Enbridge's Q2 2025 earnings beat analyst expectations, driving a strong stock price rally, but headline numbers overstate underlying performance. Distributable cash flow growth was weak, failing to outpace inflation, with much of reported earnings growth driven by non-cash, unrealized derivative gains. Growth was largely supported by recent natural gas utility acquisitions; future expansion is heavily dependent on rising North American natural gas demand.
Zacks.com users have recently been watching Enbridge (ENB) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Enbridge's unique, diversified infrastructure and irreplicable moat position it to benefit from rising energy demand, especially as data center growth accelerates. Strong Q2 results, record EBITDA, and a robust $32 billion capital backlog support continued growth in EBITDA, EPS, DCF, and dividends. ENB offers a compelling 5.89% yield with a 30-year dividend growth track record, set to become even more attractive as interest rates decline.
ENB Q2 earnings gain on higher contributions from Gas Transmission, and Gas Distribution and Storage business units.
Enbridge offers reliable cash flow and a nearly 6% dividend yield, making it a compelling long-term investment in an overpriced market. The company's core assets are inflation-protected, recession-resistant, and benefit from rising global energy demand and utility-like stability. Enbridge is executing a $23 billion capital program, driving 7% EBITDA growth and supporting continued dividend growth and shareholder returns.
Don't forget dividends: That's good advice for a new or seasoned investor. Dividends can significantly boost the total returns of the stocks you buy.
Old-school energy sources aren't going anywhere. Even as the world transitions to cleaner power, oil and gas (and the infrastructure behind them) remain integral to the global economy.
Enbridge's predictable, toll-road business model supports steady common dividend growth, making it a reliable, if dull, choice for income investors. Recent US-Canada interest rate divergence improves the value of Enbridge common shares relative to their US dollar-based preferreds. Resettable preferred shares face potential dividend cuts with falling US rates, narrowing their yield advantage over the common shares.
Enbridge Inc. (NYSE:ENB ) Q2 2025 Earnings Call August 1, 2025 9:00 AM ET Company Participants Colin Kenneth Gruending - Executive VP & President of Liquids Pipelines Cynthia Lynn Hansen - Executive VP and President of Gas Transmission & Midstream Gregory Lorne Ebel - President, CEO & Director Matthew A. Akman - Executive VP of Corporate Strategy & President of Power Michele E.
Enbridge (ENB) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.42 per share a year ago.
ENB is likely to have delivered stable Q2 earnings, supported by its long-term contracts.
Here is how Enbridge (ENB) and Plains GP Holdings (PAGP) have performed compared to their sector so far this year.