Enbridge owns extensive midstream assets that transport hydrocarbons across the US and Canada... Show more
Enbridge's Q4 2025 earnings cap a year of record performance amid steady energy demand and strategic expansions in pipelines, utilities, and renewables. As North America's largest energy infrastructure company, these results underscore its resilient, fee-based model, which delivered financial guidance for the 20th straight year. Investors watch closely for cash flow growth supporting dividends, project execution amid regulatory scrutiny, and positioning in energy transition trends like natural gas for power generation and LNG exports. Strong outcomes signal stability in volatile commodity markets, influencing midstream peers and yield-focused portfolios.
Enbridge posted Q4 2025 GAAP earnings attributable to common shareholders of $2.0 billion ($0.89 per share), up from $0.5 billion ($0.23 per share) in Q4 2024. Adjusted earnings reached $1.9 billion ($0.88 per share), surpassing prior year $1.6 billion ($0.75 per share) and consensus around $0.60-$0.79 USD equivalent. Adjusted EBITDA hit $5.2 billion, up from $5.1 billion. Full-year adjusted EBITDA was $20.0 billion (up 7%), adjusted earnings $6.6 billion ($3.02 per share, up 8%), and DCF $12.5 billion (up 4%).
Liquids Pipelines EBITDA rose to $2.4 billion in Q4 on higher Mainline volumes; Gas Transmission up on extensions; Gas Distribution gained from rate hikes and weather. Renewables dipped due to tax credit timing. Revenue figures varied in reports ($12.3B-$17.2B USD), but key metrics beat expectations. Debt-to-EBITDA held at 4.8x.
ENB shares surged nearly 4% to $53.88 on February 13, 2026, after the pre-market release, with pre-market gains of 1-2% on EPS/revenue beats and reaffirmed guidance. Year-to-date performance exceeded the S&P 500, buoyed by record results, dividend hike, and $39 billion backlog signaling multi-year visibility. Sentiment remains positive on execution track record, though tempered by interest rate sensitivity and regulatory risks; analysts note confidence in cash flow for 5%+ post-2026 growth.
Enbridge reaffirmed 2026 adjusted EBITDA guidance of $20.2-$20.8 billion and DCF per share of $5.70-$6.10, implying modest growth from 2025 records, driven by $8 billion in projects entering service like Mainline expansions and renewables. Multi-year outlook targets 7-9% EBITDA CAGR through 2026, shifting to ~5% annually post-2026 across EBITDA, EPS, and DCF. The $39 billion secured backlog—up 35% since last Investor Day—provides visibility, with $10-11 billion annual growth capex capacity.
Key monitors include execution on sanctioned projects (e.g., $1.4 billion Mainline Optimization Phase 1, LNG-related pipelines), utility rate cases, and renewable ramp-ups amid power demand from data centers/AI. Cost savings, leverage (target 4.5-5.0x), and weather impacts on distribution will influence DCF. Regulatory progress on U.S./Canadian approvals, commodity volumes on Mainline/Flanagan South, and natural gas/LNG export dynamics remain critical. Broader energy transition favors Enbridge's diversified assets, but interest coverage and capex financing warrant attention in a higher-rate environment.
The 10-day RSI Oscillator for ENB moved out of overbought territory on March 05, 2026. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 45 instances where the indicator moved out of the overbought zone. In of the 45 cases the stock moved lower in the days that followed. This puts the odds of a move down at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 70 cases where ENB's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for ENB turned negative on March 10, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 48 similar instances when the indicator turned negative. In of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ENB declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
ENB broke above its upper Bollinger Band on February 13, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ENB advanced for three days, in of 353 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 289 cases where ENB Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.891) is normal, around the industry mean (88.518). P/E Ratio (22.847) is within average values for comparable stocks, (38.036). Projected Growth (PEG Ratio) (1.819) is also within normal values, averaging (4.091). Dividend Yield (0.051) settles around the average of (0.061) among similar stocks. P/S Ratio (2.467) is also within normal values, averaging (4.085).
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 55, placing this stock slightly better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. ENB’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
an operator of crude oil and liquids transportation system
Industry OilGasPipelines