)
)
Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Enbridge
Enbridge (ENB) investor relations material
Enbridge Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary6 Nov, 2026
Executive summary
Record Q3 adjusted EBITDA of $4.434B, adjusted earnings of $1.074B and DCF of $2.689B; 2026 guidance and medium-term ~5% growth outlook reaffirmed.
Strong utilization and project execution across four businesses; more than $3B of gas transmission projects entered service and secured growth backlog stood at ~$38B.
Acquisitions and project additions advanced across Liquids Pipelines and Gas Distribution; $3B common equity offering supported transactions and financial flexibility.
Greg Ebel plans to retire at year-end 2026; Michele Harradence is set to become CEO on January 1, 2027.
Financial highlights
Q3 adjusted EBITDA was $4.434B vs. $4.267B; adjusted earnings were $1.074B, or $0.49/share, vs. $997M, or $0.46/share.
Q3 DCF was $2.689B vs. $2.566B; nine-month adjusted EBITDA was $15.020B vs. $14.739B and DCF was $9.488B vs. $9.246B.
Q3 GAAP earnings attributable to common shareholders were $1.288B, or $0.59/share, vs. $682M, or $0.30/share; non-cash derivative fair-value changes drove much of the increase.
Cash from operating activities was $2.703B vs. $2.868B; Q3 financing costs rose to $1.394B from $1.352B, while maintenance capital fell to $231M from $303M.
Nine-month adjusted earnings were $4.586B vs. $4.657B; adverse derivative marks affected comparisons, partly offset by the absence of a prior-year impairment.
Outlook and guidance
FY2026 adjusted EBITDA guidance reaffirmed at $20.2B–$20.8B and DCF/share at $5.70–$6.10; management expects full-year results at the EBITDA midpoint.
Medium-term adjusted EBITDA, DCF/share and EPS growth outlook reaffirmed at ~5% average CAGR.
Annual growth investment capacity is $10B–$11B; target is $10B–$20B of new project announcements through 2027.
Secured backlog is ~$38B, including a $15B sanctioned project portfolio; nearly 90 Bcf of storage expansions are planned along the U.S. Gulf Coast and B.C.
Gas transmission/storage contracting and higher Seaway spot volumes are tailwinds; lower Liquids Pipelines Market Access contributions and higher U.S. interest rates are headwinds.
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Latest events from Enbridge
- Acquisitions expand crude infrastructure, boost growth, and enhance scale in key North American basins.ENB
M&A announcement - Q2 2026 saw record adjusted EBITDA, strong cash flow, and a $41B project backlog supporting guidance.ENBQ2 2026
- All resolutions passed with strong support amid record results and major strategic investments.ENBAGM 2026
- Stable adjusted EBITDA, rising DCF, and major expansions support reaffirmed 2026 outlook.ENBQ1 2026
- Record 2025 earnings, $14B in new projects, and 31st consecutive dividend increase.ENBQ4 2025
- Record Q3 adjusted EBITDA, $3B in new projects, and 2025 guidance reaffirmed at the upper end.ENBQ3 2025
- Record Q2 EBITDA, US gas utility acquisitions, and raised 2024 guidance highlight strong growth.ENBQ2 2024
- Record Q1 earnings and EBITDA growth, 2025 guidance reaffirmed, and major investments announced.ENBQ1 2025
- Record 2024 results, $19B U.S. utility acquisition, and 2025 growth outlook reaffirmed.ENBQ4 2024
Next Enbridge earnings date
Q4 20268 Feb, 2027
Enbridge
Next Enbridge earnings date
Q4 20268 Feb, 2027
AI chat
Ask anything. Verify everything.
Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn moreFind what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.)
Trust every finding
50m+ first-party documents. Every output traceable to its source.Find what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.Trust every finding
50m+ first-party documents. Every output traceable to its source.Automations
Zero in on what matters
Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more)
Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.)
Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Live audio & transcripts
Be first
Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more)
Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.)
Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Quartr MCP connects your AI environment to 17K+ public companies
Pull live transcripts, filings, and slides into Claude or Codex via MCP. Combine Quartr's global IR data with any other dataset. Run agentic research and monitoring.
Included with Quartr Pro at no extra cost.Learn more
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
GAM
GAM
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Ciena
Ciena
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Protean
Protean
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
)
)
Frequently asked questions
Enbridge Inc., together with its subsidiaries, operates as an energy infrastructure company in Canada and the United States. It operates through five segments: Liquids Pipelines; Gas Transmission and Midstream; Gas Distribution and Storage; Renewable Power Generation; and Energy Services. The company transports, generates, and distributes energy primarily in North America. It serves customers across the spectrum of industries.