Enbridge: Dividend Powerhouse Outperforms Market

Enbridge stands as one of North America's largest energy infrastructure firms, playing a critical role in the continent's energy supply. It is responsible for transporting approximately 30% of the crude oil produced and nearly 20% of the natural gas consumed in the United States. Beyond its extensive pipeline network, Enbridge also operates the largest natural gas utility by volume and is actively investing in renewable energy sources.

The company has strategically expanded and diversified its operations over the past several years. Significant investments in organic capital projects across its four core segments—liquids pipelines, gas transmission, gas distribution, and power—have bolstered its infrastructure. These developments include expanding oil pipelines, constructing new natural gas lines, and advancing renewable energy initiatives, such as offshore wind projects in Europe.

Recent strategic acquisitions have further reshaped Enbridge's business profile. Notably, the company completed a transformative $14 billion deal in 2023 to acquire three U.S. natural gas utilities from Dominion. This acquisition substantially enlarged its gas distribution segment, marking a continued shift in its earnings composition away from reliance on liquids pipelines.