The backlog number is $41 billion. The gas line is the one that touches this desk
Enbridge (TSX: ENB) reported second-quarter 2026 results on July 31 and left 2026 guidance in place: adjusted EBITDA of $20.2 to $20.8 billion, and distributable cash flow per share of $5.70 to $6.10. Adjusted earnings were about $1.4 billion, or $0.63 a share, a bit under last year on depreciation and interest. The board declared a $0.97 quarterly common dividend, payable September 1, 2026. Rolling 12-month debt-to-EBITDA sat at 5.1 times.
The new kit in that packet is what still matters in late August. Enbridge sanctioned a US$1.0 billion Line 5 relocation in Wisconsin and the Bay Runner Twin pipeline. It also described an option to buy TTC Connector, a 26-mile, 350 million cubic feet a day greenfield line from Tres Palacios gas storage to the Coastal Bend Header for delivery toward Freeport LNG. The company said the development is covered by long-term service agreements for available capacity.