Enbridge stock reports CAD 29.318 billion quarterly revenue
Published on 09/25/2026 at 09:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Enbridge stock traded at CAD 66.99 on the Toronto Stock Exchange on September 24, 2026, down CAD 0.48 or 0.71 percent from the previous session. The latest quarterly figures show a sharp revenue increase, while a large equity offering is supporting the company's acquisition plans.
Quarterly revenue reaches CAD 29.318 billion
Enbridge reported CAD 29.318 billion in revenue for the second quarter of 2026, compared with CAD 14.876 billion in the same quarter of 2025. The increase was accompanied by diluted earnings per share of CAD 0.64, down from CAD 1.00 a year earlier, according to StockTitan.
The contrasting figures matter for interpretation: revenue expanded by CAD 14.442 billion, while diluted EPS declined by CAD 0.36. The filing attributes the revenue movement largely to higher commodity sales, making the top-line comparison less representative of underlying earnings power than the EPS trend.
Equity offering funds expansion
Enbridge issued 44,735,000 common shares in an equity offering completed on September 14, 2026, including 5,835,000 shares issued under the underwriters' over-allotment option. The transaction generated gross proceeds of CAD 3.0 billion, according to Enbridge.
The company said the proceeds would partially fund announced acquisitions and create financial flexibility for future growth opportunities. For shareholders, the trade-off is visible in the share count: the new capital strengthens funding capacity but also increases the number of common shares outstanding.
CEO handoff has fixed dates
Greg Ebel is scheduled to retire as president and chief executive officer on December 31, 2026. Michele Harradence is set to become CEO and join the board on January 1, 2027, with the transition disclosed on September 8, 2026 by StockTitan.
Enbridge stock trades at CAD 66.99
On September 24, 2026, Enbridge stock stood at CAD 66.99 on the Toronto Stock Exchange, with a daily change of minus CAD 0.48 or minus 0.71 percent. The price movement leaves the quarterly revenue comparison, the financing completed on September 14, and the January 1, 2027 leadership date as the main measurable reference points for the company.
Enbridge stock facts
- Company: Enbridge Inc.
- Ticker: ENB
- Trading venue: Toronto Stock Exchange
- Price as of September 24, 2026: CAD 66.99
- Sector / Industry: Energy / Oil and Gas Midstream
