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

Enbridge (NYSE:ENB) (TSE:ENB) released its quarterly earnings results on Friday. The pipeline company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.03, Zacks reports. The business 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

Enbridge stock traded down $1.27 during mid-day trading on Friday, reaching $46.84. 10,477,675 shares of the company were exchanged, compared to its average volume of 4,159,131. The company has a fifty day simple moving average of $48.10 and a 200-day simple moving average of $52.18. Enbridge has a 12 month low of $45.03 and a 12 month high of $58.45. 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 firm has a market cap of $104.39 billion, a PE ratio of 21.41, a PEG ratio of 5.63 and a beta of 0.59.

Enbridge Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be paid a dividend of C$0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 8.3%. The ex-dividend date is Friday, November 13th. Enbridge’s dividend payout ratio (DPR) is 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 Ratings Changes

ENB has been the topic of a number of research reports. TD raised Enbridge to a “buy” rating in a report on Tuesday, September 15th. TD Securities reissued a “buy” rating on shares of Enbridge in a report on Friday, October 16th. Raymond James Financial reissued a “market perform” rating on shares of Enbridge in a report on Tuesday, September 15th. BMO Capital Markets raised shares of Enbridge from a “market perform” rating to an “outperform” rating and set a $79.50 target price for the company in a research report on Monday, September 14th. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Enbridge in a research report on Thursday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $65.88.

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.