On September 9, 2026, Enbridge Inc. announced a definitive agreement to acquire Tallgrass Energy’s crude oil transportation, gathering, storage, and terminaling assets for $2.55 billion in cash. The acquisition includes a 75% interest in the 1,050-mile Pony Express Pipeline, a 51% stake in the Powder River Gateway system, approximately 8.4 million barrels of storage capacity, and Stanchion Energy. Enbridge expects the transaction to be accretive to distributable cash flow per share in the first full year of ownership and plans to partially fund the deal through an equity offering. The acquisition is expected to close later in 2026, subject to regulatory approvals including FTC clearance under the Hart-Scott-Rodino Act. Enbridge Inc. operates in the energy infrastructure sector, owning and operating extensive crude oil and natural gas pipelines across North America.
