---
title: "Canada's Enbridge beats Q4 profit expectations on pipeline demand"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/275897418.md"
datetime: "2026-02-13T12:09:37.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/275897418.md)
  - [en](https://longbridge.com/en/news/275897418.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/275897418.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/275897418.md) | [繁體中文](https://longbridge.com/zh-HK/news/275897418.md)


# Canada's Enbridge beats Q4 profit expectations on pipeline demand

)

Overview

-   Canada energy infrastructure firm’s Q4 adjusted EPS beat analyst expectations
-   Q4 adjusted net income beat analyst expectations
-   Company sanctioned $14 bln in growth projects in 2025

Outlook

-   Enbridge reaffirms 2026 adjusted EBITDA guidance between C$20.2 bln and C$20.8 bln
-   Company expects 2026 DCF per share between C$5.70 and C$6.10
-   Enbridge increases 2026 quarterly dividend by 3% to C$0.97 per share

Result Drivers

-   GAS TRANSMISSION CONTRACTING - Favorable contracting and rate case settlements boosted Gas Transmission adjusted EBITDA
-   LIQUIDS PIPELINES DEMAND - Higher demand and operational efficiencies increased Mainline System contributions
-   RENEWABLE POWER PROJECTS - Sanctioned Cowboy Phase 1 and Easter projects to expand renewable power capacity

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q4 Beat C$0.88 C$0.77

Adjusted (12

EPS Analysts

)

### Q4 EPS C$0.89

Q4 Beat C$1.92 C$1.70

Adjusted bln bln (5

Net Analysts

Income )

### Q4 C$5.21

Adjusted bln

### EBITDA

Analyst Coverage

-   The current average analyst rating on the shares is “buy” and the breakdown of recommendations is 11 “strong buy” or “buy”, 12 “hold” and 1 “sell” or “strong sell”
-   The average consensus recommendation for the oil & gas transportation services peer group is “buy”
-   Wall Street’s median 12-month price target for Enbridge Inc is C$71.00, about 0.5% above its February 12 closing price of C$70.62
-   The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 21 three months ago

Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

### Related Stocks

- [EnLink Midstream, LLC (ENLC.US)](https://longbridge.com/en/quote/ENLC.US.md)
- [Global X MLP ETF (MLPA.US)](https://longbridge.com/en/quote/MLPA.US.md)
- [Enbridge Inc. (ENB.US)](https://longbridge.com/en/quote/ENB.US.md)
- [Global X MLP & Energy Infrastructure ETF (MLPX.US)](https://longbridge.com/en/quote/MLPX.US.md)
- [Alerian MLP ETF (AMLP.US)](https://longbridge.com/en/quote/AMLP.US.md)
- [Tortoise North American Pipeline (TPYP.US)](https://longbridge.com/en/quote/TPYP.US.md)
- [First Trust North Amer Engy InfrasETF (EMLP.US)](https://longbridge.com/en/quote/EMLP.US.md)
- [SttStrtSPDRS&POil&GasExplor&ProdtnETF (XOP.US)](https://longbridge.com/en/quote/XOP.US.md)

## Related News & Research

- [Sunoco Completes $1.2 Billion Senior Notes Offering](https://longbridge.com/en/news/278445528.md)
- [Research Alert: CFRA Keeps Hold Opinion On Shares Of Pembina Pipeline Corporation](https://longbridge.com/en/news/278348239.md)
- [Enbridge (TSX:ENB) Valuation Check After Recent Share Price Momentum And Mixed Fair Value Signals](https://longbridge.com/en/news/278665947.md)
- [PCJ Investment Counsel Ltd. Cuts Holdings in Pembina Pipeline Corp. $PBA](https://longbridge.com/en/news/278711564.md)
- [Will Enbridge’s (TSX:ENB) New CA$2 Billion Bond Deals and Dividend Hike Change Its Narrative](https://longbridge.com/en/news/278269387.md)