Enbridge Inc. (ENB) Q2 2025 Earnings Conference Call Transcript

Aug. 01, 2025 2:49 PM ETEnbridge Inc. (ENB) Stock, ENBBF Stock, EBBNF Stock, EBRGF Stock, EBGEF Stock, ENBFF Stock, EBBGF Stock, ENNPF Stock, ENB:CA Stock, ENB.PR.A:CA Stock, ENB.PR.B:CA Stock, ENB.PR.D:CA Stock, ENB.PR.F:CA Stock, ENB.PR.H:CA Stock, ENB.PF.U:CA Stock, ENB.PR.N:CA Stock, ENB.PR.P:CA Stock, ENB.PR.T:CA Stock, ENB.PR.V:CA Stock, ENB.PR.Y:CA Stock, ENB.PF.V:CA Stock, ENB.PR.J:CA Stock, ENB.PF.A:CA Stock, ENB.PF.C:CA Stock, ENB.PF.E:CA Stock, ENB.PF.G:CA Stock, ENB.PF.K:CA Stock, ENBGF Stock, ENBRF Stock, ENB.PR.G:CA Stock, ENBHF Stock, ENB.PR.I:CA Stock, ENBNF Stock, ENBOF Stock, ENBMF Stock, ENB.PR.Z:CA Stock, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
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Enbridge Inc. (NYSE:ENB) Q2 2025 Earnings Call August 1, 2025 9:00 AM ET

Company Participants

Colin Kenneth Gruending - Executive VP & President of Liquids Pipelines
Cynthia Lynn Hansen - Executive VP and President of Gas Transmission & Midstream
Gregory Lorne Ebel - President, CEO & Director
Matthew A. Akman - Executive VP of Corporate Strategy & President of Power
Michele E. Harradence - Executive VP and President of Gas Distribution & Storage
Patrick Robert Murray - Executive VP & CFO
Rebecca Morley - Director of Investor Relations

Conference Call Participants

Aaron MacNeil - TD Cowen, Research Division
Benjamin Pham - BMO Capital Markets Equity Research
Jeremy Bryan Tonet - JPMorgan Chase & Co, Research Division
Keith T. Stanley - Wolfe Research, LLC
Manav Gupta - UBS Investment Bank, Research Division
Maurice Choy - RBC Capital Markets, Research Division
Patrick Kenny - National Bank Financial, Inc., Research Division
Praneeth Satish - Wells Fargo Securities, LLC, Research Division
Robert Catellier - CIBC Capital Markets, Research Division
Robert Hope - Scotiabank Global Banking and Markets, Research Division
Sam Burwell - Unidentified Company
Theresa Chen - Barclays Bank PLC, Research Division

Rebecca Morley

Good morning, and welcome to the Enbridge Inc. Second Quarter 2025 Financial Results Conference Call.

My name is Rebecca Morley, and I'm the Vice President of Investor Relations and Insurance. Joining me this morning are Greg Ebel, President and CEO; Pat Murray, Executive Vice President and Chief Financial Officer; and the heads of each of our business units: Colin Gruending, Liquids Pipelines; Cynthia Hansen, Gas Transmission; Michele Harradence, Gas Distribution and Storage; and Matthew Akman, Renewable Power.

[Operator Instructions] Please note, this conference is being recorded. As per usual, this call is being webcast, and I encourage those listening on the phone to follow along with the supporting slides. We'll try to keep the call to

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