Enbridge Inc (ENBHF) Announced Q4 2025 Earnings, Reporting 'Record Financial Results'

Enbridge Inc reported "record fourth quarter and full-year EBITDA, DCF, and earnings per share". Management noted that "adjusted EBITDA is up CAD 83 million," "DCF is up CAD 0.06," and "EPS increased CAD 0.13" compared to the fourth quarter of 2024. The company highlighted that its "debt to EBITDA remains within our leverage range of 4.5-5 times".

Key business updates included the sanctioning of "over $14 billion of capital in 2025" and placing "CAD 5 billion of assets into service" during the past year. The company's "growth backlog has grown 35%" since the previous Investor Day. Operational highlights included the Mainline transporting "approximately 3.1 million barrels per day on average" and the "sanctioning of Bay Runner," an extension of the Whistler pipeline.

Management reaffirmed 2026 guidance, stating confidence in achieving "full-year EBIT expectations between CAD 20.2 billion and CAD 20.8 billion" and "DCF of between 570 and 610 per share". The company also noted it expects to "achieve 5% growth through the end of the decade".

Notable announcements included a partnership with "Meta Inc" to sanction "Cowboy Phase One and Easter Wind," which will supply "over 500 MW of renewable power to support data center operations". Additionally, the company announced the "first phase of Sequoia Solar entered service in December"