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Enbridge Extends Visible Growth Outlook, Reiterates Strategic Priorities and Announces Accretive Investments
Enbridge Extends Visible Growth Outlook, Reiterates Strategic Priorities and Announces Accretive ...
About this update from Enbridge Inc.
[{"type":"text","content":"\n \n \n \n Enbridge Extends Visible Growth Outlook, Reiterates Strategic Priorities and Announces Accretive Investments\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prngen3{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnml6{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.50em !IMPORTANT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n March 6, 2024\n \n \n /CNW/ - Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) is providing an update on its strategic priorities and financial outlook, which will be further discussed at the Company's investor conference today in New York. A virtual broadcast of the event is also available for registered participants.\n \n \n \n Highlights\n \n \n \n \n Extending average annual growth rate through 2026 of:\n \n \n \n 7%-9% for adjusted earnings before interest, income taxes and depreciation (\"EBITDA\")\n \n \n 4%-6% for earnings per share (\"EPS\"); and\n \n \n ~3% for distributable cash flow (\"DCF\") per share\n \n \n \n Reaffirming average annual growth rate of ~5% post 2026 for adjusted EBITDA, DCF per share and adjusted EPS\n \n \n Reaffirmed 2024 full year financial guidance for EBITDA and DCF per share. The U.S. gas utilities acquisitions announced on September 5, 2023 (the \"Acquisitions\") are expected to close at different times during 2024 and are not included in the 2024 financial guidance\n \n \n Generating annual investment capacity\n \n 1\n \n , after dividends, of up to\n \n $9 billion\n \n while maintaining a strong balance sheet within target leverage range of 4.5x-5.0x\n \n \n Investing approximately $3+ bi...