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Enbridge

ENB · Energy

Last earnings Jul 31, 2026  ·  Next earnings Nov 6, 2026

AI analysis

Q2 2025 · reported Aug 1, 2025

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

No extracted figures held

The event-summary record for this company carries no extracted figures, so the brief and charts cannot be drawn yet. The summary below and the held documents are the record for this event.

Guidance · company-stated

EBITDA

“between $19.4 billion and $20.0 billion”

EPS

“) and approximately 3%”

Guidance stated in the release's OUTLOOK table; no direction stated — figures as stated in the table.

Next earningsNov 6, 2026Verified from the company’s own announcement

Capital allocation

Gulf Coast • Sanctioned a $0.3 billion, 40 Bcf expansion of the Aitken Creek gas storage facility, providing critical flexibility in the western Canadian LNG value chain • Closed the 12.5% equity investment in the Westcoast natural gas pipeline system by the Stonlasec8 Indigenous Alliance, a consortium of First Nations groups, for proceeds of $0.7 billion • Exited the quarter with Debt-to-EBITDA* of 4.7x, providing significant financial flexibility 1 CEO COMMENT Greg Ebel, President and CEO commented the following: “Our all-of-the-above approach to energy investment continues to surface value for shareholders.

Visible growth plans underpin annual expected dividend increases and positions Enbridge as a first-choice investment opportunity.

Company-stated claims

Feb 13, 2026

Forward-looking · doubled · subscribers_users

“10 Our Gas Distribution and Storage business added approximately 68,000 new customers across our utility jurisdictions, reached supportive settlements on rate cases in North Carolina and Utah, continued to advance data center and power generation opportunities, and doubled the capacity of the T-15 Reliability Project which is expected to deliver 0.51 bcf/d to Duke Energy s Roxboro power plant in North Carolina.”

10-K · Feb 13, 2026
General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Enbridge Reports Record Second Quarter EBITDA, Reaffirms 2025 Financial Guidance and Announces Investments To Serve Growing Industrial, Power and LNG Demand

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Guidance & outlook

EBITDA: “EBITDA between $19.4 billion and $20.0 billion”

EPS: “EPS) and approximately 3%”

EBITDA (“OUTLOOK”)
“EBITDA between $19.4 billion and $20.0 billion”

EPS (“OUTLOOK”)
“EPS) and approximately 3%”

Guidance stated in the release's OUTLOOK table; no direction stated — figures as stated in the table.

Capital allocation

Gulf Coast • Sanctioned a $0.3 billion, 40 Bcf expansion of the Aitken Creek gas storage facility, providing critical flexibility in the western Canadian LNG value chain • Closed the 12.5% equity investment in the Westcoast natural gas pipeline system by the Stonlasec8 Indigenous Alliance, a consortium of First Nations groups, for proceeds of $0.7 billion • Exited the quarter with Debt-to-EBITDA* of 4.7x, providing significant financial flexibility 1 CEO COMMENT Greg Ebel, President and CEO commented the following: “Our all-of-the-above approach to energy investment continues to surface value for shareholders.

SEC original ↗Enbridge — Earnings release (8-K exhibit)EX-99Aug 1, 2025

Visible growth plans underpin annual expected dividend increases and positions Enbridge as a first-choice investment opportunity.

SEC original ↗Enbridge — Earnings release (8-K exhibit)EX-99Aug 1, 2025

DCF for the second quarter of 2025 was comparable with the same period in 2024, primarily due to EBITDA factors discussed above, offset by higher financing costs, maintenance capital expenditures related to new assets, and higher current taxes on higher earnings.

SEC original ↗Enbridge — Earnings release (8-K exhibit)EX-99Aug 1, 2025

Proceeds from these offerings were used to refinance maturing debt at Enbridge Gas Ohio.

SEC original ↗Enbridge — Earnings release (8-K exhibit)EX-99Aug 1, 2025

Proceeds from these offerings were used to pay down existing indebtedness, fund capital expenditures, and for general corporate purposes.

SEC original ↗Enbridge — Earnings release (8-K exhibit)EX-99Aug 1, 2025

The Company's rolling 12 month Debt-to-EBITDA metric at the end of the quarter was 4.7x.

SEC original ↗Enbridge — Earnings release (8-K exhibit)EX-99Aug 1, 2025

Strategy & priorities

Gulf Coast • Sanctioned a $0.3 billion, 40 Bcf expansion of the Aitken Creek gas storage facility, providing critical flexibility in the western Canadian LNG value chain • Closed the 12.5% equity investment in the Westcoast natural gas pipeline system by the Stonlasec8 Indigenous Alliance, a consortium of First Nations groups, for proceeds of $0.7 billion • Exited the quarter with Debt-to-EBITDA* of 4.7x, providing significant financial flexibility 1 CEO COMMENT Greg Ebel, President and CEO commented the following: “Our all-of-the-above approach to energy investment continues to surface value for shareholders.

SEC original ↗Enbridge — Earnings release (8-K exhibit)EX-99Aug 1, 2025

In the Permian, we completed the first 80 kbpd phase of the Gray Oak Pipeline expansion and expect to complete the remaining 40 kbpd by mid-2026.

SEC original ↗Enbridge — Earnings release (8-K exhibit)EX-99Aug 1, 2025

Gas Transmission, we sanctioned an expansion of Texas Eastern Transmission for up to 160 mmcf/d which will support rising industrial and power demand in Mississippi.

SEC original ↗Enbridge — Earnings release (8-K exhibit)EX-99Aug 1, 2025

“In British Columbia, Aitken Creek is the only underground natural gas storage facility in in the province, and we’re proceeding with a 40 bcf expansion which will provide enhanced flexibility for our LNG related customers.

SEC original ↗Enbridge — Earnings release (8-K exhibit)EX-99Aug 1, 2025

We’re laser focused on disciplined capital allocation.

SEC original ↗Enbridge — Earnings release (8-K exhibit)EX-99Aug 1, 2025

Risks & headwinds

Enbridge does not expect tariffs to have a material impact on our current operations or deployment of capital, though the Company will continue to monitor developments.

SEC original ↗Enbridge — Earnings release (8-K exhibit)EX-99Aug 1, 2025

By their nature, these statements involve a variety of assumptions, known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such statements.

SEC original ↗Enbridge — Earnings release (8-K exhibit)EX-99Aug 1, 2025

Similarly, exchange rates, inflation, interest rates and tariffs impact the economies and business environments in which we operate and may impact levels of demand for our services and cost of inputs and are therefore inherent in all forward-looking statements.

SEC original ↗Enbridge — Earnings release (8-K exhibit)EX-99Aug 1, 2025

The impact of any one assumption, risk, uncertainty or factor on a particular forward-looking statement is not determinable with certainty, as these are interdependent, and our future course of action depends on management’s assessment of all information available at the relevant time.

SEC original ↗Enbridge — Earnings release (8-K exhibit)EX-99Aug 1, 2025

Reconciliations of forward-looking non-GAAP financial measures and non-GAAP ratios to comparable GAAP measures are not available due to the challenges and impracticability of estimating certain items, particularly certain contingent liabilities and non-cash unrealized derivative fair value losses and gains subject to market variability.

SEC original ↗Enbridge — Earnings release (8-K exhibit)EX-99Aug 1, 2025

Because of those challenges, a reconciliation of forward-looking non-GAAP financial measures and non-GAAP ratios is not available without unreasonable effort.

SEC original ↗Enbridge — Earnings release (8-K exhibit)EX-99Aug 1, 2025

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

TotalEnergies (TTE) EnergyYPF (YPF) EnergyCenovus Energy (CVE) EnergySuncor Energy (SU) EnergyCanadian Natural Resources (CNQ) EnergyWoodside Energy (WDS) EnergyCameco (CCJ) EnergyVista Energy, S.A.B. De C.V. (VIST) Energy
Documents

Filings

60 documents

Earnings releases

23 documents

Presentations

0 documents

No presentations for Enbridge are held in this edition of the library.

Transcripts

0 documents

No transcripts for Enbridge are held in this edition of the library.

Mentioned by

6 companies

Other tracked companies whose held documents mention Enbridge by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.