Enbridge Inc. Q2 2026 Earnings Release

Enbridge Inc. reported its financial results for the second quarter ended June 30, 2026. GAAP earnings attributable to common shareholders were $1.4 billion ($0.64 per share), compared to $2.2 billion ($1.00 per share) in Q2 2025. Adjusted earnings were $1.4 billion ($0.63 per share), compared to $1.4 billion ($0.65 per share) in Q2 2025. Adjusted EBITDA was $4.8 billion, an increase from $4.6 billion in Q2 2025. Cash provided by operating activities was $4.1 billion, up from $3.2 billion in Q2 2025. Distributable cash flow (DCF) was $2.9 billion, in line with Q2 2025. The company reaffirmed its 2026 financial guidance and medium-term outlook. Key developments include the sanctioning of the US$1.0 billion Line 5 Relocation project, an option to acquire the TTC Connector Pipeline, and the sanctioning of the Bay Runner Twin Pipeline. Enbridge also reported progress on its Project Beacon and noted constructive feedback on its Enbridge Gas Ohio rate case. The company declared a quarterly dividend of $0.9700 per common share.