Enbridge (NYSE:ENB – Get Free Report) (TSE:ENB) announced its quarterly earnings results on Friday. The pipeline company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.03, Zacks reports. The company had revenue of $21.08 billion during the quarter, compared to analysts’ expectations of $9.62 billion. Enbridge had a return on equity of 11.17% and a net margin of 7.20%.
Here are the key takeaways from Enbridge’s conference call:
- Enbridge reaffirmed its 2026 guidance and expects results near the midpoint, marking the 21st consecutive year it expects to meet guidance. Adjusted EBITDA rose CAD 167 million year over year, supported by strength across its businesses.
- The company cited a CAD 38 billion secured growth backlog and rising demand for energy infrastructure, particularly natural gas for power generation and LNG. Recent project milestones include Aspen Point and Tennessee Ridgeline entering service, with further pipeline and utility opportunities under development.
- Enbridge announced the Tallgrass crude transportation and Salt Creek gathering acquisitions and completed a CAD 3 billion equity offering to help fund transactions and preserve capacity for organic growth. Reported debt-to-EBITDA was 5.1x at quarter-end due to foreign-exchange movements; management said adjusted leverage remained within its target range.
- Liquids results faced lower Line 9 tolls and reduced Flanagan South throughput, while higher financing costs partly offset DCF growth. Management said its outlook continues to reflect lower liquids market-access contributions and higher U.S. interest rates.
- CEO Greg Ebel plans to retire at year-end, with Michele Harradence set to become CEO on January 1. Harradence emphasized continuity in Enbridge’s capital discipline, operating priorities, and diversified energy strategy.
Enbridge Price Performance
NYSE ENB traded down $1.27 during trading hours on Friday, reaching $46.84. The company’s stock had a trading volume of 10,477,675 shares, compared to its average volume of 3,912,232. The firm has a market capitalization of $104.39 billion, a price-to-earnings ratio of 25.05, a P/E/G ratio of 5.91 and a beta of 0.59. The company’s 50-day moving average is $48.10 and its two-hundred day moving average is $52.18. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.72 and a quick ratio of 0.66. Enbridge has a 1-year low of $45.03 and a 1-year high of $58.45.
Enbridge Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 13th will be issued a C$0.97 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $3.88 dividend on an annualized basis and a yield of 8.3%. Enbridge’s dividend payout ratio is presently 147.06%.
Key Headlines Impacting Enbridge
Here are the key news stories impacting Enbridge this week:
- Positive Sentiment: Enbridge reported third-quarter adjusted earnings of C$0.39 per share, above the C$0.36 consensus, with revenue also topping estimates. Profit rose substantially from a year earlier, supported in part by its natural gas businesses. Article: Enbridge Q3 Earnings and Revenues Top Estimates
- Positive Sentiment: The company reaffirmed its 2026 financial guidance and said more than C$3 billion of gas transmission projects entered service, supporting its growth and earnings outlook. Article: Enbridge Reports Strong Third Quarter Results
- Neutral Sentiment: Enbridge is exploring a pipeline role in Canada’s Pathways carbon-capture network. It also plans to acquire Tallgrass Crude to expand its Rockies pipeline corridor; these opportunities could add growth, though the reports do not detail their financial impact. Article: Enbridge and the Pathways carbon-capture network
- Neutral Sentiment: CEO Greg Ebel is set to retire in January, with Michele Harradence stepping up. The planned transition could be worth watching, but no change in strategy is reported. Article: Enbridge CEO to Retire
Analyst Upgrades and Downgrades
Several equities research analysts have commented on the company. Wall Street Zen upgraded Enbridge from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. Weiss Ratings lowered shares of Enbridge from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, November 2nd. Royal Bank Of Canada boosted their target price on shares of Enbridge from $79.00 to $84.00 and gave the company an “outperform” rating in a research note on Monday, August 3rd. US Capital Advisors raised shares of Enbridge from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 20th. Finally, Jefferies Financial Group reissued a “hold” rating on shares of Enbridge in a report on Monday, September 14th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Enbridge has a consensus rating of “Moderate Buy” and an average target price of $65.88.
View Our Latest Stock Report on ENB
About Enbridge
Enbridge Inc is a North American energy infrastructure company that transports and distributes energy. Its businesses include crude oil and liquids pipelines, natural gas transmission and storage, and natural gas utilities that serve homes and businesses.
Founded in 1949 as Interprovincial Pipe Line Company, Enbridge has grown into a cross-border operator serving customers and energy markets in Canada and the United States. Its infrastructure moves crude oil, natural gas and natural gas liquids, connecting producers with refineries, utilities and other markets.
Enbridge also invests in renewable power, including wind and solar projects, alongside its energy transportation and distribution operations.
Featured Stories
- Five stocks we like better than Enbridge
- Dutch Bros Gave Wall Street What It Wanted, So Why Did the Stock Crater?
- Astera Labs Just Crushed Earnings—So Why Are Analysts Cutting Price Targets?
- Sandisk Shares Are Oversold: Bargain or Value Trap?
- IonQ’s Record Revenue Includes a Big SkyWater Boost: Does That Change the Story?
Receive News & Ratings for Enbridge Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enbridge and related companies with MarketBeat.com's FREE daily email newsletter.
