CALGARY — Enbridge Inc. says it made a profit of $1.95 billion in the fourth quarter, up from $493 million in the same quarter last year.

The company says the earnings attributable to common shareholders worked out to 89 cents per share for the quarter ending Dec. 31, up from 23 cents per share the prior year.

It says adjusted earnings came in at 88 cents per share in the fourth quarter, up from 75 cents per share in the same quarter of 2024.

Analysts on average had expected an adjusted profit of 77 cents per share, according to data compiled by LSEG Data & Analytics.

The pipeline operator says earnings for 2025 as a whole worked out to $7.1 billion, up from $5.1 billion in 2024.

Enbridge says it has a secured backlog of $39 billion as it advances numerous projects including expanded natural gas transmission and storage, solar power and added crude export capacity.

This report by The Canadian Press was first published Feb. 13, 2026.

Companies in this story: (TSX:ENB)

The Canadian Press