Earnings Alerts

Enbridge (ENB) Earnings: 2026 Adjusted EBITDA Projected Between C$20.2B to C$20.8B, with Strong Growth Forecast

By December 3, 2025 No Comments
  • Enbridge anticipates adjusted EBITDA for 2026 to be between C$20.2 billion and C$20.8 billion, with an estimated C$20.75 billion.
  • The company’s adjusted distributable cash flow per share is projected to range from C$5.70 to C$6.10.
  • For 2025, EBITDA is expected to be in the upper half of the previously provided C$19.4 billion to C$20.0 billion range.
  • Enbridge plans to issue C$10 billion in debt in 2026 as part of its financing strategy.
  • The annualized common share dividend is increasing to C$3.88 per share from C$3.77.
  • 2025 guidance for both EBITDA and distributable cash flow per share has been reaffirmed by the company.
  • The company maintains its 2023 to 2026 compound annual growth rate outlook of 7-9% for EBITDA.
  • C$8 billion worth of new projects are set to become operational in 2026 across various company franchises.
  • Enbridge expects significant growth in 2026 due to recent rate settlements and cases in both its Gas Distribution and Gas Transmission sectors.
  • The company plans to deploy C$10 billion in growth capital during 2026, excluding maintenance capital.
  • Enbridge forecasts steady growth, driven by the introduction of new projects and the optimal use of existing assets.
  • Analyst recommendations include 11 buys, 13 holds, and 1 sell.

Enbridge on Smartkarma



On Smartkarma, independent analysts are providing insightful coverage of Enbridge. One notable report titled “Primer: Enbridge (ENB CN) – Sep 2025″ by αSK highlights Enbridge as a dominant North American energy infrastructure company with a vast network of pipelines for both crude oil and natural gas. The company’s business model focuses on fee-based operations through long-term contracts, ensuring stable cash flows and protection against direct commodity price fluctuations. Despite offering a strong dividend history and actively expanding into natural gas and renewable energy sectors, Enbridge faces risks from regulatory challenges, environmental opposition, and significant debt levels.

The analysis presented on Smartkarma points out both the strengths and vulnerabilities of Enbridge, providing investors with valuable insights into the company’s operations and potential risks. The research report, authored by αSK, reflects a bullish sentiment towards Enbridge’s position in the energy infrastructure sector but also acknowledges the hurdles and uncertainties the company may encounter in the broader market landscape.



A look at Enbridge Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth3
Resilience3
Momentum3
OVERALL SMART SCORE3.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Analysts using Smartkarma Smart Scores have given Enbridge a generally positive long-term outlook, with solid scores across multiple key factors. With a Value score of 3, Enbridge is considered reasonably valued relative to its peers. The company’s Dividend score of 4 indicates a strong track record of dividend payouts, which may be attractive to income-focused investors. While the Growth score of 3 suggests moderate growth prospects, the Resilience score of 3 highlights Enbridge’s ability to weather market downturns and maintain stability. Additionally, the Momentum score of 3 indicates a steady performance trend for the company.

Enbridge Inc. operates as an energy delivery company, primarily focusing on crude oil and liquids pipeline systems, natural gas transmission, and midstream businesses in Canada. With its solid Dividend score and overall positive Smart Karma Smart Scores, Enbridge appears to be positioned well for long-term success, offering a blend of value, income, and stability for investors.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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