Market Summary
USD34.30-0.65
Market Closed-1.86%
ENB Stock Price
ENB RSI Chart
ENB Valuation
ENB Price/Sales (Trailing)
ENB Profitability
ENB Fundamentals
ENB Revenue
ENB Earnings
Price Action
52 Week Range
33.0042.12
(Low)(High)
Last 7 days
1.8%
Last 30 days
0.6%
Last 90 days
-4.7%
Trailing 12 Months
-12.8%
ENB Financial Health
ENB Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for ENB
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2019-06-14 | CUNNINGHAM SUSAN M | acquired | - | - | 258 | - |
2019-06-14 | Williams Catherine Lynne | acquired | - | - | 690 | - |
2019-06-14 | England James Herbert | acquired | - | - | 1,229 | - |
2019-06-05 | Monaco Albert | bought | 390,909 | 49.81 | 7,848 | see remarks |
2019-03-26 | Yardley William T. | sold | -550,965 | 36.9775 | -14,900 | see remarks |
2019-03-22 | CUNNINGHAM SUSAN M | acquired | - | - | 146 | - |
2019-03-22 | Williams Catherine Lynne | acquired | - | - | 727 | - |
2019-03-22 | England James Herbert | acquired | - | - | 1,295 | - |
2019-03-08 | Yardley William T. | back to issuer | -290,787 | 35.82 | -8,118 | see remarks |
2019-03-08 | Hansen Cynthia L | back to issuer | -202,444 | 42.45 | -4,769 | see remarks |
Which funds bought or sold ENB recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-20 | Mondrian Investment Partners LTD | unchanged | - | -1,588 | 68,357 | -% |
2023-09-19 | BIRMINGHAM CAPITAL MANAGEMENT CO INC/AL | reduced | -6.32 | -36,438 | 378,596 | 0.16% |
2023-09-13 | CGC Financial Services, LLC | new | - | 22,773 | 22,773 | 0.01% |
2023-09-12 | Farther Finance Advisors, LLC | unchanged | - | -710 | 27,242 | 0.01% |
2023-09-12 | DAVIDSON KEMPNER CAPITAL MANAGEMENT LP | sold off | -100 | -11,445,000 | - | -% |
2023-09-12 | DCM Advisors, LLC | added | 2.05 | -1,727 | 275,356 | 0.12% |
2023-09-08 | TUCKER ASSET MANAGEMENT LLC | reduced | -15.2 | -3,542 | 16,792 | -% |
2023-09-07 | ST GERMAIN D J CO INC | new | - | 29,726 | 29,726 | -% |
2023-09-07 | Strategic Financial Concepts, LLC | reduced | -10.43 | -32,460 | 221,796 | 0.08% |
2023-09-01 | Manhattan West Asset Management, LLC | added | 37.14 | 571,894 | 2,276,590 | 0.85% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Enbridge
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 09, 2023 | blackrock inc. | 5.3% | 106,317,024 | SC 13G/A | |
| Feb 08, 2022 | blackrock inc. | 5.2% | 105,484,148 | SC 13G | |
| Feb 16, 2021 | capital international investors | 3.8% | 76,791,411 | SC 13G/A | |
| Feb 14, 2020 | capital international investors | 6.7% | 135,674,856 | SC 13G/A | |
| Feb 14, 2020 | capital world investors | 0.7% | 15,456,876 | SC 13G |
Recent SEC filings of Enbridge
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 20, 2023 | 424B5 | Prospectus Filed | |
| Sep 18, 2023 | FWP | Prospectus Filed | |
| Sep 18, 2023 | 424B5 | Prospectus Filed | |
| Sep 12, 2023 | 8-K | Current Report | |
| Sep 08, 2023 | 8-K | Current Report | |
| Sep 06, 2023 | 424B5 | Prospectus Filed | |
| Sep 05, 2023 | FWP | Prospectus Filed | |
| Sep 05, 2023 | FWP | Prospectus Filed | |
| Sep 05, 2023 | 8-K | Current Report | |
| Sep 05, 2023 | 424B5 | Prospectus Filed |
ENB Fair Value
Loading...
Peers (Alternatives to Enbridge)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
ENB | 70.7B | 47.5B | 0.63% | -12.80% | 17.12 | 1.49 | -9.08% | -22.60% |
ET | 40.6B | 80.8B | 6.92% | 21.86% | 8.97 | 1.48 | -1.23% | 0.82% |
KMI | 37.6B | 17.1B | -2.88% | -4.33% | 14.97 | 2.19 | -3.10% | 3.16% |
MPLX | 34.3B | 11.5B | 0.34% | 10.77% | 8.45 | 2.93 | 5.75% | 23.65% |
MMP | 12.8B | 3.5B | 4.87% | 39.08% | 12.39 | 3.78 | 19.66% | 2.99% |
| MID-CAP | ||||||||
PAA | 9.4B | 51.2B | 1.23% | 33.80% | 7.41 | 0.17 | -4.81% | 74.39% |
DKL | 2.0B | 1.1B | 5.29% | -16.24% | 13.01 | 1.9 | 42.53% | -0.22% |
HEP | - | 574.6M | 2.70% | 23.49% | - | - | 15.60% | 8.47% |
PAGP | - | 51.2B | 2.58% | 35.22% | - | - | -4.81% | 105.31% |
| SMALL-CAP | ||||||||
NS | 1.9B | 308.0M | 11.81% | 23.64% | 8.53 | 8.41 | 145.69% | 7305.10% |
SMLP | - | 384.8M | -4.56% | -16.92% | - | - | -2.94% | 38.53% |
PBFX | 1.2B | - | -5.36% | 88.83% | 8.18 | 3.45 | - | - |
Enbridge News
Returns for ENB
Cumulative Returns on ENB
3.0%
10-Year Cumulative Returns
2.1%
7-Year Cumulative Returns
6.1%
5-Year Cumulative Returns
10.0%
3-Year Cumulative Returns
Risks for ENB
What is the probability of a big loss on ENB?
37.7%
Probability that Enbridge stock will be more than 20% underwater in next one year
19.2%
Probability that Enbridge stock will be more than 30% underwater in next one year.
0%
Probability that Enbridge stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does ENB drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Enbridge was unfortunately bought at previous high price.
Drawdowns
Financials for Enbridge
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | -5.5% | 47,504 | 50,287 | 53,309 | 52,355 | 52,248 | 49,981 | 47,071 | 44,609 | 42,253 | 39,261 | 39,087 | 41,431 | 43,919 | 49,226 | 50,069 | 49,279 | 49,026 | 46,508 | 46,378 | 47,705 | 45,587 |
| S&GA Expenses | 0.4% | 8,415 | 8,381 | 8,219 | 7,960 | 7,538 | 7,028 | 6,712 | 6,504 | 6,391 | 6,708 | 6,749 | 6,885 | 7,072 | 6,966 | 6,991 | 6,924 | 6,835 | 6,776 | 6,792 | 6,587 | 6,522 |
| EBITDA | -100.0% | - | 12,041 | 12,038 | 14,809 | 13,831 | 14,574 | 14,236 | 14,060 | 14,443 | 15,103 | 10,692 | 9,570 | 9,385 | 9,132 | 13,589 | - | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.24* | 0.23* | 0.28* | 0.26* | 0.29* | 0.30* | 0.32* | 0.34* | 0.38* | 0.27* | 0.23* | 0.21* | 0.19* | 0.27* | - | - | - | - | - | - |
| Interest Expenses | 2.7% | 3,457 | 3,365 | 3,179 | 3,048 | 2,890 | 2,717 | 2,655 | 2,608 | 2,678 | 2,741 | 2,790 | 2,802 | 2,728 | 2,684 | 2,663 | 2,627 | 2,679 | 2,732 | 2,703 | 2,894 | 2,851 |
| Earnings Before Taxes | 41.7% | 6,048 | 4,268 | 4,542 | 7,519 | 6,831 | 7,882 | 7,729 | 7,701 | 8,023 | 8,600 | 4,190 | 3,137 | 3,117 | 3,015 | 7,535 | 7,531 | 6,776 | 5,740 | 3,570 | -1,223 | -441 |
| EBT Margin | -100.0% | - | 0.08* | 0.09* | 0.14* | 0.13* | 0.16* | 0.16* | 0.17* | 0.19* | 0.22* | 0.11* | 0.08* | 0.07* | 0.06* | 0.15* | - | - | - | - | - | - |
| Net Income | 48.0% | 4,131 | 2,791 | 3,003 | 5,919 | 5,337 | 6,226 | 6,189 | 6,127 | 6,431 | 6,688 | 3,363 | 2,334 | 2,295 | 2,386 | 5,705 | 6,047 | 5,006 | 4,334 | 2,882 | 1,989 | 2,832 |
| Net Income Margin | -100.0% | - | 0.06* | 0.06* | 0.11* | 0.10* | 0.12* | 0.13* | 0.14* | 0.15* | 0.17* | 0.09* | 0.06* | 0.05* | 0.05* | 0.11* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 7,429 | 6,583 | 4,372 | 3,581 | 2,824 | 1,438 | 2,118 | 2,831 | 3,219 | 4,376 | 4,166 | 4,894 | 5,004 | 3,906 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | -1.8% | 173,942 | 177,070 | 179,608 | 181,775 | 172,816 | 169,391 | 168,864 | 164,532 | 160,727 | 160,695 | 160,276 | 162,488 | 164,694 | 170,254 | 163,157 | 166,641 | 164,828 | 166,508 | 166,905 | 163,223 | 165,436 |
| Current Assets | -9.6% | 8,968 | 9,918 | 12,147 | 10,807 | 10,427 | 10,294 | 8,959 | 8,558 | 8,162 | 7,634 | 7,350 | 6,424 | 6,957 | 8,151 | 8,713 | 8,055 | 8,393 | 8,382 | 8,572 | 7,831 | 7,984 |
| Cash Equivalents | 5.5% | 1,030 | 976 | 861 | 1,021 | 1,088 | 454 | 320 | 515 | 459 | 524 | 490 | 692 | 497 | 840 | 676 | 872 | 767 | 757 | 637 | 726 | 622 |
| Inventory | -7.6% | 1,211 | 1,311 | 2,255 | 2,346 | 1,546 | 1,212 | 1,670 | 1,495 | 1,480 | 853 | 1,536 | 1,368 | 961 | 699 | 1,299 | 1,261 | 1,284 | 1,047 | 1,339 | 1,362 | 1,205 |
| Net PPE | -0.3% | 103,955 | 104,251 | 104,460 | 105,251 | 101,290 | 99,346 | 100,067 | 98,097 | 95,273 | 95,141 | 94,571 | 95,990 | 96,302 | 98,483 | 93,723 | 94,379 | 93,202 | 93,875 | 94,540 | 90,679 | 94,058 |
| Goodwill | -1.6% | 31,886 | 32,411 | 32,440 | 392 | 33,277 | 32,503 | 32,775 | 268 | 32,014 | 32,365 | 32,688 | 33,832 | 34,387 | 35,549 | 33,153 | 33,668 | 33,342 | 33,895 | 34,459 | 33,477 | 35,436 |
| Liabilities | -1.9% | 109,904 | 112,045 | 116,210 | 114,345 | 108,279 | 105,118 | 105,496 | 99,870 | 95,831 | 94,707 | 95,913 | 94,053 | 94,753 | 97,963 | 93,750 | 93,965 | 92,023 | 92,589 | 93,470 | 91,004 | 92,771 |
| Current Liabilities | -16.4% | 14,025 | 16,778 | 20,301 | 17,910 | 17,975 | 15,212 | 18,229 | 15,441 | 13,550 | 12,926 | 13,979 | 11,598 | 11,440 | 13,988 | 15,898 | 13,548 | 13,368 | 13,125 | 14,855 | 13,167 | 14,313 |
| Short Term Borrowings | -41.0% | 848 | 1,437 | 1,996 | 1,882 | 1,620 | 1,604 | 1,515 | 1,205 | 1,410 | 1,094 | 1,121 | 969 | 355 | 835 | 898 | 1,269 | 916 | 870 | 1,024 | 1,251 | 1,014 |
| Long Term Debt | 1.1% | 72,530 | 71,740 | 72,939 | 73,960 | 70,005 | 70,490 | 67,961 | 65,036 | 63,090 | 62,688 | 62,819 | 62,967 | 63,680 | 63,571 | 59,661 | 60,879 | 60,017 | 60,680 | 60,327 | 58,707 | 59,940 |
| Shareholder's Equity | -1.5% | 60,618 | 61,539 | 59,887 | 64,832 | 64,537 | 64,273 | 60,826 | 64,662 | 64,896 | 65,988 | 64,363 | 68,435 | 69,941 | 72,291 | 69,407 | 72,676 | 72,805 | 73,919 | 73,435 | 67,898 | 68,232 |
| Retained Earnings | 0.1% | -13,746 | -13,753 | -15,486 | -10,880 | -10,418 | -9,082 | -10,989 | -9,397 | -8,388 | -8,093 | -9,995 | -8,442 | -7,797 | -7,808 | -6,314 | -3,932 | -3,392 | -3,640 | -5,538 | -3,718 | -2,649 |
| Additional Paid-In Capital | 6.2% | 291 | 274 | 275 | 312 | 305 | 316 | 365 | 324 | 324 | 324 | 277 | 265 | 207 | 202 | 187 | 206 | 194 | 72.00 | - | 4,346 | 4,311 |
| Shares Outstanding | -0.1% | 2,023 | 2,025 | 2,025 | 2,025 | 2,025 | 2,026 | 2,026 | 2,026 | 2,026 | 2,026 | 2,026 | 2,025 | 2,025 | 2,025 | 2,025 | 2,024 | 2,024 | 2,024 | 2,022 | 1,794 | 1,715 |
| Minority Interest | -1.9% | 3,420 | 3,486 | 3,511 | 2,598 | 2,539 | 2,536 | 2,542 | 2,575 | 2,870 | 2,930 | 2,996 | 3,231 | 3,315 | 3,448 | 3,364 | 3,389 | 3,451 | 3,614 | 3,900 | 7,111 | 6,100 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 7.4% | 13,062 | 12,157 | 11,230 | 9,507 | 9,676 | 9,631 | 9,256 | 9,620 | 9,609 | 9,536 | 9,781 | 9,520 | 9,953 | 10,031 | 9,398 | 9,908 | 8,634 | 9,484 | 10,502 | 9,342 | 9,449 |
| Cashflow From Investing | -1.7% | -5,483 | -5,389 | -5,270 | -7,908 | -9,176 | -10,017 | -10,657 | -7,440 | -6,512 | -5,865 | -5,177 | -3,273 | -3,467 | -3,780 | -4,658 | -4,974 | -3,335 | -3,097 | -3,017 | -6,075 | -8,347 |
| Cashflow From Financing | -21.8% | -7,593 | -6,234 | -5,428 | -1,127 | 94.00 | 318 | 1,236 | -2,347 | -3,109 | -3,949 | -4,770 | -6,466 | -6,811 | -6,230 | -4,745 | -4,816 | -5,162 | -6,395 | -7,503 | -3,416 | -1,601 |
| Dividend Payments | 0.8% | 7,078 | 7,024 | 6,968 | 6,918 | 6,869 | 6,817 | 6,766 | 6,714 | 6,662 | 6,610 | 6,560 | 6,413 | 6,277 | 6,128 | 5,973 | 5,706 | 4,963 | 4,202 | 3,480 | 2,927 | 2,816 |
| Buy Backs | 23.8% | 125 | 101 | 151 | 151 | 151 | 50.00 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
ENB Income Statement
2023-06-30CONSOLIDATED STATEMENTS OF EARNINGS - CAD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Operating revenues | ||||
| Total operating revenues | $ 10,432 | $ 13,215 | $ 22,507 | $ 28,312 |
| Operating expenses | ||||
| Operating and administrative | 2,028 | 1,994 | 4,065 | 3,869 |
| Depreciation and amortization | 1,137 | 1,064 | 2,283 | 2,119 |
| Total operating expenses | 8,082 | 11,695 | 17,495 | 24,372 |
| Operating income | 2,350 | 1,520 | 5,012 | 3,940 |
| Income from equity investments | 478 | 510 | 995 | 1,001 |
| Other income/(expense) | 575 | (499) | 677 | (41) |
| Interest expense | (883) | (791) | (1,788) | (1,510) |
| Earnings before income taxes | 2,520 | 740 | 4,896 | 3,390 |
| Income tax expense | (519) | (133) | (1,029) | (726) |
| Earnings | 2,001 | 607 | 3,867 | 2,664 |
| Earnings attributable to noncontrolling interests | (66) | (12) | (115) | (40) |
| Earnings attributable to controlling interests | 1,935 | 595 | 3,752 | 2,624 |
| Preference share dividends | (87) | (145) | (171) | (247) |
| Earnings attributable to common shareholders | $ 1,848 | $ 450 | $ 3,581 | $ 2,377 |
| Earnings per common share attributable to common shareholders (in Canadian dollars per share) | $ 0.91 | $ 0.22 | $ 1.77 | $ 1.17 |
| Diluted earnings per common share attributable to common shareholders (in Canadian dollars per share) | $ 0.91 | $ 0.22 | $ 1.77 | $ 1.17 |
| Commodity sales | ||||
| Operating revenues | ||||
| Total operating revenues | $ 4,679 | $ 8,108 | $ 9,462 | $ 16,433 |
| Operating expenses | ||||
| Commodity costs and Gas distribution costs | 4,549 | 8,181 | 9,185 | 16,472 |
| Gas distribution sales | ||||
| Operating revenues | ||||
| Total operating revenues | 792 | 905 | 3,071 | 3,003 |
| Operating expenses | ||||
| Commodity costs and Gas distribution costs | 368 | 456 | 1,962 | 1,912 |
| Transportation and other services | ||||
| Operating revenues | ||||
| Total operating revenues | $ 4,961 | $ 4,202 | $ 9,974 | $ 8,876 |
ENB Balance Sheet
2023-06-30CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - CAD ($) shares in Millions, $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current assets | ||
| Cash and cash equivalents | $ 1,030 | $ 861 |
| Restricted cash | 60 | 46 |
| Trade receivables and unbilled revenues | 3,725 | 5,616 |
| Other current assets | 2,775 | 3,255 |
| Inventory | 1,211 | 2,255 |
| Current assets | 8,968 | 12,147 |
| Property, plant and equipment, net | 103,955 | 104,460 |
| Long-term investments | 15,258 | 15,936 |
| Restricted long-term investments | 664 | 593 |
| Deferred amounts and other assets | 9,185 | 9,542 |
| Intangible assets, net | 3,764 | 4,018 |
| Goodwill | 31,886 | 32,440 |
| Deferred income taxes | 262 | 472 |
| Total assets | 173,942 | 179,608 |
| Current liabilities | ||
| Short-term borrowings | 848 | 1,996 |
| Trade payables and accrued liabilities | 3,660 | 6,172 |
| Other current liabilities | 2,559 | 5,220 |
| Interest payable | 824 | 763 |
| Current portion of long-term debt | 6,086 | 6,045 |
| Current liabilities | 14,025 | 20,301 |
| Long-term debt | 72,530 | 72,939 |
| Other long-term liabilities | 8,847 | 9,189 |
| Deferred income taxes | 14,502 | 13,781 |
| Total liabilities | 109,904 | 116,210 |
| Contingencies | ||
| Share capital | ||
| Preference shares | 6,818 | 6,818 |
| Common shares (2,023 and 2,025 outstanding at June 30, 2023 and December 31, 2022, respectively) | 64,694 | 64,760 |
| Additional paid-in capital | 291 | 275 |
| Deficit | (13,746) | (15,486) |
| Accumulated other comprehensive income | 2,561 | 3,520 |
| Total Enbridge Inc. shareholders’ equity | 60,618 | 59,887 |
| Noncontrolling interests | 3,420 | 3,511 |
| Equity | 64,038 | 63,398 |
| Total liabilities and equity | $ 173,942 | $ 179,608 |
| Common shares, outstanding (in shares) | 2,023 | 2,025 |
| Related Party | ||
| Current assets | ||
| Accounts receivable from affiliates | $ 167 | $ 114 |
| Current liabilities | ||
| Accounts payable to affiliates | $ 48 | $ 105 |
Enbridge Inc. operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States. The Gas Transmission and Midstream segment invests in natural gas pipelines, and gathering and processing facilities in Canada and the United States. The Gas Distribution and Storage segment is involved in natural gas utility operations serving residential, commercial, and industrial customers in Ontario, as well as natural gas distribution and energy transportation activities in Quebec. The Renewable Power Generation segment operates power generating assets, such as wind, solar, geothermal, and waste heat recovery facilities; and transmission assets in North America and Europe. The Energy Services segment provides energy marketing services to refiners, producers, and other customers; and physical commodity marketing and logistical services in Canada and the United States. The company was formerly known as IPL Energy Inc. and changed its name to Enbridge Inc. in October 1998. Enbridge Inc. was founded in 1949 and is headquartered in Calgary, Canada.