Where Will Enbridge Be in 5 Years?
Enbridge (NYSE: ENB) has undergone a significant portfolio shift over the past few years. In 2016, the Canadian energy infrastructure giant generated 7 billion Canadian dollars of EBITDA ($5 billion), 75% of which came from its liquids pipeline segment, compared to 20% from gas infrastructure and 6% from power and energy services. It has grown and diversified that mix over the past few years via acquisitions and organic expansion so that 53% of its CA$13 billion ($9.3 billion) in EBITDA came from liquids last year, compared to 42% from gas infrastructure and 5% from power and energy services.
That pivot toward cleaner energy will likely continue over the next five years. It's one of many changes investors should expect from the energy company in the future.
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Source Fool.com
