---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-106344"
form_type: "8-K"
ticker: "ENB"
cik: "0000895728"
company_name: "ENBRIDGE INC"
filed_at: "2026-09-09T20:23:21+00:00"
generated_at: "2026-09-09T20:24:10.055342+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Enbridge to acquire Tallgrass crude business for $2.55B, expanding Rockies footprint

## Summary
- Deal: $2.55B cash for Tallgrass crude assets incl. 75% Pony Express, 51% Powder River Gateway, 8.4M bbl storage.
- Pony Express: 1,050-mile, ~460 kbpd system; PXP2 expansion to ~515 kbpd, in service late 2027.
- Expected close later 2026, subject to FTC HSR clearance; accretive to DCF/share in first full year.
- Equity offering to partially fund deal and Salt Creek Midstream crude gathering acquisition (Aug 26, 2026).
- Reaffirms ~5% CAGR EBITDA/DCF/EPS outlook; leverage target 4.5-5.0x Debt/EBITDA.

## SEC filing metadata
- accession: 0001104659-26-106344
- form_type: 8-K
- ticker: ENB
- cik: 0000895728
- company_name: ENBRIDGE INC
- filed_at: 2026-09-09T20:23:21+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/895728/000110465926106344/0001104659-26-106344-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/895728/000110465926106344/tm2624881d6_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-106344
- JSON: https://secwatch.observer/filing/0001104659-26-106344.json
- Plain text: https://secwatch.observer/filing/0001104659-26-106344.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.