Quarterly ResultMay 8, 2026, 07:07 AM
Enbridge Q1 Adjusted EBITDA $5.81B; Reaffirms 2026 Guidance
AI Summary
Enbridge Inc. reported strong first quarter 2026 financial results, with adjusted EBITDA of $5.8 billion, in-line with the prior year, and distributable cash flow (DCF) increasing to $3.9 billion. The company reaffirmed its 2026 full-year financial guidance for adjusted EBITDA and DCF per share. Enbridge also grew its secured capital backlog by $2 billion to approximately $40 billion, driven by new project sanctions including the Cone onshore wind project, Tres Palacios storage expansion, Vector Pipeline expansion, and Dawn Hub storage expansion.
Key Highlights
- GAAP earnings attributable to common shareholders were $1.7 billion or $0.77 per common share, down from $2.3 billion in 2025.
- Adjusted earnings were $2.1 billion or $0.98 per common share, compared with $2.2 billion or $1.03 per common share in 2025.
- Adjusted EBITDA was $5.8 billion, in-line with $5.8 billion in 2025.
- Distributable cash flow (DCF) increased to $3.9 billion from $3.8 billion in 2025.
- Reaffirmed 2026 financial guidance for adjusted EBITDA between $20.2 billion and $20.8 billion.
- Reaffirmed 2026 DCF per share guidance between $5.70 and $6.10.
- Secured growth backlog increased by $2 billion to approximately $40 billion.
- Declared a quarterly common share dividend of $0.9700, payable June 1, 2026.