Enbridge Inc. (NYSE:ENB) Q3 2019 Earnings Conference Call - Final Transcript

Nov 08, 2019 • 09:00 am ET


Enbridge Inc. (NYSE:ENB) Q3 2019 Earnings Conference Call - Final Transcript


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Welcome to the Enbridge Incorporated Third Quarter 2019 Financial Results Conference Call. My name is Sonia and I'll be your operator for today's call. [Operator Instructions].

I will now turn the conference over to Jonathan Morgan, Vice President, Investor Relations. Jonathan, you may begin.

Jonathan Morgan

Thank you. Sonia. Good morning and welcome to the Enbridge Inc. Third Quarter 2019 Earnings call. Joining me this morning are Al Monaco, President and Chief Executive Officer; Colin Gruending, Executive Vice President and Chief Financial Officer; Guy Jarvis, Executive Vice President, Liquids Pipelines; Bill Yardley Executive Vice President, Gas Transmission and Midstream; and Vern Yu, President and Chief Operating Officer, Liquids Pipelines. As per usual, this call is webcast and I encourage those listening on the phone to follow along with the supporting slides. A replay and podcast of the call will be available today.

And a transcript will be posted to the website shortly after. In terms of Q&A we will prioritize calls from the investment community. If you are a member of the media, please direct your inquiries to our communications team who will be happy to respond immediately. We're again going to target keeping the call to roughly one hour and may not be able to get to everybody. So, please try to limit your questions to one and a follow-up as necessary. As always, our Investor Relations team is available for your detailed follow-ups afterwards.

On to Slide 2, where I'll remind you that we will be referring to forward-looking information on today's call. 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 Al Monaco.

Al Monaco

Thanks, Jonathan, and good morning, everybody. Before we get going, I'd like to recognize Guy Jarvis, who is retiring from Enbridge after almost 20 years. Most of you have come to know Guy over that time and the tremendous contribution he has made to our company. He has delivered a lot of value and profitability in Liquids from great operating performance to system expansions to improved customer service to industry leading safety results. We're, obviously, going to miss Guy, but he is leaving the Liquids business in good position today.

Now, we wouldn't be doing our jobs if we weren't thinking ahead and succession planning, as many of you know, has been a hallmark at Enbridge. As part of that Vern Yu will be stepping into Guy's shoes in the new year as Executive Vice President, Liquids Pipelines. He has been the COO at Liquids for the last while where he's worked closely with Guy. So the transition will be seamless.

Many of you know, Vern as well. Over his 25 years he's put together a stellar record including in Liquids and corporate development where he's driven significant growth and been part of developing and executing our overall