The earnings call highlighted strong financial performance, strategic partnerships, and successful expansion projects, reinforcing Enbridge's robust position in the market. However, regulatory challenges and higher capital costs in specific projects like Ohio and Woodfibre LNG present some hurdles.

Company Guidance

During the Enbridge Inc. Second Quarter 2025 Financial Results Conference Call, the company provided robust guidance, underscored by several key metrics. Enbridge reported a record second quarter EBITDA, largely driven by the contributions from recent U.S. gas utility acquisitions and successful rate settlements in their Gas Transmission business. They are on track to achieve the upper end of their EBITDA guidance range for the year and are well-positioned to meet the midpoint of their Distributable Cash Flow (DCF) per share guidance. As of June 30, 2025, Enbridge maintained a strong balance sheet with a debt-to-EBITDA ratio of 4.7x, supported by high asset utilization, including the Mainline system transporting 3 million barrels per day. The company continues to execute growth projects such as the $900 million Clear Fork project in Texas and several expansions in Gas Transmission to meet rising industrial and LNG demand. Enbridge also highlighted its strategic capital allocation, maintaining a DCF payout ratio of 60% to 70% and expecting to return $40 billion to $45 billion to shareholders over the next five years. The company remains committed to disciplined investments, prioritizing low multiple brownfield and utility-like projects with an annual investment capacity of $9 billion to $10 billion.

Record-Breaking Second Quarter 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. The company is on track to finish the year at the upper end of its EBITDA guidance range.

Successful Indigenous Partnership

Enbridge closed an investment on its West Coast system by a consortium of 38 indigenous groups backed by a loan guarantee provided by the Canadian government, highlighting sustained economic benefits and successful capital recycling.

Expansion and Growth in Gas and Renewable Segments

Enbridge sanctioned the $900 million Clear Fork project in Texas, supported by Meta, and expanded Texas Eastern and Aitken Creek gas storage to meet rising demand. The company continues to capitalize on power demand with projects like the Traverse Pipeline expansion.

Strong Financial Performance

Adjusted EBITDA increased by 7% and earnings per share by 12% compared to the previous year. Enbridge reaffirmed its 2025 guidance and growth outlook across all metrics.

Strategic Capital Allocation

Enbridge's balance sheet is in good shape with a debt-to-EBITDA ratio below the midpoint of its target range. The company remains focused on disciplined capital allocation and has a $9 billion to $10 billion annual investment capacity.

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

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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 / -	0.398	―	―	―
Aug 01, 2025	2025 (Q2)	0.42 / 0.47	0.419	12.07% (+0.05)
May 09, 2025	2025 (Q1)	0.70 / 0.74	0.665	11.96% (+0.08)
Feb 14, 2025	2024 (Q4)	0.54 / 0.54	0.463	17.19% (+0.08)
Nov 01, 2024	2024 (Q3)	0.39 / 0.40	0.448	-11.29% (-0.05)
Aug 02, 2024	2024 (Q2)	0.46 / 0.42	0.492	-14.71% (-0.07)
May 10, 2024	2024 (Q1)	0.59 / 0.67	0.615	8.24% (+0.05)
Feb 09, 2024	2023 (Q4)	0.49 / 0.46	0.455	1.59% (<+0.01)
Nov 03, 2023	2023 (Q3)	0.42 / 0.45	0.484	-7.46% (-0.04)
Aug 04, 2023	2023 (Q2)	0.49 / 0.49	0.484	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	$44.65	$45.54	+1.99%
May 09, 2025	$44.45	$44.76	+0.70%
Feb 14, 2025	$43.49	$41.82	-3.84%
Nov 01, 2024	$38.07	$38.09	+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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