ENB

Over the past six months, Enbridge announced the acquisition of Tallgrass Energy's crude oil business for US$2.55 billion in September 2026, following a $19 billion acquisition of three U.S. gas utilities in 2024. The company closed a CDN$3.0 billion public offering in September 2026 to support growth. CEO Greg Ebel is set to retire at the end of 2026, with Michele Harradence succeeding him on January 1, 2027. The stock price decreased by 1.70% over the last 12 months and 2.98% in the past month as of September 22, 2026, influenced by broader market pressures and interest rates. The gas transmission business received regulatory approvals for rate applications, and Enbridge Gas Ohio filed a new rate case, while Enbridge Gas Utah and North Carolina achieved higher base rates. The company sanctioned approximately $3 billion in growth projects during Q3 2025. For Q2 2026, Enbridge reported earnings per share of $0.46, exceeding expectations.