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ENB Enbridge

Enbridge Inc. is a leading North American energy infrastructure company. Enbridge safely and reliably delivers the energy people need and want to fuel quality of life. Its core businesses includes Liquids Pipelines, which transports approximately 25 percent of the crude oil produced in North America; Gas Transmission and Midstream, which transports approximately 20 percent of the natural gas consumed in the U.S.; Gas Distribution and Storage, which serves approximately 3.8 million retail customers in Ontarioand Quebec; and Renewable Power Generation, which generates approximately 1,750 MW of net renewable power in North Americaand Europe.

Company profile

Ticker
ENB, ENB+B, ENB+H, ENB+N, ENB+P, ENB+T, ENB+Y, EBGEF, ENBBF, EBBNF
Exchange
CEO
Albert Monaco
Employees
Incorporated
Location
Fiscal year end
Former names
IPL ENERGY INC
SEC CIK

ENB stock data

(
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Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

8 Mar 21
17 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Enbridge earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 490M 490M 490M 490M 490M 490M
Cash burn (monthly) 67.33M 15.5M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 239.96M 55.24M n/a n/a n/a n/a
Cash remaining 250.04M 434.76M n/a n/a n/a n/a
Runway (months of cash) 3.7 28.0 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

50.8% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 958 893 +7.3%
Opened positions 140 66 +112.1%
Closed positions 75 88 -14.8%
Increased positions 289 291 -0.7%
Reduced positions 385 360 +6.9%
13F shares
Current Prev Q Change
Total value 33.2B 30.15B +10.1%
Total shares 1.03B 1.03B -0.4%
Total puts 6.57M 7.25M -9.4%
Total calls 8.95M 9.01M -0.6%
Total put/call ratio 0.7 0.8 -8.8%
Largest owners
Shares Value Change
RY Royal Bank Of Canada 154.86M $4.95B +4.2%
Capital International Investors 76.67M $2.45B -10.4%
BMO Bank of Montreal 69.07M $2.3B +35.1%
Vanguard 61.68M $1.97B -7.3%
TD Asset Management 32.47M $1.04B -5.2%
Jarislowsky, Fraser 27.35M $874.06M +0.9%
Caisse De Depot Et Placement Du Quebec 24.72M $790.88M 0.0%
BNS Bank Of Nova Scotia 22.59M $722.5M +3.4%
CIBC World Markets 22.41M $716.82M +11.1%
CIBC Asset Management 22.24M $709.66M +2.9%
Largest transactions
Shares Bought/sold Change
TROW T. Rowe Price 6.82M -22.54M -76.8%
Norges Bank 18.21M +18.21M NEW
BMO Bank of Montreal 69.07M +17.94M +35.1%
Capital International Investors 76.67M -8.9M -10.4%
Manufacturers Life Insurance Company, The 21.4M -7.62M -26.3%
RY Royal Bank Of Canada 154.86M +6.23M +4.2%
Amundi Pioneer Asset Management 6.04M +5.24M +660.1%
Capital Research Global Investors 12.02M +5.03M +72.0%
Vanguard 61.68M -4.83M -7.3%
BX Blackstone Group Inc 13.81M +3.96M +40.3%

Financial report summary

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Risks
  • Pipeline operations involve numerous risks that may adversely affect our business and financial results.
  • A service interruption could have a significant impact on our operations, and negatively impact financial results, relationships with stakeholders and our reputation.
  • Our operations involve safety risks to the public and to our workers and contractors.
  • Cyber-attacks or security breaches could adversely affect our business, operations or financial results.
  • Pandemics, epidemics or disease outbreaks, such as the COVID-19 pandemic, may adversely affect local and global economies and our business, operations or financial results.
  • Terrorist attacks and threats, escalation of military activity in response to these attacks or acts of war, and other civil unrest or activism could adversely affect our business, operations or financial results.
  • There are utilization risks with respect to our assets.
  • An impairment of our assets, including goodwill, property, plant, and equipment, intangible assets, and/or equity method investments, could reduce our earnings.
  • Our assets vary in age and were constructed over many decades which may cause our inspection, maintenance or repair costs to increase in the future.
  • Competition may result in a reduction in demand for our services, fewer project opportunities or assumption of risk that results in weaker or more volatile financial performance than expected.
  • Execution of our projects subjects us to various regulatory, operational and market risks that may affect our financial results.
  • Changing expectations from stakeholders regarding ESG practices and climate change or erosion of stakeholder trust or confidence could influence actions or decisions about our company and industry and have negative impacts on our business, operations or financial results.
  • Our forecasted assumptions may not materialize as expected on our expansion projects, acquisitions and divestitures.
  • Our insurance coverage may not be sufficient to cover our losses in the event of an accident, natural disaster or other hazardous event.
  • We are exposed to the credit risk of our customers.
  • Our risk management policies cannot eliminate all risks. In addition, any non-compliance with our risk management policies could adversely affect our business, operations or financial results.
  • Our business requires the retention and recruitment of a skilled workforce, and difficulties recruiting and retaining our workforce could result in a failure to implement our business plans.
  • Our transformation projects may fail to fully deliver anticipated results.
  • Our Liquids Pipelines growth rate and results may be directly and indirectly affected by commodity prices and Government policy.
  • Our Gas Transmission and Midstream results may be adversely affected by commodity price volatility and risks associated with our hedging activities.
  • Our Energy Services results may be adversely affected by commodity price volatility.
  • We rely on access to short-term and long-term capital markets to finance capital requirements and support liquidity needs, and cost effective access to those markets can be affected, particularly if we or our rated subsidiaries are unable to maintain an investment-grade credit rating.
  • Many of our operations are regulated and failure to secure regulatory approval for our proposed projects, or loss of required approvals for our existing operations, could have a negative impact on our business, operations or financial results.
  • Our operations are subject to numerous environmental laws and regulations, including those relating to climate change and GHG emissions, compliance with which may require significant capital expenditures, increase our cost of operations and affect or limit our business plans, or expose us to environmental liabilities.
  • Our operations are subject to operational regulation and other requirements, including compliance with easements and other land tenure documents, and failure to comply with applicable regulations and other requirements could have a negative impact on our reputation, business, operations or financial results.
  • Our operations are subject to economic regulation and failure to secure regulatory approval for our proposed or existing commercial arrangements could have a negative impact on our business, operations or financial results.
  • We could be subject to changes in our tax rates, the adoption of new US, Canadian or international tax legislation or exposure to additional tax liabilities.
  • We are involved in numerous legal proceedings, the outcomes of which are uncertain, and resolutions adverse to us could adversely affect our financial results.
Management Discussion
  • ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
  • This section of our Annual Report on Form 10-K discusses 2020 and 2019 items and year-over-year comparisons between 2020 and 2019. For discussion of 2018 items and year-over-year comparisons between 2019 and 2018, refer to Part II. Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations of our Annual Report on Form 10-K for the year ended December 31, 2019.
  • The COVID-19 pandemic and the emergency response measures enacted by governments in Canada, the US and around the world, have caused material disruption to many businesses resulting in a severe slow down in Canadian, US and global economies, leading to increased volatility in financial and commodity markets worldwide and demand reduction for certain commodities.     
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