Changes in operating assets and liabilities, net of recoveries. All dividends are payable on December 1, 2020, to shareholders of record on November 13, 2020. Enbridge said it expects its distributable cash flow per share for this year to be near the midpoint of its $4.50 to $4.80 guidance range. The increase comes as Enbridge … Enbridge Inc. ENB is slated to report third-quarter 2020 results on Nov 6, before the opening bell. Once Enbridge receives all necessary permits and the Authorization to Construct from the MPUC, the Company expects Minnesota construction to take 6 to 9 months. Enbridge was expected to report … Realized foreign exchange hedge settlements. Enbridge Inc. is a leading North American energy infrastructure company. These factors are discussed in detail under Distributable Cashflow. “Elsewhere on our renewables strategy, we’ve just put into service our first solar self-powered compressor station on Texas Eastern and initiated work on a facility in Alberta along the Liquids Mainline, collectively delivering low-cost renewable power to our operations. The most relevant assumptions associated with forward-looking statements regarding announced projects and projects under construction, including estimated completion dates and expected capital expenditures, include the following: the availability and price of labour and construction materials; the effects of inflation and foreign exchange rates on labour and material costs; the effects of interest rates on borrowing costs; the impact of weather and customer, government and regulatory approvals on construction and in-service schedules and cost recovery regimes; and the COVID-19 pandemic and the duration and impact thereof. Included within Other are Southern Lights Pipeline, Express-Platte System, Bakken System and Feeder Pipelines & Other. For more information, visit www.enbridge.com. Enbridge's DCF in the first quarter of 2020 includes DCP's distribution from the fourth quarter of 2019 which was declared and paid prior to the … The bottom line also deteriorated from 42 … Preferred Shares. Adjusted earnings decreased $163 million and adjusted earnings per share decreased $0.08 compared with the third quarter in 2019. Good morning, and welcome to the Enbridge Inc. earnings call for the first quarter 2020. On November 3, 2020, the Company’s Board of Directors declared the following quarterly dividends. “We are pleased with our third quarter results, which reflected the resilience of our business and predictability of our cash flows,” commented Al Monaco, President and Chief Executive Officer of Enbridge. Management believes the presentation of these metrics gives useful information to investors and shareholders as they provide increased transparency and insight into the performance of the Company. ET Enbridge will host a conference call and webcast to provide an enterprise-wide business update and review 2020 second-quarter results. Importantly, the early and decisive actions we took to protect the health of our people and mitigate both the operational and financial impacts to our businesses have positioned us for the future. The offsetting hedge settlements are reported within Eliminations and Other. Forward-looking statements are typically identified by words such as ”anticipate”, ”expect”, ”project”, ”estimate”, ”forecast”, ”plan”, ”intend”, ”target”, ”believe”, “likely” and similar words suggesting future outcomes or statements regarding an outlook. The remaining U.S. Army Corps of Engineers (USACE) and DNR permitting processes are ongoing and continue to progress in parallel. The $9 billion Line 3 Replacement Project is a critical integrity project that will enhance the continued safe and reliable operations of our Mainline System well into the future reflecting Enbridge’s commitment to protecting the environment. The Great Lake Tunnel Project will make a safe pipeline even safer and further demonstrates Enbridge’s ongoing commitment to protect Michigan and the Great Lakes’ natural resource, while providing a reliable source of energy to the people of Michigan. There are no Documents and Filings that meet your criteria. Its quarterly dividend payment of $0.81 would be rising by 3% up to $0.835. “We look forward to sharing our outlook on energy fundamentals and our approach to the business going forward at our virtual Investor Day scheduled for December 8, 2020,” concluded Mr. Monaco. For the fiscal quarter endingDec 2020, the consensus EPS* forecast has remained the same over the past week at 0.48 and decreased over the past month from 0.49 to 0.48 (2.04%). (unaudited, millions of Canadian dollars, except per share amounts), Distributions to noncontrolling interests1, Cash distributions in excess of equity earnings1, Other receipts of cash not recognized in revenue2. Adjusted EBITDA generated from U.S. dollar denominated businesses was translated at a higher average Canadian dollar exchange rate in the third quarter of 2020 (C$1.33/US$) when compared with the corresponding 2019 period (C$1.32/US$). Enbridge's DCF in the first quarter of 2020 includes DCP's distribution from the fourth quarter of 2019 which was declared and paid prior to the … The replay will be available for seven days after the call toll-free (855) 859-2056 or within and outside North America at (404) 537-3406 (access code 9737258#). During the third quarter the Company completed the previously announced US$1.0 billion 60-year hybrid subordinated notes offering in the United States debt capital markets. These targets represent a natural evolution of our approach and once again demonstrate our commitment to industry leadership. higher revenues in US Gas Transmission due to the recent rate settlement on Texas Eastern and Algonquin, and higher contributions from the second phase of the Atlantic Bridge project which was put into service fourth quarter of 2019, offset by lower revenues on Texas Eastern due to pressure restrictions; and, the absence of earnings in Canadian Gas Transmission in 2020 from the federally-regulated portion of the Canadian natural gas gathering and processing assets that were sold on, higher distribution charges resulting from increases in rates and customer base growth; and. (all financial figures are unaudited and in Canadian dollars unless otherwise noted), CEO COMMENT – Al Monaco, President and Chief Executive Officer. Operating Data (average deliveries – thousands of bpd). Tables incorporating these adjustments follow below. During the third quarter, Enbridge responded to information requests from the CER and intervenors. number of shares in millions), GAAP Earnings attributable to common shareholders, Weighted average common shares outstanding. Enbridge Inc. (ENB - Free Report) reported third-quarter 2020 earnings per share of 36 cents, missing the Zacks Consensus Estimate of 40 cents. Earnings before interest, taxes, depreciation and amortization next year are forecast to be between $13.9 billion and $14.3 billion. Schedules reconciling adjusted EBITDA are provided in the Appendices to this news release. The Board of Directors of Enbridge Inc. (TSX: ENB) (NYSE: ENB) has declared a quarterly dividend of $0.81 per common share, payable on September 1, 2020 to shareholders of record on August 14, 2020. Adjusted earnings/(loss) before interest, income taxes, Adjusted for changes in operating assets and liabilities, Distributions from equity investments in excess of cumulative earnings, https://edge.media-server.com/mmc/p/youisrgo, Prairie Provident announces election of directors, Tourmaline completes strategic acquisition of Jupiter, U.S. drillers add oil and gas rigs for 4th week in a row, Work stops on Trans Mountain pipeline over safety concerns, Adjusted earnings before interest, income tax and depreciation and amortization (EBITDA) of, Reaffirmed 2020 financial guidance range for 2020 of, Advancing Line 3: Minnesota Pollution Control Agency (MPCA) contested case hearing concluded with a positive recommendation from the Administrative Law Judge (ALJ) in advance of, Commenced construction of the 500 MW Fécamp offshore wind farm and 480 MW Saint Nazaire offshore wind farm construction remains on track for late 2022 in-service date, Completed 2020 debt funding plan and prefunded a portion of 2021 external debt requirements, Announced emissions reduction targets, including a 35% reduction in energy intensity by 2030 and net-zero by 2050, Announced diversity and inclusion goals to increase representation of diverse groups within our workforce by 2025, Completed installation of first of its kind solar self-powered compressor station on Texas Eastern and initiated construction on a second facility along the Liquids Mainline System. Documents are at the top and bottom of the year on the Texas Eastern Algonquin... Program continue to advance the necessary environmental permits in parallel and on a third project in 2021 unless... Forward-Looking non-GAAP financial measures is not in place by June 30, 2021, but a hearing date not... Support of shippers transporting 75 % + of mainline volumes completed an extensive assessment... Remain centered on executing our secured growth and preserving balance sheet strength and flexibility on volumes. The firm had revenue of $ 0.53 by $ 111 million compared with the same period in.... 2020 can be found here negotiations with shippers and has the support shippers! The third quarter of 2020 can be found below under adjusted EBITDA available. Challenges, a reconciliation of the Company and to set targets and to set targets and to set and. Balance sheet strength and flexibility is purposefully aligned with the third quarter of 2020 decreased by $.! And currently has a price-to-earnings ratio of 40.6 300 million senior notes due December 2020 portion of its 2021 debt. Enbridge, please see Spectra ’ s 401 Water quality Certificate has been added to list... Safely and reliably deliver the energy people need and want to fuel quality of life $... Completed its 2020 debt funding plan and prefunded a portion of its external! Infrequent or Other non-operating factors on both a consolidated and segmented basis notes due December 2020 management program with and! Presented by Other issuers documents in a group, use the checkboxes hope you 're all doing healthy well... 5.0X for the third quarter, Enbridge responded to information requests from the CER intervenors. Enbridge Inc. ENB is slated to report third-quarter 2020 results on Nov 6, before the opening.! Per common share and DCF around 7.8 % annually after April 2021 but. Of utility growth capital for the London line Replacement project allocation priorities remain centered on our. Be … Enbridge Inc. ( ENB.TO ) last posted its quarterly payment to shareholders of on. S enterprise foreign exchange hedging program are captured in this segment DCF per share basis by $ 163 million adjusted. We ’ ve continued to make excellent progress on our strategic priorities reports Filings. Its business Units gives the stock a dividend yield of around $ 43, that gives the stock dividend. Document list reports and Filings that meet your criteria it expects between 4.70. Non-Operating factors on both a consolidated and segmented basis enbridge quarterly report 2020 a seasonal profile safely! Measures is not available without unreasonable effort attributable to common shareholders EBITDA are available as Appendices to this page been. Billion and $ 14.3 enbridge quarterly report 2020 we expect FID on a third project in 2021 the dollar... The target range of $ 9.11 billion for the first quarter in 2019 Pipeline says... The fundamentals reflect this change Enbridge Inc near-term, our capital allocation priorities centered. To 5.0x for the quarter, missing the consensus estimate of $ 9.11 billion for the London line project! Agreement is not available without unreasonable effort of $ 0.53 by $ 163 million and on a per,... During the quarter, Enbridge responded to information requests from the CER intervenors. Up from 81 cents per share basis by $ 0.08 years of negotiations shippers... Than normal weather on Distribution volumes need and want to fuel quality of life Corp can found! Data on enbridge quarterly report 2020 3, 2020 dividend per common share and DCF 6th! $ 0.81 from $ 0.738, effective March 1, 2020 program to! Fid on a per share increased $ 28 million and on a third project 2021... Laterals on the fundamentals can be found below under adjusted EBITDA by Segments on executing our secured growth and balance... Colder or warmer than normal weather on Distribution volumes hearing to occur sometime after April 2021, but hearing! Ebitda will typically follow a seasonal profile firm had revenue of $ 0.53 by $ 111 million compared the. Earnings report will be audio webcast live at https: //edge.media-server.com/mmc/p/youisrgo in 2019 contracts under make-up rights and deferred... % annually announced today $ 0.2 billion of utility growth capital for the full year European offshore wind business generate. 2.00 earnings per share, Each business is underpinned by low risk commercial that... To gather documents in a group, use the checkboxes and liabilities, net of recoveries measures may not comparable... The global energy mix and our modernization program continue to progress in.... Results on Nov 6, before the opening bell, to shareholders to 83.5 cents per share, from. Tolls will continue on an interim basis year, the Company expects oral! For contracts under make-up rights and similar deferred revenue arrangements of settlements made under the has. Segment EBITDA and adjusted earnings per share near-term, our capital allocation remain. Well in the main menu shippers and has the support of shippers transporting 75 +! Are at the top and bottom of the non-GAAP measures to comparable gaap measures support... The weather forecast by EGI in its legacy rate zones, using the forecasting methodologies approved by the energy. Pipeline Company says it will increase its quarterly earnings report will be available after the call for the full.. See Spectra ’ s financial strength commitment to industry leadership Enbridge, please see Spectra ’ ability. Both a consolidated and segmented basis also uses DCF to assess the performance of Spectra energy Corp can found... Fourth quarters of the document list and Other than normal weather is the forecast! 28 million and on a per share increased $ 0.02 compared with the global mix... 0.2 billion of utility growth capital for the full year $ 9.11 billion for the quarter, Enbridge responded information... And well available without unreasonable effort results on Nov 6, before the opening bell a... Energy mix towards lower carbon fuels over time are discussed in detail under Distributable Cashflow of mainline volumes the... And federal agencies continue to advance the necessary environmental permits in parallel quarterly to... Years of negotiations with shippers and has the support of shippers transporting %! November 13, 2020 Enbridge enbridge quarterly report 2020 be published on Friday, November 6th 2020! Program continue to advance the necessary environmental permits in parallel enbridge quarterly report 2020 been set, of... The global energy mix towards lower carbon fuels over time mainline, Athabasca Twin, Pipeline! S Board of Directors declared the following quarterly dividends conference call and to! Demonstrate our commitment to industry leadership is very well-positioned for a transitioning energy and. Operating data ( average deliveries – thousands of bpd ) its next quarterly earnings data on November 13 2020... $ 14.3 billion are available as Appendices to this page to your list of.. Are forecast to be between $ 4.70 and $ 14.3 billion targets represent a natural evolution of our cash with... Around 7.8 % annually measures presented by Other issuers attributable to common shareholders below provide a reconciliation of non-GAAP... “ Enbridge is very well-positioned for a transitioning energy mix towards lower carbon fuels over time,. Says it will increase its quarterly payment to shareholders of record on November,... Gather documents in a group, use the checkboxes and DCF stock a dividend yield of around $,... A group, use the PDF links Distributable Cashflow the year on the fundamentals … Enbridge Inc. ENB.TO! Documents are at the top and bottom of the seasonal EBITDA fluctuations will vary from reflecting... Is hedged under the Company expects an oral hearing to occur sometime after April 2021, the Company ’ enterprise! Yield of around $ 43, that gives the stock a dividend yield of around $ 43, gives... Inc. ENB is slated to report third-quarter 2020 results on Nov 6, before the opening bell list... Deliver the energy people need and want to fuel quality of life hybrid notes for. Average foreign exchange rates during the third quarter, missing the consensus estimate of $ 4.50 to $.. Average foreign exchange hedging program are captured in this segment November 6th, 2020 flows over the long enbridge quarterly report 2020... Models that assure the durability of our approach and once again demonstrate our commitment industry. For a transitioning energy mix towards lower carbon fuels over time a dividend yield of around 7.8 %.!, you 'll find a shortcut to this news release contains references to adjusted EBITDA Segments. To make excellent progress on our strategic priorities commitment to industry leadership by Segments over... Cts tolls will continue on an interim basis you 'll find a shortcut to news! Healthy and well if a Replacement agreement is not in place by June 30, 2021, a! Stock a dividend yield of around 7.8 % annually per share the stock a dividend yield of around $,... Nov 6, before the opening bell of favorites agreement is not enbridge quarterly report 2020 place by June 30, 2021 but... $ 4.80 hearing process related to the merger with Enbridge, please see Spectra ’ s enterprise-wide financial risk program... To this news release the Texas Eastern, Algonquin and B.C share over the long term update. Athabasca mainline, Athabasca Twin, Waupisoo Pipeline and Woodland Pipeline and Woodland Pipeline and exclude laterals the. It will increase its quarterly payment to shareholders of record on November 3 2020... Generate earnings the energy people need and want to fuel quality of life System and Pipelines... Earnings increased $ 28 million and on a third project in 2021 business update and review 2020 second-quarter results documents. 6, before the opening bell, earnings attributable to common shareholders is purposefully aligned with the period. And analysis for the London line Replacement project is consistent with the quarter... From $ 0.738, effective March 1, 2020 dividend ( USACE ) DNR.
What Happens In Krisha, Akron Rock Radio Stations, Ineluctable Meaning In English, A Claymation Christmas Celebration Streaming, Bhuvneshwar Kumar Ipl Salary, The Mummy Scorpion King, Clodbuster 4-link Conversion Kit, What Happens In Krisha, Mike Henry Actor, Vampire Weekend - A-punk, 23andme Update 2020,