Enbridge reported a record third-quarter adjusted EBITDA of C$4.43 billion and distributable cash flow (DCF) of C$2.69 billion, with management expecting 2026 results near guidance midpoints. The company has over C$3 billion in new gas projects in service and a secured backlog of C$38 billion supporting future growth. Despite current share price weakness and risks including higher rates, leverage, and CEO transition, shares are valued attractively at 11.4 times DCF with a 5.68% forward yield, suggesting potential price recovery to the low $50s within 12 months. Investors await December 2 guidance update as the next catalyst.
Enbridge offers a strong dividend yield of 5.82% on Pluang, where its shares trade at USD 47.67 as of Nov 15, 2026 05:11 WIB. Despite the recent 0.91% dip in price, all Pluang orders are buys, reflecting investor interest. This aligns with the company's substantial $38 billion backlog and near 6% yield highlighted in the news, underscoring potential value in the energy sector.
