Overview

* Enbridge ( ENB ) Q3 adjusted EPS misses analyst expectations, reflecting higher financing costs

* Company reaffirms 2025 financial guidance and multi-year financial outlook

* Enbridge ( ENB ) announces C$3 bln in sanctioned projects, including Southern Illinois Connector

Outlook

* Enbridge ( ENB ) reaffirms 2025 adjusted EBITDA guidance of C$19.4 bln to C$20.0 bln

* Company expects 2025 DCF per share between C$5.50 and C$5.90

* Enbridge ( ENB ) anticipates 5% annual growth in EBITDA, EPS, and DCF/share post-2026

Result Drivers

* HIGH UTILIZATION - Enbridge ( ENB ) reports record Q3 EBITDA due to high utilization across its systems

* PROJECT SANCTIONS - Enbridge ( ENB ) sanctioned $3 billion in projects, leveraging existing infrastructure for growth

* ACQUISITIONS AND RATE SETTLEMENTS - Adjusted EBITDA increase driven by acquisitions and favorable rate settlements

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss C$0.46 C$0.51

Adjusted (10

EPS Analysts

)

Q3 EPS C$0.30

Q3 Miss C$997 C$1.13

Adjusted mln bln (5

Net Analysts

Income )

Q3 C$4.27

Adjusted bln

EBITDA

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 12 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the oil & gas transportation services peer group is "buy"

* Wall Street's median 12-month price target for Enbridge Inc ( ENB ) is C$67.75, about 2.2% above its November 6 closing price of C$66.24

* The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 20 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)