Elon Musk is known for making bold statements. For example, the two data centers he's setting up in Tennessee are called Colossus I and Colossus II. What's notable for energy investors is that these artificial intelligence-focused data centers are powered by natural gas, much to the ire of nearby residents due to the gas turbines' noise and pollution concerns.
But the power has to come from somewhere, which is why investors will likely find high-yield midstream giants like Enterprise Products Partners (EPD -0.18%) and Enbridge (ENB +0.77%) of interest. However, even if you don't want to invest in carbon fuels, you can still find high-yield options like Brookfield Renewable Partners (BEP +0.15%). It is already working to support Microsoft's and Alphabet's AI data centers. The best part, all three have yields well over 4.5%.
Image source: Getty Images.
Power demand is increasing at a rapid clip Between 2005 and 2025, electricity demand increased by 10%. Between 2025 and 2045, however, demand is projected to increase by 60%. That's a step change in demand driven by a shift toward electricity as a power source and, at the same time, new technology, including electric cars and artificial intelligence (AI).
Meeting that demand won't be easy, and it is already causing problems for the AI industry. One of the quickest ways to develop new power sources is through natural gas turbines. There are drawbacks, as Mississippi residents are aware, since the off-grid power plants for one of Musk's Tennessee AI data centers are located there. Still, when it needed power fast, Space Exploration Corporation (SPCX -2.85%) did what it needed to do. And the U.S. government appears to be supporting the company's move to use natural gas turbines despite local pushback.
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Natural gas is likely to be a key AI fuel for years to come. This makes Enterprise and Enbridge, two of the largest midstream businesses in North America, attractive high-yield investments. The key is that both make money by charging fees for the use of the energy infrastructure assets. So demand for energy is more important than the price of the energy being moved through their systems.
Enterprise's yield is 5.7%, the highest on this list. It has increased its distribution annually for 27 consecutive years. Enbridge's yield is 4.9%, and it has increased its dividend, in Canadian dollars, for 31 years. To be fair, these are indirect plays on the AI sector, since they rely on overall natural gas demand. But both are reliable, though slow-growing, high-yield investments.
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Brookfield Renewable offers a cleaner AI play If you don't want to own a carbon-focused business, you can still buy a high-yield energy supplier to the AI sector in Brookfield Renewable Partners. This business owns a global portfolio of clean energy assets, including hydroelectric, solar, wind, storage, and nuclear. It operates outside of the regulated utility framework, selling power directly to companies using long-term contracts. As noted above, it has agreements with Microsoft and Google to supply power to their data centers.
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Brookfield Renewable Partners' distribution yield is 4.9%. The distribution has been increased regularly for a decade, noting that the business isn't as old as the two midstream businesses highlighted above. That said, there is an important difference here. Brookfield Renewable actively manages its portfolio, so it is always buying and selling assets. Enterprise and Enbridge tend to build (or buy) assets and then hang on to them for a long time. Investors who choose Brookfield Renewable should probably pay closer attention to quarterly results to stay on top of portfolio developments.
Power is the ultimate AI pick-and-shovel play When you step back, AI is really just a fancy computer program. It can't "live" without electricity. That makes power a key supply story and one that won't simply go away once an AI data center has been built, because power will always be required to keep the AI running. High-yield natural gas pipeline operators like Enterprise and Enbridge are a good way to play electricity demand growth. Brookfield Renewable is another, for those who prefer to avoid carbon fuels. All three offer big yields backed by reliable cash flows.
Enbridge (ENB - Free Report) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 31. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis oil and natural gas transportation and power transmission company is expected to post quarterly earnings of $0.43 per share in its upcoming report, which represents a year-over-year change of -8.5%.
Revenues are expected to be $10.85 billion, up 0.9% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 2.5% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Enbridge?For Enbridge, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.59%.
On the other hand, the stock currently carries a Zacks Rank of #4.
So, this combination makes it difficult to conclusively predict that Enbridge will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Enbridge would post earnings of $0.69 per share when it actually produced earnings of $0.71, delivering a surprise of +2.90%.
Over the last four quarters, the company has beaten consensus EPS estimates three times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Enbridge doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Expected Results of an Industry PlayerEnbridge (ENB - Free Report) , another stock in the Zacks Oil and Gas - Production and Pipelines industry, is expected to report earnings per share of $0.43 for the quarter ended June 2026. This estimate points to a year-over-year change of -8.5%. Revenues for the quarter are expected to be $10.85 billion, up 0.9% from the year-ago quarter.
The consensus EPS estimate for Enbridge has been revised 2.5% lower over the last 30 days to the current level. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -0.59%.
This Earnings ESP, combined with its Zacks Rank #4 (Sell), makes it difficult to conclusively predict that Enbridge will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Enbridge (ENB - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Over the past month, shares of this oil and natural gas transportation and power transmission company have returned +0.4%, compared to the Zacks S&P 500 composite's +0.6% change. During this period, the Zacks Oil and Gas - Production and Pipelines industry, which Enbridge falls in, has gained 1.7%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Revisions to Earnings EstimatesHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
Enbridge is expected to post earnings of $0.43 per share for the current quarter, representing a year-over-year change of -8.5%. Over the last 30 days, the Zacks Consensus Estimate has changed -2.5%.
For the current fiscal year, the consensus earnings estimate of $2.13 points to a change of -1.4% from the prior year. Over the last 30 days, this estimate has changed -2.4%.
For the next fiscal year, the consensus earnings estimate of $2.35 indicates a change of +10.3% from what Enbridge is expected to report a year ago. Over the past month, the estimate has changed -1.9%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Enbridge is rated Zacks Rank #4 (Sell).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth ForecastWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
In the case of Enbridge, the consensus sales estimate of $10.85 billion for the current quarter points to a year-over-year change of +0.9%. The $48.33 billion and $47.5 billion estimates for the current and next fiscal years indicate changes of +3.7% and -1.7%, respectively.
Last Reported Results and Surprise HistoryEnbridge reported revenues of $16.3 billion in the last reported quarter, representing a year-over-year change of +26.5%. EPS of $0.71 for the same period compares with $0.72 a year ago.
Compared to the Zacks Consensus Estimate of $12.82 billion, the reported revenues represent a surprise of +27.09%. The EPS surprise was +2.9%.
Over the last four quarters, Enbridge surpassed consensus EPS estimates three times. The company topped consensus revenue estimates three times over this period.
ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Enbridge is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Enbridge. However, its Zacks Rank #4 does suggest that it may underperform the broader market in the near term.
With reliable cash flows and long-term deals locked in, energy companies can offer shareholders a steady stream of passive income through dividend payouts. Two examples of that are Enbridge (ENB +0.27%) and Energy Transfer (ET +0.17%).
Each company offers a dividend that yields 5% or higher, but between the two, one stands out as the better option for passive income.
Image source: Getty Images.
Consistent dividend payouts Enbridge uses an all-of-the-above energy strategy through four core businesses:
Liquids pipelines Natural gas pipelines Gas utilities and storage Renewable energy Its gas and oil operations are massive, as Enbridge transports roughly 20% of the natural gas consumed in the U.S.and around 30% of the crude oil produced in North America.
With its assets, Enbridge is eyeing over 50 potential data center opportunities that would require natural gas and is expected to give the go-ahead on some projects in 2026 and 2027.
For renewable energy, Meta Platforms is one of the company's big-name customers. In 2025, Meta signed a contract to use all the solar energy produced at a facility under construction in Texas. Then, in May, Enbridge announced it was developing a battery energy storage and solar project to support Meta's data center operations in Wyoming.
In terms of passive income, Enbridge is a reliable dividend payer, with more than 70 years of payouts. It hasn't qualified as a Dividend King by increasing its dividend payout for 50 consecutive years, but it is on its way to becoming one, with 31 consecutive years of dividend increases. As of this writing, the dividend payout yields 5%.
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A shorter track record but a bigger yield Natural gas is the third-largest source of electricity for data centers worldwide, according to the International Energy Agency. With over 140,000 miles of pipeline and related infrastructure in 44 states, Energy Transfer is in the driver's seat for capitalizing on that demand.
It's already doing so, with an agreement to supply natural gas to three of Oracle's data centers. Both companies, however, are facing a recent setback: New Mexico regulators have rejected Energy Transfer's proposed pipeline across the state, which could delay Oracle's Project Jupiter data center from launching. According to a Bloomberg report, Oracle said the project remains on schedule.
It also has an indirect relationship with Meta, as it will supply gas to Entergy Louisiana, a subsidiary of Entergy, which will supply power for a data center project Meta has in the area. In addition, Enbridge announced in its 2026 first-quarter earnings report that it will provide natural gas transportation services to Nexus Data Centers for its artificial intelligence hyperscale campus.
For passive income, Energy Transfer doesn't have the same history as Enbridge, with decades of dividend payouts or consecutive dividend increases. But its dividend payout currently yields a hefty 6.6%, well above Enbridge's 5%.
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Picking the dividend stock winner Both companies could be portfolio considerations, but for passive income, I would pick Enbridge over Energy Transfer. While Energy Transfer's dividend payout offers a higher yield, Enbridge has history on its side as not only a reliable dividend payer for more than 70 years but also a reliable dividend increaser. That's exactly what you want with a passive income investment.
If you're looking to invest your way to serious wealth, you're probably a fan of growth stocks. And understandably so. By definition, they're supposed to dish out big gains.
Just don't dismiss the power of steady, cumulative dividend growth. If you pick the right payer, you can also ride these holdings to a sizable fortune.
And one particular oil and gas pipeline name proves it. Better still, it could continue proving it to patient newcomers. That company is Enbridge (ENB +0.21%).
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The business is simple enough: It owns and operates over 18,000 miles of crude oil and natural gas pipelines in Canada and the U.S., handling nearly 5 billion barrels/equivalent every year.
Unlike the energy industry's explorers and refiners, though, Enbridge isn't affected by the price of the gas or oil it transports. It simply charges an ever-rising fee for the amount of product pushed through its pipes.
As long as North America continues consuming crude oil and natural gas, Enbridge continues generating revenue -- which turns into profits, which turn into dividends. That's how the company has not only paid a quarterly dividend like clockwork for decades, but has also raised its annual per-share payout every year for the past 31 years -- and by more than a little. Since 1995, the dividend has risen by an average of 9% per year.
You wouldn't have needed to accept those dividend payments, too. The chart below illustrates the upshot of reinvesting any dividend payments on an initial investment of $10,000 in Enbridge made 30 years ago. Today, that position would be worth more than $228,000.
ENB data by YCharts.
Past performance is no guarantee of future results, but past performance is a reasonable indication of what's likely in the future. And it's not like demand for natural gas or crude oil is drying up anytime soon. Enbridge could conceivably repeat the feat over the next 30 years.
More than anything, though, don't dismiss the impact of compounding provided by steady cash payments, even if they seem small at the time.
James Brumley has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Enbridge. The Motley Fool has a disclosure policy.
Anyone can find stocks with monster dividend yields. The tricky part is finding the juicy dividend stocks you can actually trust with your money. Often, a high yield is a warning sign of problems boiling beneath the surface at a company, and it can sting your portfolio when a company has to cut its dividend.
Fortunately, there are high-yield dividend stocks you can trust, especially in the energy sector. Whether it's oil and gas or renewable power, the world needs increasingly more energy in this new era of artificial intelligence (AI).
Enterprise Products Partners (EPD -0.31%), Enbridge (ENB +0.38%), and NextEra Energy (NEE +0.65%) are three monster dividend stocks with strong track records, durable competitive advantages, and long-term growth prospects that should continue putting cash in your pockets for the foreseeable future. Here's why investors should be able to confidently buy and hold them through at least 2036.
Image source: The Motley Fool
1. A cash machine with a 5.7% yield Enterprise Products Partners is arguably the gold standard in the energy infrastructure space. The company operates more than 50,000 miles of pipelines, storage facilities, and export terminals located throughout North America, helping bring natural gas and liquids to the global marketplace. It's also a master limited partnership (MLP), a unique business structure that requires a special tax form, called a K-1.
The business functions like a toll road, generating revenue from fees it charges for materials flowing through its pipes. The fees are tied to long-term contracts, which protect the company from fluctuating commodity prices. Enterprise Products Partners isn't invincible if the entire industry slows down, but there's always a baseline level of consumption because the economy never stops.
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As an MLP, Enterprise Products Partners can distribute large sums of cash to its unitholders, the MLP term for shareholders. That's how you wind up with a dependable 5.7% yield. The payout ratio is actually quite conservative, at just 57% of the company's trailing 12-month distributable cash flow. That leaves money for capital expenditures to help capitalize on rising energy production and export activity over the coming years.
2. A diversified energy juggernaut Enbridge is one of the largest energy companies in North America. Its business combines liquids, pipelines, gas utilities, and renewable energy assets to offer investors a little bit of everything the energy sector has to offer. It also diversifies the company's revenue streams, making Enbridge a dependable dividend stock that yields 5.1% and has grown its dividend by an average of 9% annually over the past 30 years.
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The company is an essential cog for the U.S. and Canadian economies. Enbridge transports roughly 30% of the crude oil produced in North America and about 20% of the natural gas consumed by the United States. Virtually none of the business is exposed to commodity prices, and roughly 80% of its EBITDA (earnings before interest, taxes, depreciation, and amortization) is protected from inflation by price escalators.
Management maintains a targeted dividend payout ratio of 60%-70% of distributable cash flow, leaving a generous financial buffer in the event the business experiences an unexpected downturn. That doesn't seem too likely at this point; Enbridge anticipates growing at an annualized rate of about 5% as energy demand continues to rise.
3. An energy behemoth forming NextEra has ridden the secular growth trend in renewable energy for decades, becoming one of the world's largest producers of wind and solar power. It also operates Florida Power & Light, America's largest electric power utility. It offers a lucrative one-two punch that has driven the stock to market-beating returns and many years of dividend growth.
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It also hasn't prevented NextEra from swinging for the fences. The company has agreed to merge with Dominion Energy in a blockbuster deal worth more than $66 billion. With Dominion in the fold, NextEra would expand its empire beyond Florida into North and South Carolina and Virginia, the country's primary data center hub. It will position NextEra front and center for growth as data center ramps up electricity consumption over the next decade.
The merger is expected to close later next year. Such large deals are also risky because all the pieces must fit together well, and that can take time. NextEra increased its dividend by 10% earlier this year, perhaps a vote of confidence in the company's bright future. Management believes the combined entity will grow earnings by 9% annually through at least 2032, enough growth to make NextEra a no-brainer to buy and hold at the stock's current dividend yield of 2.8%.
Dividend stocks are compounding machines. The combination of income and growth that these investments provide can really add up over the years.
Energy infrastructure giant Enbridge (ENB +0.11%) is a prime example. It has turned a $50,000 investment made three decades ago into more than $1.1 million today. The low-risk dividend stock has plenty of fuel to continue enriching investors going forward. Here's how much you'd need to invest in the Canadian pipeline and utility company to become a millionaire in 30 years.
Image source: Getty Images.
Enbridge has been a terrific investment over the past three decades. The energy infrastructure company has generated an average annualized total return of 13.5%. A major driver is its high-yielding, steadily rising dividend. Enbridge has increased its payout every year for more than three decades (in Canadian dollars). That growing dividend income has driven the bulk of its total return over the past 30 years:
ENB data by YCharts
However, you don't need a big upfront investment or a 13.5% annualized return from an investment in Enbridge to grow into $1 million in three decades. Another path to $1 million is to invest $5,000 into Enbridge upfront and an additional $500 each month. At that investment rate, Enbridge would only need to deliver a 10% annualized total return to reach over $1 million in three decades. That more conservative 10% annualized return matches the historical returns of dividend growth stocks over the past 50 years.
An achievable return Enbridge currently pays a 5% dividend yield. That's half the required return from dividend income alone. Enbridge would only need to grow its earnings by around 5% per year to boost its total return to 10% annualized, assuming its share price rises with its earnings.
That earnings growth rate aligns with Enbridge's current outlook. The company expects to grow its distributable cash flow per share at an annual rate of around 5% after this year. That should support dividend growth of up to 5% each year. Enbridge backs its near-term growth forecast with a massive 37 billion Canadian dollar ($26.8 billion) backlog of commercially secured expansion projects that it expects will enter service through 2030. Projects include new oil and gas pipelines, gas utility expansions, and renewable energy projects.
Enbridge is currently pursuing another CA$50 billion ($35.5 billion) of investment opportunities through the end of the decade. This includes new gas infrastructure, liquids pipelines, lower-carbon projects, gas utility projects to support AI data centers, and more renewable energy capacity. The company is in a strong position to continue growing for decades as it supports rising energy demand, especially for cleaner energy sources such as gas and renewables. Enbridge is also investing in lower-carbon new energy technologies, including hydrogen, renewable natural gas, and carbon capture and sequestration, to drive future growth. The company's scale and steady shift toward cleaner energy give it a very long growth runway.
A potentially enriching investment Enbridge has a long history of growing shareholder value. The company should continue compounding investor wealth in the decades ahead, driven by its high-yielding dividend and steadily rising earnings. That makes it a lower-risk path to long-term wealth creation.
It's always nice to see your stocks appreciate, but that's far from the only way to make money in the stock market. Plenty of investors build a lot of wealth over time by embracing dividend stocks and leaning on the guaranteed income they (typically) provide.
Much of the value from investing comes over time, but it's especially true for dividend investors because dividends take time to compound. If you're looking for three dividend stocks you can confidently buy and hold for the long haul, look no further than Chevron (CVX +0.60%), ExxonMobil (XOM +1.44%), and Enbridge (ENB +0.93%). They are three energy stocks with longevity you don't have to question.
Image source: Getty Images.
Chevron has a hand in many different energy pots Chevron is one of the world's largest fully integrated energy companies. It finds and extracts its own crude oil (upstream), transports and stores oil and gas (midstream), and makes final products like gasoline and diesel that people use every day (downstream).
Each segment has its own set of pluses and risks, so having a hand in all three helps keep the business stable when different segments are in different parts of a cycle. That's why Chevron has consistently been one of the go-to dividend stocks in the energy sector.
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When Chevron announced a dividend increase earlier this year, it was the 39th consecutive year that it had done so. It's not Dividend King status (a company with 50-plus years of consecutive increases), but it would be very surprising if it doesn't hit that mark in 11 years.
Chevron also has the financials (and financial discipline) that should make investors comfortable holding the stock without thinking twice. This year, it will pay out around $14 billion in dividends, less than the free cash flow it's expected to generate.
ExxonMobil's scale is a competitive advantage ExxonMobil is the largest oil company in the U.S., both in market value ($610 billion at the time of writing) and oil production. It also has upstream, midstream, and downstream operations, but what primarily sets it apart from Chevron is its footprint and focus.
Chevron's key asset is the U.S. Permian Basin, the country's largest oil-producing region, located in western Texas and parts of New Mexico. ExxonMobil's key asset is the offshore Guyana territory it operates in. ExxonMobil also focuses much more on the downstream segment, as the world's largest non-state-owned refiner. The differences mean you can own both without feeling like there's too much overlap between them.
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ExxonMobil has the lowest dividend yield among the three companies (around 2.8%), but it has produced the best total returns over the past five years by a long shot because of its stock price growth.
Its focus on high-return projects and large acquisitions (such as its $64.5 billion acquisition of Pioneer Natural Resources) has attracted investors who prefer ExxonMobil's more aggressive growth plan. Its sheer scale makes it a great dividend stock to hold on to for decades.
Enbridge is the tollbooth that keeps getting more lucrative Enbridge is more of a pure-play energy company, only operating in the midstream. It's a Canadian company that owns one of the largest pipeline networks around. It serves over 75% of North American oil refineries and transports a fifth of all of North America's natural gas.
Enbridge's business is essentially a tollbooth. It charges volume-based or fixed fees to transport products through its pipelines and other infrastructure. Some contracts may be long-term, while others are per-service, but either way, it's insulated from price fluctuations. It doesn't matter if a barrel of crude oil is $50 or $100; Enbridge collects the same fees.
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Enbridge's current dividend yield is 4.9%, which is attractive, but noticeably below the 6.4% it has averaged over the past three years. However, that's because of its stock price growth rather than a drop in its dividend. It has 31 consecutive years of dividend increases.
It would be extremely hard for competitors to replicate Enbridge's footprint. The regulatory and financial barriers give Enbridge a competitive moat that ensures longevity. It will continue being one of the more dominant midstream energy companies for quite some time.
Enbridge (ENB - Free Report) ended the recent trading session at $55.73, demonstrating a -1.73% change from the preceding day's closing price. This move lagged the S&P 500's daily loss of 0.19%. Elsewhere, the Dow lost 0.59%, while the tech-heavy Nasdaq lost 0.05%.
The oil and natural gas transportation and power transmission company's stock has climbed by 3.96% in the past month, exceeding the Oils-Energy sector's gain of 3.6% and the S&P 500's gain of 0.55%.
Investors will be eagerly watching for the performance of Enbridge in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on July 31, 2026. In that report, analysts expect Enbridge to post earnings of $0.44 per share. This would mark a year-over-year decline of 6.38%. Alongside, our most recent consensus estimate is anticipating revenue of $11.03 billion, indicating a 2.59% upward movement from the same quarter last year.
ENB's full-year Zacks Consensus Estimates are calling for earnings of $2.14 per share and revenue of $48.4 billion. These results would represent year-over-year changes of -0.93% and +3.88%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Enbridge. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.74% lower. As of now, Enbridge holds a Zacks Rank of #3 (Hold).
In the context of valuation, Enbridge is at present trading with a Forward P/E ratio of 26.5. This indicates a premium in contrast to its industry's Forward P/E of 21.54.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 217, positioning it in the bottom 12% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
Not all dividend stocks are the same. Oh, they all obviously generate recurring investment income. But only a handful of them are truly reliable enough to be held through anything the market might throw your way.
With that as the backdrop, here's a rundown of my top-three dividend picks to buy and hold no matter what the market does. They're built to continually crank out their payments in the bad times as well as the good ones. Notice what all three have in common.
Verizon What's the likelihood that you'll give up the handheld device you take with you wherever you go and that keeps you constantly connected to the rest of the world? If you're like the 98% of Americans who own a mobile phone and the 91% who specifically own a smartphone (according to Pew Research), that's unlikely to happen in the foreseeable future -- if ever. We're just too dependent on them perhaps to the point of being addicted.
Data from Harmony Healthcare IT indicates the average adult in the United States spends over five hours every day looking at their phone's screen. Mental health matters aside, these numbers are good news for wireless service provider Verizon Communications (VZ 0.21%). It means people will reliably make their monthly payments to keep their phones turned on.
The company just needs to ensure its service and prices are competitive. And it is. As of the end of March, Verizon was serving 146.8 million different wireless connections.
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There's some growth potential, even beyond what's driven solely by persistent price increases. While the mobile market is well saturated, Verizon is making impressive progress in broadband internet, adding 341,000 paying broadband customers in the first quarter, bringing its paying customer count to nearly 16.8 million. This still only scratches the surface of this business's potential.
Meanwhile, Verizon is building a business specifically meant to provide factories, schools, and corporate campuses with the communication solutions they increasingly need.
Perhaps more important to interested investors, this relatively young company -- created in 2000 through the merger of Bell Atlantic and GTE -- has now upped its per-share dividend payment for 19 consecutive years. With a solid track record like that already in place, it's a pretty safe bet that this telecom powerhouse will do everything in its power to avoid starting that clock all over again.
Coca-Cola Beverage giant Coca-Cola (KO 0.06%) is such a frequently suggested dividend stock that it's almost become a cliché. It's also a frequently suggested dividend stock for a very good reason; its 64-year streak of annual dividend growth isn't likely to end anytime soon.
Credit the nature of the business, of course. The stock market's direction and the economy's underlying conditions can cause consumers to skip a vacation or postpone buying a new car. But demand for beverages never really fades, as they're usually affordable.
Image source: Getty Images.
That being said, don't dismiss the fact that Coca-Cola's dividend is also resilient because the company's done a fantastic job of turning its brand names into a lifestyle choice.
This has made the organization the biggest and best-known name in the beverage business, and this in turn provides Coca-Cola with some serious leverage with retailers -- they want to prominently feature the company's brands like Minute Maid, Gold Peak, Powerade, and of course, its namesake cola because retailers know these brands will drive shoppers to their stores.
Newcomers to KO will be stepping into a forward-looking yield of 2.5%.
Enbridge Finally, add oil and gas pipeline owner/operator Enbridge (ENB 1.39%) to your list of dividend stocks to never sell no matter what the market does. It's obviously in the same energy business as major integrated players like Chevron and ExxonMobil. But their fates are far from being the same.
See, the bottom lines of explorers, drillers, and refiners are directly tied to the ever-changing price of oil. If crude oil prices go up, so do their profits. If crude's market price falls, names like ExxonMobil and Chevron see their bottom lines shrink, dragging their stocks' prices down with them.
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That's in contrast with pipeline outfits like Enbridge, which simply deliver oil and natural gas through their pipeline network, charging a flat fee for the amount of product pushed through its pipes regardless of the market value of that gas or oil. In other words, these companies are effectively tollbooths. As long as consumption of oil and gas remains consistent -- and we're not using any less of either than we ever have -- the pipeline industry's revenue remains consistent as well. This of course is an ideal business model for dividend-paying companies.
And Enbridge's dividend track record proves it. Leveraging its network of more than 18,000 miles' worth of oil pipeline across Canada and the United States in addition to over 19,000 miles of natural gas pipes, (Enbridge transports about one-third or North America's crude oil and roughly one-fifth of its natural gas), this company has not only paid a quarterly dividend like clockwork for decades but has raised its per-share payout every year for 31 consecutive years.
SummaryEnbridge Inc. offers a compelling mix of stable dividends and essential infrastructure, with a 4.87% yield and robust growth prospects.ENB’s toll-taker model insulates cash flows from commodity price swings, focusing on volume and long-term, regulated contracts.The company dominates North American oil and gas transport, moving 30% of oil and 20% of U.S. natural gas, with expanding utility and renewables exposure.I view ENB as a durable, low-volatility holding with steady, predictable growth, supported by its unmatched scale and resilient business model.I view EBBGF as icing on the cake in terms of income from this steady growth company.Looking for a helping hand in the market? Members of The Investor's Edge® get exclusive ideas and guidance to navigate any climate. Learn More » Twin Lightning Bolts
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Lightning striking twice is not necessarily a bad thing…
Especially when it combines a superb dividend flow and a well-established, growing company in a critical business.
I own, and also own for my
26.53K Followers
Analyst’s Disclosure: I/we have a beneficial long position in the shares of ENB, EBBGF either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Key Takeaways Enbridge secures a key Michigan water permit for its $800 million Great Lakes Tunnel Project. Enbridge's tunnel will replace the aging underwater Line 5 pipelines to improve safety and reliability. Enbridge still requires additional federal and state approvals before construction can proceed. Enbridge Inc. (ENB - Free Report) has moved a step closer to advancing its $800 million Great Lakes Tunnel Project ("GLTP") after the Michigan Department of Environment, Great Lakes and Energy ("EGLE") reissued a key water resources permit. The permit allows construction activities in sensitive environmental areas and revives a project that had stalled after an earlier permit expired while Enbridge and the state spent nearly eight years in litigation.
The GLTP will replace the aging 73-year-old dual Line 5 pipelines beneath the Straits of Mackinac with a tunnel housing a new pipeline segment. Line 5 is a strategically important asset, transporting approximately 23 million gallons of crude oil and natural gas liquids per day from western Canada through Michigan to refining and distribution hubs, including Sarnia, Ontario. Replacing the underwater pipeline with a tunnel is expected to improve the system's long-term safety and operational reliability while preserving a critical energy transportation corridor.
The latest permit follows a 16-month environmental review. During this time, EGLE reviewed more than 70,000 public comments, consulted Tribal Nations and assessed the findings of an independent engineering firm. EGLE imposed additional conditions on ENB, including an enhanced wetland mitigation plan and measures to protect cultural resources. Despite ongoing opposition from environmental and Native American groups, the regulator concluded that the project's benefits outweigh competing public interest concerns.
While securing the permit is a positive milestone for Enbridge, it is not the final hurdle. The project still requires approvals from the U.S. Army Corps of Engineers, the Michigan Department of Natural Resources and the Michigan Public Service Commission, alongside a pending NPDES permit renewal. Nonetheless, this regulatory headway significantly reduces the risks of constructing one of Enbridge's key long-term infrastructure projects. If completed, the tunnel is expected to generate additional fee-based revenues from Enbridge’s liquids transportation network, strengthening its business model and boosting investor appeal.
ENB's Zacks Rank & Key PicksEnbridge currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the energy sector are NOV Inc. (NOV - Free Report) , Natural Gas Services Group, Inc. (NGS - Free Report) and National Energy Services Reunited Corp. (NESR - Free Report) . NOV currently carries a Zacks Rank #2 (Buy), while NESR and NGS sport a Zacks Rank #1 (Strong Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.
NOV is a global provider of equipment, technologies and services for the oil and gas drilling and production industries, operating across 548 locations on six continents. In the first quarter of 2026, the company achieved record profits from its subsea flexible pipe and process systems businesses, reflecting strong demand in offshore energy markets. NOV reported record bookings in the first quarter of 2026 for its composite solutions business and maintains a strong subsea flexible pipe backlog extending through 2028, providing long-term revenue visibility.
Headquartered in Southlake, TX, Natural Gas Services Group manufactures, fabricates, sells, rents and services natural gas compressors to enhance well production, alongside manufacturing flare and ignition systems used in production facilities. In June 2026, the company significantly expanded its operational footprint in the Permian Basin and Eagle Ford regions by acquiring Flatrock Compression Holdings. This strategic acquisition expanded NGS’ fleet of large-horsepower and electric-driven compression solutions, broadened its customer base and immediately boosted key financial metrics.
National Energy Services Reunited delivers integrated drilling and reservoir services across the Middle East, North Africa and Asia-Pacific, helping producers maximize output and efficiency. With rising global demand for electricity fueling a shift toward natural gas, NESR is well-positioned to capitalize on growing upstream energy investments.
In the latest trading session, Enbridge (ENB - Free Report) closed at $55.89, marking a +1.49% move from the previous day. The stock's change was more than the S&P 500's daily gain of 0.38%. Elsewhere, the Dow gained 0.02%, while the tech-heavy Nasdaq added 0.9%.
The oil and natural gas transportation and power transmission company's stock has dropped by 1.56% in the past month, falling short of the Oils-Energy sector's loss of 1.55% and the S&P 500's gain of 1.27%.
The investment community will be paying close attention to the earnings performance of Enbridge in its upcoming release. The company is slated to reveal its earnings on July 31, 2026. The company is expected to report EPS of $0.44, down 6.38% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $11.03 billion, showing a 2.59% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.15 per share and a revenue of $48.4 billion, representing changes of -0.46% and +3.88%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Enbridge. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.44% lower within the past month. Enbridge presently features a Zacks Rank of #3 (Hold).
Digging into valuation, Enbridge currently has a Forward P/E ratio of 25.65. For comparison, its industry has an average Forward P/E of 18.85, which means Enbridge is trading at a premium to the group.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 207, placing it within the bottom 16% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
Enbridge (ENB +0.73%) is one of North America's largest energy infrastructure companies, operating in the midstream part of the ecosystem, which is responsible for transporting and storing oil, natural gas, and other energy products.
At the end of the first quarter, Enbridge served over 75% of North American oil refineries, transported 20% of all natural gas consumed in North America, and served over 7 million utility customers. It might not be a household name, but it's an important part of the country's energy infrastructure, and its growth will continue as its project backlog expands.
Image source: The Motley Fool.
Enbridge has plenty of future commitments locked in Enbridge's growth capital backlog is essentially its to-do list of projects. The company has committed to the projects, but they haven't been fully completed or put into service yet. Enbridge's backlog currently includes the following:
Expanding its current natural gas and liquids pipelines Developing utility networks Developing offshore wind farms Improving its carbon capture and storage abilities A backlog may not be ideal from a short-term standpoint, but it's a visible way for investors to assess Enbridge's future revenue. And given that much of the appeal of Enbridge's stock lies in its dividend, it should be reassuring to investors that the company continues to secure cash-generating projects.
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Enbridge's dividend works a bit differently from that of U.S. companies Typically, when a company declares a dividend amount, you know that's the exact amount you can expect. If it's $1 quarterly, you can expect $1 paid out.
Enbridge is a Canadian company, so it pays dividends in Canadian Dollars (CAD), but when it pays them out to American investors, it automatically converts them to USD. Since the CAD-USD exchange rate fluctuates, the exact dividend payout amount will vary. It's likely not by much, but it will fluctuate nonetheless.
You should also expect the dividend to be subject to a 15% upfront withholding tax in Canada, but you can recoup it on the back end by claiming the Foreign Tax Credit (IRS Form 1116), which will reduce your tax liability by the amount Canada withheld. This prevents you from paying taxes twice on the dividend you receive.
ENB Dividend data by YCharts
Know what you are and aren't getting with Enbridge's stock Enbridge isn't a stock you should buy expecting consistent market-beating returns (although it is outperforming the S&P 500 this year through July 11), but it's hard to deny its effectiveness as a reliable income source. It has increased its annual dividend for 31 consecutive years, and with its current backlog and growth capital projects, I don't see that streak ending anytime soon.
The company has a minor red flag -- its high debt -- but that isn't an issue that should cause investors to lose sleep. It remains a great buy for income investors and has plenty of cash flow to remain shareholder-friendly.
Enbridge (ENB - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Shares of this oil and natural gas transportation and power transmission company have returned -2.4% over the past month versus the Zacks S&P 500 composite's +1.1% change. The Zacks Oil and Gas - Production and Pipelines industry, to which Enbridge belongs, has gained 2.2% over this period. Now the key question is: Where could the stock be headed in the near term?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Earnings Estimate RevisionsRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
Enbridge is expected to post earnings of $0.44 per share for the current quarter, representing a year-over-year change of -6.4%. Over the last 30 days, the Zacks Consensus Estimate has changed +1%.
For the current fiscal year, the consensus earnings estimate of $2.14 points to a change of -0.9% from the prior year. Over the last 30 days, this estimate has changed -2.9%.
For the next fiscal year, the consensus earnings estimate of $2.36 indicates a change of +10.2% from what Enbridge is expected to report a year ago. Over the past month, the estimate has changed -1.1%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Enbridge.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue GrowthWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
In the case of Enbridge, the consensus sales estimate of $11.03 billion for the current quarter points to a year-over-year change of +2.6%. The $50.87 billion and $48.91 billion estimates for the current and next fiscal years indicate changes of +9.2% and -3.9%, respectively.
Last Reported Results and Surprise HistoryEnbridge reported revenues of $16.3 billion in the last reported quarter, representing a year-over-year change of +26.5%. EPS of $0.71 for the same period compares with $0.72 a year ago.
Compared to the Zacks Consensus Estimate of $12.82 billion, the reported revenues represent a surprise of +27.09%. The EPS surprise was +2.9%.
Over the last four quarters, Enbridge surpassed consensus EPS estimates three times. The company topped consensus revenue estimates three times over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Enbridge is graded C on this front, indicating that it is trading at par with its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Enbridge. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
Enbridge is downgraded to Hold as recent share price appreciation has priced in growth potential already. ENB's growth projects, notably the 1.6 GW Cowboy Project with Meta and storage/pipeline expansions, support long-term free cash flow and dividend growth. The current dividend yield of 5.1% is below its historical average and near the lowest levels since ~2018.
Enbridge (ENB - Free Report) closed the most recent trading day at $53.47, moving -1.13% from the previous trading session. This change lagged the S&P 500's daily gain of 0.72%. On the other hand, the Dow registered a gain of 0.3%, and the technology-centric Nasdaq increased by 1.12%.
Heading into today, shares of the oil and natural gas transportation and power transmission company had lost 3.96% over the past month, outpacing the Oils-Energy sector's loss of 7.89% and lagging the S&P 500's loss of 0.9%.
The upcoming earnings release of Enbridge will be of great interest to investors. The company's earnings report is expected on July 31, 2026. In that report, analysts expect Enbridge to post earnings of $0.44 per share. This would mark a year-over-year decline of 6.38%. Meanwhile, the latest consensus estimate predicts the revenue to be $11.03 billion, indicating a 2.59% increase compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.16 per share and a revenue of $50.87 billion, representing changes of 0% and +9.19%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Enbridge. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.95% lower. As of now, Enbridge holds a Zacks Rank of #3 (Hold).
Looking at its valuation, Enbridge is holding a Forward P/E ratio of 25.01. Its industry sports an average Forward P/E of 17.78, so one might conclude that Enbridge is trading at a premium comparatively.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 184, placing it within the bottom 26% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
Wall Street watches a company's quarterly report closely to understand as much as possible about its recent performance and what to expect going forward. Of course, one figure often stands out among the rest: earnings.
The earnings figure itself is key, of course, but a beat or miss on the bottom line can sometimes be just as, if not more, important. Therefore, investors should consider paying close attention to these earnings surprises, as a big beat can help a stock climb and vice versa.
The ability to identify stocks that are likely to top quarterly earnings expectations can be profitable, but it's no simple task. Here at Zacks, our Earnings ESP filter helps make things easier.
The Zacks Earnings ESP, ExplainedThe Zacks Earnings ESP, or Expected Surprise Prediction, aims to find earnings surprises by focusing on the most recent analyst revisions. The basic premise is that if an analyst reevaluates their earnings estimate ahead of an earnings release, it means they likely have new information that could possibly be more accurate.
With this in mind, the Expected Surprise Prediction compares the Most Accurate Estimate (being the most recent) against the overall Zacks Consensus Estimate. The percentage difference provides the ESP figure. The system also utilizes our core Zacks Rank to provide a stronger system for identifying stocks that might beat their next quarterly earnings estimate and possibly see the stock price climb.
In fact, when we combined a Zacks Rank #3 (Hold) or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time. Perhaps most importantly, using these parameters has helped produce 28.3% annual returns on average, according to our 10 year backtest.
Stocks with a ranking of #3 (Hold), or 60% of all stocks covered by the Zacks Rank, are expected to perform in-line with the broader market. Stocks with rankings of #2 (Buy) and #1 (Strong Buy), or the top 15% and top 5% of stocks, respectively, should outperform the market; Strong Buy stocks should outperform more than any other rank.
Should You Consider Talos Energy?The last thing we will do today, now that we have a grasp on the ESP and how powerful of a tool it can be, is to quickly look at a qualifying stock. Talos Energy (TALO - Free Report) holds a #3 (Hold) at the moment and its Most Accurate Estimate comes in at $0.32 a share 30 days away from its upcoming earnings release on August 5, 2026.
By taking the percentage difference between the $0.32 Most Accurate Estimate and the $0.25 Zacks Consensus Estimate, Talos Energy has an Earnings ESP of +26.32%. Investors should also know that TALO is one of a large group of stocks with positive ESPs. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
TALO is part of a big group of Oils and Energy stocks that boast a positive ESP, and investors may want to take a look at Enbridge (ENB - Free Report) as well.
Enbridge is a Zacks Rank #3 (Hold) stock, and is getting ready to report earnings on July 31, 2026. ENB's Most Accurate Estimate sits at $0.45 a share 25 days from its next earnings release.
For Enbridge, the percentage difference between its Most Accurate Estimate and its Zacks Consensus Estimate of $0.44 is +2.27%.
TALO and ENB's positive ESP figures tell us that both stocks have a good chance at beating analyst expectations in their next earnings report.
Find Stocks to Buy or Sell Before They're ReportedUse the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading. Check it out here >>
There are several macro trends that I have high conviction in. However, there are also several sectors that are positioned to benefit immensely from these macro trends that the market has recently sold off. I detail why I am bullish on these sectors and some high-yielding funds that are well-positioned to benefit.
Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Enbridge (ENB - Free Report) , which belongs to the Zacks Oil and Gas - Production and Pipelines industry, could be a great candidate to consider.
This oil and natural gas transportation and power transmission company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 3.95%.
For the last reported quarter, Enbridge came out with earnings of $0.71 per share versus the Zacks Consensus Estimate of $0.69 per share, representing a surprise of 2.90%. For the previous quarter, the company was expected to post earnings of $0.6 per share and it actually produced earnings of $0.63 per share, delivering a surprise of 5.00%.
Price and EPS Surprise
Thanks in part to this history, there has been a favorable change in earnings estimates for Enbridge lately. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Enbridge currently has an Earnings ESP of +2.27%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #3 (Hold) indicates that another beat is possibly around the corner. We expect the company's next earnings report to be released on July 31, 2026.
With the Earnings ESP metric, it's important to note that a negative value reduces its predictive power; however, a negative Earnings ESP does not indicate an earnings miss.
Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
In the latest trading session, Enbridge (ENB - Free Report) closed at $55.40, marking a -1.49% move from the previous day. The stock's change was less than the S&P 500's daily gain of 1.18%. Meanwhile, the Dow experienced a rise of 0.59%, and the technology-dominated Nasdaq saw an increase of 2.07%.
Prior to today's trading, shares of the oil and natural gas transportation and power transmission company had gained 2.74% outpaced the Oils-Energy sector's loss of 7.93% and the S&P 500's loss of 2.9%.
Analysts and investors alike will be keeping a close eye on the performance of Enbridge in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.44, showcasing a 6.38% downward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $11.22 billion, up 4.41% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.18 per share and revenue of $51.3 billion. These totals would mark changes of +0.93% and +10.11%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Enbridge. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.29% decrease. At present, Enbridge boasts a Zacks Rank of #3 (Hold).
In terms of valuation, Enbridge is currently trading at a Forward P/E ratio of 25.82. This represents a premium compared to its industry average Forward P/E of 18.17.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 110, finds itself in the top 46% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
, /PRNewswire/ - Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) will host a conference call and webcast on July 31, 2026, at 7 a.m. MT (9 a.m. ET) to provide a business update and review 2026 second quarter results.
The conference call format will include prepared remarks from the executive team, followed by a question-and-answer session for the analyst and investor community only. Enbridge's media and investor relations teams will be available after the call for any additional questions.
Enbridge will announce its financial results before markets open on July 31, 2026.
2026 Second Quarter Earnings Webcast and Conference Call
Details of the webcast
When:
Friday, July 31, 2026
7 a.m. MT (9 a.m. ET)
Webcast:
Sign-up
Call:
Dial-in (Audio only – please dial in 15 minutes ahead):
North America Toll Free: 1-800-606-3040
Outside North America: 1-646-307-1689
Conference ID: 9581867
A webcast replay and transcript will be posted to Enbridge's website shortly after the conclusion of the event.
About Enbridge Inc.
At Enbridge, we safely connect millions of people to the energy they rely on every day, fueling quality of life through our North American natural gas, oil and renewable power networks and our European offshore wind portfolio. We're investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on more than a century of operating conventional energy infrastructure and two decades of experience in renewable power. We're advancing new technologies including hydrogen, renewable natural gas, and carbon capture and storage. Headquartered in Calgary, Alberta, Enbridge's common shares trade under the symbol ENB on the Toronto (TSX) and New York (NYSE) stock exchanges. To learn more, visit us at enbridge.com.
NextEra Energy (NYSE: NEE | NEE Price Prediction) and Enbridge (NYSE: ENB) both just reported, and the contrast matters. Big Tech wants uninterrupted power for AI training, and these two answer that demand from opposite ends of the energy system. NextEra builds the plants. Enbridge moves the fuel. The quarter shows why investors leaning on a pure renewables story may need to recalibrate.
Renewables Backlog Swells. Pipelines Stay Booked Solid. NextEra posted Q1 adjusted EPS of $1.09, up 10% YoY, on revenue of $6.701 billion. Energy Resources added 4 gigawatts to backlog, lifting the total to roughly 33 gigawatts including 1.3 gigawatts of battery storage. CEO John Ketchum said FPL is fielding “about 21 gigawatts of large load interest”, with around 12 gigawatts in advanced talks. The Department of Commerce tapped NextEra to build 9.5 gigawatts of new gas-fired generation in Texas and Pennsylvania.
Enbridge reported adjusted EPS of $0.98, down from $1.03, while distributable cash flow rose to $3.85 billion. Mainline volumes averaged 3.2 million barrels per day, with CEO Greg Ebel noting the system has been “apportioned all year.” Enbridge sanctioned the 300 MW Cone onshore wind project in Texas, extending its Meta partnership past 1 gigawatt of combined power generation.
Build the Power Plant vs. Move the Fuel Lens NextEra Enbridge Core bet Renewables, nuclear restart, new gas Gas pipelines, storage, select renewables AI hook Google nuclear PPA, 40 data center hubs 10 Bcf/d takeaway opportunity Dividend yield ~2.7% ~6.8% Forward P/E 22 27 The intermittency problem sits behind every NextEra bull case. AI training models and data center campuses require continuous, 100% stable, always-on baseline power, and wind and solar do not deliver that without cost-prohibitive utility-scale storage. Ketchum clearly knows it, which is why NextEra is restarting Duane Arnold’s 615 MW reactor under a 25-year Google PPA and accepting a federal mandate to build gas. Enbridge sidesteps that debate, earning take-or-pay fees on fuel that fires plants other companies build.
The AI Baseload Test Comes Next Watch whether NextEra converts that 21 GW of FPL large load interest into signed tariffs by year-end, and whether Duane Arnold stays on its Q4 2028 to Q1 2029 restart timeline. For Enbridge, the 50+ data center opportunities targeting new takeaway capacity are the swing factor. Ebel’s C$40 billion sanctioned backlog already supports the 31st consecutive annual dividend increase, so execution risk feels lower.
Why I Lean Toward Enbridge for AI-Era Income For a defensive way to play surging AI power demand, Enbridge looks more durable. The 6.8% yield is backed by contracted cash flows, leverage at 5.0x debt-to-EBITDA sits at the top of the target range but stays manageable, and the gas-as-baseload narrative strengthens as hyperscalers chase 24/7 reliability. NextEra remains the higher-growth story, with 8%+ EPS CAGR through 2032 and visible hyperscaler wins. Yet the premium valuation, the $24.6 billion 2025 capex pace, and the Q4 2025 EPS of $0.54 against a $0.92 consensus tell me the execution bar is high. For investors prioritizing capital preservation in an AI grid that punishes intermittency, ENB screens as the more defensive profile.
Funding will help advance Library's sustainability and conservation initiatives
, /PRNewswire/ - As America celebrates its 250th anniversary, Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) is announcing a $2.5M founding gift to the Theodore Roosevelt Presidential Library (TRPL) which opens July 4, 2026, in Medora, North Dakota.
Enbridge's funding supports the library's sustainability certification and conservation initiatives. Enbridge's investment will also help to restore 400,000 native plants to the surrounding prairie ecosystem, enhancing biodiversity and wildlife habitat.
"Theodore Roosevelt is often called the 'conservation president' so it's fitting that his Presidential Library is designed to exist within the rugged landscape of the North Dakota Badlands," said Greg Ebel, Enbridge President and CEO. "We're proud to support the library and its ambitions to serve as a national destination focused on leadership, conservation, resilience and civic engagement."
The gift reflects Enbridge's focus on sustainability. This year marked 25 years of sustainability reporting at Enbridge, reflecting an approach that has evolved alongside our business and has become embedded in how we plan, invest, operate and govern decision-making. That foundation supports how we deliver the energy people count on every day, while strengthening the resilience of our systems for the future.
Enbridge is a leading North American energy infrastructure company with operations across 43 U.S. states. Enbridge has proudly operated, safely and reliably, in North Dakota for more than 75 years.
About Enbridge
At Enbridge, we safely connect millions of people to the energy they rely on every day, fueling quality of life through our North American natural gas, oil and renewable power networks and our European offshore wind portfolio. We're investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on more than a century of operating conventional energy infrastructure and two decades of experience in renewable power. We're advancing new technologies including hydrogen, renewable natural gas, and carbon capture and storage. Headquartered in Calgary, Alberta, Enbridge's common shares trade under the symbol ENB on the Toronto (TSX) and New York (NYSE) stock exchanges. To learn more, visit us at enbridge.com.
The big draw with Enbridge (ENB +0.09%) is its lofty 5.1% dividend yield. And that yield is backed by 31 annual dividend increases. That's a great start for any investor looking to buy a high-yield stock, but the story gets even better when you consider where Enbridge will be in 10 years.
Enbridge isn't your typical midstream stock The core of Enbridge's business is its midstream oil and natural gas operations. Essentially, it charges fees for facilitating the movement of these vital energy commodities worldwide. The price of the commodities moving through its system is less important than the volume. And given the importance of oil and natural gas to modern life, volume is high most of the time. In fact, the conflict in the Middle East may even increase demand for oil and natural gas from North America as countries reconsider energy security.
Image source: Getty Images.
Despite the ongoing growth of renewable power, Enbridge's midstream operations are likely to continue expanding over the next decade. But that's not the only growth opportunity, as the company's regulated natural gas utility business is also poised for expansion. Natural gas is increasingly replacing oil in the home heating market, but it is also in high demand among electric utilities, which are attempting to keep up with AI-driven demand for power.
So, more slow-and-steady growth from the company's oil and natural gas-linked operations is likely for years to come. Since Enbridge's midstream and regulated utility operations (which comprise four utilities) account for around 95% of its earnings before interest, taxes, depreciation, and amortization, it is well positioned to continue paying investors well. The company is calling for 3% distributable cash flow growth in 2026, but 5% each year over the longer term. Dividends should increase by around the same amounts.
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The small, but vital, clean energy business The one knock that a long-term dividend investor might have here is that Enbridge is heavily involved in carbon energy while the world is slowly shifting toward cleaner alternatives. Only, the company's goal is to provide the world with the energy it needs. For example, it has been growing its natural gas exposure because that is a cleaner-burning fuel than oil.
That said, Enbridge's third and final business line is actually clean energy. It is small today, but clean energy still accounts for a small share of the world's energy needs. This division will continue to grow over the next decade, keeping the company apace with the changing face of the energy market. And over the long term, that means Enbridge will remain a vital player in the global energy market. So even an investor who believes renewable energy is the future can comfortably buy this high-yield energy stock and hold it for 10 years or more.
Oil prices doubled at one point this year due to the closure of the Strait of Hormuz, surging from around $60 to almost $120. However, crude has given back most of those gains, falling into the $70s, as the U.S. and Iran have agreed to a deal to reopen that key energy waterway.
While the oil market has a long road to recovery, I expect oil will hit $60 a barrel at some point next year. Here's why and the oil stocks to buy under this scenario.
Image source: Getty Images.
From a supply shortage to a glut Iran's moves to close the Strait of Hormuz created a massive oil supply disruption. The International Energy Agency (IEA) estimates that it blocked more than 14 million barrels per day (BPD) from the market, over 10% of global demand.
However, the IEA anticipates that the oil market will shift from a supply shortfall to a glut by 2027. Global oil supplies are on track to surge by 8 million BPD next year, while demand will only rise by around 2 million BPD. That's due to a return of shut-in supplies in the Middle East, as well as higher output from Iran, the UAE, and Venezuela. As a result, the IEA expects supply to outpace demand by more than 5 million BPD next year, down from a nearly 1 million BPD shortfall this year.
This excess supply will help the industry rebuild oil inventory levels, which have plunged as they bridged the gap this year. However, as storage levels rebuild, oil prices will likely start falling toward $60.
These oil stocks don't really care about crude prices Falling oil prices will hurt oil producers, who will earn far less at $60 a barrel than they did at twice that level. However, it won't affect oil pipeline stocks. That's because they're paid fixed fees based on the volumes flowing through their midstream systems.
Enbridge (ENB +1.63%) operates North America's longest and most complex crude oil and liquids pipeline system at more than 18,000 miles. It transports 30% of the oil produced on the continent. About 99% of its liquids pipeline earnings come from regulated rate structures or take-or-pay contracts, providing it with very predictable cash flow. Enbridge's cash flow is so predictable that it has achieved its annual financial guidance for 20 straight years, which includes two notable oil market downturns. It has also increased its dividend for 31 consecutive years (in Canadian dollars). The pipeline company has a multi-year backlog of commercially secured expansion projects to support growing energy demand, which should grow its cash flow per share by around 5% annually starting in 2027. With a more than 5% current dividend yield and 5% annual earnings growth ahead, Enbridge can generate double-digit total operational returns (income yield plus earnings growth rate) regardless of what oil averages next year.
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Plains All American Pipeline (PAA +0.70%) is a master limited partnership (an entity that sends a Schedule K-1 Federal Tax form each year) focused on operating oil pipelines and related infrastructure. It owns over 20,000 miles of pipelines and has about 118 million barrels of liquids storage capacity. Roughly 85% of its earnings come from fee-based contracts, limiting the impact of oil price volatility on its cash flows. Plains All American Pipeline expects rising global oil demand to drive mid-single-digit earnings growth over the long term. That should give the oil pipeline company more fuel to increase its high-yielding distribution (nearly 8% current yield). That high-yielding payout will provide a solid base return in any oil price environment.
Oil pipelines will be just fine at $60 oil The oil market will shift from a severe shortage to a major supply glut over the coming year. That will likely put further downward pressure on crude prices, which I predict will hit $60 a barrel by 2027. While that will negatively affect oil producers, it won't impact oil pipeline operators such as Enbridge and Plains All American Pipeline. That makes those oil stocks worth buying now, as they'll provide investors with income and steady returns even as oil prices continue to cool.
Enbridge (ENB - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Over the past month, shares of this oil and natural gas transportation and power transmission company have returned -1.5%, compared to the Zacks S&P 500 composite's -1.4% change. During this period, the Zacks Oil and Gas - Production and Pipelines industry, which Enbridge falls in, has lost 3.9%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Revisions to Earnings EstimatesHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Enbridge is expected to post earnings of $0.44 per share for the current quarter, representing a year-over-year change of -6.4%. Over the last 30 days, the Zacks Consensus Estimate has changed -1.7%.
The consensus earnings estimate of $2.18 for the current fiscal year indicates a year-over-year change of +0.9%. This estimate has changed -0.3% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $2.39 indicates a change of +9.8% from what Enbridge is expected to report a year ago. Over the past month, the estimate has changed +0.7%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Enbridge.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue GrowthWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
For Enbridge, the consensus sales estimate for the current quarter of $11.22 billion indicates a year-over-year change of +4.4%. For the current and next fiscal years, $51.3 billion and $49.37 billion estimates indicate +10.1% and -3.8% changes, respectively.
Last Reported Results and Surprise HistoryEnbridge reported revenues of $16.3 billion in the last reported quarter, representing a year-over-year change of +26.5%. EPS of $0.71 for the same period compares with $0.72 a year ago.
Compared to the Zacks Consensus Estimate of $12.82 billion, the reported revenues represent a surprise of +27.09%. The EPS surprise was +2.9%.
Over the last four quarters, Enbridge surpassed consensus EPS estimates three times. The company topped consensus revenue estimates three times over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Enbridge is graded C on this front, indicating that it is trading at par with its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Enbridge. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
In the latest close session, Enbridge (ENB - Free Report) was down 2.17% at $54.47. The stock's performance was behind the S&P 500's daily loss of 1.22%. Meanwhile, the Dow lost 0.98%, and the Nasdaq, a tech-heavy index, lost 1.35%.
Shares of the oil and natural gas transportation and power transmission company witnessed a loss of 1.95% over the previous month, beating the performance of the Oils-Energy sector with its loss of 6.85%, and underperforming the S&P 500's gain of 1.56%.
Analysts and investors alike will be keeping a close eye on the performance of Enbridge in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.44, marking a 6.38% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $11.22 billion, reflecting a 4.41% rise from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.18 per share and a revenue of $51.3 billion, representing changes of +0.93% and +10.11%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Enbridge. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.17% upward. At present, Enbridge boasts a Zacks Rank of #3 (Hold).
Digging into valuation, Enbridge currently has a Forward P/E ratio of 25.57. This valuation marks a premium compared to its industry average Forward P/E of 18.56.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 62, finds itself in the top 26% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Enbridge is a premier North American energy infrastructure operator, expanding its pipeline and utility footprint with robust organic growth and acquisitions. ENB's EBITDA and distributable cash flow are projected to reach record highs in 2026, supporting a compelling case to buy the recent dip. Despite trading at a 14.0X EV/EBITDA ratio, ENB's 31-year track record of growing distributions and strong dividend coverage (181%) underpin its investment appeal.
Growth stocks continue leading the market higher. If you're an income investor shopping around for a new dividend-paying company, however, you might be a bit discouraged. That's because the market's relentless bullishness, which has driven the S&P 500 (^GSPC 1.44%) more than 100% higher since late 2022 (and up 16% just since late March), has also pared the index's dividend yield down to a record low of just over 1%. It suggests there are no great yields to be found anywhere.
Now dig deeper. They're out there, if you're willing to look a bit off the beaten path. A company called Enbridge (ENB +1.67%) fits the bill, with its forward-looking dividend yield of 5.1%.
Enbridge is oil-price-agnostic It's not a household name. There's a good chance, however, that your household regularly depends on the service it provides.
Enbridge owns over 18,000 miles' worth of natural gas and crude oil pipelines in the United States and Canada, moving 5.8 million barrels of oil and liquids every day. The company handles 30% of the crude drilled in North America, in fact, and 20% of the gas that the United States consumes.
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Yes, the energy business that's known for its increasingly volatile prices. Oil prices soared because of the military conflict with Iran, for instance, but are now plummeting on the International Energy Agency's call for a supply glut next year.
Here's the thing: Enbridge's business isn't built around the price of oil. It's essentially a tollbooth, charging other energy companies a fee based on the amount of natural gas and crude oil it's pushing through its pipelines. As long as North America continues consuming both, Enbridge's reliable revenue stream remains intact. This, of course, is ideal for supporting recurring dividend payments.
Image source: Getty Images.
And this demand is holding up. The United States Energy Information Administration reports the nation consumed nearly 2.78 trillion cubic feet of natural gas in March, up 1% year over year. As for crude oil, the EIA says the industry delivered 2% more of it in March of this year than it did in March of last year. This growth trend hasn't changed in the meantime, either, despite higher prices. Indeed, the U.S. Energy Information Administration predicts domestic demand for natural gas will reach record levels this year.
Now all of a sudden Enbridge's 31-year streak of annual dividend increases makes sense.
Perfect for its purpose Sure, there will come a time when the world weans itself from gas and oil in favor of more environmentally friendly renewables. That time isn't anywhere on the horizon, however. The International Energy Agency now doesn't expect the world to reach "peak oil" -- the point at which demand for crude oil stops growing and begins permanently shrinking -- until 2050, and even then we'll still need plenty of gas and oil past that point. There's good money to be made in the business in the meantime.
Even so, Enbridge is preparing for its inevitable distant future by investing in renewables like wind farms and solar power production facilities. The upside of this strategic shift is that it's got plenty of time to do it right.
The one arguable downside? There's not a lot of capital appreciation to be reaped here. Enbridge is first and foremost an income growth holding, albeit a good one.
The global economy is always adapting and evolving. As a result, companies need to remain innovative to stay ahead. Some companies have done an excellent job at keeping up with the times over the years, enabling them to grow their earnings and dividends for decades.
Enbridge (ENB +1.67%), ExxonMobil (XOM +0.91%), and NextEra Energy (NEE +0.41%) stand out for their dividend growth records. These energy companies have increased their payouts each year for more than three decades, which should continue for at least the next 10 years despite the sector's shift toward cleaner energy. That makes them ideal dividend stocks to buy and hold for the next decade.
Image source: Getty Images.
Steadily growing cleaner A decade ago, Enbridge got nearly three-quarters of its earnings from its oil and liquids pipeline segment, with the rest from lower-carbon energy (gas and renewable power). Today, more than half its earnings come from lower-carbon energy. Enbridge has invested heavily to grow its cleaner energy platforms through acquisitions and organic expansion projects.
The Canadian pipeline and utility company's shift to lower-carbon energy should continue in the coming decade. Enbridge ended the first quarter with 40 billion Canadian dollars ($28 billion) of secured growth capital projects in the backlog, which should enter service by the early 2030s. While its projects span liquids, gas, and renewables, the bulk of its spending is on cleaner energy. Meanwhile, it's pursuing about CA$50 billion ($35 billion) in additional growth capital projects, which it could approve by 2030, primarily in gas and renewables.
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These projects should support about 5% annual cash flow per share growth after this year. That will give Enbridge the fuel to continue increasing its more than 5%-yielding dividend in the coming decade. The company has now raised its payout for 31 consecutive years (in Canadian dollars).
Investing in the energy needed today and in the future ExxonMobil's current focus is on becoming an even more profitable oil and gas producer. It's investing heavily to develop its advantaged resources (lowest cost and highest margins) while also executing a multi-year structural cost-savings program. This strategy should grow its earnings capacity by $25 billion and cash flow by $35 billion by 2030, at the same margins and prices as in 2024. That's double-digit annual growth rates.
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The oil giant's plan would enable it to produce $145 billion in surplus cash during that period at $65 oil. That would give Exxon the funds to continue increasing its 3%-yielding dividend, which it has done for 43 consecutive years.
While Exxon's main focus is on producing oil and gas, the energy giant is also ramping up its investments in the energy sources we'll need in the future. It's developing carbon capture and storage, lithium, and biofuels projects. Additionally, Exxon is investing in new businesses, including Proxxima (polyolefin thermoset resin systems that outperform epoxy and polyurethane) and carbon materials. These businesses have the potential to reach $13 billion in earnings by 2040, while driving Exxon's growth for decades.
Accelerating the strategy NextEra Energy owns the country's largest electric utility and is a leading clean energy development company. It has invested heavily in renewable energy over the years, driving robust growth. NextEra has increased its nearly 3%-yielding dividend for more than 30 consecutive years, including delivering double-digit compound annual dividend growth over the last two decades.
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The company currently expects to invest between $295 billion and $325 billion in capex through 2032 to support surging U.S. power demand. That should give NextEra Energy the power to grow its adjusted earnings per share at a compound annual rate of more than 8% through 2032, with it highly likely to continue growing at that rate through at least 2035. That should support continued dividend increases, with NextEra targeting 6% compound annual growth in 2027 and 2028.
NextEra Energy recently pounced on the opportunity to accelerate its growth by agreeing to acquire Dominion Energy. The deal will create the world's largest regulated electric utility business and boost its growth rate to more than 9% annually through 2032, a rate it believes it can extend through 2035. The larger-scale company will be able to operate more efficiently, putting it in an even stronger position to capitalize on the AI power boom. As a result, it should have plenty of power to continue increasing its dividend in the decade ahead.
These dividends should continue rising in the coming decade Exxon, Enbridge, and NextEra Energy have already increased their dividends every year for decades. That upward trend should continue over the coming decade as they support the world's growing energy needs. Their combinations of higher yields and visible growth make them ideal dividend stocks to buy and hold for the next 10 years.
Most companies and industries evolve over time. They have to, in order to survive. One exception to this reality, of course, has been the energy sector. We still turn crude oil into gasoline and other fuels just as we have for decades.
The writing is on the proverbial wall, however. Although it's still many, many years down the road, the end of the oil industry as we know it is coming. That's obviously bad news for any name in the business.
One curious midstream company, however, is adapting to this change well before it arguably needs to. That's pipeline outfit Enbridge (ENB +1.72%).
Image source: Getty Images.
In with the new You may know it is a midstream company that owns and operates a network of more than 18,000 miles of natural gas and crude oil pipelines capable of moving 5.8 million barrels of liquid hydrocarbons across Canada and the United States every single day. That's huge. Indeed, Enbridge handles about 30% of the entire nation's crude oil.
Enbridge is doing something else seemingly out of character these days. Part of its portfolio of revenue-bearing assets will soon include a solar farm, a bunch of power-generating wind turbines, and more.
It's true! Although most of these projects aren't yet operational, the 600-megawatt (enough to power about 300,000 homes) Clear Fork Solar Project, currently under construction in Wilson County, Texas, is expected to go into service next year to support Facebook parent Meta Platforms' artificial intelligence data center infrastructure. In the meantime, the company's working on utility-scale wind farms in France and Texas, both of which should also become operational within the next few months. In the future, Enbridge will help Meta store energy for one of its data centers in Wyoming.
Preparing for the inevitable (even if distant) future Don't misunderstand. Solar and wind still account for a tiny amount of Enbridge's total business, and this will be the case for a while. Under its current capital allocation plan, only a little over 10% of it is earmarked for renewables.
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Still, for a company that's been strictly in the oil and gas pipeline business for decades now, this willingness and ability to pivot into completely unrelated ventures is a big deal.
These ventures will become a higher priority going forward, and perhaps sooner than you think. Goldman Sachs believes the world is still on track to reach "peak oil" -- the point in time at which consumption of crude oil finally stops growing and starts permanently declining -- in 2040. Enbridge is just wisely planning now for a change that the future is likely to force sooner than many players within the energy sector fully appreciate.
For income investors interested in this stock's sizable dividend yield, this paradigm shift into new recurring-revenue businesses will allow Enbridge to continue paying its dividend, which has been raised in each of the past 31 years.
From that perspective, Enbridge is a great income name to plug into, yielding 5.1%.
Enbridge (ENB - Free Report) ended the recent trading session at $55.74, demonstrating a +1.72% change from the preceding day's closing price. The stock outpaced the S&P 500's daily loss of 1.44%. Elsewhere, the Dow lost 0.09%, while the tech-heavy Nasdaq lost 2.22%.
Heading into today, shares of the oil and natural gas transportation and power transmission company had lost 5.58% over the past month, outpacing the Oils-Energy sector's loss of 7.14% and lagging the S&P 500's gain of 0.08%.
The investment community will be closely monitoring the performance of Enbridge in its forthcoming earnings report. The company is forecasted to report an EPS of $0.44, showcasing a 6.38% downward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $11.22 billion, up 4.41% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.18 per share and revenue of $51.3 billion. These totals would mark changes of +0.93% and +10.11%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Enbridge. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.29% lower within the past month. Enbridge currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Enbridge is currently trading at a Forward P/E ratio of 25.16. This denotes a premium relative to the industry average Forward P/E of 17.85.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 92, positioning it in the top 38% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
Strategic partnership leverages Navan’s automated platform to reduce manual friction, unlock approximately CAD $2 million in projected savings annually, and standardize global travel operations
PALO ALTO, Calif.--(BUSINESS WIRE)--Navan (NASDAQ: NAVN), the global AI-powered business travel and expense platform, today announced a partnership with Enbridge, a leading North American energy infrastructure company headquartered in Canada, to transform its travel program.
“At Enbridge, disciplined cost management and operational excellence are key to our success,” said Tracie Slone, VP & Chief Supply Chain Officer at Enbridge. “Navan helps us simplify travel, reduce manual work, and deliver a better user experience – supporting both efficiency and disciplined growth across our operations.”
The partnership is driven by four key pillars:
AI-Powered, Always-On Support: Navan combines industry-leading AI with human expertise, designed to provide reliable support 24/7. Whether through self-service, AI-powered chat, or access to designated consultants via chat or call, this will help Enbridge travelers receive a premium experience that matches their individual preferences. Self-Service & Mobile-First Experience: By enabling employees with intuitive, mobile-first tools, Navan is making day-to-day work simpler and more efficient for Enbridge. This digital-first mindset helps streamline the booking process. Expansive Inventory & NDC Capabilities: Navan provides Enbridge with direct access to comprehensive global travel content, including NDC capabilities. This ensures travelers will see more options and better prices, driving program compliance and helping to maximize the value of every dollar spent. Meaningful Cost Savings: The transition to Navan is projected to unlock an estimated CAD $2 million in projected savings annually, by optimizing hotel spend, and shifting air bookings online. “Success is built on the ability to execute consistently at every level,” said Michael Sindicich, President of Navan. “To help fuel Enbridge’s mission for the next 75 years, we are delivering the tighter spend controls and predictable growth they require. By providing modern tools and broader inventory that free up employee time, we give leadership the visibility and control needed to ensure the entire organization remains laser-focused on the future of energy.”
Enbridge joins a growing list of enterprise organizations switching to Navan, including industry leaders from across Canada such as PCL Construction. This momentum is underscored by Navan’s recent ranking as the No. 1 Travel Management Software in Canada in the G2 Spring 2026 Rankings.
About Navan
Navan (NASDAQ: NAVN) is the global AI-powered business travel and expense platform that makes travel easy for frequent travelers. From finding flights and hotels, to automating expense reconciliation, with 24/7 support along the way, Navan delivers an intuitive experience travelers love and finance teams rely on. See how Navan customers benefit and learn more at navan.com.
Forward-Looking Statements
All statements in this press release other than statements of historical fact could be deemed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are often identified by words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “project,” “will,” or similar expressions. Such statements include statements regarding Navan’s future product offerings and are subject to risks, uncertainties and other factors that may cause actual results to be materially different from any future results expressed or implied by the forward-looking statements. These risks and other factors include the risks described under the caption “Risk Factors” in Navan’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (“SEC”) on June 11, 2026 and in other reports Navan files from time to time with the SEC. Except as required by law, Navan undertakes no obligation, and does not intend, to update these forward-looking statements.
Enbridge (NYSE:ENB | ENB Price Prediction) is trading within striking distance of its 52-week high, and the question for investors is whether the rally has more room to run. Shares closed at $55.94 on June 15, 2026, just 11% below the 52-week high of $58.45.
Our 24/7 Wall St. price target for Enbridge is $70.51, implying 26.04% upside over the next 12 months. Our model rates ENB a buy with high confidence.
24/7 Wall St. Price Target Summary Metric Value Current Price $55.94 24/7 Wall St. Price Target $70.51 Upside 26.04% Recommendation BUY Confidence Level 90% A Quiet Rally Built on Record Cash Flow ENB has gained 20.09% year to date and 26.61% over the past year, outpacing typical midstream peers.
The Q1 2026 report, released May 8, 2026, delivered adjusted EPS of $0.98, adjusted EBITDA of $5.81 billion, and distributable cash flow of $3.85 billion. Mainline volumes ran at 3.2 million barrels per day and have been apportioned all year. Recent news flow reinforces the thesis: RBC Capital raised its target to C$79 and Scotiabank moved to C$78, both Outperform.
The Case for $78+ Bulls have an easy story to tell. Enbridge is advancing over 50 data center opportunities needing up to 10 Bcf/d of new gas takeaway. The Meta partnership now spans over 1 GW of combined power, with the $1.2 billion Cowboy Project in Wyoming adding 365 MW of solar and 200 MW of battery storage.
The secured backlog stands at C$40 billion with unsanctioned opportunities of C$50 billion. Our bull case scenario points to $78.29, a 39.96% total return. With 31 consecutive years of dividend hikes and a 6.9% yield, income investors get paid to wait.
What Could Go Wrong Leverage is the biggest watch item. Debt-to-EBITDA sits at 5.0x, the top of the 4.5x-5.0x target range. CAD/USD translation, regulatory delays on projects like the Line 5 Wisconsin reroute, and community opposition to Project Beacon in New York add execution risk.
TD Bank maintains a Hold, and a Seeking Alpha analyst flagged concerns about acquisition-driven earnings quality. The bear scenario lands at $60.51, still 8.17% above current levels. The GAAP earnings decline largely reflects non-cash derivative losses, while distributable cash flow rose to $3.85 billion.
Enbridge Price Prediction 2026-2030 Our 24/7 Wall St. price target of $70.51 implies meaningful upside, and our model carries a buy rating with 90% confidence. The tipping factor is the take-or-pay commercial framework feeding a 20-year guidance track record.
The setup favors investors seeking defensive yield with AI infrastructure exposure. The thesis weakens if leverage climbs meaningfully above 5.0x or if the Mainline tolling settlement compresses margins more than expected.
Looking further ahead, here is where our model projects ENB could trade, assuming 5% post-2026 CAGR on EBITDA, EPS, and DCF per share holds.
Year 24/7 Wall St. Price Target 2026 $70.51 2027 $78 2028 $87 2029 $97 2030 $110 These projections assume Enbridge continues converting backlog into in-service assets on schedule. Significant upside could come from accelerated data center buildout, while regulatory setbacks or a sustained equity issuance program would pressure the trajectory.
, /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge) and its wholly owned subsidiary Enbridge Pipelines Inc. (EPI) today announced the completion of the previously announced transaction to exchange all outstanding series of EPI's medium term notes debentures (EPI Notes) for an equal principal amount of newly issued medium term notes of Enbridge, having financial terms that are the same as the financial terms of the EPI Notes (the Note Exchange Transaction).
The completion of the Note Exchange Transaction gives EPI the flexibility to operate its business, while also delivering a range of operational, structural and capital markets benefits to EPI, Enbridge and the former EPI Noteholders.
BMO Nesbitt Burns Inc. acted as the Solicitation Agent for the Note Exchange Transaction, Computershare Investor Services Inc. acted as the Tabulation Agent and Sodali & Co. acted as the Information Agent.
FORWARD-LOOKING STATEMENTS
Forward-looking information, or forward-looking statements, has been included in this news release to provide information about Enbridge and EPI, including statements with respect to the Note Exchange Transaction giving EPI the flexibility to operate its business and the range of operational, structural and capital markets benefits to EPI, Enbridge and the former EPI Noteholders from the Note Exchange Transaction. This information may not be appropriate for other purposes. Although Enbridge and EPI believe that these forward-looking statements are reasonable based on the information available on the date such statements are made and processes used to prepare the information, such statements are not guarantees of future performance and readers are cautioned against placing undue reliance on forward-looking statements. By their nature, these statements involve a variety of assumptions, known and unknown risks and uncertainties and other factors, which may cause actual result, levels of activity and achievements to differ materially from those expressed or implied by such statements. Material assumptions include assumptions about the business and financial strength of Enbridge and EPI.
The forward-looking statements contained herein are subject to risks and uncertainties. The impact of any one risk, uncertainty or factor on a particular forward-looking statement is not determinable with certainty as these are interdependent and Enbridge's and EPI's future course of action depends on management's assessment of all information available at the relevant time. Except to the extent required by applicable law, Enbridge and EPI assume no obligation to publicly update or revise any forward-looking statements made in this news release or otherwise, whether as a result of new information, future events or otherwise. All subsequent forward-looking statements, whether written or oral, attributable to Enbridge, EPI or persons acting on their behalf, are expressly qualified in their entirety by these cautionary statements.
About Enbridge Inc.
At Enbridge, we safely connect millions of people to the energy they rely on every day, fueling quality of life through our North American natural gas, oil and renewable power networks and our growing European offshore wind portfolio. We're investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on more than a century of operating conventional energy infrastructure and two decades of experience in renewable power. We're advancing new technologies including hydrogen, renewable natural gas, and carbon capture and storage. Headquartered in Calgary, Alberta, Enbridge's common shares trade under the symbol ENB on the Toronto (TSX) and New York (NYSE) stock exchanges. To learn more, visit us at enbridge.com.
None of the information contained in, or connected to, Enbridge's website is incorporated in or otherwise forms part of this news release.
About Enbridge Pipelines Inc.
EPI is primarily a transporter of western Canadian and United States crude oil, refined petroleum products and natural gas liquids. Its Canadian Mainline System transports crude oil from western Canada to the Midwest region of the United States and eastern Canada and serves all of the major refining centers in Ontario. EPI also operates the Southern Lights Canada Pipeline, which transports diluent from the Canada/United States border to western Canada, and holds investments in renewable and alternative power generation assets.
My portfolio is chock-full of dividend stocks. Many of them offer high yields. By the way, I consider a yield as high if it's more than two times greater than the yield of the S&P 500 (^GSPC +0.50%). This approach works better for me than going with a fixed percentage.
What are my top high-yield dividend stocks to buy now? Here's why Enbridge (ENB +0.05%), Enterprise Products Partners (EPD 0.08%), and Verizon Communications (VZ +2.49%) stand out.
Image source: Getty Images.
1. Enbridge Enbridge pays a forward dividend yield of 4.9%, almost five times higher than the S&P 500's yield. In addition to this juicy yield, the company has increased its dividend for an impressive 31 consecutive years. Its distributable cash flow payout ratio of between 60% and 70% is also healthy.
Great dividends are the byproduct of great underlying businesses. Enbridge is a leader in the midstream energy industry. It operates the world's oil and liquids pipeline network, serving more than 75% of North American refineries. The company's pipelines also transport around 20% of all natural gas consumed in North America.
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But Enbridge isn't only a pipeline stock. It ranks as the largest natural gas utility in North America by volume. The company has also expanded its renewable energy operations and now provides renewable power to top customers, including AT&T (T +2.52%), Meta Platforms (META 0.14%), and Toyota (TM +0.00%).
Enbridge has clear visibility into growth through the end of the decade. North American liquid natural gas (LNG) demand is expected to increase to over 30 billion cubic feet per day by 2030, while gas demand is projected to increase to roughly 28 billion cubic feet per day. Management has identified around $50 billion of growth opportunities over the next four years to meet this rising demand.
2. Enterprise Products Partners Enterprise Products Partners offers an even higher distribution yield of 5.6%. The limited partnership (LP) has increased its distribution for 27 consecutive years. It appears to be in great shape to keep the streak going, with a payout ratio of 57% based on adjusted cash flow from operations.
Like Enbridge, Enterprise Products Partners is a key player in the North American midstream energy market. It operates over 50,000 miles of pipeline that transport natural gas liquids (NGLs), crude oil, natural gas, petrochemicals, and other refined products.
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I really like the LP's stability and financial strength. Enterprise Products Partners' solid balance sheet earned it the highest credit rating in the midstream industry. The company has generated steady cash flow over the last 20 years, even during challenging periods such as the 2008 to 2009 financial crisis and the COVID-19 pandemic.
Enterprise's growth prospects look good, too. Data centers running artificial intelligence (AI) applications are providing a tailwind for natural gas in the U.S. The demand for LNG in Asia and Europe is expected to grow by around 30% by 2030.
3. Verizon Communications Verizon Communications currently pays a forward dividend yield of 5.9%. The company has increased its dividend for 19 consecutive years. Its dividend payout ratio is a comfortable 67%.
Of these three high-yield dividend stocks, Verizon is probably the most familiar to investors. Verizon ranks as the world's sixth-largest communications services company by market cap. It provides broadband and wireless services to millions of consumers and businesses.
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I'm confident that Verizon can continue to pay its juicy dividends. Why? The company is generating strong and growing free cash flow. Verizon expects free cash flow of $21.5 billion in full-year 2026, up 7% year over year and reflecting the highest level since 2020.
I also think that Verizon's wireless services will enjoy strong demand for years to come. By 2030, 6G networks should be widely available throughout much of the U.S. I predict an explosion in new capabilities that will directly benefit Verizon.
Keith Speights has positions in Enbridge, Enterprise Products Partners, Meta Platforms, and Verizon Communications. The Motley Fool has positions in and recommends Enbridge and Meta Platforms. The Motley Fool recommends Enterprise Products Partners and Verizon Communications. The Motley Fool has a disclosure policy.
, /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge) and its wholly owned subsidiary Enbridge Pipelines Inc. (EPI) today announced that they are seeking the approval of the holders (EPI Noteholders) of all outstanding series of EPI's medium term note debentures listed below (EPI Notes) to exchange all outstanding EPI Notes for an equal principal amount of newly issued medium term notes of Enbridge (Enbridge Notes), having financial terms that are the same as the financial terms of the EPI Notes (the Note Exchange Transaction). The Enbridge Notes will be governed by Enbridge's existing medium term note trust indenture dated as of October 20, 1997, as amended and supplemented, which governs Enbridge's other senior Canadian dollar unsecured debt securities.
The Note Exchange Transaction is being proposed to give EPI flexibility to operate its business , while also delivering a range of operational, structural and capital markets benefits to EPI, Enbridge and the EPI Noteholders. Please see EPI's management information circular and consent solicitation statement dated May 25, 2026 (the Circular) for additional information regarding the Note Exchange Transaction, including the rationale for the Note Exchange Transaction.
EPI is soliciting consents and proxies from EPI Noteholders, as a single class, to pass an extraordinary resolution to approve the Note Exchange Transaction (the Note Exchange Resolution).
The deadline for the submission of written consents is 5:00 p.m. (Toronto time) on June 10, 2026, unless extended by EPI in its sole discretion (the Consent Deadline).
The deadline for deposit of proxies for the Meeting (as defined below), if held, is 12:00 p.m. (Toronto time) on June 23, 2026, unless the Meeting is adjourned or postponed (the Proxy Deadline).
If EPI Noteholders holding not less than 75% of the aggregate principal amount of the EPI Notes deliver valid written consents in favor of the Note Exchange Resolution by the Consent Deadline, the Note Exchange Resolution will be passed by written consent and the meeting of EPI Noteholders scheduled for 10:00 a.m. (Calgary time) / 12:00 p.m. (Toronto time) on June 25, 2026, to be held in Calgary, Alberta, to approve the Note Exchange Resolution (the Meeting) will be cancelled.
The following EPI Notes will be eligible to participate in the Note Exchange Transaction:
Coupon
Maturity Date
CUSIP
Amendment Review Fee
(per $1,000 principal amount of EPI Notes)
6.55 %
NOVEMBER 17, 2027
46065ZAE7
$1.50
6.05 %
FEBRUARY 12, 2029
29250ZAC2
$1.50
3.52 %
FEBRUARY 22, 2029
29250ZAX6
$1.50
6.50 %
JUNE 11, 2029
29250ZAD0
$1.50
2.82 %
MAY 12, 2031
29250ZAZ1
$3.50
5.08 %
DECEMBER 19, 2036
29250ZAG3
$3.50
5.35 %
NOVEMBER 10, 2039
29250ZAJ7
$3.50
5.33 %
APRIL 6, 2040
29250ZAM0
$3.50
4.55 %
AUGUST 17, 2043
29250ZAR9
$5.00
4.55 %
SEPTEMBER 29, 2045
29250ZAU2
$5.00
4.13 %
AUGUST 9, 2046
29250ZAW8
$5.00
4.33 %
FEBRUARY 22, 2049
29250ZAY4
$5.00
4.20 %
MAY 12, 2051
29250ZBA5
$5.00
5.82 %
AUGUST 17, 2053
29250ZBB3
$5.00
The record date for determining the EPI Noteholders entitled to vote on the Note Exchange Transaction has been set as the close of business (Toronto time) on May 20, 2026.
If the Note Exchange Resolution is approved via written consent or at the Meeting, EPI Noteholders that have validly provided their written consent and proxy by the applicable deadline will receive the applicable amendment review fees (Amendment Review Fees) as noted in the table above and described in the Circular. No amendment review fee will be payable to EPI Noteholders unless the Note Exchange Resolution is approved.
EPI reserves the right to extend or modify the Consent Deadline at any time in its sole discretion. In the event that the Consent Deadline is extended and the required 75% approval threshold for the Note Exchange Resolution is achieved prior to the Proxy Deadline, EPI will cancel the Meeting. In such circumstances, EPI Noteholders may have minimal notice that the Meeting has been cancelled. Accordingly, EPI Noteholders should submit elections with respect to the Note Exchange Resolution as soon as possible, and prior to the Consent Deadline of 5:00 p.m. (Toronto time) on June 10, 2026, to be assured of their entitlement to Amendment Review Fees.
BMO Nesbitt Burns Inc. (BMO Capital Markets) is the Solicitation Agent for the Note Exchange Transaction, Computershare Investor Services Inc. is retained as the Tabulation Agent and Sodali & Co. is retained as the Information Agent.
Copies of the Circular and any other proxy and consent solicitation materials may be obtained free of charge upon request made to the Information Agent by calling toll free in North America at 1-833-830-9927 (1-289-695-3075 by collect call) or by email at [email protected]. They may also be accessed electronically on EPI's profile on SEDAR+ at www.sedarplus.com and by written request to 200, 425 – 1st Street S.W., Calgary, Alberta, T2P 3L8, Attn: Investor Relations, or by sending an email to [email protected].
Questions concerning the Meeting and the Note Exchange Transaction should be directed to BMO Capital Markets by telephone at 1-416-359-6359 or toll-free at 1-833-418-0762 or by email at [email protected].
NOTICE TO EPI NOTEHOLDERS IN THE UNITED STATES
The Enbridge Notes to be issued in connection with the Note Exchange Transaction have not been registered under the U.S. Securities Act of 1933, as amended (the U.S. Securities Act) and are being issued pursuant to an exemption from the registration requirements of the U.S. Securities Act provided by Rule 802 thereunder.
The Note Exchange Transaction described in this press release is made for the securities of a Canadian corporation. The Note Exchange Transaction is subject to the disclosure requirements of Canada, and EPI Noteholders in the United States (U.S. EPI Noteholders) should be aware that the foregoing disclosure requirements are different from those of the United States.
It may be difficult for U.S. EPI Noteholders to enforce their rights and any claims U.S. EPI Noteholders may have arising under U.S. federal securities laws, since EPI and Enbridge are located in Canada, and many of their officers and directors are residents of Canada. U.S. EPI Noteholders may not be able to sue a Canadian corporation or its officers or directors in a Canadian court for violations of U.S. securities laws. It may be difficult to compel a Canadian corporation and its affiliates to subject themselves to a U.S. court's judgment.
U.S. EPI Noteholders should be aware that, prior to the consummation of the Note Exchange Transaction, EPI, Enbridge or their respective affiliates, directly or indirectly, may bid for or make purchases of EPI Notes or certain related securities, as permitted by applicable laws and regulations of the United States or Canada or its provinces or territories.
FORWARD-LOOKING STATEMENTS
Forward-looking information, or forward-looking statements, has been included in this news release to provide information about Enbridge and EPI, including statements with respect to: the date and timing of the Meeting, the approval by EPI Noteholders of the Note Exchange Resolution, the completion of the Note Exchange Transaction, the terms of the Enbridge Notes to be issued to EPI Noteholders in exchange for their EPI Notes, the amendment review fees to be paid to EPI Noteholders if the Note Exchange Resolution is approved and the Note Exchange Transaction is completed, and the pursuit or implementation of any transactions or other activities by EPI. This information may not be appropriate for other purposes. Although Enbridge and EPI believe that these forward-looking statements are reasonable based on the information available on the date such statements are made and processes used to prepare the information, such statements are not guarantees of future performance and readers are cautioned against placing undue reliance on forward-looking statements. By their nature, these statements involve a variety of assumptions, known and unknown risks and uncertainties and other factors, which may cause actual result, levels of activity and achievements to differ materially from those expressed or implied by such statements. Material assumptions include assumptions about the approval of the Note Exchange Resolution, the completion of the Note Exchange Transaction and the business and financial strength of Enbridge and EPI.
The forward-looking statements contained herein are subject to risks and uncertainties pertaining to the approval of the Note Exchange Resolution and the completion of the Note Exchange Transaction. The impact of any one risk, uncertainty or factor on a particular forward-looking statement is not determinable with certainty as these are interdependent and Enbridge's and EPI's future course of action depends on management's assessment of all information available at the relevant time. Except to the extent required by applicable law, Enbridge and EPI assume no obligation to publicly update or revise any forward-looking statements made in this news release or otherwise, whether as a result of new information, future events or otherwise. All subsequent forward-looking statements, whether written or oral, attributable to Enbridge, EPI or persons acting on their behalf, are expressly qualified in their entirety by these cautionary statements.
About Enbridge Inc.
At Enbridge, we safely connect millions of people to the energy they rely on every day, fueling quality of life through our North American natural gas, oil and renewable power networks and our growing European offshore wind portfolio. We're investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on more than a century of operating conventional energy infrastructure and two decades of experience in renewable power. We're advancing new technologies including hydrogen, renewable natural gas, and carbon capture and storage. Headquartered in Calgary, Alberta, Enbridge's common shares trade under the symbol ENB on the Toronto (TSX) and New York (NYSE) stock exchanges. To learn more, visit us at enbridge.com.
None of the information contained in, or connected to, Enbridge's website is incorporated in or otherwise forms part of this news release.
About Enbridge Pipelines Inc.
EPI is primarily a transporter of western Canadian and United States crude oil, refined petroleum products and natural gas liquids. Its Canadian Mainline System transports crude oil from western Canada to the Midwest region of the United States and eastern Canada and serves all of the major refining centers in Ontario. EPI also operates the Southern Lights Canada Pipeline, which transports diluent from the Canada/United States border to western Canada, and holds investments in renewable and alternative power generation assets.
, /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge) and its wholly owned subsidiary Enbridge Pipelines Inc. (EPI) today announced that they are seeking the approval of the holders (EPI Noteholders) of all outstanding series of EPI's medium term note debentures listed below (EPI Notes) to exchange all outstanding EPI Notes for an equal principal amount of newly issued medium term notes of Enbridge (Enbridge Notes), having financial terms that are the same as the financial terms of the EPI Notes (the Note Exchange Transaction). The Enbridge Notes will be governed by Enbridge's existing medium term note trust indenture dated as of October 20, 1997, as amended and supplemented, which governs Enbridge's other senior Canadian dollar unsecured debt securities.
The Note Exchange Transaction is being proposed to give EPI flexibility to operate its business , while also delivering a range of operational, structural and capital markets benefits to EPI, Enbridge and the EPI Noteholders. Please see EPI's management information circular and consent solicitation statement dated May 25, 2026 (the Circular) for additional information regarding the Note Exchange Transaction, including the rationale for the Note Exchange Transaction.
EPI is soliciting consents and proxies from EPI Noteholders, as a single class, to pass an extraordinary resolution to approve the Note Exchange Transaction (the Note Exchange Resolution).
The deadline for the submission of written consents is 5:00 p.m. (Toronto time) on June 10, 2026, unless extended by EPI in its sole discretion (the Consent Deadline).
The deadline for deposit of proxies for the Meeting (as defined below), if held, is 12:00 p.m. (Toronto time) on June 23, 2026, unless the Meeting is adjourned or postponed (the Proxy Deadline).
If EPI Noteholders holding not less than 75% of the aggregate principal amount of the EPI Notes deliver valid written consents in favor of the Note Exchange Resolution by the Consent Deadline, the Note Exchange Resolution will be passed by written consent and the meeting of EPI Noteholders scheduled for 10:00 a.m. (Calgary time) / 12:00 p.m. (Toronto time) on June 25, 2026, to be held in Calgary, Alberta, to approve the Note Exchange Resolution (the Meeting) will be cancelled.
The following EPI Notes will be eligible to participate in the Note Exchange Transaction:
Coupon
Maturity Date
CUSIP
Amendment Review Fee
(per $1,000 principal amount of EPI Notes)
6.55 %
NOVEMBER 17, 2027
46065ZAE7
$1.50
6.05 %
FEBRUARY 12, 2029
29250ZAC2
$1.50
3.52 %
FEBRUARY 22, 2029
29250ZAX6
$1.50
6.50 %
JUNE 11, 2029
29250ZAD0
$1.50
2.82 %
MAY 12, 2031
29250ZAZ1
$3.50
5.08 %
DECEMBER 19, 2036
29250ZAG3
$3.50
5.35 %
NOVEMBER 10, 2039
29250ZAJ7
$3.50
5.33 %
APRIL 6, 2040
29250ZAM0
$3.50
4.55 %
AUGUST 17, 2043
29250ZAR9
$5.00
4.55 %
SEPTEMBER 29, 2045
29250ZAU2
$5.00
4.13 %
AUGUST 9, 2046
29250ZAW8
$5.00
4.33 %
FEBRUARY 22, 2049
29250ZAY4
$5.00
4.20 %
MAY 12, 2051
29250ZBA5
$5.00
5.82 %
AUGUST 17, 2053
29250ZBB3
$5.00
The record date for determining the EPI Noteholders entitled to vote on the Note Exchange Transaction has been set as the close of business (Toronto time) on May 20, 2026.
If the Note Exchange Resolution is approved via written consent or at the Meeting, EPI Noteholders that have validly provided their written consent and proxy by the applicable deadline will receive the applicable amendment review fees (Amendment Review Fees) as noted in the table above and described in the Circular. No amendment review fee will be payable to EPI Noteholders unless the Note Exchange Resolution is approved.
EPI reserves the right to extend or modify the Consent Deadline at any time in its sole discretion. In the event that the Consent Deadline is extended and the required 75% approval threshold for the Note Exchange Resolution is achieved prior to the Proxy Deadline, EPI will cancel the Meeting. In such circumstances, EPI Noteholders may have minimal notice that the Meeting has been cancelled. Accordingly, EPI Noteholders should submit elections with respect to the Note Exchange Resolution as soon as possible, and prior to the Consent Deadline of 5:00 p.m. (Toronto time) on June 10, 2026, to be assured of their entitlement to Amendment Review Fees.
BMO Nesbitt Burns Inc. (BMO Capital Markets) is the Solicitation Agent for the Note Exchange Transaction, Computershare Investor Services Inc. is retained as the Tabulation Agent and Sodali & Co. is retained as the Information Agent.
Copies of the Circular and any other proxy and consent solicitation materials may be obtained free of charge upon request made to the Information Agent by calling toll free in North America at 1-833-830-9927 (1-289-695-3075 by collect call) or by email at [email protected]. They may also be accessed electronically on EPI's profile on SEDAR+ at www.sedarplus.com and by written request to 200, 425 – 1st Street S.W., Calgary, Alberta, T2P 3L8, Attn: Investor Relations, or by sending an email to [email protected].
Questions concerning the Meeting and the Note Exchange Transaction should be directed to BMO Capital Markets by telephone at 1-416-359-6359 or toll-free at 1-833-418-0762 or by email at [email protected].
NOTICE TO EPI NOTEHOLDERS IN THE UNITED STATES
The Enbridge Notes to be issued in connection with the Note Exchange Transaction have not been registered under the U.S. Securities Act of 1933, as amended (the U.S. Securities Act) and are being issued pursuant to an exemption from the registration requirements of the U.S. Securities Act provided by Rule 802 thereunder.
The Note Exchange Transaction described in this press release is made for the securities of a Canadian corporation. The Note Exchange Transaction is subject to the disclosure requirements of Canada, and EPI Noteholders in the United States (U.S. EPI Noteholders) should be aware that the foregoing disclosure requirements are different from those of the United States.
It may be difficult for U.S. EPI Noteholders to enforce their rights and any claims U.S. EPI Noteholders may have arising under U.S. federal securities laws, since EPI and Enbridge are located in Canada, and many of their officers and directors are residents of Canada. U.S. EPI Noteholders may not be able to sue a Canadian corporation or its officers or directors in a Canadian court for violations of U.S. securities laws. It may be difficult to compel a Canadian corporation and its affiliates to subject themselves to a U.S. court's judgment.
U.S. EPI Noteholders should be aware that, prior to the consummation of the Note Exchange Transaction, EPI, Enbridge or their respective affiliates, directly or indirectly, may bid for or make purchases of EPI Notes or certain related securities, as permitted by applicable laws and regulations of the United States or Canada or its provinces or territories.
FORWARD-LOOKING STATEMENTS
Forward-looking information, or forward-looking statements, has been included in this news release to provide information about Enbridge and EPI, including statements with respect to: the date and timing of the Meeting, the approval by EPI Noteholders of the Note Exchange Resolution, the completion of the Note Exchange Transaction, the terms of the Enbridge Notes to be issued to EPI Noteholders in exchange for their EPI Notes, the amendment review fees to be paid to EPI Noteholders if the Note Exchange Resolution is approved and the Note Exchange Transaction is completed, and the pursuit or implementation of any transactions or other activities by EPI. This information may not be appropriate for other purposes. Although Enbridge and EPI believe that these forward-looking statements are reasonable based on the information available on the date such statements are made and processes used to prepare the information, such statements are not guarantees of future performance and readers are cautioned against placing undue reliance on forward-looking statements. By their nature, these statements involve a variety of assumptions, known and unknown risks and uncertainties and other factors, which may cause actual result, levels of activity and achievements to differ materially from those expressed or implied by such statements. Material assumptions include assumptions about the approval of the Note Exchange Resolution, the completion of the Note Exchange Transaction and the business and financial strength of Enbridge and EPI.
The forward-looking statements contained herein are subject to risks and uncertainties pertaining to the approval of the Note Exchange Resolution and the completion of the Note Exchange Transaction. The impact of any one risk, uncertainty or factor on a particular forward-looking statement is not determinable with certainty as these are interdependent and Enbridge's and EPI's future course of action depends on management's assessment of all information available at the relevant time. Except to the extent required by applicable law, Enbridge and EPI assume no obligation to publicly update or revise any forward-looking statements made in this news release or otherwise, whether as a result of new information, future events or otherwise. All subsequent forward-looking statements, whether written or oral, attributable to Enbridge, EPI or persons acting on their behalf, are expressly qualified in their entirety by these cautionary statements.
About Enbridge Inc.
At Enbridge, we safely connect millions of people to the energy they rely on every day, fueling quality of life through our North American natural gas, oil and renewable power networks and our growing European offshore wind portfolio. We're investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on more than a century of operating conventional energy infrastructure and two decades of experience in renewable power. We're advancing new technologies including hydrogen, renewable natural gas, and carbon capture and storage. Headquartered in Calgary, Alberta, Enbridge's common shares trade under the symbol ENB on the Toronto (TSX) and New York (NYSE) stock exchanges. To learn more, visit us at enbridge.com.
None of the information contained in, or connected to, Enbridge's website is incorporated in or otherwise forms part of this news release.
About Enbridge Pipelines Inc.
EPI is primarily a transporter of western Canadian and United States crude oil, refined petroleum products and natural gas liquids. Its Canadian Mainline System transports crude oil from western Canada to the Midwest region of the United States and eastern Canada and serves all of the major refining centers in Ontario. EPI also operates the Southern Lights Canada Pipeline, which transports diluent from the Canada/United States border to western Canada, and holds investments in renewable and alternative power generation assets.
The data center and artificial intelligence (AI) boom has profoundly shifted the growth trajectory for midstream energy companies. AI data centers require immense, uninterrupted power, and tech hyperscalers are increasingly turning to natural gas to guarantee 24/7 reliability where the electrical grid is constrained.
Enterprise Products Partners (EPD 0.08%), Enbridge (ENB +0.05%), and Energy Transfer (ET +1.65%) are benefiting from this trend and all three of these energy stocks are up at least 19% so far this year.
Image source: Getty Images.
Great dividend yields All three have high-yield dividends that yield more than four times that of the average S&P 500 dividend. Enterprise Products Partners has increased its dividend for 28 consecutive years, including a 2.8% raise this year to $0.55 per quarterly share. The yield, at its current share price, is around 5.58%. It is covered 1.8x by its distributable cash flow (DCF), leaving room for continued increases.
In December, Enbridge raised its quarterly dividend by 3% to 0.97 Canadian dollars per share, the 31st consecutive year of increases. The yield, at its current share price, is 4.87%. The company is forecasting yearly DCF of $5.30 to $6.10, meaning that the DCF payout ratio will be between 60% and 70%.
Energy Transfer has the highest-yielding dividend of the trio, at around 6.6% at its current share price. It has raised its dividend for 18 consecutive quarters since a difficult 50% distribution cut in late 2020. In April, it raised its quarterly distribution by more than 3% to $0.3375.
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Steady growth in DCF and volumes Over the past decade, all three stocks have seen triple-digit increases in revenue and earnings per share (EPS). While that growth wasn't consistent across all three companies in the first quarter of 2026, they all posted positive earnings reports.
In the first quarter, Enterprise Products Partners reported adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $2.7 billion, up 10% year over year, led by record natural gas liquids (NGL) volumes. DCF was $2.7 billion, up 34.5% over the same quarter a year ago.
Enbridge saw DCF rise by 1% year over year in the first quarter to CA$3.9 billion, even though its adjusted EBITDA fell .003% to CA$5.81 billion.
In the first quarter, Energy Transfer reported revenue of $27.7 billion, up 32% year over year, and DCF of $2.7 billion, up 16.8% over the first quarter of 2025. That was mainly due to record NGL and refined products terminal volumes, which increased by 19%.
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Solid protection from commodity price swings The defining feature of all three operators is their toll-road financial model. They do not make money based on oil or natural gas prices, but rather on the volume passing through their pipes. Between 85% and 98% of their combined cash flows are derived from long-term, fee-based, or cost-of-service contracts.
Their contracts are heavily insulated against inflation with long-term agreements that feature built-in escalation provisions linked to inflation indexes. This structure generates a highly predictable DCF.
Enterprise Products Partners and Energy Transfer had distribution coverage ratios of roughly 1.7 to 1.8, meaning they generate nearly double the cash required to pay out their hefty dividends, leaving billions in free cash flow to fund new growth projects (such as powering AI data centers) without taking on dangerous debt. Enbridge has even more leeway. It maintains a 60% to 70% DCF payout ratio target rather than reporting a traditional coverage multiple. Inverting this target yields a structural coverage ratio equivalent of roughly 1.43 to 1.67.
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One risk: Falling oil prices If oil prices were to plummet, midstream operators would be adversely affected because upstream operators (the companies that produce oil by drilling) would slow production, which in turn would hurt pipeline volumes. However, the longer the Strait of Hormuz sees slowed traffic, the higher oil prices are expected to remain.
When crude oil prices are high, upstream producers generate massive profits. This incentivizes them to maximize production, drill their top-tier inventory, and greenlight new projects. Because midstream operators make their money on throughput (the physical volume of oil, gas, and natural gas liquids moving through their pipes), more drilling directly translates to higher utilization rates and rising revenue.
One stock stands out Of the three, Energy Transfer stands out as the best buy right now. By several valuation measures, it is the best-priced of the three. On top of that, it has the best dividend yield and double-digit revenue and DCF growth as of the last quarter.
While Enterprise Partners and Enbridge are focused on wrapping up existing capital cycles and maintaining steady, conservative growth, Energy Transfer is leaning more heavily into an aggressive expansion phase designed to capture the AI data center boom. While that presents risks, it appears to be at the beginning of a growth cycle that makes it a good buy right now.
The global oil market is a complex web of businesses and assets, including the amount of oil that is available. Global oil reserves are at an 11-year low, by some estimates. That safety cushion is being eroded further each day the geopolitical conflict in the Middle East continues. Worse, it could take months for the oil market to return to normal after the conflict ends. With so much uncertainty, investors may want to err on the side of caution with these reliable dividend stocks.
The problem with investing in oil stocks today Oil industry insiders keep warning Wall Street that the impact of the Middle East conflict isn't being fully reflected in oil prices. That's the issue highlighted by the 11-year low in energy reserves. Investors don't seem to be taking notice, as oil prices rise and fall in response to news about the geopolitical conflict.
Image source: Getty Images.
It is possible that industry fundamentals will eventually grab center stage, pushing oil prices higher. But it is equally possible that the conflict remains the driving force, with an end to the conflict pushing oil prices lower. There's just no way to know, because investors are highly emotional creatures. So long-term investors who want exposure to the energy sector should probably tread with caution.
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Buy the middlemen Enterprise Products Partners (EPD 0.08%) and Enbridge (ENB +0.05%) have both increased their dividends annually for decades. They offer yields of 5.5% and 4.8%, respectively. But the best part of the story is that oil prices aren't really that important to their financial results. Demand for oil, which is usually strong through the entire energy cycle, is what really drives performance.
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Enterprise and Enbridge are toll takers, helping to move oil and natural gas around the world. They charge fees for the use of their energy infrastructure assets, such as pipelines, resulting in highly reliable cash flows regardless of oil prices. Those cash flows are what back the lofty dividends these businesses pay. If you buy these two midstream giants, you can focus on your dividend checks and ignore the volatile and unpredictable swings in oil prices.
Enterprise and Enbridge: A good location is another plus Another bonus with Enterprise and Enbridge is that they operate in North America, far away from the Middle East conflict. So their operations aren't being impacted. Or at least not negatively impacted, since the conflict could cause some countries to rethink energy security and start buying more oil from the United States and Canada. And that would likely lead to more business for Enterprise and Enbridge over the long term, increasing the desirability of these boring, high-yield energy plays.
Reuben Gregg Brewer has positions in Enbridge. The Motley Fool has positions in and recommends Enbridge. The Motley Fool recommends Enterprise Products Partners. The Motley Fool has a disclosure policy.
Company celebrates a quarter century of sustainability reporting
, /PRNewswire/ - Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) today released its 2025 Sustainability Report, marking 25 years of sustainability reporting.
"For the past 25 years, Enbridge has consistently provided updates to our stakeholders on operational and personal safety, efforts to mitigate and avoid environmental impacts, support for our people and communities, and overall corporate governance," said Pete Sheffield, Enbridge's Chief Sustainability Officer. "This year's report reflects both our continued progress and the work that remains."
The 2025 report provides enhanced disclosure on key sustainability topics including energy access, reliability and affordability, greenhouse gas (GHG) emissions reduction, safety performance and community and Indigenous engagement. It reflects Enbridge's "all-of-the-above" approach to the energy evolution, balancing the reliable delivery of conventional energy with investments in lower-carbon technologies.
In a companion podcast released alongside the report, Susan Cunningham, Chair of the Board's Sustainability Committee, highlights the role of consistent reporting in building transparency and trust. "A commitment to long-term, consistent reporting across a broad range of sustain-ability topics supports the Company's long-term resilience," says Cunningham. "Sustainability reporting has to be integral to how we strategize, accomplish our goals and adapt through time so that transparency strengthens trust."
Highlights from the 2025 Sustainability Report include:
40% reduction in GHG emissions intensity from the Company's operations and an 18% reduction in absolute GHG emissions from operations (both as compared to a 2018 baseline) 1,2,3,4 9% reduction in total recordable injury frequency compared with our three-year average Updated climate-related financial disclosures, including revised scenario analysis and clearer articulation of physical risks and transition risks and opportunities Progress on Indigenous Reconciliation Action Plan (IRAP) , including the following: Advancing Indigenous equity partnerships, including an equity investment in Enbridge's Westcoast Energy pipeline system; Indigenous procurement reached $1.3 billion in cumulative spend since 2023; Invested over $105 million to support Indigenous community well-being and capacity building Streamlined reporting that prioritizes key sustainability topics, introduces enhanced disclosure on energy access, reliability and affordability, and maintains broader reporting on additional topics online Continued focus on people, including investments in employees and the communities where we operate The Sustainability Report and Datasheet were developed with reference to leading reporting frameworks, including the Global Reporting Initiative (GRI) and Sustainability Accounting Standards Board (SASB) standards, and are aligned with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).
In 2026, Enbridge was included in the Dow Jones Best‑in‑Class North America Index and the Dow Jones Best‑in‑Class World Index, which recognize top-performing companies based on S&P Global Corporate Sustainability Assessment, representing the top 20% of eligible North American companies and the top 10% globally. Enbridge was also recognized by S&P Global for 25 years of participation in the Corporate Sustainability Assessment.
Click here to read the 2025 Sustainability Report and Datasheet.
1 Our target covers 100% of our reported Scope 1 and Scope 2 emissions.
2 GHG emissions are from assets over which Enbridge has operational control (Scope 1 and Scope 2 emissions). Projected reductions of GHG emissions intensity and absolute emissions is relative to the 2018 baseline year.
3 This metric aggregates emissions and throughput for each business unit on the basis of tonnes of carbon dioxide equivalent per energy delivered in petajoules (PJ).
4 Absolute emissions; our net-zero ambition is forward-looking and depends on evolving technology, public policy and economic developments.
About Enbridge Inc.
At Enbridge, we safely connect millions of people to the energy they rely on every day, fueling quality of life through our North American natural gas, oil and renewable power networks and our growing European offshore wind portfolio. We're investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on more than a century of operating conventional energy infrastructure and two decades of experience in renewable power. We're advancing new technologies including hydrogen, renewable natural gas, and carbon capture and storage. Headquartered in Calgary, Alberta, Enbridge's common shares trade under the symbol ENB on the Toronto (TSX) and New York (NYSE) stock exchanges. To learn more, visit us at enbridge.com.
Forward-looking Statements
Forward-looking information, or forward-looking statements, have been included in this news release to provide information about Enbridge and its subsidiaries and affiliates, including management's assessment of Enbridge and its subsidiaries' future plans and operations. This information may not be appropriate for other purposes. Forward-looking statements are typically identified by words such as ''anticipate", "believe", "estimate", "expect", "forecast", "intend", "likely", "plan", "project", "target" and similar words suggesting future outcomes or statements regarding an outlook. Forward-looking information or statements included or incorporated by reference in this news release include, but are not limited to, statements with respect to our corporate vision and strategy; our approach to the energy transition, evolution, and investments in lower-carbon energy and technologies; our sustainability goals, practices and performance, including with respect to emissions reduction, safety, Indigenous engagement, and community investment; expected resiliency of our businesses and assets; commitments under our Indigenous Reconciliation Action Plan; and our continued focus on investing in our employees, communities, and workplace safety.
Although Enbridge believes these forward-looking statements are reasonable based on the information available on the date such statements are made and processes used to prepare the information, such statements are not guarantees of future performance and readers are cautioned against placing undue reliance on forward-looking statements. By their nature, these statements involve a variety of assumptions, known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such statements. Material assumptions include assumptions about the following: energy transition and energy evolution, including the drivers and pace thereof; the expected supply of, demand for, and prices of crude oil, natural gas, natural gas liquids (NGL), liquefied natural gas (LNG), renewable natural gas (RNG) and renewable energy; anticipated utilization of our assets; exchange rates; inflation; interest rates; tax laws and tax rates; evolving government trade policies, including potential and announced tariffs, duties, fees, economic sanctions, or other trade measures; availability and price of labour and construction materials; the stability of our supply chain; operational reliability and performance; maintenance of support and regulatory approvals for our projects and transactions; anticipated in-service dates and final investment decisions; weather; the timing, terms and closing of announced an potential acquisitions, dispositions and other transactions and projects and the anticipated benefits thereof; governmental legislation; litigation; credit ratings; capital project funding; hedging program; financial strength and flexibility; debt and equity market conditions; and general economic and competitive conditions. Assumptions regarding the expected supply of and demand for crude oil, natural gas, NGL, LNG, RNG and renewable energy, and the prices of these commodities, are material to and underlie all forward-looking statements, as they may impact current and future levels of demand for our services. Similarly, exchange rates, inflation, interest rates and tariffs impact the economies and business environments in which we operate and may impact levels of demand for our services and cost of inputs and are therefore inherent in all forward-looking statements.
Enbridge's forward-looking statements are subject to risks and uncertainties, including, but not limited to those risks and uncertainties discussed in this news release and in the Company's other filings with Canadian and United States securities regulators. The impact of any one assumption, risk, uncertainty or factor on a particular forward-looking statement is not determinable with certainty as these are interdependent and Enbridge's future course of action depends on management's assessment of all information available at the relevant time. Except to the extent required by applicable law, Enbridge assumes no obligation to publicly update or revise any forward-looking statements made in this news release or otherwise, whether as a result of new information, future events or otherwise. All forward-looking statements, whether written or oral, attributable to Enbridge or persons acting on our behalf, are expressly qualified in their entirety by these cautionary statements.
FOR FURTHER INFORMATION PLEASE CONTACT:
Media
Toll Free: (888) 992-0997
Email: [email protected]
Investment Community
Toll Free: (800) 481-2804
Email: [email protected]
Enbridge (ENB - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Over the past month, shares of this oil and natural gas transportation and power transmission company have returned +5.1%, compared to the Zacks S&P 500 composite's +5.1% change. During this period, the Zacks Oil and Gas - Production and Pipelines industry, which Enbridge falls in, has gained 4.9%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Earnings Estimate RevisionsRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
Enbridge is expected to post earnings of $0.45 per share for the current quarter, representing a year-over-year change of -4.3%. Over the last 30 days, the Zacks Consensus Estimate has changed -1.6%.
For the current fiscal year, the consensus earnings estimate of $2.18 points to a change of +0.9% from the prior year. Over the last 30 days, this estimate has changed -0.7%.
For the next fiscal year, the consensus earnings estimate of $2.37 indicates a change of +8.7% from what Enbridge is expected to report a year ago. Over the past month, the estimate has changed -0.1%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Enbridge.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth ForecastWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
For Enbridge, the consensus sales estimate for the current quarter of $10.62 billion indicates a year-over-year change of -1.2%. For the current and next fiscal years, $52.51 billion and $48.32 billion estimates indicate +12.7% and -8% changes, respectively.
Last Reported Results and Surprise HistoryEnbridge reported revenues of $16.3 billion in the last reported quarter, representing a year-over-year change of +26.5%. EPS of $0.71 for the same period compares with $0.72 a year ago.
Compared to the Zacks Consensus Estimate of $12.82 billion, the reported revenues represent a surprise of +27.09%. The EPS surprise was +2.9%.
Over the last four quarters, Enbridge surpassed consensus EPS estimates three times. The company topped consensus revenue estimates three times over this period.
ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Enbridge is graded C on this front, indicating that it is trading at par with its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Enbridge. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
ENB Financial Corp is a profitable, small-cap regional bank trading at a significant discount to peers, despite a 60% stock gain in the past year. ENBP's valuation remains attractive, with a GAAP PE of 6.92 and a price-to-tangible-book value ratio of 0.96, both well below sector averages. Strong operational metrics include 40.2% EPS growth in FY 2025, robust non-interest income, and a healthy deposit base with 33.5% in non-interest-bearing accounts.
Enbridge remains a cash flow powerhouse, leveraging a premier North American energy infrastructure portfolio to drive robust returns and future growth. Enbridge's diversified segments—liquids pipelines, gas transmission, utilities, and renewables—position it to benefit from rising North American energy demand and export growth. Guiding for 3% DCF/share growth and a 7.5% DCF yield, Enbridge supports a 5% dividend yield with mid-single-digit annual increases and a $40 billion capital program.
, /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge) and its wholly owned subsidiary Enbridge Pipelines Inc. (EPI) today announced that EPI has successfully obtained approval for the previously announced transaction to exchange all outstanding series of EPI's medium term notes debentures (EPI Notes) for an equal principal amount of newly issued medium term notes of Enbridge (Enbridge Notes), having financial terms that are the same as the financial terms of the EPI Notes (the Note Exchange Transaction).
By the consent deadline of June 10, 2026 (Consent Deadline), EPI received sufficient valid written consents from the holders (EPI Noteholders) of EPI Notes to pass an extraordinary resolution approving the Note Exchange Transaction (Note Exchange Resolution). With more than 75% of the total principal amount of outstanding EPI Notes consented in favour, the meeting of EPI Noteholders scheduled for June 25, 2026 is no longer required and has been cancelled.
It is anticipated that the Note Exchange Transaction will be completed on or about June 16, 2026. Following completion of the Note Exchange Transaction, the applicable amendment review fees, as disclosed in the management information circular and consent solicitation statement of EPI dated May 25,2026, will be paid to EPI Noteholders that delivered valid written consent and proxy forms consenting to / voting for or withholding consent / voting against the Note Exchange Resolution by the Consent Deadline.
Enbridge and EPI thank EPI Noteholders for their participation in this process.
For any questions concerning the Consent and Proxy Solicitation Process and the Note Exchange Transaction, EPI Noteholders may continue to contact BMO Capital Markets as solicitation agent by telephone at 1-416-359-6359 or toll-free at 1-833-418-0762 or by email at [email protected].
NOTICE TO EPI NOTEHOLDERS IN THE UNITED STATES
The Enbridge Notes to be issued in connection with the Note Exchange Transaction have not been registered under the U.S. Securities Act of 1933, as amended (the U.S. Securities Act) and are being issued pursuant to an exemption from the registration requirements of the U.S. Securities Act provided by Rule 802 thereunder.
The Note Exchange Transaction described in this press release is made for the securities of a Canadian corporation. The Note Exchange Transaction is subject to the disclosure requirements of Canada, and EPI Noteholders in the United States (U.S. EPI Noteholders) should be aware that the foregoing disclosure requirements are different from those of the United States.
It may be difficult for U.S. EPI Noteholders to enforce their rights and any claims U.S. EPI Noteholders may have arising under U.S. federal securities laws, since EPI and Enbridge are located in Canada, and many of their officers and directors are residents of Canada. U.S. EPI Noteholders may not be able to sue a Canadian corporation or its officers or directors in a Canadian court for violations of U.S. securities laws. It may be difficult to compel a Canadian corporation and its affiliates to subject themselves to a U.S. court's judgment.
FORWARD-LOOKING STATEMENTS
Forward-looking information, or forward-looking statements, has been included in this news release to provide information about Enbridge and EPI, including statements with respect to: the completion of the Note Exchange Transaction, including the expected timing thereof, the terms of the Enbridge Notes to be issued to EPI Noteholders in exchange for their EPI Notes, and the amendment review fees to be paid to EPI Noteholders. This information may not be appropriate for other purposes. Although Enbridge and EPI believe that these forward-looking statements are reasonable based on the information available on the date such statements are made and processes used to prepare the information, such statements are not guarantees of future performance and readers are cautioned against placing undue reliance on forward-looking statements. By their nature, these statements involve a variety of assumptions, known and unknown risks and uncertainties and other factors, which may cause actual result, levels of activity and achievements to differ materially from those expressed or implied by such statements. Material assumptions include assumptions about the completion of the Note Exchange Transaction and the business and financial strength of Enbridge and EPI.
The forward-looking statements contained herein are subject to risks and uncertainties pertaining to the completion of the Note Exchange Transaction. The impact of any one risk, uncertainty or factor on a particular forward-looking statement is not determinable with certainty as these are interdependent and Enbridge's and EPI's future course of action depends on management's assessment of all information available at the relevant time. Except to the extent required by applicable law, Enbridge and EPI assume no obligation to publicly update or revise any forward-looking statements made in this news release or otherwise, whether as a result of new information, future events or otherwise. All subsequent forward-looking statements, whether written or oral, attributable to Enbridge, EPI or persons acting on their behalf, are expressly qualified in their entirety by these cautionary statements.
About Enbridge Inc.
At Enbridge, we safely connect millions of people to the energy they rely on every day, fueling quality of life through our North American natural gas, oil and renewable power networks and our growing European offshore wind portfolio. We're investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on more than a century of operating conventional energy infrastructure and two decades of experience in renewable power. We're advancing new technologies including hydrogen, renewable natural gas, and carbon capture and storage. Headquartered in Calgary, Alberta, Enbridge's common shares trade under the symbol ENB on the Toronto (TSX) and New York (NYSE) stock exchanges. To learn more, visit us at enbridge.com.
None of the information contained in, or connected to, Enbridge's website is incorporated in or otherwise forms part of this news release.
About Enbridge Pipelines Inc.
EPI is primarily a transporter of western Canadian and United States crude oil, refined petroleum products and natural gas liquids. Its Canadian Mainline System transports crude oil from western Canada to the Midwest region of the United States and eastern Canada and serves all of the major refining centers in Ontario. EPI also operates the Southern Lights Canada Pipeline, which transports diluent from the Canada/United States border to western Canada, and holds investments in renewable and alternative power generation assets.
Montreal, Quebec--(Newsfile Corp. - June 11, 2026) - Québec Innovative Materials Corp. (CSE: QIMC) (OTCQB: QIMCF) (FSE: 7FJ) ("QIMC" or the "Company") is pleased to announce the appointment of Jean-Benoît Trahan, President of Enbridge Gaz Québec, to its Board of Directors, effective June 11, 2026.
The appointment comes at a pivotal stage in QIMC's evolution as the Company advances from natural clean hydrogen exploration toward project development, infrastructure planning and potential market integration opportunities across its portfolio in Québec, Ontario, Nova Scotia and the United States.
Appointment Highlights
Senior utility leadership: Mr. Trahan is President of Enbridge Gaz Québec, one of Quebec's natural gas distributors, where he has served for nearly twelve years.
Deep regulatory expertise: Prior roles with the Régie de l'énergie and Gaz Métro, specializing in energy regulation, tariff design and utility economics - directly relevant as QIMC engages with permitting and regulatory frameworks for natural hydrogen.
Hydrogen and decarbonization track record: Over the past seven years, Mr. Trahan has helped lead the decarbonization of Quebec's gas distribution network, including renewable natural gas deployment, a major residual hydrogen distribution project, and the development of a large-scale district energy network serving significant portions of the City of Gatineau.
Commercialization perspective: Experience bringing innovative energy solutions into regulated markets, supporting QIMC's planning for potential infrastructure, market integration and development pathways.
A Strategic Addition at a Key Inflection Point
An economist and MBA graduate, Mr. Trahan brings board-level expertise in energy infrastructure, gas distribution networks, hydrogen integration, utility regulation and energy markets. Throughout his career, he has also served as an energy consultant on projects across Quebec, Canada and Africa, contributing to the establishment of regulatory authorities and providing expertise in economic regulation, energy policy and utility pricing.
With multiple exploration programs completed and drilling and evaluation activities ongoing, QIMC is increasingly focused on the technical, regulatory, infrastructure and commercialization considerations required to support potential natural clean hydrogen resource development. Mr. Trahan's appointment strengthens the Company's governance and strategic expertise in each of these areas while complementing the Board's existing technical and geological strengths.
The appointment reflects QIMC's continued commitment to strengthening its governance and strategic leadership as the Company advances its natural hydrogen initiatives across North America. As the natural hydrogen sector continues to evolve, the Company believes that expertise spanning energy infrastructure, regulatory frameworks and hydrogen integration will be increasingly important to evaluating future development opportunities.
Management Commentary
John Karagiannidis, Chief Executive Officer and Chairman of QIMC, commented:
"We are delighted to welcome Jean-Benoît to QIMC's Board of Directors at this important stage in the Company's growth. As QIMC advances beyond exploration, Jean-Benoît brings a rare combination of expertise in energy infrastructure, utility operations, regulatory affairs, hydrogen integration and energy markets.
"His leadership at the forefront of Quebec's evolving energy landscape - including initiatives involving renewable gases, hydrogen distribution and large-scale energy infrastructure - will provide valuable strategic insight as we continue to develop our natural hydrogen portfolio. As natural hydrogen emerges as a potentially important component of North America's energy mix, we believe Jean-Benoît's experience in regulated energy systems and decarbonization initiatives will further strengthen our Board and support the Company's long-term growth objectives.
"His appointment reflects our commitment to building a Board with the expertise required to guide QIMC through its next phase of growth."
Jean-Benoît Trahan stated:
"QIMC has established itself as an innovator in the emerging natural clean hydrogen sector through its scientific approach, technical capabilities and growing portfolio of advanced projects. Natural clean hydrogen has the potential to become an important component of North America's energy transition, and I look forward to working with the Board and management team as the Company advances its projects and development opportunities."
About Québec Innovative Materials Corp.
Québec Innovative Materials Corp. is a North American exploration and development company advancing a portfolio of natural hydrogen and critical mineral projects. The Company is advancing its district-scale hydrogen exploration model across Québec, Ontario, Nova Scotia and Minnesota through the application of its proprietary R2G2™ framework.
QIMC is focused on responsible exploration, technical innovation and the advancement of natural hydrogen opportunities that may contribute to future clean-energy development initiatives.
ON BEHALF OF THE BOARD OF DIRECTORS
John Karagiannidis
Chief Executive Officer and Chairman
Québec Innovative Materials Corp.
Forward-Looking Statements
This news release contains certain forward-looking statements within the meaning of applicable Canadian securities laws. Forward-looking statements are frequently identified by words such as "anticipates," "believes," "expects," "intends," "plans," "potential," "may," "will," "could," "would," and similar expressions. Such statements include, but are not limited to, statements regarding the expected benefits of Mr. Trahan's appointment to the Board of Directors, the Company's transition from exploration toward development activities, the advancement and development of its natural hydrogen projects, future development opportunities, regulatory developments, infrastructure planning, resource development potential, and the Company's strategic objectives and growth plans.
Forward-looking statements are based on management's current expectations, estimates, assumptions and projections as of the date of this news release. These statements are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to, exploration and development risks, geological uncertainties, regulatory and permitting risks, market conditions, financing availability, changes in commodity and energy markets, environmental risks, operational risks, and general economic, business and political conditions.
There can be no assurance that such forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. Except as required by applicable securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/301069
Source: Quebec Innovative Materials Corp.
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Enbridge (ENB - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Over the past month, shares of this oil and natural gas transportation and power transmission company have returned +2.3%, compared to the Zacks S&P 500 composite's -1.6% change. During this period, the Zacks Oil and Gas - Production and Pipelines industry, which Enbridge falls in, has gained 3%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Revisions to Earnings EstimatesRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
For the current quarter, Enbridge is expected to post earnings of $0.44 per share, indicating a change of -6.4% from the year-ago quarter. The Zacks Consensus Estimate has changed -3.1% over the last 30 days.
The consensus earnings estimate of $2.17 for the current fiscal year indicates a year-over-year change of +0.5%. This estimate has changed -0.1% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $2.39 indicates a change of +10.1% from what Enbridge is expected to report a year ago. Over the past month, the estimate has changed +1.1%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Enbridge.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth ForecastWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
For Enbridge, the consensus sales estimate for the current quarter of $10.62 billion indicates a year-over-year change of -1.2%. For the current and next fiscal years, $52.51 billion and $48.32 billion estimates indicate +12.7% and -8% changes, respectively.
Last Reported Results and Surprise HistoryEnbridge reported revenues of $16.3 billion in the last reported quarter, representing a year-over-year change of +26.5%. EPS of $0.71 for the same period compares with $0.72 a year ago.
Compared to the Zacks Consensus Estimate of $12.82 billion, the reported revenues represent a surprise of +27.09%. The EPS surprise was +2.9%.
Over the last four quarters, Enbridge surpassed consensus EPS estimates three times. The company topped consensus revenue estimates three times over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Enbridge is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Enbridge. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
SummaryPembina has the best balance sheet of the group. Debt to EBITDA sits at 3.90, well below its peers.TC Energy's management guidance for 6% EBITDA growth through 2028 and 3%-5% dividend growth going forward.On dividends, ENB just raised its payout by 3% in early 2026. That is the 31st consecutive annual increase. Marc Bruxelle/iStock via Getty Images
Canadian midstream is a classic dividend investor playground. Long-term contracts, tolls instead of commodity exposure, irreplaceable assets, and dividend growth backed by real cash flow.
Three names dominate the space: Enbridge (ENB), TC
