Pulling SEC filings + quote and writing the call…
ENB
ENBRIDGE INC
Next earnings Jul 30, 2026 (before open) · consensus $0.61 EPS, $14.5B rev
Last earnings -0.7% on 2026-05-08
$54.55
▲ +0.15%$54.55▲ +25.28%
over 1Y
L $41.49EODHDH $58.04
Earnings Dividend Split Congress buy Congress sellFilings colored by tone · hover for detail
Today+0.1%
1W-3.4%
1M-3.9%
3M+2.2%
YTD+16.3%
1Y+25.3%
Hold
Conviction
Horizon
Long (>12mo)
Street · 28 analysts
Buy
Contracted, de-risked pipeline growth backlog is real — but the provided financials are too stale (FY2017) to underwrite valuation.
Enbridge presents as a classic regulated-infrastructure compounder: the 10-K (filed 2026-02-13) lays out a deep, largely de-risked growth backlog. Liquids projects (Mainline Optimization Phase 1 adding 150/100 kbpd to Mainline/Flanagan South in 2027, Southern Illinois Connector in 2028, the Pelican CO2 Hub with Oxy in 2029) are 'underpinned by long-term take-or-pay contracts' with 'investment grade' counterparties, and the majority of FSP shippers extended full-path contracts beyond 2040. Gas transmission expansions (T-North Aspen Point +535 mmcf/d and Tennessee Ridgeline in 2026, T-South Sunrise +300 mmcf/d in 2028, Woodfibre LNG in 2027) run on cost-of-service or take-or-pay models, and the Woodfibre commercial reset is explicitly described as 'de-risking Enbridge's return on capital.' This is the kind of contracted, fee-based cash flow that supports a durable dividend.
Sources: SEC EDGAR (CIK 0000895728, latest 10-Q filed 2026-05-08) · EODHD · analysis by claude-code · as of 6/19/2026, 6:24:01 PM.
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