Enbridge sanctioned a C$200 million Long Lake Expansion, with service expected in 2028.
Enbridge said it expects 2026 adjusted EBITDA to come in near the guidance midpoint. Enbridge’s Nov. 6 presentation reaffirmed its C$20.2 billion to C$20.8 billion adjusted EBITDA target for 2026.
Enbridge President and CEO Gregory Ebel said, “We delivered another quarter of strong operational and financial performance, positioning us to achieve our 2026 financial guidance for the 21st consecutive year.”
In the third quarter, adjusted EBITDA was C$4.434 billion, compared with C$4.267 billion a year earlier. Distributable cash flow increased to C$2.689 billion from C$2.566 billion, while operating cash flow fell to C$2.703 billion from C$2.868 billion. EconoTimes previously covered the company’s third-quarter results and cash flow measures.
