Enbridge Stock Is Trending Higher Today: What's Happening?

Core Viewpoint - Enbridge Inc's shares are experiencing an upward trend following the release of fourth-quarter results that exceeded expectations in both revenue and earnings [1] Financial Performance - Adjusted EPS was reported at 63 cents, surpassing the 60 cent estimate, while revenue reached $12.32 billion, exceeding the consensus of $11.75 billion [2] - For the full year, adjusted EBITDA was $20.0 billion, reflecting a 7% increase from 2024, and distributable cash flow rose 4% to $12.5 billion [2] Consistent Performance and Dividend Increase - The company has met or exceeded its financial guidance for 20 consecutive years, attributed to its "low-risk commercial framework" [3] - Enbridge raised its quarterly dividend by 3% to 97 cents per share, marking the 31st consecutive annual increase [3] Future Outlook and Growth Initiatives - The company reaffirmed its 2026 outlook, projecting adjusted EBITDA between $20.2 billion and $20.8 billion and DCF per share of $5.70 to $6.10 [4] - Enbridge anticipates annual growth of about 5% in EBITDA, EPS, and DCF per share beyond 2026 [4] - In 2025, Enbridge placed $5 billion worth of organic projects into service and approved $14 billion in new projects, increasing its secured backlog to $39 billion, approximately 35% higher than the previous year [4] Analyst Sentiment - Analyst target prices for Enbridge have been consistently increasing, with RBC Capital raising its target from $67 to $72 while maintaining an 'Outperform' rating [5] - Argus Research also maintained a positive outlook, raising its target price from $50 to $54 [5] Stock Performance - Enbridge shares were up 1.85% at $52.80, reaching a new 52-week high [7]