Enbridge: Q3 Earnings Snapshot

Enbridge (TSX:ENB) reported Q3 results with a debt-to-EBITDA ratio of 5.1x and completed a CA$3.0 billion common share raise. The company is focused on joint ventures and capital recycling, but leverage and dilution remain key concerns for investors. Additionally, the article highlights three companies trading below fair value estimates, focusing on cash flow strategies.

Enbridge reported a near-doubling in Q3 profits to $1.29B, citing growth opportunities in Alberta's oilsands. Executives highlighted potential projects in crude, diluent, and carbon emissions. The company is involved in talks for the Pathways carbon storage project and has acquired assets in the U.S. Enbridge CEO Greg Ebel will retire in January, with Michele Harradence taking over.

Enbridge (ENB) reported Q3 2026 adjusted EBITDA of $4.4B, up $167M, and distributable cash flow of $2.7B, up $123M. CEO Gregory Ebel to retire; Michele Harradence to succeed. Completed $3B equity offering for acquisitions. Reaffirmed 2026 EBITDA guidance of $20.2B-$20.8B and DCF per share of $5.70-$6.10. Announced $38B secured growth backlog and $2.7B partnership with KKR and Apollo for B.C. Pipeline expansions.

Enbridge reported Q3 2026 adjusted EBITDA up 3.9% to C$4.43B, but debt-to-EBITDA rose to 5.1x, above its 4.5x-5.0x target. The secured backlog fell to C$38B from C$41B. The company reaffirmed its 2026 guidance, requiring Q4 EBITDA growth of about 4% to hit the midpoint.

Enbridge (ENB) reported Q3 EPS of C$0.49, missing estimates by C$0.01, while revenue of C$14.06B exceeded expectations. The stock is down 6.38% over 3 months and 1.51% over 12 months. InvestingPro rates its financial health as 'good performance'.

Enbridge Inc. reported a third-quarter profit of $1.29B, up from $682M a year ago. Adjusted earnings were 49 cents per share, compared to 46 cents per share in the same period last year. The company recently acquired Tallgrass Energy LP's crude oil business and Salt Creek Midstream's crude oil gathering business.