Full year GAAP earnings of $2.6 billion or $1.28 per common share, compared with GAAP earnings of $5.8 billion or $2.87 per common share in 2021
Adjusted earnings* of $5.7 billion or $2.81 per common share*, compared with $5.6 billion or $2.74 per common share in 2021
Adjusted earnings before interest, income taxes and depreciation and amortization (EBITDA)* of $15.5 billion, compared with $14.0 billion in 2021
Cash provided by operating activities of $11.2 billion, compared with $9.3 billion in 2021
Distributable cash flow (DCF)* of $11.0 billion or $5.42 per common share*, compared with $10.0 billion or $4.96 per common share in 2021
Exited 2022 in a strong financial position with Debt to EBITDA of 4.7x
Reaffirmed 2023 full year guidance range for EBITDA of $15.9 billion to $16.5 billion and DCF per share of $5.25 to $5.65
Increased the 2023 quarterly dividend by 3.2% to $0.8875 ($3.55 annualized) per share reflecting the 28th consecutive annual increase -- in fact, previously posted -- nothing new for those following the company.
Increased ownership in Gray Oak Pipeline by a further 10% bringing Enbridge's interest to 68.5%
Toll Settlement reached with B.C. Pipeline shippers and approved by the CER for a five-year term ending in 2026
Rate case settlement reached with Texas Eastern Transmission, LP (TETLP) shippers and approved by the Federal Energy Regulatory Commission (FERC)
Completed the previously announced US$1.5 billion investment in Woodfibre LNG
Successfully placed into service, $4B of conventional and renewable projects in 2022
Advanced $18 billion portfolio of growth and expansion projects across the enterprise
Advanced low-carbon strategy announcing a partnership with Oxy Low Carbon Ventures to transport and sequester carbon dioxide in the Corpus Christi area
Filed rebasing and incentive rate-setting application at Enbridge Gas Inc. (EGI) for the next five years
Announced the renewal of Enbridge's normal course issuer bid (NCIB) of up to $1.5 billion
Issued a $900 million Sustainability-Linked Bond (SLB) in Canada, further strengthening Enbridge's commitment to its emissions reduction goals
Saturday, February 11, 2023
ENB Increases Quarterly Dividend -- 4Q22 Earnings Release
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