Enbridge Reports Record Q2 2025 Earnings

Enbridge reported record second-quarter 2025 earnings, with adjusted EBITDA rising to C$4.6 billion and adjusted earnings reaching C$1.4 billion (C$0.65 per share), both surpassing analyst expectations. The company attributes its performance to strong liquids flows, growing power demand, and higher natural gas transmission and midstream operations. CEO Greg Ebel emphasized steady demand and low-risk commercial frameworks, and the company expects to finish the year at the upper end of its guidance range. Enbridge is advancing growth projects such as the Clear Fork solar development in Texas and the Aitken Creek storage expansion in British Columbia. Despite underperforming the S&P 500 so far in 2025, Enbridge has consistently beaten earnings estimates and reaffirmed its 2025 adjusted EBITDA and distributable cash flow targets. The company also stated that current U.S. tariffs are not expected to materially impact its operations.