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Enbridge posts strong Q2 results, secures $41B backlog, and maintains growth outlook with 5.77% yield.

Company Fundamentals
18 Sep 2026
Seeking Alpha
View Source
Bullish
Enbridge posts strong Q2 results, secures $41B backlog, and maintains growth outlook with 5.77% yield.

Enbridge reported solid Q2 results with adjusted EBITDA of $4.78 billion and distributable cash flow of $2.9 billion, supporting its 31st consecutive annual dividend increase. The company has a secured backlog of $41 billion and reaffirmed its 2026 guidance despite recent market selloffs driven by interest rate concerns. With $50 billion in organic growth opportunities through 2030 and rising North American energy demand, Enbridge is well-positioned for long-term growth. Its shares offer a 5.77% yield and trade at 11.5 times distributable cash flow, suggesting undervaluation given its strong fundamentals and resilient cash flows.

Enbridge shares trade at USD 48.75 with a dividend yield of 5.74% on Pluang as of Sep 18, 2026 19:11 WIB, showing no change in price over the day. Despite the article highlighting a 5.77% dividend yield, Pluang data shows a slightly lower yield but confirms strong investor interest with 100% buy orders. The stock remains well below its 52-week high of USD 58.04, reflecting ongoing market caution amid rate concerns.

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