Enbridge Profit Slides in 3Q

Dow Jones
Nov 07, 2025
 

By Adriano Marchese

 

Enbridge's profit fell in the third quarter largely due to a drop in the estimated value of financial instruments.

The Canadian energy infrastructure company on Friday posted a decline net income to 682 million Canadian dollars ($483.1 million), or C$0.30 a share, down from C$1.29 billion, or C$0.59 a share, in the comparable quarter a year ago.

The decline was due mainly to changes in the estimated value of financial instruments which are used to manage foreign exchange, interest rate and commodity price, it said.

On an adjusted basis, which excludes exceptional costs and other one-off items, earnings were C$0.46 a share, missing analyst targets of C$0.51 a share, according to FactSet.

Cash generated by operating activities came to C$2.87 billion, down from C$2.97 billion.

Enbridge reaffirmed its near-term target growth to 2026 of 7% to 9% of adjusted earnings before interest, taxes, depreciation and amortization and 4% to 6% growth in adjusted earnings per share.

After 2026, the company still expects to grow those metrics at 5% yearly.

 

Write to Adriano Marchese at adriano.marchese@wsj.com

 

(END) Dow Jones Newswires

November 07, 2025 07:36 ET (12:36 GMT)

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