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Enbridge reported Q3 2025 results while reaffirming its 2025 financial guidance and highlighting a major slate of newly sanctioned growth projects across liquids, gas transmission, natural gas storage, and carbon capture infrastructure. The company delivered Adjusted EBITDA of $4.3 billion (vs. $4.2 billion in Q3 2024) and Distributable Cash Flow (DCF) of $2.6 billion, while exiting the quarter with Debt-to-EBITDA of 4.8x.
During the quarter, Enbridge sanctioned approximately $3 billion of secured growth projects, led by long-haul liquids expansions from Western Canada to the U.S. Gulf Coast, Permian natural gas takeaway tied to LNG demand, expanded U.S. Gulf Coast gas storage, and a CO₂ transport and sequestration hub in Louisiana—each supported by contracted or long-term agreement structures.
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