Enbridge Inc

ENB: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Enbridge Earnings: Guidance Affirmed as Effects of Macro Uncertainty Is Minimal

Adam Baker

May 9, 2025

Narrow-moat-rated Enbridge posted adjusted EBITDA that grew nearly 20% over the prior year, driven by utility assets purchased last April. Management left guidance unchanged as its low-volatility business looks resilient despite uncertainties. As a result, we are leaving our CAD 56 and $41 fair value estimates unchanged.

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Enbridge Inc

Enbridge Earnings: Guidance Affirmed as Effects of Macro Uncertainty Is Minimal

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