Sector: Energy | Industry: Oil & Gas Transportation Services |
Company Contact | |
Address: | Suite 200, 425 - 1 Street S.W. CALGARY AB T2P 3L8 |
Tel: | 1-800-4812804 |
Website: | https://www.enbridge.com |
IR: | See website |
Key People | ||
Gregory L. Ebel President, Chief Executive Officer, Director | Patrick Robert Murray Chief Financial Officer, Executive Vice President | Matthew Allan Akman Executive Vice President - Corporate Strategy & President - Power |
Colin Kenneth Gruending Executive Vice President, President - Liquids Pipelines | Cynthia L. Hansen Executive Vice President, President - Gas Transmission and Midstream |
Business Overview |
Enbridge Inc. is an energy transportation and distribution company. The Company operates through five business segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. Liquids Pipelines consists of pipelines and terminals in Canada and the United States that transport and export various grades of crude oil and other liquid hydrocarbons. Gas Transmission and Midstream consists of its investments in natural gas pipelines and gathering and processing facilities in Canada and the United States. Gas Distribution and Storage consists of its natural gas utility operations. Renewable Power Generation consists of investments in wind and solar assets, geothermal, waste heat recovery, and transmission assets. Energy Services provides physical commodity marketing, logistics services, and energy marketing services. The Company owns Aitken Creek Gas Storage facility and Aitken Creek North Gas Storage facility. |
Financial Overview |
For the three months ended 31 March 2024, Enbridge Inc (USA) revenues decreased 9% to C$11.04B. Net income applicable to common stockholders decreased 18% to C$1.42B. Revenues reflect Gas Distribution segment decrease of 19% to C$2.13B, Renewable power Generation and Transmission segment decrease of 9% to C$131M. Net income also reflects FV/Uls Adjust on Derivatives for Hedging increase from C$89M to C$730M (expense). |