Enbridge stock reports Q2 growth as analysts reset ratings
Published on 10/05/2026 at 12:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Enbridge stock (ISIN CA29250N1050) closed at USD 45.97 on October 2, 2026, down 0.65 percent on the NYSE. The latest operating picture combines 2.8 percent adjusted EBITDA growth in the second quarter with a Moderate Buy analyst consensus and a USD 65.88 average price target.
Q2 EBITDA rises to CAD 4.8 billion
Enbridge reported second-quarter 2026 adjusted earnings of USD 0.46 per share, above the USD 0.43 consensus estimate, while revenue reached USD 9.70 billion against USD 8.67 billion expected, according to MarketBeat in its October 2, 2026 report.
Zacks reported on August 3, 2026, that adjusted EBITDA increased 2.8 percent year over year to CAD 4.8 billion from CAD 4.6 billion. Adjusted earnings declined 2.5 percent to CAD 1.4 billion, showing that operating gains were partly offset by higher depreciation and interest expense.
Guidance holds at CAD 20.2 billion
Enbridge reaffirmed 2026 adjusted EBITDA guidance of CAD 20.2 billion to CAD 20.8 billion and reported a secured capital backlog of CAD 41 billion. The company also sanctioned CAD 9 billion of projects during 2026, according to Enbridge in its July 31, 2026 second-quarter release.
The comparison between adjusted EBITDA and adjusted earnings is important for investors: infrastructure utilization supported a 2.8 percent EBITDA increase, but financing and asset-related costs pushed adjusted earnings 2.5 percent lower. The secured backlog gives the company a quantified growth base, while the guidance range defines the operating target for 2026.
Analysts see USD 65.88 target
MarketBeat reported on October 2, 2026, that Goldman Sachs raised its Enbridge rating to Hold. The same overview lists a Moderate Buy consensus from 14 analysts, an average target of USD 65.88, a high target of USD 84.00 and a low target of USD 50.00.
Using the October 2 closing price of USD 45.97, the consensus target lies 43.3 percent above the stock price. BMO Capital Markets had raised its target from USD 79.00 to USD 84.00 and moved its rating from Market Perform to Outperform on September 14, 2026, as reported by MarketBeat.
Stock stays close to yearly low
Enbridge closed at USD 45.97 on the NYSE on October 2, 2026, 2.1 percent above its 52-week low of USD 45.03 and below its 52-week high of USD 58.45. Market capitalization stood at USD 100.4 billion and trading volume reached 6,225,601 shares on that session.
Enbridge stock facts
- Company: Enbridge Inc.
- ISIN: CA29250N1050
- Ticker: ENB
- Trading venue: NYSE
- Price (as of October 2, 2026, 4:00 p.m. ET): USD 45.97 Closing price (October 2, 2026)
- Market capitalization: USD 100.4 billion (as of October 2, 2026)
- 52-week range: USD 45.03-58.45 (as of October 2, 2026)
- Sector / Industry: Energy / Oil, Gas and Consumable Fuels
