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Enbridge Inc
Symbol ENB
Shares Issued 2,181,046,108
Close 2025-11-07 C$ 66.94
Market Cap C$ 145,999,226,470
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Globe/wire say Enbridge plans 2nd phase of Mainline

2025-11-10 07:19 ET - In the News

The Globe and Mail reports in its Saturday, Nov. 8, edition that Enbridge announced plans to formally gauge commercial interest in a second phase of capacity expansion on its Mainline crude pipeline network. A Reuters dispatch to The Globe reports that if approved, this phase could add 250,000 barrels per day of capacity by 2028 to meet rising demand from Canadian oil shippers. The project would be in addition to a planned first phase of expansion, on which the company expects to make a final investment decision before the end of the year. The first phase would add 150,000 bpd of capacity and be placed into service by 2027.Enbridge missed third quarter profit estimates on Friday, pressured by higher financing costs from capital investments including U.S. gas utility acquisitions. However, the company said its Mainline pipeline, which has the capacity to move three million b/d of crude from Western Canada to markets in Eastern Canada and the U.S. Midwest, shipped a record 3.1 million b/d on average during the quarter, reflecting strong customer demand for Canadian oil. Canada's oil sands industry has shown resilience during the global oil industry downturn, buoyed by years of investment.

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