Canada’s biggest pipeline company said it would boost its dividend by three per cent, to 94.25 cents per share, starting in March. (The Logic)
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Canada’s biggest pipeline company said it would boost its dividend by three per cent, to 94.25 cents per share, starting in March. (The Logic)
Talking point: Enbridge expects earnings before interest, taxes, depreciation and amortization of between $19.4 billion and $20 billion in 2025, a 17 per cent increase from the Calgary-based company’s original 2024 forecast. Fossil-fuel producers and transporters like Enbridge have enjoyed strong commodity prices due in part to growing electricity demand to feed AI servers. “Global oil consumption has rebounded to all-time highs and increasing natural gas demand is being driven by LNG growth, coal to gas switching and the rapid increase in electric power demand stemming from new data centre developments,” Enbridge CEO Greg Ebel said in a statement.
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