(Updates)
** Shares of Canadian pipeline operator Enbridge gain 2.1% to reach a record high of C$72.05
** Co reported quarterly adjusted profit of 88 Canadian cents per share, compared with the analysts’ average estimate of 77 Canadian cents – LSEG
** Co says it has about C$39 bln in projects under development, with roughly C$8 bln expected to enter service this year
** “We continue to advance over 50 data center opportunities across North America, requiring up to 10 billion cubic feet per day new takeaway capacity” – CEO Greg Ebel says
** Ebel adds co expects to sanction additional projects supporting power generation and data centers in 2026 and the years ahead
** Brokerage UBS says “ENB continues to prioritize balance sheet strength… while still looking into low-multiple brownfield opportunities and utility-like growth”
** In 2025, ENB was up 6%
(Reporting by Varun Sahay in Bengaluru)