ENB Earnings Prediction
The chart below shows how ENB performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ENB sees a -1.98% change in stock price 10 days leading up to the earnings, and a -0.48% change 10 days following the report. On the earnings day itself, the stock moves by +0.60%. This data can give you a slight idea of what to expect for the next quarter's release.
ENB Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
16.04B
43.63%
7.49%
Gross Margin
31.37%
-24.77%
0.35%
Operating Margin
14.62%
-24.95%
-8.17%
Net Margin
3.85%
-72.58%
-60.31%
EPS
0.23
-71.60%
-61.02%
No Data Available
ENB Earnings Analysis
Enbridge Inc Corporation (ENB.N) Earnings Conference Call
Positive
EBITDA Growth Achievement: Record financial performance with a 13% increase in EBITDA over 2023, reaching record levels for both fourth quarter and full year earnings.
Total Shareholder Return Growth: Achieved a 37% total shareholder return in 2024, demonstrating strong returns for investors.
Dividend Aristocrat Achievement: Increased dividend for the thirtieth consecutive year, reinforcing status as a dividend aristocrat in the sector.
Acquisition of Gas Utilities: Closed acquisition of three premier U.S. natural gas utilities, creating the largest gas utility franchise in North America.
Organic Project Backlog Growth: Added over $8 billion of organic projects to the backlog, with approximately $3 billion of annual utility investment expected to earn strong returns.
Asset Recycling Success: Successfully recycled over $15 billion of assets since 2014, including recent sales that generated approximately $3.2 billion in proceeds.
Consistent Financial Performance: Achieved 19 consecutive years of meeting or exceeding financial guidance, showcasing the stability of the business model.
Gulf Coast Infrastructure Investment: Sanctioned approximately $4 billion of new capital projects focused on U.S. Gulf Coast infrastructure, extending growth backlog through the decade.
High Utilization in Gas Transmission: Gas transmission business recorded high utilization rates, with new throughput records and strong demand for natural gas services.
Solar Project Expansion: Renewables platform advanced with the sanctioning of 1.2 gigawatts of new solar projects, supported by long-term contracts with high-quality customers.
Negative
Earnings Performance Concerns: Record fourth quarter and full year earnings were reported, but there were concerns about the sustainability of this performance in the face of macroeconomic challenges.
Trade Relations Uncertainties: Despite a 37% total shareholder return, there are uncertainties regarding North American trade relations that could impact future performance.
Increased Financing Costs: The company experienced a significant increase in financing costs due to higher average rates and debt balances from the closure of various U.S. utilities, which could affect profitability.
Gas Transmission Growth Concerns: While the gas transmission business saw growth, it was partially offset by the sale of interests in partnerships, raising questions about long-term growth sustainability.
Interest Rate Impact Concerns: The company acknowledged potential headwinds from a slower than expected decline in U.S. interest rates, which could impact financial performance going forward.
Project Delay Risks: The delay in the Calvados project entering service until 2027 is a setback compared to the original schedule, indicating potential project execution risks.
ENB FAQs
How does ENB typically perform around its earnings report dates?
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ENB Earning Call Sentiment
Earnings call transcript: Enbridge Q4 2024 posts record EBITDA, EPS beat
ENB.N
-0.05%Positive
The earnings call summary indicates strong financial performance, including significant increases in EBITDA and DCF per share, and a commitment to dividend growth. Despite some regulatory and supply chain risks, the company's strategic acquisitions and growth projects, especially in renewables, are promising. The Q&A section reveals management's confidence in navigating regulatory challenges and market opportunities. Overall, the positive financial results, strategic growth initiatives, and dividend increase suggest a positive stock price movement over the next two weeks.
