The earnings call presented a generally positive outlook with record-breaking EBITDA, strong balance sheet, significant investments, and positive financial performance. However, there were challenges related to regulatory outcomes and increased project costs.

Company Guidance -

Q3 2025

During the second quarter of 2025, Enbridge Inc. reported a record EBITDA, primarily driven by U.S. gas utilities acquisitions and successful rate settlements in the Gas Transmission business. The company transported an average of 3 million barrels per day on its Mainline system and maintained a strong balance sheet with a debt-to-EBITDA ratio of 4.7x as of June 30. Enbridge remains on track to finish the year at the upper end of its EBITDA guidance range and meet its midpoint for DCF per share. Key growth initiatives include the acquisition of a 10% interest in the Matterhorn Express pipeline, an upsized Traverse Pipeline project, and the sanctioning of the $900 million Clear Fork solar project in Texas. Enbridge's diverse project portfolio, spread across Liquids, Gas Transmission, Gas Distribution, and Renewable Power, demonstrates its capacity to deliver stable returns amidst market volatility. The company is poised to capitalize on increasing energy demand across North America, supported by its strategic infrastructure and partnerships, such as the investment by indigenous groups in its West Coast system.

Record-Breaking EBITDA

Enbridge set another record for second quarter EBITDA, driven by contributions from acquired U.S. gas utilities and successful rate settlements in the Gas Transmission business.

Strong Balance Sheet

As of June 30, the debt to EBITDA ratio was 4.7x, demonstrating a strong balance sheet primarily due to realizing another full quarter of earnings from the U.S. gas utility acquisitions.

Significant Investments and Partnerships

Closed an investment on the West Coast system by a consortium of 38 indigenous groups and acquired a 10% interest in the Matterhorn Express pipeline in the Permian.

Successful Project Sanctions

Sanctioned the $900 million Clear Fork project in Texas and expansions of Texas Eastern and Aitken Creek gas storage to serve growing industrial power and LNG demand.

Positive Financial Performance

Compared to Q2 2024, adjusted EBITDA is up 7%, earnings per share up 12%, while DCF per share is comparable.

Continued Dividend Growth

2025 marks the 30th consecutive annual dividend increase, supported by the business model.

Enbridge (ENB) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

ENB Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 31, 2025	2025 (Q3)	0.40 / -	0.399	―	―	―
Aug 01, 2025	2025 (Q2)	0.42 / 0.47	0.421	12.07% (+0.05)
May 09, 2025	2025 (Q1)	0.70 / 0.75	0.668	11.96% (+0.08)
Feb 14, 2025	2024 (Q4)	0.54 / 0.54	0.465	17.19% (+0.08)
Nov 01, 2024	2024 (Q3)	0.39 / 0.40	0.45	-11.29% (-0.05)
Aug 02, 2024	2024 (Q2)	0.46 / 0.42	0.494	-14.71% (-0.07)
May 10, 2024	2024 (Q1)	0.59 / 0.67	0.617	8.24% (+0.05)
Feb 09, 2024	2023 (Q4)	0.49 / 0.46	0.457	1.59% (<+0.01)
Nov 03, 2023	2023 (Q3)	0.42 / 0.45	0.486	-7.46% (-0.04)
Aug 04, 2023	2023 (Q2)	0.50 / 0.49	0.486	1.49% (<+0.01)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

ENB Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 01, 2025	$45.29	$46.20	+2.01%
May 09, 2025	$45.09	$45.41	+0.71%
Feb 14, 2025	$44.11	$42.42	-3.83%
Nov 01, 2024	$38.62	$38.64	+0.05%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Enbridge Inc (ENB) report earnings?

Enbridge Inc (ENB) is schdueled to report earning on Oct 31, 2025, Before Open (Confirmed).

What is Enbridge Inc (ENB) earnings time?

Enbridge Inc (ENB) earnings time is at Oct 31, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is ENB EPS forecast?

ENB EPS forecast for the fiscal quarter 2025 (Q3) is 0.4.

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