Along with this announcement, ENB has launched a binding open season for a $2.5-billion-plus expansion of BC Pipeline’s T-South section.”īelieving its “strong leverage metrics remain supportive of equity self-funded growth mode,” Mr.
Woodfibre is expected to enter service in 2027. In exchange for its capital contribution, ENB will receive a preferred equity interest that provides predictable future cash flows.
“ENB is investing a 30-per-cent equity interest in the $5.1-billion, 2.1 MTPA Woodfibre floating LNG project in BC alongside partner Pacific Energy Corp.(Private). “In addition to advancing its existing capital program, ENB added new secured growth in the quarter ,including $0.4-billion of new projects previously announced to serve natural gas demand from the Plaquemines LNG facility and an estimated $1.2-billion expansion to BC Pipeline’s T-North section (est. He sees Enbridge continues to advancing its capital plan and developing new opportunities, “including investment downstream into LNG liquefaction that aligns with risk preference.” Weekes said the results reflect “solid EBITDA and DCF per share growth driven by the numerous capital projects placed into service during the year, the acquisition of the Ingleside Energy Centre, and favourable operating conditions in several areas of the business.” the company also reaffirmed its full-year guidance, projecting adjusted EBITDA of $15.0-$15.6-billion and distributable cash flow per share of $5.20-5.50. Adjusted earnings per share of 67 cents was flat from the same period a year ago, matching the analyst’s forecast and 4 cents below the consensus expectation.Ĭoncurrently. On Friday, Enbridge reported adjusted earnings before interest, taxes, depreciation and amortization of $3.715-billion, up 12.5 per cent year-over-year and above the estimates of both Mr.
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