Enbridge Inc. today announced its financial guidance for 2025, projecting Adjusted EBITDA to be between C$19.4 billion and C$20 billion. This outlook is higher than the company's expectations for 2024, signaling anticipated growth in its core earnings.
The company also declared an annualized common share dividend increase from $3.66 to $3.77 per share, representing a 3.0% hike, effective March 1, 2025. This marks the thirtieth consecutive year that Enbridge has increased its common share dividend.
CEO Greg Ebel highlighted that the positive outlook is supported by rebounding global oil consumption and increasing natural gas demand. This demand is driven by LNG growth, coal-to-gas switching, and the rapid increase in electric power demand from new data center developments, which Enbridge's portfolio is well-suited to capitalize on.
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