Enbridge Stock Price, News & Analysis

Enbridge (NYSE:ENB) reported strong Q2 2025 financial results with record EBITDA of $4.6 billion, up 7% year-over-year. The company posted GAAP earnings of $2.2 billion ($1.00 per share), compared to $1.8 billion ($0.86 per share) in 2024.

Key developments include sanctioning the $0.9 billion Clear Fork Solar project, expanding the Traverse Pipeline capacity to 2.5 Bcf/d, and closing a 10% acquisition in Matterhorn Express Pipeline. The company also completed a 12.5% equity investment transaction with Indigenous groups in the Westcoast System.

Enbridge reaffirmed its 2025 financial guidance and maintains a strong $32 billion project backlog. The company's Debt-to-EBITDA ratio improved to 4.7x, providing significant financial flexibility for future growth.

Enbridge (NYSE:ENB) has declared its quarterly dividend of $0.9425 per common share, maintaining consistency with its June 1, 2025 dividend. The payment is scheduled for September 1, 2025, with a record date of August 15, 2025.

The company also announced quarterly dividends for multiple series of Preference Shares, all payable on September 1, 2025. Enbridge continues to demonstrate its commitment to shareholder returns through its extensive preferred share dividend program, with payments ranging from $0.18644 to $0.41898 across various series.

Enbridge (NYSE:ENB) has announced a major renewable energy project with the final investment decision on Clear Fork, a 600-megawatt solar facility near San Antonio, Texas. The project, estimated to cost US$0.9 billion, has secured Meta Platforms as a long-term partner who will purchase 100% of the renewable output.

Construction has already begun, with operations expected to commence in summer 2027. The project demonstrates growing demand for renewable power from technology companies and data center operators, while leveraging Enbridge's financial strength and construction expertise. The Company expects the project to positively impact both cash flow and earnings per share starting in 2027.

Enbridge (NYSE:ENB) has announced it will host a conference call and webcast on August 1, 2025, at 7 a.m. MT (9 a.m. ET) to discuss its 2025 second quarter results. The company will release its financial results before markets open on the same day. The conference call will include prepared remarks from the executive team, followed by a Q&A session for analysts and investors.

The event will be accessible via webcast and dial-in options, with North American participants able to join toll-free at 1-800-606-3040 using conference ID 9581867. A webcast replay and transcript will be made available on Enbridge's website after the event.

Enbridge (NYSE: ENB) has released its 24th annual Sustainability Report, highlighting significant progress in environmental and safety performance. The report showcases a 40% improvement in greenhouse gas emissions intensity and a 22% reduction in absolute GHG emissions from operations compared to 2018 baseline. Notable achievements include a remarkable 1,223% reduction in work-related injuries and safety incidents. The report incorporates updated Task Force on Climate-related Financial Disclosures, progress on Indigenous Reconciliation Action Plan, and data from recently acquired U.S. natural gas utilities. The report follows GRI Universal Standards, GRI 11 Oil & Gas Sector Standard, and SASB standards for Oil & Gas Midstream and Gas Utilities & Distributors.

Enbridge Inc. (ENB) has announced that none of its outstanding Cumulative Redeemable Preference Shares, Series 13 will be converted into Series 14 Shares on June 1, 2025. The conversion threshold required a minimum of 1,000,000 Series 13 Shares to be tendered, but after reviewing all conversion notices received by the May 20, 2025 deadline, the number of shares tendered fell short of this requirement.

I Squared Capital has agreed to acquire a 37% stake in Matterhorn InvestCo, LLC, which owns 65% of the Matterhorn Express Pipeline (MXP). MXP is a strategic 2.5 billion cubic feet per day natural gas pipeline connecting the Permian Basin to Texas demand centers and Gulf Coast LNG export terminals. The pipeline, which began operations in November 2024, is fully contracted and serves growing energy demand centers, including LNG terminals, industrial hubs, and AI-driven data centers in Austin and Houston areas. Post-transaction, MXP's ownership will be distributed among MXP HoldCo (65%), ONEOK (15%), MPLX (10%), and Enbridge (10%). WhiteWater Midstream will continue operating the pipeline through MXP HoldCo. The transaction is expected to close in mid-2025.

Enbridge (NYSE: ENB) has announced a landmark CAD$715 million investment agreement with the Stonlasec8 Indigenous Alliance Limited Partnership, representing 36 First Nations in British Columbia. The deal will grant the First Nations Partnership a 12.5% ownership stake in Enbridge's Westcoast natural gas pipeline system. The transaction is supported by a CAD$400 million loan guarantee from Canada Indigenous Loan Guarantee Corporation (CILGC).

The Westcoast pipeline system, operating for over 65 years, is a crucial energy infrastructure asset. The partnership aims to provide sustained economic benefits to First Nations communities, funding investments in housing, infrastructure, environmental stewardship, and cultural preservation. The transaction is expected to close by the end of Q2 2025, subject to financing completion and conditions precedent.

Enbridge (NYSE: ENB) reported strong Q1 2025 financial results with GAAP earnings of $2.3 billion ($1.04 per share), up from $1.4 billion in 2024. Adjusted EBITDA increased 18% to $5.8 billion, while distributable cash flow rose 9% to $3.8 billion. The company reaffirmed its 2025 guidance and announced several strategic investments, including: a $2.0 billion Mainline capital investment through 2028, acquisition of 10% stake in Matterhorn Express Pipeline for US$0.3 billion, and sanctioning of the Traverse Pipeline project. The Mainline achieved record quarterly throughput of 3.2 million barrels per day. Enbridge expects to maintain its 20-year streak of meeting or exceeding financial guidance, projecting 7-9% near-term EBITDA growth through 2026 and 5% annual growth thereafter.