- Enbridge’s adjusted EBITDA for the second quarter was C$4.64 billion, marking a 7.1% increase year-over-year and surpassing the estimate of C$4.53 billion.
- The adjusted earnings per share (EPS) increased to C$0.65 from C$0.58, exceeding the estimated C$0.58.
- Adjusted net income reached C$1.42 billion, up 14% from the previous year and higher than the C$1.28 billion estimate.
- Distributable cash flow rose 1.6% to C$2.90 billion, surpassing the expected C$2.73 billion.
- Cash from operating activities grew by 15% to C$3.24 billion, although it fell short of the C$3.45 billion estimate.
- Liquid pipelines adjusted EBITDA decreased by 4.9% to C$2.34 billion, slightly below the C$2.37 billion estimate.
- The Mainline system reported an adjusted EBITDA of C$1.30 billion, a slight decline of 1% year-over-year but slightly above the C$1.29 billion estimate.
- Regional Oil Sands System adjusted EBITDA increased by 0.8% to C$245 million, exceeding the C$237.3 million estimate.
- The Gulf Coast and Mid-Continent System saw a significant 20% decline in adjusted EBITDA to C$348 million, below the estimate of C$391.4 million.
- Other adjusted EBITDA was C$439 million, a decrease of 4.6%, yet above the estimate of C$437.8 million.
- The gas transmission and midstream segment’s adjusted EBITDA surged 28% to C$1.38 billion, surpassing the C$1.24 billion estimate.
- Gas distribution and storage adjusted EBITDA soared 48% to C$840 million, beating the estimated C$768.3 million.
- Renewable power generation adjusted EBITDA fell by 18% to C$120 million, missing the C$147.7 million estimate.
- The eliminations and other segment recorded a loss of C$36 million compared to a profit of C$83 million in the previous year, contrasting with an expected profit of C$57.5 million.
- Enbridge reaffirmed its 2025 financial guidance with adjusted EBITDA projected to be between $19.4 billion and $20.0 billion, and distributable cash flow per share between $5.50 and $5.90.
- The company expects a 5% annual growth in adjusted EBITDA, EPS, and DCF per share post-2026.
- Enbridge remains focused on predictable results supported by high utilization across systems and low-risk commercial frameworks despite geopolitical and macroeconomic challenges.
- The company has 13 buy recommendations, 11 holds, and 1 sell from analysts.
A look at Enbridge Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
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
Enbridge Inc. operates as an energy delivery company based in Canada. Smartkarma’s Smart Scores provide insight into the company’s long-term outlook, with a solid overall assessment. Enbridge receives a 3 for Value, 4 for Dividend, 3 for Growth, 3 for Resilience, and 3 for Momentum. This indicates a balanced performance across key factors such as value, dividend payments, growth potential, resilience, and momentum.
Looking ahead, Enbridge’s outlook appears positive with noteworthy scores in dividend payments and resilience, suggesting a stable income stream and ability to withstand market challenges. While the scores for growth and momentum are average, the company’s strategic positioning in the energy sector underscores its importance in energy projects and distribution of various energy products, reinforcing its long-term viability.
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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