Enbridge Reaffirms Guidance After Strong Q1 Rally

Moz Farooque

Mon, May 12, 2025, 1:29 PM 1 min read

Enbridge (NYSE:ENB) posts a stronger-than-expected Q1 with grounds EBITDA, DCF and earnings, underpinned by U.S. inferior acquisitions and precocious plus utilization.

Enbridge delivered adjusted EPS of C$1.03 versus C$0.95 statement and generated C$5.8 cardinal of adjusted EBITDA, beating no-street forecasts for that metric. Distributable currency travel per stock roseate to C$3.80, and operating currency travel totaled C$3.1 billion, lone somewhat beneath the C$3.2 cardinal from Q1 2024 contempt seasonally dense capex.

• Warning! GuruFocus has detected 11 Warning Signs with ENB.

Liquids Mainline volumes deed a grounds 3.2 cardinal barrels per day, and state transmission and organisation benefited from caller complaint structures and contributions from precocious acquired U.S. utilities. Renewables added to the premix with the 130 MW Orange Grove Solar task coming online.

CEO Greg Ebel reaffirmed full-year guidanceadjusted EBITDA of C$19.4 billionC$20 cardinal and DCF per stock of C$5.50C$5.90emphasizing the low-risk, utility-like model's resilience against commodity swings.

The institution has sanctioned C$3 cardinal of projects year-to-date, including Mainline optimization initiatives (up to C$2 billion) and a 10% involvement successful the Matterhorn Express Pipeline. Enbridge is besides advancing a $14 cardinal pipeline of natural-gas powerfulness projects, with $1 billion$2 cardinal expected to authorisation implicit the adjacent 618 months.

Why It Matters: Record results and robust task execution reenforce Enbridge's quality to put C$3 cardinal annually successful low-risk assets, supporting sustainable DCF growth.

This nonfiction archetypal appeared connected GuruFocus.