Enbridge reported an adjusted profit of C$0.63 per share for the second quarter of 2026. This result beat the average analyst estimate of C$0.59 per share. Adjusted EBITDA reached C$4.8 billion for the quarter. Distributable cash flow totaled C$2.9 billion. Higher transport volumes on the Mainline liquids system drove the performance.
The company reaffirmed its full-year 2026 financial guidance. Enbridge sanctioned and began construction on the US$1.0 billion Line 5 Relocation project in Wisconsin. This project helped increase the secured growth backlog to approximately $41 billion. These advancements reinforce the company’s long-term growth outlook.