Enbridge Inc. (ENBHF) Announced Q1 2026 Earnings on May 8, 2026, Reporting "DCF per share is up $0.03" for the first quarter

For the first quarter of 2026, Enbridge Inc. reported that "adjusted EBITDA remained consistent, DCF per share is up 0.03. FX rates year-over-year impacted all 4 business units." Regarding forward guidance, the company reaffirmed its 2026 expectations, stating it is "on track to achieve the midpoint of our guidance ranges for both EBITDA and DCF per share." The company also reaffirmed its "post-2026 growth outlook, a 5% average annual growth rate for EBITDA, DCF per share and EPS" through the end of the decade.

Key business updates for the first quarter included achieving "record first quarter volumes of 3.2 million barrels per day" on the mainline.

Management highlighted they are advancing "mainline optimization Phase 2 or MLO2, which is expected to add 250,000 barrels per day of incremental WCSB egress capacity by the end of 2028." Additionally, the company "completed our seventh expansion of tank storage at Ingleside and have now increased storage capacity to approximately 20 million barrels" and brought the "120,000 barrel per day Gray Oak expansion into service."Notable partnership and product announcements included the company "expanding our partnership with Meta once again by sanctioning Cone, an onshore wind project in Texas, which we expect to invest USD 700 million and have the project enter service by the end of 2027." Management also announced they "sanctioned an expansion of the Vector pipeline for just over $100 million, adding 400 million cubic feet per day of westbound capacity" and "sanctioned approximately 8 Bcf of unregulated natural gas storage expansion at the Dawn Hub with an in-service date of 2029."