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Enbridge remains optimistic about growth despite second-quarter profit decline

2026-08-01·newswire-us-stock-195001
Enbridge remains optimistic about growth despite second-quarter profit decline.

Canadian oil and gas infrastructure company Enbridge said it remains positioned for growth despite a difficult macroeconomic environment. The company reported second-quarter profit of C$1.4 billion, or about US$1 billion, equal to C$0.64 per share. That was down from C$2.18 billion, or C$1 per share, in the same period last year.

Excluding certain one-time items, adjusted earnings were C$0.63 per share, above the C$0.58 per-share estimate from analysts surveyed by FactSet. Enbridge reaffirmed its full-year guidance. Chief Executive Officer Greg Ebel said energy markets remain volatile in the near term because of continuing supply disruptions and uncertainty.

Nevertheless, demand for reliable and affordable energy remains, allowing Enbridge to continue advancing new projects. Enbridge added C$1 billion to its backlog during the quarter, bringing the total backlog to C$41 billion.

“Despite continued supply disruptions and ongoing uncertainty, one thing is clear: energy security, reliability and affordability are more important than ever,” Ebel said.

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Enbridge remains optimistic about growth despite second-quarter profit decline

Canadian oil and gas infrastructure company Enbridge said it remains positioned for growth despite a difficult macroeconomic environment. The company reported second-quarter profit of C$1.4 billion, or about US$1 billion, equal to C$0.64 per share. That was down from C$2.18 billion, or C$1 per share, in the same period last year. Excluding certain one-time items, adjusted earnings were C$0.63 per share, above the C$0.58 per-share estimate from analysts surveyed by FactSet. Enbridge reaffirmed its full-year guidance. Chief Executive Officer Greg Ebel said energy markets remain volatile in the near term because of continuing supply disruptions and uncertainty. Nevertheless, demand for reliable and affordable energy remains, allowing Enbridge to continue advancing new projects. Enbridge added C$1 billion to its backlog during the quarter, bringing the total backlog to C$41 billion. “Despite continued supply disruptions and ongoing uncertainty, one thing is clear: energy security, reliability and affordability are more important than ever,” Ebel said.

Canadian oil and gas infrastructure company Enbridge said it remains positioned for growth despite a difficult macroeconomic environment.

The company reported second-quarter profit of C$1.4 billion, or about US$1 billion, equal to C$0.64 per share. That was down from C$2.18 billion, or C$1 per share, in the same period last year.

Excluding certain one-time items, adjusted earnings were C$0.63 per share, above the C$0.58 per-share estimate from analysts surveyed by FactSet.

Enbridge reaffirmed its full-year guidance.

Chief Executive Officer Greg Ebel said energy markets remain volatile in the near term because of continuing supply disruptions and uncertainty. Nevertheless, demand for reliable and affordable energy remains, allowing Enbridge to continue advancing new projects.

Enbridge added C$1 billion to its backlog during the quarter, bringing the total backlog to C$41 billion.

“Despite continued supply disruptions and ongoing uncertainty, one thing is clear: energy security, reliability and affordability are more important than ever,” Ebel said.

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