This Consistent Dividend Stock Shows Why It Belongs in Your Portfolio

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  • Enbridge continues to generate predictable financial results.

  • The pipeline company also continues to secure more growth.

  • It backs its dividend and expansion with a fortress financial profile.

  • 10 stocks we like better than Enbridge ›

Enbridge (NYSE: ENB) has been a model of consistency. The Canadian pipeline and utility giant has paid dividends for over 70 years and has increased its payment for the past 30 consecutive years. Its earnings are so predictable that the company has achieved its annual financial guidance for 19 straight years and is on track to extend that to 20.

The company has again demonstrated its reliability this year. The pipeline operator has delivered strong earnings and continued enhancing its long-term growth profile. These factors reinforce why the energy stock deserves a place in your portfolio.

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Image source: Getty Images.

Enbridge enjoyed a strong first half, posting record second-quarter results with adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) up 7% despite significant market volatility from tariffs. High utilization across its systems and stable commercial frameworks contributed to its predictable results. The company also benefited from last year’s acquisition of three U.S. natural gas utilities.

That strong start has the company on track to deliver results at or above the mid-point of its 2025 financial guidance range. It also expects to get some incremental income in the second half from its recent purchase of a 10% interest in the Matterhorn Express Pipeline.

Enbridge’s strong performance despite volatile market conditions during Q2 highlights its low-risk business model. About 98% of its earnings come from predictable revenue frameworks with no commodity price exposure and minimal volume risk. Over 95% of these are with investment-grade customers, and 80% of its revenue arrangements shield earnings from inflation.

The Canadian energy infrastructure giant also continues to secure new growth opportunities. The most notable new addition to its backlog is Clear Fork, a 600-megawatt solar energy facility designed to support the data center operations of Meta Platforms. The company expects to complete the $900 million project by 2027.

Enbridge also approved the $100 million Line 31 expansion of its Texas Eastern Transmission system to meet the growing demand from industrial and power customers in the region. Additionally, the company approved a 300 million Canadian dollar ($217.4 million) project to expand its Aitken Creek gas storage facility, providing enhanced flexibility to LNG customers in Western Canada. These new projects increased the company’s secured backlog to CA$32 billion ($23.2 billion) of expansions through the end of the decade.

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