07:39 AM EDT, 05/09/2025 (MT Newswires) -- Enbridge ( ENB ) reported Friday an increase in adjusted earnings for the first quarter.

The pipeline and energy company booked adjusted earnings of $2.24 billion, or $1.03 per share, rising from $1.96 billion, or $0.92 per share, and beating the analyst consensus non-GAAP earnings forecast of $0.96 per share.

Attributable GAAP earnings jumped to $2.26 billion, or $1.04 per share, from $1.42 billion, or $0.67 per share. The result was above the analyst consensus GAAP earnings forecast of $0.94 per share.

Adjusted EBITDA rose to $5.83 billion from $4.95 billion.

"Despite the unique challenges that 2025 has presented, Enbridge ( ENB ) is operating from a position of strength and stability and will continue to deliver safe, reliable, and affordable energy to our customers throughout North America and beyond," President and CEO Greg Ebel said.

Enbridge ( ENB ) reaffirmed its 2025 financial guidance for adjusted EBITDA of $19.4 billion to $20.0 billion and discounted cash flow per share of $5.50 to $5.90.

"Strong utilization across our asset base underpinned record financial results and sets us up to meet or exceed our financial guidance for the 20th consecutive year," Ebel said.