5 Biggest Midstream Companies Heading Into 2023

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1. Enbridge Inc. (NYSE:ENB)

Market Capitalization as of November 12, 2022: $84.6 billion

Enbridge Inc. (NYSE:ENB) is an energy infrastructure company that deals in crude oil and natural gas. The firm is based in Calgary, Canada.

Enbridge Inc. (NYSE:ENB) reported CAD11.5 billion in revenue during its third quarter, at a time when it shipped 2.97 million barrels of crude oil per day. Its shipments marked an 11% annual increase. The firm is also investing heavily in expanding its capacity, and it has spent CAD17 billion so far for projects that go as far as 2028.

Enbridge Inc. (NYSE:ENB) pays a 63 cent dividend for a 5.98% yield, and its market capitalization is $84.6 billion.

Enbridge Inc. (NYSE:ENB)’s largest investor is Rajiv Jain’s GQG Partners which owns 1.8 million shares that are worth $2 billion.

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Disclosure: None. You can also take a look at 15 Biggest Insurance Companies in the World and 10 Stocks Hedge Fund Legend Donald Sussman is Buying.

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