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ENB

Enbridge Inc

NYSE: ENB · ENERGY · OIL & GAS MIDSTREAM

$53.42
+0.72% today

Updated 2026-04-29

Market cap
$116.32B
P/E ratio
22.58
P/S ratio
1.78x
EPS (TTM)
$2.36
Dividend yield
7.18%
52W range
$41 – $55
Volume
4.6M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Enbridge Inc (ENB) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$53.42
Consensus
$65.00
+21.68%
2030 Target
$438.61
+721.06%
DCF
$53.99
+4.52% MoS
21 analysts:
1 Buy12 Hold2 Sell

Management guidance

Enbridge reaffirmed FY2026 guidance following record 2025 results (revenue $65.19B CAD). Company emphasized $39B secured project backlog driving growth through 2028-2030, with strategic focus on AI data center power demand and renewable energy integration. CEO highlighted dividend growth for 31st consecutive year and pragmatic 'all-of-the-above' energy transition approach supporting sustained revenue expansion.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$725.61
$79.4B Rev × 20x P/S
Base case (2030)
$438.61
$79.4B Rev × 12x P/S
Bear case (2030)
$292.41
$79.4B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$43.6B$53.5B$65.2B$62.2B$65.9B$70.2B$74.7B$79.4B
Revenue growth—22.5%21.9%-4.6%5.9%6.5%6.5%6.4%
EPS$2.79$2.84$3.02$3.04$3.35$3.62$3.88$4.15
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$341.15$362.81$384.47$411.54$438.61

Catalysts & risks

Growth catalysts
+ Line 5 reroute completion and regulatory certainty reducing legal risks
+ $39B secured backlog monetization through 2028 from midstream projects
+ AI data center power demand driving natural gas infrastructure expansion
+ Dividend growth trajectory (31 consecutive years) supporting investor demand
+ U.S. natural gas utility acquisitions expanding regulated asset base
Key risks
- Regulatory/legal challenges to pipeline projects (Line 5, rerouting timelines)
- Energy transition risk if oil/gas demand declines faster than projected
- Rising interest rates impacting debt servicing costs (Debt/Eq 1.70, high leverage)
- Renewable energy market competition and project execution delays
- FX risk from CAD revenue reporting vs USD operations

Methodology

Enbridge Inc's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 21 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 6, 2026.