CALGARY, AB, Aug. 1, 2025 /CNW/ - Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) today reported second quarter 2025 financial results, reaffirmed its 2025 financial guidance and provided a quarterly business update.

Highlights(All financial figures are unaudited and in Canadian dollars unless otherwise noted. * identifies non-GAAP financial measures. Please refer to Non-GAAP Reconciliations Appendices.)

Second quarter GAAP earnings attributable to common shareholders of $2.2 billion or $1.00 per common share, compared with GAAP earnings attributable to common shareholders of $1.8 billion or $0.86 per common share in 2024Adjusted earnings* of $1.4 billion or $0.65 per common share*, compared with $1.2 billion or $0.58 per common share in 2024Adjusted earnings before interest, income taxes and depreciation and amortization (EBITDA)* of $4.6 billion, an increase of 7%, compared with $4.3 billion in 2024Cash provided by operating activities of $3.2 billion, compared with $2.8 billion in 2024Distributable cash flow (DCF)* of $2.9 billion compared with the same amount in 2024Reaffirmed 2025 full year financial guidance and multi-year financial outlookSanctioned the Clear Fork Solar project, a 600 MW, US$0.9 billion development supporting Meta's data center power needs under a long-term offtake agreementSanctioned a US$0.1 billion Line 31 expansion of Texas Eastern Transmission to serve growing industrial and power demandClosed the acquisition of a 10% interest in the Matterhorn Express Pipeline (MXP)Upsized the Traverse Pipeline from 1.75 to 2.5 Bcf/d, driven by strong market demand, providing bidirectional service between Katy and Agua Dulce in the U.S. Gulf CoastSanctioned a $0.3 billion, 40 Bcf expansion of the Aitken Creek gas storage facility, providing critical flexibility in the western Canadian LNG value chainClosed the 12.5% equity investment in the Westcoast natural gas pipeline system by the Stonlasec8 Indigenous Alliance, a consortium of First Nations groups, for proceeds of $0.7 billionExited the quarter with Debt-to-EBITDA* of 4.7x, providing significant financial flexibility