That, meanwhile, is backed by a strong balance sheet, with the company's debt-to-EBITDA also within management's target range, which in this case is between 4.5 and 5 times. To be fair, that's higher than most midstream companies, but it is also lower than most utility companies. That is where the story gets a bit more interesting. Enbridge is getting more boring in 2024 Although Enbridge's core midstream operations have always been fairly reliable, it is in the process of buying three more regulated natura ...