Enbridge reports Q1 2026 earnings decline but reaffirms 2026 guidance and advances $2B in growth projects

Enbridge Inc. reported a decrease in Q1 2026 GAAP earnings to $1.7 billion from $2.3 billion in 2025, mainly due to non-cash derivative losses and lower operating performance. Despite this, adjusted EBITDA remained stable at $5.8 billion, and distributable cash flow increased slightly to $3.9 billion. The company reaffirmed its 2026 financial guidance and is progressing with $2 billion in new growth projects including a 300 MW wind facility in Texas and expansions in natural gas storage and pipeline capacity. Enbridge remains confident in its diversified business model and plans to invest $10 to $11 billion annually to support long-term shareholder value and energy infrastructure development.