Enbridge's second quarter Adjusted EBITDA rises to C$4.8B as company reaffirms 2026 guidance.

Enbridge reported second quarter 2026 adjusted earnings of C$0.63 per share on adjusted EBITDA of C$4.78 billion. The company's distributable cash flow (DCF) for the quarter was C$2.9 billion, nearly flat compared to the prior year. Enbridge reaffirmed its full-year 2026 guidance and announced an expansion of its secured project backlog.

Key Highlights

• Adjusted EBITDA increased to C$4.78 billion from C$4.64 billion a year earlier, with the growth primarily attributed to higher revenues from recent rate cases in its U.S. Gas Transmission and Distribution businesses.
• The company reaffirmed its full-year 2026 financial guidance for adjusted EBITDA between C$20.2 billion and C$20.8 billion and DCF per share between C$5.70 and C$6.10.
• Enbridge's secured capital project backlog grew to C$41 billion after sanctioning the US$1.0 billion Line 5 Relocation project in Wisconsin, which is expected to enter service in early 2027.