ENBRIDGE INC (ENB)
NYSEEnergyOil & Gas MidstreamSnapshot 2026-07-07
$55.04+2.94%
Close 2026-07-07 · 1-day change
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Track ENB free→Enbridge delivers adjusted EBITDA near $20.8 billion and DCF per share around $6.10 in 2026. The company maintains steady dividend payments near $0.97 per share quarterly. Capital allocation discipline is strong with $2 billion senior notes issued to support flexibility. Earnings beats and stable guidance show solid execution.
Revenue growth is minimal, around 0.2% expected next year. Debt levels rise with ongoing bond issuance, pressuring financial health. Dividend growth may stall if cash flow weakens. Market conditions in energy infrastructure remain challenging.
The current price is about 29% above our valuation level, while analysts expect near zero revenue growth. Our view is more cautious on growth but aligned on steady cash flow and dividends.
Breaks if: Adjusted EBITDA or DCF per share falls below $20.2B or $5.70 respectively in FY26
Maintain 2026 guidance for adjusted EBITDA between $20.2B and $20.8B and DCF per share between $5.70 and $6.10.
Standing thesis, reviewed periodically — not a price target or advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Stated as a priority in 3 of last 3 quarters. Management reaffirmed 2026 adjusted EBITDA guidance between $20.2B and $20.8B and DCF per share between $5.70 and $6.10. Revenue grew from $14.8B in 2025-Q3 to $22.4B in 2026-Q1, supporting the guidance. The trajectory is delivering consistent reaffirmation and financial growth.
“The Company reaffirms its 2026 financial guidance for adjusted EBITDA between $20.2 billion and $20.8 billion and DCF per share between $5.70 and $6.10.”
“We also announced 2026 EBITDA guidance of $20.2 to $20.8 billion, up from our 2025 mid-point of $19.7 billion.”
“Enbridge is issuing 2026 guidance for ... DCF per share* of between $5.70 to $6.10”
Breaks if: Failure to complete $2B senior notes issuance in 2026-Q1
Continue capital allocation discipline with debt issuance and shareholder rights plan to support financial flexibility.
Stated as a priority in 2 of last 3 quarters. Management completed $2B senior notes issuance in 2026-Q1 and secured shareholder approval for a rights plan in 2026-Q1. These actions demonstrate ongoing capital allocation discipline and financial flexibility, consistent with stated priorities.
“At the 2026 Annual Meeting, shareholders approved the Corporation’s shareholder rights plan.”
“On March 27, 2026, Enbridge completed the offering of $1B 2031 Notes and $1B 2036 Notes.”
Breaks if: Dividend per share falls below $0.97 in any quarter
Continue regular dividend payments with quarterly dividend per share around $0.97.
Stated as a priority in 3 of last 3 quarters. Dividend per share was $0.9425 in 2025-Q1 and increased slightly to $0.97 in 2026-Q1. The company sustained dividend payments with minor growth, indicating delivery on this capital allocation priority.
“Dividend per share was $0.97 in 2026-Q1.”
“Dividend per share was $0.0 in 2025-Q3.”
“Dividend per share was $0.9425 in 2025-Q1.”