Enbridge (NYSE:ENB) Releases Earnings Results, Beats Expectations By $0.03 EPS

Enbridge (NYSE:ENB) (TSE:ENB) issued its earnings results on Friday. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.03, Zacks reports. Enbridge had a net margin of 7.20% and a return on equity of 11.17%. The business had revenue of $21.08 billion during the quarter, compared to the consensus estimate of $9.62 billion.

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 Stock Performance

ENB opened at $46.84 on Friday. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.72 and a quick ratio of 0.66. The business has a fifty day simple moving average of $48.10 and a 200 day simple moving average of $52.18. Enbridge has a 1 year low of $45.03 and a 1 year high of $58.45. The company has a market capitalization of $104.39 billion, a PE ratio of 22.96, a price-to-earnings-growth ratio of 5.63 and a beta of 0.59.

Enbridge Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 13th will be paid a C$0.97 dividend. The ex-dividend date is Friday, November 13th. This represents a $3.88 annualized dividend and a yield of 8.3%. Enbridge’s payout ratio is 147.06%.

Analyst Ratings Changes

ENB has been the topic of several research analyst reports. Weiss Ratings lowered Enbridge from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, November 2nd. TD Securities reiterated a “buy” rating on shares of Enbridge in a research note on Friday, October 16th. The Goldman Sachs Group began coverage on Enbridge in a report on Wednesday, September 30th. They set a “neutral” rating and a $50.00 target price on the stock. Raymond James Financial reaffirmed a “market perform” rating on shares of Enbridge in a report on Tuesday, September 15th. Finally, National Bank Financial raised shares of Enbridge from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, September 15th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.88.

Trending Headlines about 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

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.