Enbridge stock gains as a new gas pipeline advances

Published on 09/23/2026 at 15:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Enbridge stock was USD 47.90 at the September 23, 2026 close, down 0.62 percent on NYSE. A proposed line could carry 2 Bcf/d.

ENB, CA29250N1050, Illustration mit AI erstellt.

Enbridge Inc. (ISIN CA29250N1050) closed at USD 47.90 on the NYSE on September 23, 2026, down 0.62 percent from the prior close. The company is also advancing a proposed Permian gas pipeline with initial capacity of up to 2 Bcf/d, according to East Daley on September 23, 2026.

Pipeline plan targets 2 Bcf per day

Enbridge launched a non-binding open season on September 15, 2026, for West Texas Express, a proposed 42-inch intrastate line stretching more than 150 miles from the Waha hub toward El Paso. The open season runs through September 25, 2026, and the project targets a fourth-quarter 2029 in-service date if shipper commitments support construction, East Daley reports.

The proposed capacity of 2 Bcf/d gives the project a measurable scale, but the open season is non-binding. That distinction matters: the capacity is a proposed operating figure rather than contracted throughput, so the next commercial checkpoint is the result of the shipper process.

Secured backlog reaches USD 41 billion

Enbridge's latest reported second-quarter 2026 update reaffirmed full-year 2026 guidance and increased the secured project backlog to USD 41 billion, according to the company's results information published through Seeking Alpha on September 23, 2026. The same results page also identifies the first-quarter 2026 secured backlog at USD 40 billion, making the second-quarter figure a USD 1 billion increase quarter over quarter.

For the stock, the combination of a USD 41 billion secured backlog and a potential 2 Bcf/d pipeline provides two different measures of growth. The backlog is secured, while West Texas Express remains conditional on shipper interest and later project execution.

Stock remains near its yearly low

NYSE data showed a September 23, 2026 range of USD 45.03 to USD 58.45 for the preceding 52 weeks. The USD 47.90 close was USD 10.55 below the yearly high and USD 2.87 above the yearly low, placing the stock closer to the lower end of that range than to its peak.

Trading volume was 4,065,177 shares at the September 23, 2026 close, while the intraday quote was USD 47.99, up 0.19 percent at the time shown by the market page. These values describe one trading session and are separate from the proposed pipeline's longer-term construction timetable.

Enbridge stock closes at USD 47.90

Enbridge stock closed at USD 47.90 on the NYSE on September 23, 2026, with a daily decline of 0.62 percent. The current market reading therefore sits alongside a USD 41 billion secured backlog and a proposed 2 Bcf/d Permian pipeline whose commercial test continues through September 25, 2026.