From NASDAQ.: 2025-05-12 06:24:00

Enbridge Inc. (ENB) reported first-quarter 2025 adjusted earnings per share of 72 cents, beating the Zacks Consensus Estimate of 68 cents. Total revenues of $12.9 billion also exceeded expectations. The strong results were driven by higher Adjusted EBITDA contributions from major business segments like Liquids Pipelines, Gas Transmission, and Gas Distribution and Storage.

Segmental analysis shows positive performance across various segments. Liquids Pipelines saw adjusted EBITDA increase to C$2.59 billion, while Gas Transmission recorded adjusted earnings of C$1.47 billion. Gas Distribution and Storage generated a profit of C$1,600 million, Renewable Power Generation earned C$223 million, and Eliminations and Other segment improved to a profit of C$40 million.

Enbridge reported a Distributable Cash Flow of C$3.77 billion and had a long-term debt of C$97.2 billion at the end of the first quarter. The company reaffirmed its 2025 guidance for adjusted EBITDA and DCF per share. The near-term growth outlook projects 7-9% adjusted EBITDA growth and 3% DCF per share growth from 2023-2026.

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Read more at NASDAQ.: Enbridge Q1 Earnings Beat Estimates, Revenues Increase Y/Y