Canada's Enbridge beats Q4 profit expectations on pipeline demand

Enbridge

13/02/2026 12:09

Overview

Canada energy infrastructure firm's Q4 adjusted EPS beat analyst expectations

Q4 adjusted net income beat analyst expectations

Company sanctioned $14 bln in growth projects in 2025

Outlook

Enbridge reaffirms 2026 adjusted EBITDA guidance between C$20.2 bln and C$20.8 bln

Company expects 2026 DCF per share between C$5.70 and C$6.10

Enbridge increases 2026 quarterly dividend by 3% to C$0.97 per share

Result Drivers

GAS TRANSMISSION CONTRACTING - Favorable contracting and rate case settlements boosted Gas Transmission adjusted EBITDA

LIQUIDS PIPELINES DEMAND - Higher demand and operational efficiencies increased Mainline System contributions

RENEWABLE POWER PROJECTS - Sanctioned Cowboy Phase 1 and Easter projects to expand renewable power capacity

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Adjusted EPS
Beat
C$0.88
C$0.77 (12 Analysts)
Q4 EPS
C$0.89
Q4 Adjusted Net Income
Beat
C$1.92 bln
C$1.70 bln (5 Analysts)
Q4 Adjusted EBITDA
C$5.21 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 12 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the oil & gas transportation services peer group is "buy"

Wall Street's median 12-month price target for Enbridge Inc is C$71.00, about 0.5% above its February 12 closing price of C$70.62

The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 21 three months ago

Press Release: ID:nCNW1jcdja

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)