)
Overview
<ul>
<li>Canada energy infrastructure firm’s Q4 adjusted EPS beat analyst expectations</li>
<li>Q4 adjusted net income beat analyst expectations</li>
<li>Company sanctioned $14 bln in growth projects in 2025</li>
</ul>
Outlook
<ul>
<li>Enbridge reaffirms 2026 adjusted EBITDA guidance between C$20.2 bln and C$20.8 bln</li>
<li>Company expects 2026 DCF per share between C$5.70 and C$6.10</li>
<li>Enbridge increases 2026 quarterly dividend by 3% to C$0.97 per share</li>
</ul>
Result Drivers
<ul>
<li>GAS TRANSMISSION CONTRACTING - Favorable contracting and rate case settlements boosted Gas Transmission adjusted EBITDA</li>
<li>LIQUIDS PIPELINES DEMAND - Higher demand and operational efficiencies increased Mainline System contributions</li>
<li>RENEWABLE POWER PROJECTS - Sanctioned Cowboy Phase 1 and Easter projects to expand renewable power capacity</li>
</ul>
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q4 Beat C$0.88 C$0.77
Adjusted (12
EPS Analysts
)
<h3>Q4 EPS C$0.89</h3>
Q4 Beat C$1.92 C$1.70
Adjusted bln bln (5
Net Analysts
Income )
<h3>Q4 C$5.21</h3>
Adjusted bln
<h3>EBITDA</h3>
Analyst Coverage
<ul>
<li>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”</li>
<li>The average consensus recommendation for the oil &amp; gas transportation services peer group is “buy”</li>
<li>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</li>
<li>The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 21 three months ago</li>
</ul>
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.)

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