Earnings ·
Enbridge Inc. reported second quarter 2026 financial results, announcing GAAP earnings attributable to common…
EBRGFEnbridge Inc
Enbridge Inc. reported second quarter 2026 financial results, announcing GAAP earnings attributable to common shareholders of $1.4 billion ($0.64 per share), a decrease from $2.2 billion ($1.00 per share) in the prior year period due primarily to non-cash unrealized derivative losses and inventory adjustments. Adjusted EBITDA rose 3% to $4.8 billion, while distributable cash flow remained stable at $2.9 billion. The company reaffirmed its full-year adjusted EBITDA guidance of $20.2–$20.8 billion and DCF per share guidance of $5.70–$6.10. Enbridge added over US$1.0 billion to its secured growth backlog, bringing the total to approximately $41 billion, driven by the sanctioning of the Line 5 Relocation project in Wisconsin and the Bay Runner Twin Pipeline. The firm also signed an exclusive option to acquire the TTC Connector Pipeline and began construction on the $4 billion Sunrise Expansion of its B.C. Pipeline system. Enbridge Inc. operates as a major energy infrastructure company, owning and operating pipelines for liquids and natural gas across North America.