07:59 AM EST, 11/07/2025 (MT Newswires) -- Enbridge's ( ENB ) share price fell 2% at last look Friday in New York Stock Exchange trading as the company's adjusted net earnings sank in the third quarter.

Enbridge ( ENB ) booked adjusted earnings of C$997 million, or $0.46 per share, down from $1.19 billion, or $0.55 per share posted a year ago.

Analysts polled by FactSet forecast Enbridge's ( ENB ) non-GAAP earnings at $0.51 per share.

The company reported attributable GAAP earnings of $682 million, or $0.30 per share, dropping from $1.29 billion, or $0.59 per share, and missing the analyst consensus forecast of $0.54 per share compiled by FactSet.

Adjusted EBITDA increased to $4.27 billion from $4.20 billion, primarily due to contributions from the acquisition of Enbridge Gas North Carolina in the fourth quarter of 2024, favorable contracting and rate case settlements on U.S. Gas Transmission assets, and placing Texas Eastern Venice Extension in service.

Enbridge ( ENB ) reaffirmed its 2025 financial guidance for adjusted EBITDA of $19.4 billion- $20.0 billion, as well as distributable cash flow per share guidance of $5.50-$5.90.

"Enbridge ( ENB ) 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," President and Chief Executive Officer Greg Ebel said. "Our 'all-of-the-above' approach enables us to capitalize on growing demand for all forms of energy, providing first-choice service for customers both today and in the future."