TORONTO, July 3, 2026, 17:03 (EDT)
- Enbridge Inc. (TSE:ENB) ended at C$76.70 on the Toronto exchange, slipping 0.03%. The S&P/TSX composite gained 0.9%.
- The stock dropped 3.87% in five days, while the TSX was up 0.8% this week.
- Enbridge NYSE:ENB shares didn’t trade Friday. U.S. markets were closed for the Independence Day holiday.
- Enbridge is set to report Q2 results before the market opens on July 31, which is the next company date on the tape.
Enbridge Inc. (TSE:ENB) closed nearly unchanged Friday, down 2 Canadian cents at C$76.70. The S&P/TSX composite added 0.9% to 35,274.84, and energy stocks posted a 0.6% gain. Enbridge was quiet on the tape, moving more like a holdout than a typical resource play.
U.S. markets stayed shut for the Independence Day holiday, so Enbridge’s New York shares didn’t move from Thursday’s close at $54.08, up 1.48%. Toronto prices remained the only active quote for cross-border investors on Friday.
Friday’s session in Canada gave traders another look before U.S. markets reopen. Enbridge moved on 1.09 million shares, just 13% of the stock’s 65-day average. Light trading tends to dull the impact of one day, but the stock still posted a five-day slide that stood out.
| Measure | Latest read | Investor point |
|---|---|---|
| Enbridge, TSX | C$76.70, off 0.03%; largest five-day drop was -3.87%; 1.09 million shares traded | Soft price action, not much volume |
| S&P/TSX composite | 35,274.84, climbed 0.9%; up 0.8% for the week | Wider market moved higher |
| TSX energy sector | Gained 0.6%; crude added 0.1% to $68.78/bbl | Sector gains didn’t help Enbridge |
| Enbridge, NYSE | $54.08, rose 1.48% on July 2 | U.S. price skipped Toronto’s Friday trade |
Enbridge ended 4.9% under its 52-week peak of C$80.65 and 28.5% ahead of its C$59.68 low versus Friday’s close. Year to date, shares were up 16.78%. Over the past five sessions, Enbridge trailed the TSX by roughly 4.7 percentage points.
“Lower rate expectations weaken the U.S. dollar, boost gold and benefit Canadian resource stocks,” Matt Manara, executive VP and portfolio manager at Avenue Investment Management, told Reuters on Friday. That was one reason for the TSX gains. Enbridge, though, didn’t see much upside. Reuters
| Check item | Current data | Why it matters |
|---|---|---|
| Common dividend | C$0.97 each quarter; C$3.88 a year | Stock yields around 5.06% at C$76.70 |
| Q2 date | Reports before the open July 31; call is 7 a.m. MT / 9 a.m. ET | Company’s next big catalyst |
| 2026 guide | Adjusted EBITDA C$20.2B-C$20.8B; DCF/share C$5.70-C$6.10 | Numbers frame Q2 sentiment |
| Backlog | Roughly C$40B in secured growth backlog | Project delivery is still the thesis |
Enbridge’s C$3.88 annual dividend comes out to a 5.06% yield at Friday’s close, right in line with the quote-sheet figure. The stock’s 3.9% drop over the past five days, ahead of the July 31 update, pushes the yield higher, a point income-focused accounts will track.
Enbridge said in May its first-quarter adjusted EBITDA came in at C$5.81 billion, basically unchanged from C$5.83 billion last year. Distributable cash flow rose to C$3.9 billion from C$3.8 billion. The company kept its 2026 guidance and reported a rolling 12-month debt-to-EBITDA of 5.0 times, matching its 4.5-5.0 times target.
Enbridge CEO Greg Ebel told analysts in May he sees “the best growth opportunities I have seen in 10 to 15 years.” Ebel said the company is eyeing as much as $10 billion to $20 billion in new capital investment over the next 24 months. Reuters
In December, Ebel said Enbridge had nearly C$8 billion in projects set for service in 2026. On Friday, the market kept valuing the stock based on yield and execution risk, backlog or not.
The new week begins with an old U.S. quote and a fresh Canadian close. Enbridge plans to report Q2 numbers before the bell on July 31. Management will give prepared comments and then take questions from analysts and investors.
