Enbridge (ENB) Q1 2023 Earnings Call Transcript

For the period ending March 31, 2023

May 5, 2023 9:00 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Ladies and gentlemen, welcome to the Enbridge Incorporated First Quarter 2023 Financial Results Conference Call. My name is Brent, and I will be your operator today. [Operator Instructions] Please note that, this call is being recorded.

I will now turn the call over to Rebecca Morley, Director Investor Relations. Rebecca, you may begin.

Rebecca Morley - Director, IR

Thank you. Good morning, and welcome to the Enbridge First Quarter 2023 Earnings Call. My name is Rebecca Morley, and I'm the Director of the Investor Relations team. Joining me this morning are Greg Ebel, President and CEO; Vern Yu, Chief Financial Officer and President of New Energy Technologies and the heads of each of our business units; Colin Gruending, Liquids Pipelines; Cynthia Hansen, Gas Transmission and Midstream; Michele Harradence, Gas Distribution and Storage; and Matthew Akman, Renewable Power.

As per usual, this call is being webcast and I encourage those listening on the phone to follow along with the supporting slides. We'll try to keep the call to roughly one hour and in order to answer as many questions as possible we will be limiting the questions to one plus a single follow-up if necessary. We'll be prioritizing questions from the investment community. So if you're a member of the media please direct your inquiries to our communications team who will be happy to respond. As always, our Investor Relations team will be available following the call for any follow-up questions.

On to slide 2, where I will remind you that, we'll be referring to forward-looking information on today's presentation and Q&A. By its nature this information contains forecast assumptions and expectations about future outcomes, which are subject to the risks and uncertainties outlined here and discussed more fully in our public disclosure filings. We'll also be referring to non-GAAP measures summarized below.

With that I'll turn it over to Greg Ebel.

Greg Ebel - President & CEO

Thank you, Rebecca, and good morning, everyone and thanks for joining us. I'm excited to be here today to review our first quarter results and provide an update on our business. It was another great quarter. So I'll start off by recapping some key highlights that underpinned our strong performance. I'll then take you through some strategic advancements we made in our core franchises. Vern will walk you through the financial performance and outlook. And lastly, I'll close with a few key takeaways. And as always, the management team is here to address any questions you may have.