Enbridge reports Q4 adjusted EPS C$0.88 vs. C$0.75 last year

Greg Ebel, President and CEO commented the following: “With the changing dynamics we see in today’s energy sector, our all-of-the-above approach to energy and incumbent asset footprint positions us to capitalize on growing energy demand. This past year, Enbridge (ENB) continued to benefit from our size and capacity, securing $14 billion of projects across our four businesses. Sanctioned projects addressed a range of energy demand themes, advancing incremental WCSB egress, expanding natural gas transmission capacity in the U.S. Northeast, bolstering our natural gas storage businesses on the Gulf Coast and in British Columbia, and building on our partnership with Meta in the power space. I’m pleased with the progress we’ve made towards the commitments laid out last Enbridge Day, ahead of the timelines shared just under a year ago. Today, our total secured backlog sits at $39 billion, up approximately 35% since Enbridge Day, and we’ll continue to advance our suite of opportunities across natural gas, liquids, and renewable power to meet growing energy demand in North America and beyond.”