Enbridge Inc.（NYSE：ENB）超過2025年第一季度的收益估算，重申了全年指導

Enbridge Inc.（NYSE：ENB）在2025年第一季度報告了令人印象深刻的財務業績，超過了期望並重申了年度財務指導。

Energy company Enbridge (NYSE:ENB) reported strong first-quarter 2025 earnings on Friday, beating analysts’ expectations and reaffirming its financial guidance for the year. The company also discussed several key projects and investments that are positioning it for sustained growth and stability in the coming quarters.

能源公司Enbridge（NYSE：ENB）週五報告了2025年第一季度的收入，擊敗了分析師的期望，並重申了本年度的財務指導。該公司還討論了幾個關鍵項目和投資，這些項目和投資將其定位為未來幾個季度的持續增長和穩定。

What Happened

發生了什麼

* Enbridge reported first-quarter GAAP earnings of $2.3 billion, or $1.04 per common share, up from $1.4 billion, or $0.67 per share, a year ago. Adjusted earnings for the quarter were $2.2 billion, or $1.03 per share, compared to $2.0 billion, or $0.92 per share, in 1Q2024.

* Enbridge報告的第一季度GAAP收益為23億美元，每股1.04美元，高於14億美元，或一年前每股0.67美元。該季度的調整後收益為22億美元，即每股1.03美元，而2024年第1季度為20億美元，每股0.92美元。

* The company’s adjusted EBITDA for the quarter came in at $5.8 billion, showing an 18% increase from $5.0 billion in 1Q2024. This growth was driven by higher Mainline throughput, favorable contracting on U.S. Gas Transmission assets, and contributions from recent U.S. gas utility acquisitions.

*該季度的調整後的EBITDA調整後的EBITDA為58億美元，顯示從1Q2024年第1季度的50億美元增長了18％。這種增長是由更高的主線吞吐量，對美國天然氣傳輸資產的有利收縮以及最近的美國天然氣公司收購的貢獻所驅動的。

* Cash provided by operating activities was $3.1 billion, slightly down from $3.2 billion in 2024, while distributable cash flow increased by 9% to $3.8 billion.

*經營活動提供的現金為31億美元，略低於2024年的32億美元，而可分配現金流量增加了9％到38億美元。

* When compared to the average estimates of analysts tracked by , Enbridge exceeded the anticipated EPS of $0.68 and revenue of $9.52 billion. The company’s strong performance is a testament to its strategic focus on optimizing its asset base and capitalizing on growth opportunities in its core segments.

*與跟踪的分析師的平均估計相比，Enbridge超過了預期的每股收益為0.68美元，收入為95.2億美元。該公司的出色業績證明了其戰略重點是優化其資產基礎並利用其核心細分市場的增長機會。

* Enbridge also reaffirmed its financial guidance for the full year 2025, projecting adjusted EBITDA between $19.4 billion and $20.0 billion, and distributable cash flow per share between $5.50 and $5.90. The company further maintains its multi-year financial outlook, anticipating near-term growth rates of 7-9% for adjusted EBITDA, 4-6% for adjusted EPS, and approximately 3% for distributable cash flow per share through 2026.

* Enbridge還重申了其2025年全年的財務指導，預計調整後的EBITDA在194億至200億美元之間，每股可分配現金流量在5.50美元至5.90美元之間。該公司進一步保持其多年財務前景，預計調整後的EBITDA的近期增長率為7-9％，調整後的每股收益為4-6％，到2026年，每股分配現金流量約為3％。

Key Projects and Investments

關鍵項目和投資

In addition to reporting strong financial results, Enbridge provided updates on several key projects and investments that are poised to drive the company’s growth in the coming quarters. These initiatives highlight Enbridge’s commitment to expanding its asset base, entering new markets, and capitalizing on emerging energy trends.

除了報告良好的財務業績外，Enbridge還提供了有關幾個關鍵項目和投資的最新信息，這些項目和投資有望在未來幾個季度推動公司的增長。這些舉措強調了恩布里奇致力於擴大其資產基礎，進入新市場並利用新興的能源趨勢的承諾。

* Capital Plans and Priorities: Enbridge is planning to sanction up to $2.0 billion of Mainline capital investment through 2028. These investments will be focused on maximizing throughput and reliability. The company also has the capacity to invest an additional $1.0 billion per year in expanding its U.S. Gas Utility footprint.

*資本計劃和優先事項：恩布里奇（Enbridge）計劃在2028年之前製裁高達20億美元的Mainline資本投資。這些投資將集中於最大化吞吐量和可靠性。該公司還有能力每年額外投資10億美元，以擴大其美國天然氣工具足跡。

* 10% Stake in Matterhorn Express: Enbridge has announced the acquisition of a 10% equity interest in the Matterhorn Express Pipeline from units of Midpoint Energy LLC. The Matterhorn Express Pipeline is a 1,067-mile, 42-inch diameter pipeline that transports natural gas from the San Juan Basin in New Mexico to the Gulf Coast.

* Matter Horn Express的10％股份：Enbridge已從Midpoint Energy LLC的單位中宣佈在Matterhorn Express Pipeline中收購10％的股權。 Matter Horn Express管道是一條1,067英里，直徑為42英寸的管道，可將天然氣從新墨西哥州的聖胡安盆地運送到墨西哥灣沿岸。

* Traverse Pipeline Construction Commences: Construction has begun on the Traverse Pipeline, a 140-mile, 36-inch diameter pipeline that will transport natural gas from the Marcellus Shale to the Canadian markets. The pipeline is expected to be completed in 2026.

* Traverse Pipeline的建設開始：在Traverse Pipeline上開始建設，這是一條140英里，直徑36英寸的管道，將將天然氣從Marcellus頁岩運輸到加拿大市場。該管道預計將於2026年完成。

* Acquisition of U.S. Gas Utility Assets: Earlier this year, Enbridge completed the acquisition of seven U.S. gas utility properties from Dominion Energy for $3.3 billion. These acquisitions expand Enbridge’s presence in key U.S. markets and contribute to the company’s goal of becoming a leading provider of low-carbon energy solutions.

*收購美國天然氣公用事業資產：今年早些時候，Enbridge以33億美元的價格從Dominion Energy購買了7個美國天然氣公司物業。這些收購擴大了Enbridge在美國主要市場中的存在，並促進了該公司成為低碳能源解決方案的領先提供商的目標。

Enbridge’s strong financial performance, strategic capital allocation plans, and commitment to expanding its asset base position the company for sustained growth and stability in the coming quarters. As Enbridge continues to execute its strategy and adapt to the evolving energy landscape, the company is well-placed to deliver value to its investors and stakeholders over the long term.

恩布里奇（Enbridge）強大的財務績效，戰略資本分配計劃以及致力於擴大其資產基礎地位，以在未來季度持續增長和穩定。隨著恩布里奇（Enbridge）繼續執行其戰略並適應不斷發展的能源環境，該公司的位置良好，可以長期為投資者和利益相關者帶來價值。