08:34 AM EST, 02/13/2026 (MT Newswires) -- Enbridge ( ENB ) edged higher in premarket New York trade early on Friday after the company said its fourth-quarter adjusted profit rose 17% on expanded operations and lower U.S. taxes.

The pipeline and utility company said its adjusted profit, excluding most one-time items, rose to $1.92 billion, or $0.88 per share, from $1.64 billion, or $0.74, in the year-prior quarter.

Adjusted EBITDA rose 1.6% to $5.21 billion from $5.13 billion. Revenue was not disclosed.

The company said the gains came on favorable gas-pipeline contracts, new lines coming into service and colder weather in the Ontario market that boosted natural-gas demand. Lower U.S. tax rates also contributed to the rise in its adjusted profit.

Enbridge ( ENB ) said its backlog of secured projects ended the quarter at $39 billion, up $14 billion from the end of 2024, including a $2.0 billion planned investments in its oil mainline system, which carries the majority of Canada's oil exports to the United States.

"Enbridge ( ENB ) continued to benefit from our size and capacity, securing $14 billion of projects across our four businesses. Sanctioned projects addressed a range of energy demand themes, advancing incremental WCSB egress, expanding natural gas transmission capacity in the U.S. Northeast, bolstering our natural gas storage businesses on the Gulf Coast and in British Columbia, and building on our partnership with Meta in the power space," chief executive Greg Ebel said in a statement.

The company reaffirmed its 2026 guidance, expecting adjusted EBITDA to run between $20.2 billion and $20.8 billion for the year.

Enbridge ( ENB ) shares were last seen up US$0.23 to US$52.07 in premarket trade. They closed up $0.27 to $70.62 Thursday on the Toronto Stock Exchange.