Enbridge (NYSE:ENB) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Enbridge (NYSE:ENB) (TSE:ENB) posted its quarterly earnings results on Friday. The pipeline company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03, Zacks reports. Enbridge had a return on equity of 10.51% and a net margin of 9.20%.The business had revenue of $17.18 billion during the quarter, compared to analyst estimates of $9.10 billion. During the same period in the prior year, the business earned $0.75 earnings per share.

Here are the key takeaways from Enbridge’s conference call:

• Strong 2025 financials and balance sheet: Enbridge beat midpoint 2025 guidance for EBITDA and DCF per share, maintained debt/EBITDA ~4.8x, and extended its dividend increase streak to 31 years while reaffirming 2026 guidance (EBITDA CAD 20.2–20.8bn; DCF CAD 570–610c/sh).
• Accelerating growth backlog and capital capacity: The company sanctioned ~CAD 14bn in 2025, placed CAD 5bn in service, grew its backlog to ~CAD 39bn (up 35% since Investor Day) and raised annual investment capacity to CAD 10–11bn, targeting another CAD 10–20bn of FIDs over the next 24 months.
• Liquids/Mainline execution: Mainline volumes averaged ~3.1m bpd with frequent apportionment; Enbridge sanctioned MLO Phase 1 (150kbd + 100kbd Flanagan South), is commercializing MLO Phase 2 and progressing MLO 3, and reported a favorable Line Five court ruling and Corps EIS milestone.
• Material gas-transmission growth runway: Gas transmission posted high utilization with a 100% major-pipeline contract renewal rate, sanctioned Permian-related expansions (including Bay Runner) and upsized Eiger Express, and is pursuing >50 data-center opportunities that could require up to 10 BCF/day plus storage builds.
• Policy and regulatory risks remain: Management flagged regulatory outcomes and Canadian policy clarity (e.g., carbon/industrial charge) as critical to West Coast pipeline timing, and noted a disappointing Enbridge Gas Ohio rate decision that required refiling, highlighting regulatory and political risks that could delay projects or returns.

Enbridge Price Performance

Shares of ENB opened at $53.86 on Friday. The firm has a 50-day simple moving average of $47.96 and a two-hundred day simple moving average of $47.97. The stock has a market cap of $117.52 billion, a PE ratio of 23.42 and a beta of 0.69. Enbridge has a 1-year low of $39.73 and a 1-year high of $54.20. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.80 and a quick ratio of 0.68.

Enbridge Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Tuesday, February 17th will be given a dividend of $0.97 per share. This is a boost from Enbridge’s previous quarterly dividend of $0.94. This represents a $3.88 dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date is Tuesday, February 17th. Enbridge’s dividend payout ratio (DPR) is 147.80%.

Institutional Trading of Enbridge

Several institutional investors have recently added to or reduced their stakes in ENB. Triumph Capital Management purchased a new position in shares of Enbridge during the third quarter worth $26,000. Turning Point Benefit Group Inc. purchased a new stake in shares of Enbridge in the 3rd quarter valued at $28,000. Imprint Wealth LLC acquired a new position in Enbridge during the 3rd quarter worth about $31,000. Gilpin Wealth Management LLC purchased a new position in Enbridge during the 4th quarter valued at about $38,000. Finally, Darwin Wealth Management LLC purchased a new position in Enbridge during the 2nd quarter valued at about $41,000. Institutional investors and hedge funds own 54.60% of the company’s stock.

Enbridge News Roundup

Here are the key news stories impacting Enbridge this week:

• Positive Sentiment: Record 2025 results and reaffirmed guidance — Enbridge posted record full‑year earnings of CAD $7.1B (≈$3.23/sh) for 2025 and reiterated its 2026 financial guidance, while growing secured backlog to $39B, supporting longer‑term cash‑flow visibility. Read More.
• Positive Sentiment: Quarterly beat — Q4 results topped estimates on both earnings and revenue, driven by stronger gas and liquids volumes from higher power and nat‑gas demand, which analysts point to as the main driver of the beat. Read More.
• Positive Sentiment: Market reaction to strong metrics — Detailed releases show EPS and revenue upside versus consensus (company materials and analyst writeups), which is encouraging for near‑term earnings expectations and supports the dividend/cash‑flow story. Read More.
• Positive Sentiment: Unusual bullish options activity — Large call buying (≈81,448 calls, ~3,399% above typical daily call volume) suggests speculative or hedged bullish positioning that can add short‑term buying pressure.
• Neutral Sentiment: Regulatory/filing housekeeping — Enbridge filed its 2025 Form 10‑K, audited financials and set a virtual shareholder meeting; standard disclosure that reduces information uncertainty. Read More.
• Neutral Sentiment: Analyst commentary mixed on longer‑term crude vs. gas dynamics — Some coverage highlights higher dividend potential and Q4 tailwinds from nat‑gas but mixed sentiment remains around crude volume headwinds. Read More.
• Negative Sentiment: Potential competitive headwind from rising crude imports — Reports note increased Venezuelan oil headed to the U.S. Gulf Coast could pressure some crude flows and midstream volumes; management says it’s unfazed, but rising imports are a risk to watch for pipeline throughput. Read More.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. BMO Capital Markets reaffirmed a “market perform” rating on shares of Enbridge in a research note on Monday, November 10th. Weiss Ratings raised shares of Enbridge from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 9th. National Bank Financial restated a “sector perform” rating on shares of Enbridge in a research report on Monday, November 10th. JPMorgan Chase & Co. downgraded shares of Enbridge from an “overweight” rating to a “neutral” rating in a research note on Tuesday, January 27th. Finally, Royal Bank Of Canada increased their price target on shares of Enbridge from $67.00 to $72.00 and gave the company an “outperform” rating in a research note on Monday, November 10th. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Enbridge presently has a consensus rating of “Moderate Buy” and an average target price of $63.00.

Enbridge Company Profile

Enbridge Inc is a Calgary, Alberta–based energy infrastructure company that develops, owns and operates a diversified portfolio of energy transportation, distribution and generation assets. Its core activities include the operation of crude oil and liquids pipelines, natural gas transmission and distribution systems, and energy storage facilities. In addition to midstream transportation and storage, Enbridge has expanded into renewable power generation and energy transition projects, including wind, solar and utility-scale generation assets.

The company serves customers primarily in Canada and the United States and has interests in other international energy projects.