Company Summary
Headquartered in Calgary, Alberta, Enbridge Inc. is a leading energy infrastructure company. One of its businesses is the transportation of energy through the most extensive and advanced crude and liquids pipeline system that spreads across 17,809 miles globally. Through the Mainline and Express pipelines, the company transports 3 million barrels of crude every day which accounts for almost 63% of the Canadian crude oil production that are transported to the U.S.
In North America, the company holds a leading position in the gathering, transportation, processing and storage of natural gas. In fact, in Canada, the company is touted to be the largest natural gas distributer. Enbridge also generates energy from wind and solar power, having a capacity of about 2,371 megawatts (MW) of net renewable.
In other words, Enbridge is the largest diversified midstream energy player and is responsible for transporting 30% of the crude volumes in North America. The firm is also responsible for transporting roughly 20% of North American natural gas volumes. In Ontario, Enbridge distributes approximately 2 billion cubic feet of gas on a daily basis.
Investors should know that Enbridge generates stable fee-based revenues from its diversified network of midstream assets. Over the years, the company placed online new midstream energy projects worth billions, while divesting non-core assets. The midstream infrastructure provider also authorized new developments worth approximately $7 billion.
The company had about 17,000 employees that are mainly concentrated in Canada and the U.S. The company primarily operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution & Storage, Renewable Power Generation, and Energy Services. The company primarily operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution & Storage, Renewable Power Generation, and Energy Services.