Due to the interdependencies and correlation of these macroeconomic factors, the impact of any one assumption on a forward-looking statement cannot be determined with certainty, particularly with respect to expected EBITDA, expected earnings/(loss), expected earnings/(loss) per share, expected future cash flows and DCF per share and estimated future dividends. Yesterday, Enbridge announced a letter of intent with Enterprise Products Partners L.P. to jointly develop the U.S. Gulf Coast (USGC) deep-water Sea Port Oil Terminal export facility capable of fully loading Very Large Crude Carriers, subject to the facility receiving a deep-water port license. The impact of any one risk, uncertainty or factor on a particular forward-looking statement is not determinable with certainty as these are interdependent and our future course of action depends on management's assessment of all information available at the relevant time. Due to the interdependencies and correlation of these macroeconomic factors, the impact of any one assumption on a forward-looking statement cannot be determined with certainty, particularly with respect to expected EBITDA, expected earnings/(loss), expected earnings/(loss) per share, expected future cash flows and DCF per share and estimated future dividends.
By their nature, these statements involve a variety of assumptions, known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such statements. In addition, Enbridge will advance the development of the Jones Creek Crude Oil Terminal, which will be fully integrated with the Seaway pipeline system and will provide connectivity to local refineries as well as export facilities. For investors with long-term perspective, and those with income needs or an income mandate to meet for retirement, I would undoubtedly suggest a fight towards safety and stability during these volatile times. This is your chance to get in early on what could prove to be very special investment advice. Receive Enbridge Investor News Alerts via e-mail, A 9.8% increase in the Company's common share dividend to, Updated 2020 financial guidance: EBITDA of approximately, Re-affirmation of 5%-7% average long term annual DCF per share growth outlook, based on an equity self-funded model, Advancement of Liquids Pipelines U.S. Gulf Coast integrated value chain strategy, Canadian segment of the Line 3 Replacement project placed into service, Additional spill modelling work on Line 3 Replacement project completed; revised Final Environmental Impact Statement (FEIS) submitted to Minnesota Public Utilities Commission (MPUC), Regulatory application for Liquids Mainline contracting expected to be filed before year-end, Ensuring safe and reliable operations and provision of effective and cost-efficient transportation solutions for customers, Enhance the business through asset optimization, cost efficiencies and low-risk growth, Growing core businesses through capital efficient organic growth, disciplined capital allocation, and preservation of balance sheet strength and flexibility. Similarly, exchange rates, inflation and interest rates impact the economies and business environments in which we operate and may impact levels of demand for our services and cost of inputs, and are therefore inherent in all forward-looking statements.
In its 2020 Strategic Plan, the Company is focused on maintaining resilience and prudently growing its three world-class core franchises: Liquids Pipelines, Gas Transmission, and Gas Distribution and Storage. Enbridge has strong support for this application from a cross section of producers, integrated producers and refiners representing a significant share of current system throughput and through its evidence will demonstrate that its proposed contract offering addresses customer needs and serves the public intertest.
This news release makes reference to non-GAAP measures, including distributable cash flow (DCF) and DCF per share. Enbridge contracts are “take-or-pay,” which means that the buyer has to give a minimum guarantee on purchases or pay the seller for any shortfall.
Although we believe these forward-looking statements are reasonable based on the information available on the date such statements are made and processes used to prepare the information, such statements are not guarantees of future performance and readers are cautioned against placing undue reliance on forward-looking statements. Today, Enbridge's low risk profile, diversified business mix and strategically located assets generate highly reliable cash flows and the Company is well positioned for continued growth. Our near-term priorities on that front are unchanged, as we focus on preserving our strong balance sheet, returning capital to shareholders through our dividend and executing on low risk, capital efficient organic growth opportunities. However, there is an outlier in the game: Enbridge (TSX:ENB)(NYSE:ENB). The non-GAAP measures described above are not measures that have a standardized meaning prescribed by generally accepted accounting principles in the United States of America (U.S. GAAP) and are not U.S. GAAP measures.
Enbridge will hold its annual investor conference to discuss the Company's strategic plan and financial outlook at 8:00 a.m.
All rights reserved. On December 9, the MPUC advised that the Minnesota Department of Commerce has issued an amended FEIS to reflect additional spill modelling work as directed by the Minnesota Court of Appeals. Enbridge’s forward dividend yield is a tasty 8.4% right now. MediaJesse Semko Toll Free: (888) 992-0997 Email: media@enbridge.com Investment CommunityJonathan Morgan Toll Free: (800) 481-2804 Email: investor.relations@enbridge.com. The Company's common shares trade on the Toronto and New York stock exchanges under the symbol ENB. Because of those challenges, a reconciliation of forward-looking non-GAAP financial measures is not available without unreasonable effort. Over the medium to longer term, Enbridge's diversified asset base, integrated infrastructure networks and extensive reach provide us with many opportunities to extend growth. The most relevant assumptions associated with forward-looking statements regarding announced projects and projects under construction, including estimated completion dates and expected capital expenditures, include the following: the availability and price of labor and construction materials; the effects of inflation and foreign exchange rates on labor and material costs; the effects of interest rates on borrowing costs; the impact of weather and customer, government and regulatory approvals on construction and in-service schedules and cost recovery regimes. The Motley Fool owns shares of and recommends Enbridge. Our core businesses include Liquids Pipelines, which transports approximately 25 percent of the crude oil produced in North America; Gas Transmission and Midstream, which transports approximately 20 percent of the natural gas consumed in the U.S.; and Utilities and Power Operations, which serves approximately 3.7 million retail customers in Ontario and Quebec, and generates approximately 1,750 MW of net renewable power in North America and Europe. DCF is defined as cash flow provided by operating activities before the impact of changes in operating assets and liabilities (including changes in environmental liabilities) less distributions to non-controlling interests and redeemable non-controlling interests, preference share dividends and maintenance capital expenditures, and further adjusted for unusual, non-recurring or non-operating factors.
This translates into $3.24 dividend per share on an annualized basis for 2020.
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