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Enbridge Inc. announced its third quarter 2026 financial results, highlighting growth in adjusted EBITDA and the successful commissioning of over $3 billion in gas transmission projects.
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Enbridge's stock has declined over 15% in three months following a 3% year-over-year drop in adjusted EPS to $0.63. However, the article argues this is an overreaction, as the company's distributable cash flow grew 1.5% year-over-year to CA$2.948 billion. With a 5.65% dividend yield, 31 consecutive years of dividend increases, and CA$41 billion in new infrastructure projects expected to drive 5% annual EBITDA and DCF growth through 2030, the company maintains strong fundamentals despite elevated debt levels.