Enbridge Q3 profit misses expectations, reaffirms 2025 guidance

Enbridge

07/11/2025 12:14

Overview

Enbridge Q3 adjusted EPS misses analyst expectations, reflecting higher financing costs

Company reaffirms 2025 financial guidance and multi-year financial outlook

Enbridge announces C$3 bln in sanctioned projects, including Southern Illinois Connector

Outlook

Enbridge reaffirms 2025 adjusted EBITDA guidance of C$19.4 bln to C$20.0 bln

Company expects 2025 DCF per share between C$5.50 and C$5.90

Enbridge anticipates 5% annual growth in EBITDA, EPS, and DCF/share post-2026

Result Drivers

HIGH UTILIZATION - Enbridge reports record Q3 EBITDA due to high utilization across its systems

PROJECT SANCTIONS - Enbridge sanctioned $3 billion in projects, leveraging existing infrastructure for growth

ACQUISITIONS AND RATE SETTLEMENTS - Adjusted EBITDA increase driven by acquisitions and favorable rate settlements

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Adjusted EPS
Miss
C$0.46
C$0.51 (10 Analysts)
Q3 EPS
C$0.30
Q3 Adjusted Net Income
Miss
C$997 mln
C$1.13 bln (5 Analysts)
Q3 Adjusted EBITDA
C$4.27 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$67.75, about 2.2% above its November 6 closing price of C$66.24

The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 20 three months ago

Press Release: ID:nCNWyFgkqa

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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.)