Latest news with #GregEbel
Calgary Herald
22-07-2025
- Business
- Calgary Herald
Enbridge CEO Greg Ebel's $23.7M payout makes him Alberta's highest-paid executive in 2024
Article content Enbridge president and CEO Greg Ebel, whose compensation included almost $13 million in share-based awards, climbed to No. 1 on the list of Alberta's highest-earning executives in 2024. Article content At $23.78 million, Ebel was closely trailed by Canadian Pacific Kansas City president and CEO Keith Creel, a perennial top earner who received $23.57 million in total pay last year. Article content Article content In 2023, Ebel ranked third among all top executives in Alberta, earning $18.7 million, while Creel was second behind Suncor's Rich Kruger at just over $20 million. Article content Ebel, who was named president and CEO of the Calgary-based pipeline giant in January 2023, had a base salary of about $2 million last year. He received $12.74 million in share-based awards — often meant to incentivize executives to align their interests with shareholders — and almost $8 million more in stock options and other bonuses. Article content As CEO, Ebel is paid 'for the results he delivers for the company and shareholders,' said Enbridge in an emailed statement. Article content 'Our compensation philosophy is rooted in pay-for-performance. As such, 89 per cent of our (CEO's) pay is 'at-risk.' That is, payouts are not guaranteed, and the value of at-risk components depends on how well the company performs.' Article content Article content Supporting Ebel's compensation package for 2024 was the delivery of record financial results, achievement of distributable cash flow within the company's financial guidance range and the garnering of over 37 per cent total shareholder return, according to Enbridge. Article content Total shareholder return is a way of measuring financial performance, an indicator of the total amount shareholders reap from an investment. Article content Enbridge added that its executive compensation is benchmarked against industry peers across North America, such as Chevron, Suncor and others. Article content 'Several of our senior executives, including our CEO, are compensated near the 50th percentile in this industry peer group,' its statement read.
Yahoo
16-05-2025
- Business
- Yahoo
1 High-Yield Dividend Stock You Can Buy and Hold for a Lifetime of Passive Income
Enbridge has a low-risk, utility-like business model. That company has delivered very reliable results over the decades. It has lots of visible growth ahead. 10 stocks we like better than Enbridge › Enbridge (NYSE: ENB) has built one of the most durable businesses in the energy sector, which has enabled the Canadian pipeline and utility company to deliver reliable results over the decades. It has paid dividends for over 70 years, increasing its payment for the past 30 in a row. Meanwhile, it's on track to achieve its annual financial guidance for the 20th straight year. That dependability should continue in the decades ahead. With its dividend yielding more than 6% these days, Enbridge is an ideal stock to buy and hold for a lifelong stream of dividend income. Enbridge CEO Greg Ebel highlighted the company's investment proposition on its recent first-quarter conference call. He stated: The consistency and resiliency of our business really came through this quarter with record financial results and execution on our disciplined growth strategy. Our industry-leading low-risk business model delivers in all economic and commodity cycles, and you saw that happen once again in the first quarter. The company delivered record earnings before interest, taxes, depreciation, and amortization (EBITDA), distributable cash flow per share, and earnings per share (EPS) during that period, which was impressive considering the volatility in the energy markets since the year began. The company benefited from last year's acquisition of three stable U.S. gas utilities and strong volume across its overall business. Enbridge's diversified, low-risk, utility-like business model generates predictable results. About 98% of the company's cash flow comes from stable cost-of-service frameworks or long-term, fixed-rate contracts with financially strong customers (over 95% have investment-grade credit ratings). Meanwhile, those financial structures have features that protect about 80% of its EBITDA from inflation. The company's low-risk business profile provides a strong foundation for growing shareholder value. Ebel highlighted the company's "first choice value proposition" on the call, which he noted "has delivered strong double-digit shareholder returns over the past 20 years through thick and thin, up cycles and down cycles." He stated that the company's "financial flexibility allows us to grow our business and sustainably return capital to shareholders," which it has done by increasing its dividend for 30 straight years. Enbridge's base business will continue generating significant free cash flow. The company aims to pay out 60% to 70% of its stable and predictable cash flow to investors in dividends. That enables it to retain billions of dollars in excess free cash flow each year to fund its continued expansion. Add in the capacity on its strong investment-grade balance sheet, and the company "can now self-equity fund $9 billion-$10 billion Canadian dollars ($6.4 billion-$7.2 billion) of organic growth projects annually," commented CFO Pat Murray on the first-quarter call. Enbridge ended the first quarter with a secured growth backlog of CA$28 billion ($20 billion) of projects it expects to complete by the end of 2029. Those projects span its four core franchises (liquids pipelines, gas transmission, gas distribution, and renewable power). Murray noted that at its current run-rate, "[W]e expect to deploy $8 billion-$9 billion ($5.7 billion-$6.4 billion) per year toward that secured growth projects." Murray remarked, "That leaves us with an additional $1 billion to $2 billion ($700 million-$1.4 billion) that can be opportunistically allocated, whether that be sanctioning new strategic projects, accretive tuck-in M&A [mergers and acquisitions] such as the 10% acquisition of Matterhorn, or reducing debt." It spent about $300 million to buy that stake in the Matterhorn Express Pipeline, which transports gas out of the Permian Basin to the Gulf Coast region. Meanwhile, Enbridge has another CA$50 billion ($35.7 billion) in additional expansion opportunities under development across its four franchises. The company plans to be selective, "prioritizing the highest returning and most strategic projects," stated Murray. The company's combination of stable earnings from its base business, visible earnings growth from its secured backlog, and additional investment capacity supports its long-term growth outlook. Ebel stated on the call, "We expect to support continued dividend growth by growing our business by 5% per year through the end of the decade." Meanwhile, given its massive opportunity set and the long-term demand growth for energy, especially for lower-carbon energy like natural gas and renewables, Enbridge should have no trouble finding opportunities to continue expanding its operations in the future. Enbridge has one of the lowest-risk business models around. The company generates utility-like cash flow from a diversified portfolio of energy infrastructure assets, which supports the company's high-yielding dividend. It also has ample financial flexibility to invest in expanding its operations, which has given it the fuel to steadily grow its dividend. The company already has ample growth lined up through the end of the decade, and more projects are coming down the pipeline. These features make Enbridge an ideal dividend stock to buy and hold for a lifetime of passive income. Before you buy stock in Enbridge, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Enbridge wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $620,719!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $829,511!* Now, it's worth noting Stock Advisor's total average return is 959% — a market-crushing outperformance compared to 170% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 12, 2025 Matt DiLallo has positions in Enbridge. The Motley Fool has positions in and recommends Enbridge. The Motley Fool has a disclosure policy. 1 High-Yield Dividend Stock You Can Buy and Hold for a Lifetime of Passive Income was originally published by The Motley Fool
Globe and Mail
16-05-2025
- Business
- Globe and Mail
1 High-Yield Dividend Stock You Can Buy and Hold for a Lifetime of Passive Income
Enbridge (NYSE: ENB) has built one of the most durable businesses in the energy sector, which has enabled the Canadian pipeline and utility company to deliver reliable results over the decades. It has paid dividends for over 70 years, increasing its payment for the past 30 in a row. Meanwhile, it's on track to achieve its annual financial guidance for the 20th straight year. That dependability should continue in the decades ahead. With its dividend yielding more than 6% these days, Enbridge is an ideal stock to buy and hold for a lifelong stream of dividend income. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Built for consistency Enbridge CEO Greg Ebel highlighted the company's investment proposition on its recent first-quarter conference call. He stated: The consistency and resiliency of our business really came through this quarter with record financial results and execution on our disciplined growth strategy. Our industry-leading low-risk business model delivers in all economic and commodity cycles, and you saw that happen once again in the first quarter. The company delivered record earnings before interest, taxes, depreciation, and amortization (EBITDA), distributable cash flow per share, and earnings per share (EPS) during that period, which was impressive considering the volatility in the energy markets since the year began. The company benefited from last year's acquisition of three stable U.S. gas utilities and strong volume across its overall business. Enbridge's diversified, low-risk, utility-like business model generates predictable results. About 98% of the company's cash flow comes from stable cost-of-service frameworks or long-term, fixed-rate contracts with financially strong customers (over 95% have investment-grade credit ratings). Meanwhile, those financial structures have features that protect about 80% of its EBITDA from inflation. The company's low-risk business profile provides a strong foundation for growing shareholder value. Ebel highlighted the company's "first choice value proposition" on the call, which he noted "has delivered strong double-digit shareholder returns over the past 20 years through thick and thin, up cycles and down cycles." He stated that the company's "financial flexibility allows us to grow our business and sustainably return capital to shareholders," which it has done by increasing its dividend for 30 straight years. Ample fuel to continue growing the dividend Enbridge's base business will continue generating significant free cash flow. The company aims to pay out 60% to 70% of its stable and predictable cash flow to investors in dividends. That enables it to retain billions of dollars in excess free cash flow each year to fund its continued expansion. Add in the capacity on its strong investment-grade balance sheet, and the company "can now self-equity fund $9 billion-$10 billion Canadian dollars ($6.4 billion-$7.2 billion) of organic growth projects annually," commented CFO Pat Murray on the first-quarter call. Enbridge ended the first quarter with a secured growth backlog of CA$28 billion ($20 billion) of projects it expects to complete by the end of 2029. Those projects span its four core franchises (liquids pipelines, gas transmission, gas distribution, and renewable power). Murray noted that at its current run-rate, "[W]e expect to deploy $8 billion-$9 billion ($5.7 billion-$6.4 billion) per year toward that secured growth projects." Murray remarked, "That leaves us with an additional $1 billion to $2 billion ($700 million-$1.4 billion) that can be opportunistically allocated, whether that be sanctioning new strategic projects, accretive tuck-in M&A [mergers and acquisitions] such as the 10% acquisition of Matterhorn, or reducing debt." It spent about $300 million to buy that stake in the Matterhorn Express Pipeline, which transports gas out of the Permian Basin to the Gulf Coast region. Meanwhile, Enbridge has another CA$50 billion ($35.7 billion) in additional expansion opportunities under development across its four franchises. The company plans to be selective, "prioritizing the highest returning and most strategic projects," stated Murray. The company's combination of stable earnings from its base business, visible earnings growth from its secured backlog, and additional investment capacity supports its long-term growth outlook. Ebel stated on the call, "We expect to support continued dividend growth by growing our business by 5% per year through the end of the decade." Meanwhile, given its massive opportunity set and the long-term demand growth for energy, especially for lower-carbon energy like natural gas and renewables, Enbridge should have no trouble finding opportunities to continue expanding its operations in the future. Built for generating passive income Enbridge has one of the lowest-risk business models around. The company generates utility-like cash flow from a diversified portfolio of energy infrastructure assets, which supports the company's high-yielding dividend. It also has ample financial flexibility to invest in expanding its operations, which has given it the fuel to steadily grow its dividend. The company already has ample growth lined up through the end of the decade, and more projects are coming down the pipeline. These features make Enbridge an ideal dividend stock to buy and hold for a lifetime of passive income. Should you invest $1,000 in Enbridge right now? Before you buy stock in Enbridge, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Enbridge wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $620,719!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $829,511!* Now, it's worth noting Stock Advisor 's total average return is959% — a market-crushing outperformance compared to170%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of May 12, 2025
Yahoo
15-05-2025
- Business
- Yahoo
This 6%-Yielding Dividend Stock Is Low Risk and Poised for Solid Growth
Enbridge's dividend checks off all the boxes for income investors. Its business is stable and relatively low risk. The energy company is also poised to deliver solid growth the rest of this decade. 10 stocks we like better than Enbridge › Mick Jagger and the Rolling Stones were right when they sang "You Can't Always Get What You Want." In many cases, we have to be willing to settle for less than what we'd prefer. That's certainly often true with investing. However, sometimes you can get everything you want -- or at least come close to doing so. If you're an income investor, I think Enbridge (NYSE: ENB) just might give you almost everything you could want in a dividend stock. Let's start with Enbridge's dividend program. I believe it checks off all the boxes for income investors. First, the pipeline and energy company pays a forward dividend yield of 6.09%. Such an ultrahigh yield isn't unusual for Enbridge. Its dividend yield has topped 6% throughout most of the last four years. Second, Enbridge has increased its dividend for 30 consecutive years. Only a handful of energy stocks can boast a longer streak of dividend hikes. Those two points wouldn't mean much if Enbridge's dividend were in jeopardy of being cut. But that isn't the case at all. The company's distributable cash flow payout ratio is between 60% and 70%. This reflects ample financial flexibility to keep the dividends flowing and growing. The key to Enbridge's stellar dividend track record is the company's stable, low-risk business. Enbridge is mainly known for its pipelines. It operates over 18,000 miles of crude oil pipeline, delivering roughly 30% of the crude oil produced in North America. Add to that roughly 72,500 miles of natural gas and natural gas liquids pipelines that transport around 20% of the natural gas consumed in the United States. But the company's business extends beyond pipelines. Enbridge ranks as the largest natural gas utility in North America based on volume. Its renewable energy projects in operation or under construction have a total capacity of over 6.6 gigawatts, enough to supply electricity for 1.3 million homes. Enbridge generates cash flow from more than 200 asset streams and businesses. Over 98% of its earnings before interest, taxes, depreciation, and amortization (EBITDA) is protected by regulatory agreements or take-or-pay frameworks. Over 80% of its EBITDA is protected from inflation through built-in escalators or regulatory paths to seek higher prices. Less than 1% of EBITDA is linked to commodity prices. The company's balance sheet is strong, too. Enbridge's debt-to-EBITDA ratio is between 4 and 5, a manageable level. Its credit ratings are investment-grade. CEO Greg Ebel stated in the company's recent quarterly update that any business development deals Enbridge makes will either be "neutral or better to the balance sheet." What about the potential impact of tariffs? Ebel said in the company's recent quarterly update that neither tariffs nor a global trade war should have a material impact on operations. With such a steady, dependable business, it's not surprising that Enbridge has achieved its financial guidance for 19 consecutive years. Ebel believes the company is on track to extend that streak in 2025. Want more? Enbridge is also poised for solid growth. The company expects to grow its business by around 5% per year through the end of this decade. This bodes well for future dividend increases. Multiple tailwinds should work in Enbridge's favor, including increased industrial demand, coal-to-gas conversions, and data center construction. Enbridge has a secured growth backlog of $28 billion. It expects to deploy between $8 billion and $9 billion each year on those capital projects. The company should have an extra $1 billion to $2 billion on top of that to allocate to new strategic projects or tuck-in mergers and acquisitions. Income investors can't always get what they want. But with Enbridge, I think they'll come quite close. Before you buy stock in Enbridge, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Enbridge wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $613,951!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $796,353!* Now, it's worth noting Stock Advisor's total average return is 948% — a market-crushing outperformance compared to 170% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 12, 2025 Keith Speights has positions in Enbridge. The Motley Fool has positions in and recommends Enbridge. The Motley Fool has a disclosure policy. This 6%-Yielding Dividend Stock Is Low Risk and Poised for Solid Growth was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
12-05-2025
- Business
- Yahoo
Enbridge Reaffirms Guidance After Strong Q1 Rally
Enbridge (NYSE:ENB) posts a stronger-than-expected Q1 with record EBITDA, DCF and earnings, underpinned by U.S. utility acquisitions and high asset utilization. Enbridge delivered adjusted EPS of C$1.03 versus C$0.95 consensus and generated C$5.8 billion of adjusted EBITDA, beating no-street forecasts for that metric. Distributable cash flow per share rose to C$3.80, and operating cash flow totaled C$3.1 billion, only slightly below the C$3.2 billion from Q1 2024 despite seasonally heavy capex. Warning! GuruFocus has detected 11 Warning Signs with ENB. Liquids Mainline volumes hit a record 3.2 million barrels per day, and gas transmission and distribution benefited from new rate structures and contributions from recently acquired U.S. utilities. Renewables added to the mix with the 130 MW Orange Grove Solar project coming online. CEO Greg Ebel reaffirmed full-year guidanceadjusted EBITDA of C$19.4 billionC$20 billion and DCF per share of C$5.50C$5.90emphasizing the low-risk, utility-like model's resilience against commodity swings. The company has sanctioned C$3 billion of projects year-to-date, including Mainline optimization initiatives (up to C$2 billion) and a 10% stake in the Matterhorn Express Pipeline. Enbridge is also advancing a $14 billion pipeline of natural-gas power projects, with $1 billion$2 billion expected to sanction over the next 618 months. Why It Matters: Record results and robust project execution reinforce Enbridge's ability to invest C$3 billion annually in low-risk assets, supporting sustainable DCF growth. This article first appeared on GuruFocus. Sign in to access your portfolio
