Enbridge Inc. reported record financial performance for the first quarter of 2025, achieving record EBITDA, DCF per share, and earnings per share. Adjusted EBITDA reached $5,929 million, a significant increase from $4,049 million in Q1 2024.
Earnings attributable to common shareholders rose to $2,261 million, or $1.04 per share, in Q1 2025, compared to $1,419 million, or $0.67 per share, in the prior year period. This strong growth underscores the effectiveness of the company's integrated operations.
The robust performance was primarily driven by contributions from the recently acquired U.S. Gas Utilities, which provided a full quarter of ownership. Additionally, favorable weather conditions in Ontario, higher contributions from the Liquids Pipelines segment, and increased revenue from Gas Transmission rate case settlements positively impacted results.
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