Enbridge Inc. announced its 2026 financial guidance and a 3% increase in annual common share dividend from $3.77 to $3.88 per share, effective March 1, 2026.
The company reaffirmed its 2025 full-year guidance for EBITDA and distributable cash flow per share.
Enbridge's CEO, Greg Ebel, highlighted steady growth expectations driven by new projects and strong asset utilization.
2026 Earnings Guidance
Adjusted EBITDA guidance: $20.2 billion to $20.8 billion. DCF per share: $5.70 to $6.10.
Dividend Increase
31st consecutive annual common share dividend increase by 3% to $0.97 per quarter ($3.88 annualized).
Growth Outlook
Reaffirmed compound annual growth rate outlook for EBITDA, EPS, and DCF through 2026 and post-2026 growth expectations.
- Enbridge expects strong growth in 2026 from new projects, rate settlements, and rate cases in Gas Distribution and Gas Transmission.
- The 3% dividend increase reinforces Enbridge's dividend aristocrat status and growing cash flows, enhancing its investment proposition.
Enbridge's 2026 financial outlook shows a positive trajectory with steady growth and increased dividends, supported by new projects and regulatory outcomes.