ENB
Enbridge Inc.46.67
-1.01-2.12%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
101.88BP/E (TTM)
25.23Basic EPS (TTM)
1.85Dividend Yield
0.08%Recent Filings
8-K
8-K
8-K
Enbridge 2026 AGM materials filed
Enbridge filed its Notice of 2026 Annual Meeting and Management Information Circular on March 10, dated March 3, for the virtual shareholder meeting on May 6. Shareholders will vote on electing 12 directors (11 independent), reappointing PwC as auditors, advisory approval of executive compensation, and reconfirming the shareholder rights plan. Routine governance filing signals steady operations amid strong 2025 results.
10-K
FY2025 results
Enbridge delivered FY2025 results buoyed by full-year US Gas Utilities ownership and Q4 strength across segments, with Mainline volumes hitting 3.1 mmbpd on robust demand while Gas Transmission advanced key expansions like Texas Eastern Venice. Q4 accelerated momentum via colder weather lifting Enbridge Gas Ontario volumes versus Q3, alongside higher storage spreads at Aitken Creek and favorable US transmission contracting; margins held firm despite regulatory disallowances in Ohio. Debt rose to fund $39B secured projects through 2033, yet liquidity exceeds $10B with capex focused on in-franchise growth. Line 5 litigation lingers as a key risk to pipeline continuity.
8-K
Record results, $39B backlog
Enbridge posted record 2025 adjusted EBITDA of $20.0B, up 7% from 2024, with adjusted earnings per share at $3.02. Secured backlog hit $39B after sanctioning $14B in projects like Mainline Optimization Phase 1 (US$1.4B, 150 kbpd by 2027). Reaffirmed 2026 guidance; hiked dividend 3% to $0.97 quarterly. Debt-to-EBITDA steady at 4.8x.
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