Enbridge Inc. (NYSE:ENB) Q3 2024 Earnings Call Transcript

November 1, 2024 9:00 AM ET

Company Participants:

Rebecca Morley – Vice President, Investor Relations

Greg Ebel – President, CEO & Director

Pat Murray – Executive VP & CFO

Colin Gruending – Executive VP & President of Liquids Pipelines

Cynthia Hansen – Executive VP and President of Gas Transmission & Midstream

Michele Harradence – Head, Gas Distribution and Storage

Matthew Akman – Executive VP of Corporate Strategy & President of Power

Good morning and welcome to the Enbridge Third Quarter 2024 Financial Results Conference Call. My name is Rebecca Morley and I’m the Vice President of Investor Relations.

Today, we are thrilled to share with you the financial outcomes of the third quarter of 2024 for Enbridge Inc. As a leading energy infrastructure company, we are dedicated to providing reliable and sustainable energy transportation and distribution services across North America.

During this quarter, we have seen strong performance in our pipeline and storage businesses, with increased demand for our services in both the liquids and gas sectors. Our team has worked tirelessly to ensure the safe and efficient operation of our assets, despite the challenges posed by the current economic and regulatory environment.

We are pleased to report a significant increase in our revenue and earnings for this quarter, reflecting the resilience of our business model and the dedication of our employees. This success would not have been possible without the trust and support of our investors, customers, and partners.

Looking ahead, we remain committed to our goal of delivering long-term value for our shareholders, while also contributing to the transition towards a more sustainable energy future. We are exploring new opportunities for growth and innovation, as we continue to adapt to the changing landscape of the energy industry.

Thank you for joining us today and for your continued interest in Enbridge Inc. We appreciate your ongoing partnership and look forward to a prosperous future together. Now, I would like to open the floor for questions from our conference call participants.

How This Will Affect You:

As a shareholder or potential investor in Enbridge Inc., the positive results of the third quarter earnings call indicate a strong financial performance and potential for growth in the company. This could lead to an increase in stock value and dividends, providing a return on your investment.

How This Will Affect the World:

Enbridge Inc.’s success in the energy sector plays a crucial role in ensuring the reliable and sustainable transportation of energy resources across North America. By maintaining a focus on safe operations and innovation, the company contributes to the overall stability and efficiency of the energy industry, benefiting consumers and the environment.

Conclusion:

In conclusion, the third quarter earnings call for Enbridge Inc. reflects the company’s solid financial performance and dedication to sustainable energy transportation. With a focus on innovation and growth, Enbridge continues to be a leading player in the industry, providing value for shareholders and contributing to a more sustainable energy future.