Enbridge Books Record-High Core Earnings for 2025

OilPrice · Michael Kern · last updated February 13, 2026 – 5:56 AM

Canadian pipeline giant Enbridge reported record-high core earnings for 2025 and consensus-beating earnings for the fourth quarter amid growing demand for oil and gas egress from production centers to consumption and export hubs. Enbridge on Friday reported full-year adjusted earnings before interest, income taxes and depreciation and amortization (EBITDA) of US$14.7 billion (C$20.0 billion) for 2025, up by 7% from 2024. Full-year adjusted earnings also rose, by 9%, compared to 2024. For the fourth quarter, adjusted earnings per…

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