Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) announced today its 2026 financial guidance and an annualized common share dividend increase from $3.77 to $3.88 per share, or 3%, effective March 1, 2026.

HIGHLIGHTS

(All financial figures are unaudited and in Canadian dollars unless otherwise noted. * identifies non-GAAP financial measures. See the Non-GAAP and Other Financial Measures section of this news release)

• Announced 2026 adjusted earnings before interest, income taxes and depreciation (EBITDA)* guidance of $20.2 billion to $20.8 billion and distributable cash flow (DCF) per share* of $5.70 to $6.10
• Declared 31^st consecutive annual common share dividend increase, raising it by 3% to $0.97 per quarter ($3.88 annualized), effective March 1, 2026
• Reaffirmed 2025 full year guidance for EBITDA and DCF per share; the Company expects to finish the year in the upper half of the EBITDA range of $19.4 billion to $20.0 billion, and at the midpoint for the DCF per share range
• The Company reaffirmed its 2023 to 2026 compound annual growth rate outlook of 7-9% for EBITDA*, 4-6% for adjusted earnings per share (EPS)* and approximately 3% for DCF per share*, and post 2026 growth outlook of ~5% for EBITDA, EPS and DCF per share

Enbridge