SUBSCRIBE
PROFILE

Enbridge forecasts EBITDA up to CAD20.8bn for 2026 and raises dividend

Enbridge has announced a 3% increase in its annual dividend for 2026 and expects steady revenue growth, with up to CAD20.8bn ($15.2bn) in EBITDA and CAD10bn ($7.3bn) in capital investment.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

SUBSCRIBE - 99$/year

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

Enbridge Inc. has released its financial outlook for 2026, targeting adjusted EBITDA between CAD20.2bn and CAD20.8bn ($14.7bn to $15.2bn), supported by the commissioning of new projects and higher utilisation of existing infrastructure. The board of directors has approved a 3% increase in the annual dividend, raising it to CAD3.88 ($2.83) per share, marking the 31st consecutive increase.

A growth strategy focused on regulated assets

The company plans to commission approximately CAD8bn ($5.8bn) in new projects in 2026, spanning liquids pipelines, gas transmission, and gas distribution. These projects are backed by low-risk commercial frameworks, including accelerated capital recovery mechanisms and approved rate increases in several U.S. states, including Ohio, Utah, and North Carolina. Enbridge also expects higher contributions from the Matterhorn pipeline and favourable contract renewals on its U.S. gas transmission assets.

Distributable cash flow forecasts and debt management

The Canadian company targets distributable cash flow (DCF) per share between CAD5.70 and CAD6.10 ($4.15 to $4.44), after accounting for CAD1.2bn ($880mn) in maintenance capital and approximately CAD5.4bn ($3.9bn) in financing costs. Total distributable cash flow for 2026 is projected between CAD12.475bn and CAD13.275bn ($9.1bn to $9.7bn). Enbridge stated that less than 15% of its debt portfolio will remain exposed to interest rate fluctuations due to its hedging programme.

A financing plan excluding equity markets

Enbridge plans to issue approximately CAD10bn ($7.3bn) in debt in 2026, primarily to refinance CAD5bn ($3.7bn) in maturing obligations. The company does not anticipate any equity issuance during the year. The net debt-to-EBITDA ratio is expected to remain between 4.5x and 5.0x, in line with the group’s financial policy.

Growth targets maintained through 2026

The guidance confirms the company’s compound annual growth targets for the 2023–2026 period: 7–9% for adjusted EBITDA, 4–6% for adjusted earnings per share, and approximately 3% for DCF per share. Beyond 2026, Enbridge expects adjusted EBITDA, earnings per share, and DCF per share to grow by approximately 5% annually.

  • Popular on energynews.pro
Norway launches cross-border consultation on nuclear power plant project
Long-term contracts reshape electricity market risk over 30 years amid volatility
TEPCO could restart Kashiwazaki-Kariwa nuclear plant as early as January
Equinix secures 500 MWe nuclear supply from Stellaria for AI data centres
Octopus Energy mobilises $450mn for energy projects in sub-Saharan Africa
Eskom forecasts $937 million profit for 2026 fiscal year
South African state utility Eskom expects a second consecutive year of profit, supported by tariff increases, lower debt levels and improved operations.
Equans launches new entity for industries with complex processes
Equans Process Solutions brings together its expertise to support highly technical industrial sectors with an integrated offer covering the entire project lifecycle in France and abroad.
Zenith Energy shifts focus between Tunisian arbitration and Italian solar assets
Zenith Energy centres its strategy on a $572.65mn ICSID claim against Tunisia, an Italian solar portfolio and uranium permits, amid financial strain and reliance on capital markets.
Kamoa-Kakula mine in DRC targets 347 MW in electricity demand by 2028
Ivanhoe Mines expects a 67% increase in electricity consumption at its copper mine in DRC, supported by new hydroelectric, solar and imported supply sources.
Q ENERGY France and AMRF sign agreement to accelerate rural electrification
Q ENERGY France and the Association of Rural Mayors of France have entered a strategic partnership to develop local electrification and support France's energy sovereignty through rural territories.
ACWA Power and Aramco secure $8.2bn financing for 15 GW renewable projects
ACWA Power, Badeel and SAPCO have secured $8.2bn in financing to develop seven solar and wind power plants with a combined capacity of 15 GW in Saudi Arabia, under the national programme overseen by the Ministry of Energy.
Hydro-Québec posts $2.83bn net income driven by electricity exports
Hydro-Québec reports a 29% increase in net income over nine months in 2025, supported by a profitable export strategy and financial gains from an asset sale.
Antin plans to sell Idex, valued up to €4 bn, by 2026
Antin Infrastructure Partners is preparing to sell Idex in early 2026, with four North American funds competing for a strategic asset in the European district heating market.
EDF considers selling its US renewables to finance domestic nuclear programme
EDF could sell up to 100% of its US renewables unit, valued at nearly €4bn ($4.35bn), to focus on French nuclear projects amid rising debt and growing political uncertainty in the United States.
Hydro to close five European extrusion sites to strengthen competitiveness
Norsk Hydro plans to shut down five extrusion plants in Europe in 2026, impacting 730 employees, as part of a restructuring aimed at improving profitability in a pressured market.
Dalkia wins control of Paris district heating network in €15bn, 25-year deal
The City of Paris has awarded Dalkia the concession for its urban heating network, a €15bn contract, ousting long-time operator Engie after a five-year process.
NU E Power finalises acquisition of 500 MW in assets and appoints new CEO
NU E Power Corp. completed the purchase of 500 MW in energy assets from ACT Mid Market Ltd. and appointed Broderick Gunning as Chief Executive Officer, marking a new strategic phase for the company.
BB Energy restructures Houston operations and cuts oil trading staff
Commodities trader BB Energy has cut over a dozen jobs in Houston and will shift some administrative roles to Europe as part of a strategic reorganisation.
Ferrari signs ten-year contract with Shell for green electricity supply
Ferrari has entered into an agreement with Shell for the supply of 650 GWh of renewable electricity until 2034, covering nearly half of the energy needs of its Maranello site.
Iberdrola reshapes its portfolio to become a leader in transatlantic regulated networks
By divesting assets in Mexico, France and Eastern Europe, Iberdrola reduces exposure to non-strategic markets to strengthen its positions in regulated networks in the United Kingdom, the United States and Brazil, following a targeted capital reallocation strategy.
Iberdrola launches a public offer to acquire 100% of Neoenergia in Brazil
Iberdrola offers to buy the remaining 16.2% of Neoenergia for 32.5 BRL per share, valuing the transaction at approximately €1.03bn to simplify its Brazilian subsidiary’s structure.
Paratus receives $38mn payment in Mexico through government fund
Paratus Energy Services collected $38mn via its subsidiary Fontis Energy for overdue invoices in Mexico, supported by a public fund aimed at stabilising supplier payments.
CrossBoundary Energy raises $200mn with Standard Bank and MIGA guarantee for industrial projects in Africa
CrossBoundary Energy secures a $200mn multi-project debt facility, backed by Standard Bank and a $495mn MIGA guarantee, to supply solar and storage solutions for industrial and mining clients across up to 20 African countries.
Mercuria raises $2.3bn to strengthen its energy presence in Asia
Mercuria finalises an Asian syndicated loan refinancing with a 35% increase from 2024, consolidating its strategic position in the region.
Major US companies increase their presence at COP30 despite Washington
Sixty Fortune 100 companies are attending COP30, illustrating a growing disconnect between federal US policy and corporate strategies facing international climate regulations.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

START - 99$/year

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.