Enbridge Inc. Earnings Recaps
Q3 2026
Nov 7, 2026
Enbridge shares fell 2.5% after earnings, a roughly flat reaction. The company reaffirmed its 2026 guidance, but the transcript provides no clear results-versus-expectations driver for the move; investors may also be weighing the announced CEO transition and equity-funded acquisitions.
Key takeaways
- Management said Enbridge remains positioned to achieve 2026 financial guidance for the 21st consecutive year.
- The company completed a $3 billion common equity offering to support strategic transactions, including the Tallgrass crude transportation business and Salt Creek Midstream crude gathering assets.
- Enbridge closed its West Coast partnership with KKR and Apollo, which management said provides financial flexibility for organic growth.
- Two gas transmission projects—Aitken Point and Tennessee Ridgeline—were placed into service during the quarter.
- Michele Harradence is set to become CEO on January 1, as Greg Ebel plans to retire at year-end.