Enbridge (ENB) Reports Strong Q1 Results, Reaffirms 2026 Guidance

With an annual dividend yield of 5.23%, Enbridge Inc. (NYSE:ENB) is included among the 12 Best Blue Chip Dividend Stocks to Buy Now.

Enbridge (ENB) Reports Strong Q1 Results, Reaffirms 2026 Guidance

Enbridge Inc. (NYSE:ENB) is a midstream energy operator that focuses on transporting and distributing oil, natural gas, and natural gas liquids.

Enbridge Inc. (NYSE:ENB) had a strong start to the year, with the company reporting better-than-expected results for its Q1 on May 8. The midstream operator delivered an adjusted EPS of $0.72 against estimates of $0.69, while its revenue also grew by 23% YoY to $16.3 billion and comfortably topped forecasts by $3 billion.

The strong performance was driven by the rising demand for ​natural gas, utility infrastructure, and power supply for data centers. Moreover, since the beginning of the US-Iran war, Enbridge has witnessed an increase ⁠in demand for crude oil export capacity to its Ingleside export terminal, the largest crude oil storage and export terminal in the United States.

Enbridge Inc. (NYSE:ENB) reaffirmed its FY 2026 guidance for adjusted EBITDA between C$20.2 billion and C$20.8 billion and DCF per share in the range of C$5.70 and C$6.10. Moreover, the company reiterated its post-2026 outlook of a 5% average annual growth rate for EBITDA, DCF per share, and EPS.

Enbridge Inc. (NYSE:ENB) boasts an impressive annual dividend yield of 5.23% and holds the coveted title of a dividend aristocrat, having raised its annual dividend for 31 consecutive years. As a result, ENB was recently included in our list of the 15 Best High Yield Energy Stocks to Buy Right Now.

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