Enbridge

Enbridge agreed to acquire Blackstone-owned Tallgrass Energy’s crude oil business for $2.55 billion in cash, including a 75% stake in the 1,050-mile Pony Express pipeline, a 51% interest in the Powder River Gateway system, about 8.4 million barrels of storage and crude marketing operations. The assets boost Enbridge’s presence in the Rockies, Bakken, Powder River and Denver‑Julesburg basins and are expected to add predictable, infrastructure-style free cash flow and increase distributable cash flow per share in the first full year after closing. The company plans to partly fund the deal with an equity offering, which could dilute shareholders, and integration execution and longer-term crude demand pose key risks to realizing expected synergies. » Więcej na finance.yahoo.com

Enbridge shares fell 3.1% in after-hours trading to $48.62 after the company announced a CAD 2.6 billion bought‑deal equity offering. The capital measure is to finance the all‑cash acquisition of Tallgrass’s crude oil business for $2.55 billion, including a 75% stake in the Pony Express Pipeline and other infrastructure. In addition, Enbridge announced that President and CEO Greg Ebel will retire on 31 December 2026; Michele Harradence is set to succeed him on 1 January 2027. Investors showed short‑term concern about dilution and the pace of investments, which explained the selling pressure. » Więcej na de.investing.com

Enbridge agrees with KKR and Apollo to form a joint venture into which the investors will contribute about CAD 2.7bn for the Aspen Point and Sunrise expansion programs; CAD 0.7bn will be paid to Enbridge at closing. After Sunrise enters service, KKR and Apollo will hold an indirect cumulative 29% stake in the Westcoast system, while Enbridge retains majority ownership and operational control. The projects are regulatory approved, backed by long‑term take‑or‑pay contracts, and are scheduled to enter service in 2026 (Aspen Point) and late 2028 (Sunrise); Enbridge can repurchase the investors’ stake in years 7–14. Enbridge expects no material impact on its 2026 guidance or its medium‑term outlook. » Więcej na de.investing.com