07:36 AM EDT, 08/01/2025 (MT Newswires) -- Enbridge ( ENB ) reported Friday adjusted earnings in the second quarter that beat analysts' expectations and said it expects to achieve its annual financial guidance for the 20th straight year.

The pipeline and energy company booked adjusted earnings of $1.42 billion, or $0.65 per share, exceeding the analyst consensus adjusted earnings per share estimate of $0.58 compiled by FactSet.

Enbridge's ( ENB ) adjusted earnings represents an increase from $1.25 billion, or $0.58 per share, recorded in the year-ago period.

Adjusted EBITDA rose to $4.64 billion from $4.34 billion while distributable cash flow (DCF) climbed to $2.90 billion from $2.86 billion. GAAP attributable earnings jumped to $2.18 billion, or $1.00 per share, from $1.85 billion, or $0.86 per share.

The company reaffirmed its 2025 financial guidance for adjusted EBITDA of between $19.4 billion and $20.0 billion and DCF per share of between $5.50 and $5.90.

"We deliver steady, dependable returns and continue to grow through optimizing our existing assets, disciplined project selection and leveraging scale where others can't," President and CEO Greg Ebel said. "This is what allows us to succeed in all market cycles and the second quarter was no different."

During the quarter, Enbridge ( ENB ) sanctioned several projects, including the Clear Fork solar project, the Line 31 expansion of Texas Eastern Transmission, and the expansion of the Aitken Creek gas storage facility.

Enbridge ( ENB ) said it does not expect tariffs to have a material impact on its operations or deployment of capital, although it will continue to monitor developments.