Enbridge has a secured growth backlog of CAD 41 billion, supporting a 5% long-term compound annual growth rate in adjusted EBITDA, DCF per share, and EPS, with 2027 marked as a major commissioning year. However, about one-third of its EBITDA comes from the Mainline System, which faces medium-term risks from emerging competing pipelines. The company's debt to EBITDA ratio is currently 5.1x, above its target range of 4.5x to 5.0x, and interest expenses consume roughly 27% of adjusted EBITDA, posing a risk amid rising interest rates. Enbridge's stock trades at a premium valuation compared to peers, and preferred shares with rate resets are favored for their insulation against operational risks and currency fluctuations.
Enbridge maintains a buy rating supported by a 5.5% dividend yield, steady EBITDA growth, and a secured project backlog of C$41 billion. The company reported a record adjusted EBITDA of C$4.776 billion in Q2 2026 and reaffirmed its guidance, highligh...
Midstream pipeline funds like AMLP, MLPX, and ENFR are gaining attention as hyperscalers sign long-term power deals fueling AI data centers, boosting natural gas demand. AMLP offers the highest yield near 8% but has a C-corp tax drag, while MLPX bala...
Midstream energy companies Enterprise Products Partners, Energy Transfer, and Enbridge are posting record volumes and increasing distributions thanks to strong demand for crude, LNG, and NGL exports. Enterprise Products Partners reported a 21% rise i...
