Overview

• Enbridge reported a Q1 2025 profit of $2.3 billion, up from $1.4 billion in the same quarter last year, with earnings per share rising to $1.04 from 67 cents.
• Adjusted earnings per share reached $1.03, surpassing analyst expectations of $0.96, driven by strong asset utilization across its operations.
• The Mainline pipeline system set a quarterly record, transporting 3.2 million barrels of crude oil per day, highlighting its critical role in North American energy infrastructure.
• The company advanced its natural gas footprint with the sanctioning of the Traverse Pipeline and a 10% equity stake in the Matterhorn Express Pipeline.
• CEO Greg Ebel emphasized Enbridge’s readiness to meet or exceed financial guidance for the 20th consecutive year, supported by strong growth projections in Western Canadian crude output.