Q1 2025 Earnings | Friday, May 9

Enbridge Inc.

Enbridge Inc. Q1 2025 Earnings Call Summary

Overview

Enbridge Inc. reported strong financial results for the first quarter of 2025, demonstrating resilience amid market volatility. The company highlighted its diversified business model and successful integration of recently acquired U.S. utilities.

Key Financial Metrics

  • Adjusted EBITDA: Up 18% year-over-year
  • DCF per Share: Up 6% year-over-year
  • Earnings per Share: Up 12% year-over-year

Business Segment Highlights

Liquids
  • Record first quarter volumes of almost 3.2 million barrels per day.
  • Investment of up to $2 billion planned for mainline optimization to enhance capacity and reliability.
Gas Transmission
  • Acquisition of a 10% interest in the Matterhorn Pipeline for approximately $300 million.
  • FERC approval for Ridgeline Expansion to support coal-to-gas transitions.
Renewable Power
  • Orange Grove Solar facility began generating electricity on time and on budget.
  • Plans to place over 500 megawatts of solar power into service in 2025.

Strategic Updates

  • Continued advocacy for new infrastructure development in North America.
  • Focus on disciplined capital allocation, targeting low-risk, utility-like projects.
  • Strong demand for natural gas amid increasing power requirements from data centers and LNG facilities.

Outlook

  • Reaffirmed guidance for 2025, with expectations for strong performance throughout the year.
  • Targeting continued dividend growth and maintaining a debt-to-EBITDA ratio between 4.5x to 5x.

Conclusion

Enbridge remains well-positioned to capitalize on growth opportunities across its diversified portfolio while maintaining a commitment to shareholder returns and sustainable business practices.


 

 

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