Enbridge Inc

ENB: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Enbridge Earnings: Strong 2025 Finish Sets Up 2026 for Success and New Projects

Adam Baker

Feb 17, 2026

Enbridge reported EBITDA of CAD 5.2 billion versus PitchBook consensus of CAD 5.1 billion. Mainline optimization one (MLO1) achieved final investment decision, and we expect MLO2 will make it over the finish line. Upsized and new investments were announced across the portfolio.

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Enbridge Inc

Enbridge Earnings: Strong 2025 Finish Sets Up 2026 for Success and New Projects

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