NEW YORK, January 1, 2026, 18:02 ET — Market closed
- Enbridge (ENB) last closed down 0.46% at $47.83 on Dec. 31 as U.S. markets shut for New Year’s Day
- Treasury yields rose and crude fell into year-end, keeping energy shares under pressure
- Focus turns to oil’s next move, Enbridge’s March 1 dividend, and the timing of the next earnings update
Enbridge Inc shares last closed at $47.83, down 0.46%, after U.S. markets shuttered on Thursday for the New Year’s Day holiday.
That matters because Enbridge trades as a high-cashflow pipeline and utility operator that investors often buy for income, making it sensitive to shifts in rates and risk appetite. With liquidity thin at year-end, small moves can get amplified.
The backdrop heading into 2026 is mixed: Treasury yields ticked higher while oil prices fell sharply over the year, a combination that can weigh on energy-linked dividend stocks even when their cash flows are largely fee-based.
Enbridge traded between $47.61 and $48.18 on Dec. 31 before ending at $47.83, according to daily pricing data.
Wall Street ended the year’s final session lower, with the S&P 500 down 0.74%, the Dow off 0.63% and the Nasdaq down 0.76%, Reuters reported. Energy stocks were among the laggards.
Rates moved against income stocks late in the session. The benchmark 10-year Treasury yield rose 3.5 basis points — or 0.035 percentage point — to 4.163%, Reuters said.
Oil ended 2025 with its steepest annual drop since 2020. U.S. WTI settled at $57.42 a barrel and Brent at $60.85 on Dec. 31, and both benchmarks were down close to 20% for the year as oversupply expectations grew, Reuters reported.
BNP Paribas commodities analyst Jason Ying said he expects Brent to dip to $55 in the first quarter before recovering to around $60 for the rest of 2026, according to Reuters.
“I do not expect that the last few days will have so much bearing on the performance of the next year,” said Giuseppe Sette, co-founder and president of Reflexivity, pointing to profit-taking when liquidity is low. Reuters
For Enbridge holders, the last major company marker was its early-December 2026 outlook. Enbridge said it expects adjusted EBITDA — earnings before interest, taxes, depreciation and amortization, a common cash-earnings yardstick — of C$20.2 billion to C$20.8 billion in 2026 and raised its quarterly dividend by 3% to C$0.97 per share.
The company said the C$0.97 dividend is payable March 1, 2026, to shareholders of record on Feb. 17, 2026.
Moves across North American midstream peers were modest into the close. Kinder Morgan ended down about 0.3% and TC Energy slipped about 0.8%, while Williams edged higher, according to market data.
Before the next U.S. session on Friday, traders will watch whether crude stabilizes after the 2025 slide and whether Treasury yields keep climbing as full liquidity returns after the holiday.
Oil traders also have the next OPEC+ meeting on Jan. 4 on their radar, Reuters reported — a near-term event that can swing sentiment across energy stocks even if pipeline revenues are not directly tied to spot prices.
On the calendar, Enbridge’s next earnings date has not been confirmed on the company’s events page, but Wall Street tracking services list mid-February estimates, including Feb. 13, 2026.
From a chart perspective, Enbridge has recently held above the late-December low near $46.44 and faces resistance near $48.18, the Dec. 31 high, based on recent trading ranges.
