Unique Value Proposition

Enbridge’s unique value proposition features a superior low-risk business model, high-quality infrastructure and strong organic growth. We credit our value proposition for delivering excellent returns to shareholders year after year, and we plan to stick with our proven formula.

High-quality Infrastructure

Our assets are competitively positioned and cannot be replicated. Long-term energy fundamentals remain strong, and we’re strategically positioned to capitalize on the resulting growth opportunities.

  • Critical energy infrastructure
  • Balanced between gas and oil
  • Record utilization driven by strong demand-pull markets and customers

Superior Low-risk Business Model

Our low-risk business model—with steady and highly predictable cash flows—differentiates Enbridge from our peers.

  • Regulated demand-pull assets
  • Long-term contracts
  • Interest rate/inflation protection
  • Insignificant commodity risk
  • Creditworthy customers
  • Highly visible cash flow—$3.5 billion per year in positive free cash flow by 2020

Strong Organic Growth

Enbridge has had the largest organic capital program in the industry. We’ve brought more than $50 billion of projects into service since 2009—bolstering our core asset base and strategic positioning. We believe that our organic growth opportunities can continue to drive 5-7% annual distributable cash flow/share growth beyond 2020.

  • Embedded growth in base business
  • Attractive organic growth opportunities from our three core businesses
  • Disciplined capital allocation
  • total of $20 billion of growth projects placed into service in 2017 and 2018
  • $2.1 billion additional secured growth projects
  • $16 billion secured capital program currently under execution
2018 Annual Report Value Proposition

2018 Annual Report Financials Chart