Enbridge shares rise as quarterly profit tops estimates

Enbridge

13/02/2026 13:56

** U.S.-listed shares of Canadian pipeline operator Enbridge ENB.TO, ENB.N up 1% at $51.80 premarket

** Co reported quarterly adjusted profit of 88 Canadian cents per share, compared with the analysts' average estimate of 77 Canadian cents - LSEG

** Co says it has about C$39 bln in projects under development, with roughly C$8 bln expected to enter service this year

** "We continue to advance over 50 data center opportunities across North America, requiring up to 10 billion cubic feet per day new takeaway capacity," - CEO Greg Ebel says

** Ebel adds co expects to sanction additional projects supporting power generation and data centers in 2026 and the years ahead

** Brokerage UBS says "ENB continues to prioritize balance sheet strength ... while still looking into low-multiple brownfield opportunities and utility-like growth"

** In 2025, ENB was up 6%

 (Reporting by Varun Sahay in Bengaluru)

 ((Varun.sahay@thomsonreuters.com))