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Investing.com -- Enbridge (NYSE: ENB) posted third-quarter earnings that missed average analyst expectations, and reaffirmed its full-year outlook.
The company’s shares slipped 1% in premarket trading Friday.
Energy infrastructure company reported earnings of C$0.46 per share, missing consensus estimates of C$0.53.
Adjusted EBITDA came in at C$4.3 billion, up from C$4.2 billion a year earlier.
"Energy demand continues to grow in North America and beyond. Throughout North America, we have an abundant supply of natural resources. Enbridge is the only company with a large incumbent footprint positioned to deliver gas, liquids and renewable power to customers across the continent and to new markets," said Greg Ebel, President and CEO of the company.
"During the quarter, high utilization across our systems resulted in record Q3 EBITDA, and we’re well set up to achieve our financial guidance for the 20th consecutive year. We also sanctioned $3 billion of attractive projects, leveraging our footprint, scale and diversification," he added.
The company reaffirmed its 2025 guidance, projecting adjusted EBITDA between C$19.4 billion and C$20.0 billion and distributable cash flow (DCF) per share between C$5.50 and C$5.90.
Enbridge also reiterated the outlook shared at its March 2025 Investor Day, calling for 7%–9% adjusted EBITDA growth, 4%–6% adjusted EPS growth, and around 3% DCF per share growth from 2023 to 2026. Beyond 2026, it expects all three metrics to expand at roughly 5% annually.
The company said it does not anticipate tariffs will significantly affect its operations or capital plans but will continue to track potential policy changes.
Enbridge also declared a quarterly dividend of C$0.9425 per common share, payable on December 1, 2025, to shareholders of record as of November 14. The payout is unchanged from the prior quarter’s dividend.
The company’s board also approved quarterly dividends for its preferred shares, payable on the same date.