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Enbridge (ENB) guidance and outlook
Enbridge (ENB) reaffirmed its guidance on Nov 6, 2026: EBITDA $20.2B–$20.8B for FY2026; EPS +5% for FY2026. Enbridge's 10-Q filed Nov 6, 2026 makes 20 forward-looking statements, 5 of them new and 3 no longer said since the filing before.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| EBITDA | FY2026 | $20.2B–$20.8B | reaffirmed |
| EPS | FY2026 | +5% | reaffirmed |
From the earnings release filed Nov 6, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 6, 2026
- We intend to continue to file annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K with the United States (US) Securities and Exchange Commission (SEC) instead of filing the reporting forms available to foreign private issuers.
- We also intend to maintain our Form S-3 registration statements.
- new · The transaction includes the PXP2 growth project, an approximately $0.4 billion (US$0.3 billion) expansion of Pony Express expected to increase the system's transportation capacity.
- new · The Salt Creek Crude Acquisition is expected to strengthen our crude oil value chain in the Permian Basin by providing a strategic connection between crude oil production and our Gray Oak and Cactus II Pipeline systems, as well as our Enbridge Ingleside Energy Center.
- new · We anticipate a settlement will be finalized early in 2027.
- new · We expect to file interim tolls for our BC Pipeline system with the Canada Energy Regulator (CER) in the fourth quarter of 2026, with interim tolls effective January 1, 2027, pending regulatory approval.
- These financing activities, in combination with the financing activities executed in 2025, are expected to provide sufficient liquidity to enable us to fund our current portfolio of capital projects and other operating working capital requirements through potential periods of extended market disruption without requiring access to the capital markets, should market access be restricted or pricing be unattractive.
- The following table summarizes the status of our material commercially secured projects, organized by business segment:
- Where appropriate, the amounts reflect our share of joint venture projects.
- Includes amounts for the construction of the Southern Illinois Connector Pipeline, which is expected to be 50% jointly-owned with Energy Transfer, costs to upgrade the Energy Transfer Crude Oil Pipeline, in which we have a 27.6% ownership interest, as well as amounts fully attributable to Enbridge.
- Our expected investment is approximately US$2.3 billion, with the remainder financed through non-recourse project level debt.
- updated · 10 Our investment is approximately $0.3 billion, with the remainder financed through non-recourse project level debt.
Enbridge's latest quarter
Enbridge, Q3 2026: revenue $21.1B (+44% year over year), operating margin 10.1%, net earnings $1.4B, operating cash flow $2.7B. The chart follows the revenue to costs, profit and cash.
Questions
Did Enbridge raise or lower its guidance?
Enbridge (ENB) reaffirmed its guidance on Nov 6, 2026: EBITDA $20.2B–$20.8B for FY2026; EPS +5% for FY2026.
What does Enbridge expect?
The transaction includes the PXP2 growth project, an approximately $0.4 billion (US$0.3 billion) expansion of Pony Express expected to increase the system's transportation capacity. The Salt Creek Crude Acquisition is expected to strengthen our crude oil value chain in the Permian Basin by providing a strategic connection between crude oil production and our Gray Oak and Cactus II Pipeline systems, as well as our Enbridge Ingleside Energy Center. We anticipate a settlement will be finalized early in 2027.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.