Enbridge expects to deploy $10B of growth capital in 2026

“Enbridge (ENB) expects to deploy approximately $10 billion of growth capital in 2026, exclusive of maintenance capital. We expect the balance sheet to remain strong with the debt-to-EBITDA ratio at the end of 2026 expected to be within the company’s 4.5-5.0x target range. The financing plan includes approximately $10 billion of debt issuances in 2026 which is substantially earmarked for the refinancing of $5 billion of debt maturities, with no external equity required. The company has hedged a portion of its anticipated fixed-rate term-debt issuances for 2026.”