Enbridge Inc. continues to demonstrate the strength of its growth projects, with a strategic investment aimed at meeting the rapidly expanding global energy demand. During its investor conference, the company reaffirmed its strategic priorities, highlighting its financial goals and upcoming investment opportunities. Enbridge plans to maintain financial discipline while ensuring clear visibility of its growth prospects.
A growing, secured investment portfolio
Enbridge has secured a growing investment portfolio, now reaching 29 billion dollars. Among the recent projects, the company announced a 2.5 billion dollar investment, of which 2 billion dollars will be allocated to optimizing the Mainline pipeline network through 2028. This project aims to enhance the reliability and efficiency of the infrastructure to meet growing demand. One of the major projects is the expansion of the T-North pipeline in British Columbia, costing 400 million dollars, which is expected to come online in 2028 and increase the region’s natural gas export capacity.
Enbridge’s diversification in energy projects
The company continues to diversify its investments across several key energy sectors. Enbridge is exploring about 50 billion dollars in future investment opportunities, particularly in liquid pipelines, natural gas, and renewable energy. The company also announced a project to expand the T15 pipeline’s capacity in North Carolina, estimated at 100 million dollars, to increase the natural gas supply to a Duke Energy plant. This expansion is expected to reach 510 million cubic feet of gas per day by 2028.
Sustained growth and attractive returns for shareholders
Enbridge expects an annual average growth of 7 to 9% in its EBITDA (earnings before interest, taxes, depreciation, and amortization) between 2023 and 2026. After 2026, the company expects around 5% annual growth for EBITDA, earnings per share (EPS), and distributable cash flow (DCF) per share. At the same time, the company plans to return between 40 and 45 billion dollars to its shareholders over the next five years, through a progressive increase in dividends.
Robust investment capacity and strict financial management
Enbridge has an annual investment capacity of 9 to 10 billion dollars, while maintaining a solid financial structure. The company confirms its goal of maintaining a debt/EBITDA ratio between 4.5x and 5.0x, ensuring a balance between growth and financial security. With a well-diversified project portfolio and a rigorous approach to risk management, Enbridge continues to show strong growth prospects for the years ahead.
