Enbridge Inc. (ENB) Earnings Call Transcripts

Enbridge Inc.'s Latest Earnings Call - Q1 FY2026

Enbridge Inc. reported a strong start to fiscal year 2026, with Q1 reflecting solid financial performance. Revenue and earnings were not explicitly detailed, but management reaffirmed 2026 guidance and a medium-term outlook, maintaining a 5% average annual growth rate for EBITDA, DCF per share, and EPS through the end of the decade. Key developments included record Q1 mainline volumes and strategic expansions in both gas and liquids pipelines, as well as renewable power projects. Management highlighted the importance of energy security and Enbridge's role in meeting rising energy demand, particularly in light of geopolitical tensions.

Reported metrics

Guidance from management

Management reaffirmed 2026 guidance and a post-2026 growth outlook, projecting a 5% average annual growth rate for EBITDA, DCF per share, and EPS through 2030.

What management said

Well, I'll let Allen speak to that. But one of the great things you pointed out is just have relatively quick cycle these are even the -- when we announced today, gets into '27, and that gigawatts is important. But Allen, do you want to speak to that?

Yes, and it's not just renewal, it's power, right? So I think what you're seeing with the meta deals and the stuff that Allen talked about, and we've said this before, but I think it's bearing, I don't know [indiscernible] is talking about the color of electrons. The #1 thing that presents AI from progressing further is in GPU architecture, it's really access to energy, and that's the first time that's happened. So y...

What analysts pressed on

Analysts expressed interest in the competitive positioning of Enbridge's mainline expansions and potential regulatory changes in Canada. Concerns were also raised about the impact of geopolitical tensions on crude export policies and the company's ability to maintain leverage within target ranges amid growth investments.

Main topics on the call

• Operational Performance — Enbridge reported 'record Q1 mainline volumes of 3.2 million barrels per day,' indicating strong utilization across its pipeline network. The company also completed significant expansions, including the Gray Oak expansio...
• Guidance Reaffirmation — Management reaffirmed 2026 guidance and a post-2026 growth outlook, projecting a 5% average annual growth rate for EBITDA, DCF per share, and EPS. This reflects confidence in the company's business model and growth prosp...
• Growth Projects — Enbridge announced several sanctioned projects, including expansions in gas transmission and storage, and renewable power. Notably, the company is advancing over $10 billion in near-term growth opportunities, such as the...
• Energy Security and Market Position — Management emphasized Enbridge's strategic position to support energy security, particularly in LNG exports. The company serves 100% of the operating LNG facilities along the U.S. Gulf Coast, highlighting its critical ro...

Read the full Enbridge Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 46 Enbridge Inc. earnings call transcripts on record, spanning February 14, 2020 to July 31, 2026. Based on this history, Enbridge Inc. reports quarterly. The most recent call on file is dated July 31, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

ENB

Exchange

TSX

Country

CA

Sector

Energy

Industry

Oil, Gas and Consumable Fuels

Calls on record

46

First call

February 14, 2020

Most recent

July 31, 2026

Reporting cadence

quarterly