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

Enbridge Inc.（NYSE：ENB）在2025年第一季度报告了令人印象深刻的财务业绩，超过了期望并重申了年度财务指导。

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）周五报告了2025年第一季度的收入，击败了分析师的期望，并重申了本年度的财务指导。该公司还讨论了几个关键项目和投资，这些项目和投资将其定位为未来几个季度的持续增长和稳定。

What Happened

发生了什么

* 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报告的第一季度GAAP收益为23亿美元，每股1.04美元，高于14亿美元，或一年前每股0.67美元。该季度的调整后收益为22亿美元，即每股1.03美元，而2024年第1季度为20亿美元，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.

*该季度的调整后的EBITDA调整后的EBITDA为58亿美元，显示从1Q2024年第1季度的50亿美元增长了18％。这种增长是由更高的主线吞吐量，对美国天然气传输资产的有利收缩以及最近的美国天然气公司收购的贡献所驱动的。

* 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.

*经营活动提供的现金为31亿美元，略低于2024年的32亿美元，而可分配现金流量增加了9％到38亿美元。

* 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.

*与跟踪的分析师的平均估计相比，Enbridge超过了预期的每股收益为0.68美元，收入为95.2亿美元。该公司的出色业绩证明了其战略重点是优化其资产基础并利用其核心细分市场的增长机会。

* 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还重申了其2025年全年的财务指导，预计调整后的EBITDA在194亿至200亿美元之间，每股可分配现金流量在5.50美元至5.90美元之间。该公司进一步保持其多年财务前景，预计调整后的EBITDA的近期增长率为7-9％，调整后的每股收益为4-6％，到2026年，每股分配现金流量约为3％。

Key Projects and Investments

关键项目和投资

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.

除了报告良好的财务业绩外，Enbridge还提供了有关几个关键项目和投资的最新信息，这些项目和投资有望在未来几个季度推动公司的增长。这些举措强调了恩布里奇致力于扩大其资产基础，进入新市场并利用新兴的能源趋势的承诺。

* 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.

*资本计划和优先事项：恩布里奇（Enbridge）计划在2028年之前制裁高达20亿美元的Mainline资本投资。这些投资将集中于最大化吞吐量和可靠性。该公司还有能力每年额外投资10亿美元，以扩大其美国天然气工具足迹。

* 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已从Midpoint Energy LLC的单位中宣布在Matterhorn Express Pipeline中收购10％的股权。 Matter Horn Express管道是一条1,067英里，直径为42英寸的管道，可将天然气从新墨西哥州的圣胡安盆地运送到墨西哥湾沿岸。

* 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的建设开始：在Traverse Pipeline上开始建设，这是一条140英里，直径36英寸的管道，将将天然气从Marcellus页岩运输到加拿大市场。该管道预计将于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.

*收购美国天然气公用事业资产：今年早些时候，Enbridge以33亿美元的价格从Dominion Energy购买了7个美国天然气公司物业。这些收购扩大了Enbridge在美国主要市场中的存在，并促进了该公司成为低碳能源解决方案的领先提供商的目标。

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）强大的财务绩效，战略资本分配计划以及致力于扩大其资产基础地位，以在未来季度持续增长和稳定。随着恩布里奇（Enbridge）继续执行其战略并适应不断发展的能源环境，该公司的位置良好，可以长期为投资者和利益相关者带来价值。