Enbridge Reports 2025 Financial Results and Outlook for 2026 Growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 13 2026
0mins
Should l Buy ENB?
Source: Newsfilter
- Financial Performance Growth: In 2025, Enbridge reported GAAP earnings attributable to common shareholders of CAD 7.1 billion, or CAD 3.23 per share, representing a 39% increase from 2024, showcasing the company's robust performance amid rising energy demand.
- Distributable Cash Flow Increase: The company's distributable cash flow (DCF) reached CAD 12.5 billion in 2025, a 4% year-over-year increase, reflecting ongoing improvements in operational efficiency and cost control, thereby enhancing future investment capacity.
- Sustained Dividend Growth: Enbridge raised its 2026 quarterly dividend by 3% to CAD 0.97 per share, marking the 31st consecutive annual increase, demonstrating its commitment to shareholder returns and financial stability.
- Strategic Project Advancements: The company sanctioned CAD 14 billion in organic growth projects in 2025, including a 150 kbpd expansion of the Mainline system, which is expected to further enhance Enbridge's competitiveness in the North American energy market.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy ENB?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on ENB
Wall Street analysts forecast ENB stock price to fall
10 Analyst Rating
5 Buy
5 Hold
0 Sell
Moderate Buy
Current: 53.650
Low
45.79
Averages
53.54
High
69.00
Current: 53.650
Low
45.79
Averages
53.54
High
69.00
About ENB
Enbridge Inc. is an energy transportation and distribution company. The Company's segments include Liquids Pipelines, Gas Transmission, Gas Distribution and Storage, and Renewable Power Generation. Liquids Pipelines consists of pipelines and terminals in Canada and United States that transport and export various grades of crude oil and other liquid hydrocarbons, including the Mainline System, Regional Oil Sands System, Gulf Coast and Mid-Continent, and Other. Gas Transmission consists of its investments in natural gas pipelines and gathering and processing facilities in Canada and United States, including United States Gas Transmission, Canadian Gas Transmission, United States Midstream, and Other. Gas Distribution and Storage consists of its rate-regulated natural gas utility operations in Canada and United States. Renewable Power Generation consists primarily of investments in wind and solar assets, as well as equity interests in geothermal power and power transmission assets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Surging Oil Prices Prompt Defensive Investment Strategies
- Oil Price Surge Impact: The ongoing conflict with Iran has caused oil prices to skyrocket this year, potentially leading to a recession that could depress stock prices, prompting investors to adopt more defensive investment strategies to mitigate risks.
- Enbridge's Stability: Enbridge (ENB), a leading North American energy infrastructure company, derives over 98% of its annual earnings from stable cost-of-service or contracted frameworks, achieving financial guidance for 20 consecutive years, including during two major recessions, demonstrating its predictable cash flow and resilience.
- Procter & Gamble's Resilience: Procter & Gamble (PG), a consumer goods giant, has paid dividends for 135 consecutive years and increased its payouts for 69 straight years, with expectations of low-to-mid single-digit organic sales and earnings growth this year, showcasing its robustness amid economic uncertainty.
- Realty Income's Investment Plans: Realty Income (O) plans to invest $8 billion this year to expand its global real estate portfolio, supported by stable rental income from long-term net leases, and has increased its dividend for 31 consecutive years, indicating its ability to maintain cash flow growth even during economic downturns.
See More
Resilient Dividend Stocks Amid Rising Oil Prices
- Stable Cash Flow: Enbridge, a leading North American energy infrastructure company, has achieved its annual financial guidance for 20 consecutive years, demonstrating resilience in its business model even through two major recessions, which ensures predictable cash flow.
- Dividend Growth History: Procter & Gamble, a consumer goods giant, has increased its dividend for 69 straight years, with demand for its products remaining strong during economic downturns, and it expects to achieve low-to-mid single-digit sales and earnings growth, further solidifying its market position.
- Resilient REIT Performance: Realty Income, a leading global real estate investment trust, has raised its dividend for 31 consecutive years, with a diversified property portfolio that provides stable rental income even during economic downturns, and it plans to invest $8 billion this year to expand its global real estate portfolio.
- Defensive Investment Strategy: Given the surge in oil prices due to the war with Iran, which could trigger a recession, investors should consider increasing their holdings in resilient stocks like Enbridge, Procter & Gamble, and Realty Income to ensure stable returns in uncertain market conditions.
See More
Surging Oil Prices Prompt Defensive Investment Strategies
- Market Impact of Oil Surge: Oil prices have surged this year due to the war with Iran, potentially triggering a recession that could negatively impact stock prices, prompting investors to adopt more defensive investment strategies.
- Enbridge's Stable Returns: Enbridge (NYSE: ENB), a leading North American energy infrastructure company, generates over 98% of its annual earnings from stable cost-of-service or contracted frameworks, ensuring predictable cash flow and achieving its financial guidance for 20 consecutive years, even during two major recessions.
- Procter & Gamble's Resilience: Procter & Gamble (NYSE: PG), a major consumer goods manufacturer, has paid dividends for 135 consecutive years and increased payouts for 69 straight years, with expectations of low-to-mid single-digit organic sales and earnings growth this year, showcasing its resilience during economic downturns.
- Realty Income's Growth Potential: Realty Income (NYSE: O), a leading global REIT, has a diversified portfolio and has increased dividends for 31 consecutive years, with plans to invest $8 billion this year to expand its global real estate portfolio, further supporting cash flow and dividend growth.
See More
Energy Stocks Show Long-Term Potential in AI Investments
- Energy Transition Opportunity: Energy Transfer, a diversified midstream energy company, is strategically positioning itself to supply natural gas to meet the increasing electricity demands of data centers, with one-third of new gas-fired power capacity in the U.S. expected to support AI applications, driving future growth.
- Nuclear Power Advantage: Constellation Energy, the largest clean and low-carbon energy provider in the U.S., leverages its nuclear power business to provide stable baseload power for data centers, further solidified by recent 20-year power purchase agreements with Meta and Microsoft, enhancing its market position in the AI sector.
- Renewable Energy Potential: Enbridge is tapping into AI-driven electricity demand through a long-term contract with Meta for 100% of the renewable energy produced by its Texas solar project, showcasing its potential while collaborating with Microsoft to improve pipeline detection and energy transportation efficiency.
- Investment Appeal: All three companies present attractive investment opportunities, with Energy Transfer offering a 6.8% dividend yield, Constellation's stock appreciating 550% over the past five years, and Enbridge providing a 5.2% yield, making them appealing choices for income-focused investors.
See More
Analysis of Stable Cash Flows in Energy Companies
- Investment in Growth: Energy Transfer plans to invest over $5 billion in growth capital projects in 2023, which is expected to enhance its cash flow and support an annual dividend increase of 3% to 5%, thereby solidifying its position in the energy market.
- Stable Revenue Sources: Enbridge generates 98% of its cash flow from contracted and take-or-pay assets, producing 12.5 billion CAD (approximately $9 billion) in distributable cash flow last year, demonstrating its high predictability and stability, which supports its 31 consecutive years of dividend increases.
- Cash Flow Expectations: Kinder Morgan anticipates nearly $6.4 billion in cash flow from operations this year, planning to pay out about $2.7 billion in dividends while retaining the rest for pipeline expansion, which is expected to continue driving its 3.5% high-yield dividend growth.
- Long-Term Contract Advantage: Pipeline companies benefit from long-term contracts and government-regulated rate structures, allowing them to maintain stable profitability even after fluctuations in oil prices, making them ideal for investors seeking long-term income.
See More
Midstream Energy Companies Benefit from Rising Oil Prices
- Energy Transition Investment: Energy Transfer plans to invest over $5 billion in growth capital projects in 2023, which will drive cash flow growth and support annual dividend increases of 3% to 5%, enhancing its competitive position in the market.
- Stable Cash Flow: Enbridge generated CAD 12.5 billion (approximately $9 billion) in distributable cash flow last year, with 98% of its cash flows being contracted or take-or-pay, ensuring financial stability and continued dividend growth for the coming years.
- Pipeline Expansion Plans: Kinder Morgan expects to generate nearly $6.4 billion in cash flow from operations this year and plans to pay out about $2.7 billion in dividends while retaining the rest for pipeline expansion, with $10 billion in growth capital projects expected to be completed by 2030.
- Long-Term Contract Advantage: These midstream companies ensure cash flow stability through long-term contracts and government-regulated rate structures, allowing them to remain profitable even after fluctuations in oil prices, making them ideal for long-term investors.
See More
Surging Oil Prices Prompt Defensive Investment Strategies
- Oil Price Surge Impact: The ongoing conflict with Iran has caused oil prices to skyrocket this year, potentially leading to a recession that could depress stock prices, prompting investors to adopt more defensive investment strategies to mitigate risks.
- Enbridge's Stability: Enbridge (ENB), a leading North American energy infrastructure company, derives over 98% of its annual earnings from stable cost-of-service or contracted frameworks, achieving financial guidance for 20 consecutive years, including during two major recessions, demonstrating its predictable cash flow and resilience.
- Procter & Gamble's Resilience: Procter & Gamble (PG), a consumer goods giant, has paid dividends for 135 consecutive years and increased its payouts for 69 straight years, with expectations of low-to-mid single-digit organic sales and earnings growth this year, showcasing its robustness amid economic uncertainty.
- Realty Income's Investment Plans: Realty Income (O) plans to invest $8 billion this year to expand its global real estate portfolio, supported by stable rental income from long-term net leases, and has increased its dividend for 31 consecutive years, indicating its ability to maintain cash flow growth even during economic downturns.
See More
Resilient Dividend Stocks Amid Rising Oil Prices
- Stable Cash Flow: Enbridge, a leading North American energy infrastructure company, has achieved its annual financial guidance for 20 consecutive years, demonstrating resilience in its business model even through two major recessions, which ensures predictable cash flow.
- Dividend Growth History: Procter & Gamble, a consumer goods giant, has increased its dividend for 69 straight years, with demand for its products remaining strong during economic downturns, and it expects to achieve low-to-mid single-digit sales and earnings growth, further solidifying its market position.
- Resilient REIT Performance: Realty Income, a leading global real estate investment trust, has raised its dividend for 31 consecutive years, with a diversified property portfolio that provides stable rental income even during economic downturns, and it plans to invest $8 billion this year to expand its global real estate portfolio.
- Defensive Investment Strategy: Given the surge in oil prices due to the war with Iran, which could trigger a recession, investors should consider increasing their holdings in resilient stocks like Enbridge, Procter & Gamble, and Realty Income to ensure stable returns in uncertain market conditions.
See More
Surging Oil Prices Prompt Defensive Investment Strategies
- Market Impact of Oil Surge: Oil prices have surged this year due to the war with Iran, potentially triggering a recession that could negatively impact stock prices, prompting investors to adopt more defensive investment strategies.
- Enbridge's Stable Returns: Enbridge (NYSE: ENB), a leading North American energy infrastructure company, generates over 98% of its annual earnings from stable cost-of-service or contracted frameworks, ensuring predictable cash flow and achieving its financial guidance for 20 consecutive years, even during two major recessions.
- Procter & Gamble's Resilience: Procter & Gamble (NYSE: PG), a major consumer goods manufacturer, has paid dividends for 135 consecutive years and increased payouts for 69 straight years, with expectations of low-to-mid single-digit organic sales and earnings growth this year, showcasing its resilience during economic downturns.
- Realty Income's Growth Potential: Realty Income (NYSE: O), a leading global REIT, has a diversified portfolio and has increased dividends for 31 consecutive years, with plans to invest $8 billion this year to expand its global real estate portfolio, further supporting cash flow and dividend growth.
See More
Energy Stocks Show Long-Term Potential in AI Investments
- Energy Transition Opportunity: Energy Transfer, a diversified midstream energy company, is strategically positioning itself to supply natural gas to meet the increasing electricity demands of data centers, with one-third of new gas-fired power capacity in the U.S. expected to support AI applications, driving future growth.
- Nuclear Power Advantage: Constellation Energy, the largest clean and low-carbon energy provider in the U.S., leverages its nuclear power business to provide stable baseload power for data centers, further solidified by recent 20-year power purchase agreements with Meta and Microsoft, enhancing its market position in the AI sector.
- Renewable Energy Potential: Enbridge is tapping into AI-driven electricity demand through a long-term contract with Meta for 100% of the renewable energy produced by its Texas solar project, showcasing its potential while collaborating with Microsoft to improve pipeline detection and energy transportation efficiency.
- Investment Appeal: All three companies present attractive investment opportunities, with Energy Transfer offering a 6.8% dividend yield, Constellation's stock appreciating 550% over the past five years, and Enbridge providing a 5.2% yield, making them appealing choices for income-focused investors.
See More
Analysis of Stable Cash Flows in Energy Companies
- Investment in Growth: Energy Transfer plans to invest over $5 billion in growth capital projects in 2023, which is expected to enhance its cash flow and support an annual dividend increase of 3% to 5%, thereby solidifying its position in the energy market.
- Stable Revenue Sources: Enbridge generates 98% of its cash flow from contracted and take-or-pay assets, producing 12.5 billion CAD (approximately $9 billion) in distributable cash flow last year, demonstrating its high predictability and stability, which supports its 31 consecutive years of dividend increases.
- Cash Flow Expectations: Kinder Morgan anticipates nearly $6.4 billion in cash flow from operations this year, planning to pay out about $2.7 billion in dividends while retaining the rest for pipeline expansion, which is expected to continue driving its 3.5% high-yield dividend growth.
- Long-Term Contract Advantage: Pipeline companies benefit from long-term contracts and government-regulated rate structures, allowing them to maintain stable profitability even after fluctuations in oil prices, making them ideal for investors seeking long-term income.
See More
Midstream Energy Companies Benefit from Rising Oil Prices
- Energy Transition Investment: Energy Transfer plans to invest over $5 billion in growth capital projects in 2023, which will drive cash flow growth and support annual dividend increases of 3% to 5%, enhancing its competitive position in the market.
- Stable Cash Flow: Enbridge generated CAD 12.5 billion (approximately $9 billion) in distributable cash flow last year, with 98% of its cash flows being contracted or take-or-pay, ensuring financial stability and continued dividend growth for the coming years.
- Pipeline Expansion Plans: Kinder Morgan expects to generate nearly $6.4 billion in cash flow from operations this year and plans to pay out about $2.7 billion in dividends while retaining the rest for pipeline expansion, with $10 billion in growth capital projects expected to be completed by 2030.
- Long-Term Contract Advantage: These midstream companies ensure cash flow stability through long-term contracts and government-regulated rate structures, allowing them to remain profitable even after fluctuations in oil prices, making them ideal for long-term investors.
See More
