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Enbridge ( (TSE:ENB) ) just unveiled an announcement.
Enbridge reported record 2025 financial results, with GAAP earnings attributable to common shareholders rising to $7.1 billion, adjusted earnings increasing 9% to $6.6 billion, and EBITDA up 7% to $20.0 billion, while distributable cash flow grew 4% to $12.5 billion. The company achieved its financial guidance for the 20th straight year, raised its 2026 quarterly dividend by 3%—marking a 31-year streak of annual increases—and exited the year with a Debt-to-EBITDA ratio of 4.8x, underscoring balance sheet flexibility.
Management reaffirmed 2026 financial guidance and a multi-year outlook while expanding its secured capital backlog to $39 billion after placing $5 billion of projects into service and sanctioning $14 billion in new organic growth in 2025. Key approvals included Mainline Optimization Phase 1 to add Canadian crude egress and expand the Flanagan South Pipeline under long-term contracts, U.S. natural gas expansions such as the Bay Runner extension and a larger Eiger Express Pipeline, and sizable renewable and storage-backed power projects including the Cowboy solar and battery facility and the Easter wind project supporting major technology customers, reinforcing Enbridge’s diversified, low-risk growth strategy across liquids, gas, and renewables.
The most recent analyst rating on (TSE:ENB) stock is a Hold with a C$69.00 price target. To see the full list of analyst forecasts on Enbridge stock, see the TSE:ENB Stock Forecast page.
Spark’s Take on TSE:ENB Stock
According to Spark, TipRanks’ AI Analyst, TSE:ENB is a Neutral.
Enbridge’s overall stock score reflects a balance of strong operational performance and growth prospects against financial challenges and high leverage. The earnings call provided positive guidance, supporting future growth, while the attractive dividend yield offers a buffer against valuation concerns. Technical indicators suggest caution, but the company’s strategic initiatives and reaffirmed guidance provide confidence in its resilience.
To see Spark’s full report on TSE:ENB stock, click here.
More about Enbridge
Enbridge Inc. is a North American energy infrastructure company focused on crude oil and liquids pipelines, natural gas transmission and storage, gas utilities, and renewable power. The company operates large-scale long-haul pipeline networks and related midstream assets that connect Western Canadian and U.S. supply basins with key refining and consuming markets, positioning it as a critical player in continental energy transportation and transition-focused power projects.
Average Trading Volume: 7,804,703
Technical Sentiment Signal: Buy
Current Market Cap: C$152.6B
Find detailed analytics on ENB stock on TipRanks’ Stock Analysis page.