Enbridge has no plans to apply for national interest project as it tackles expansions

Lauren Krugel · The Canadian Press

· Posted: Nov 07, 2025 9:56 AM EST | Last Updated: 2 hours ago

Enbridge Inc. says it added $3 cardinal successful caller maturation projects to its roster southbound of the borderline during the 3rd quarter, portion successful Canada it has nary contiguous plans to marque a transportation to the caller national Major Projects Office.

The Calgary-based vigor infrastructure elephantine says during the 3rd quarter, it gave the greenish airy to its $500-million US Southern Illinois Connector project. Through expansions to existing pipelines, that task would alteration 100,000 barrels per time of oilsands crude to travel to Texas.

"Maybe successful shot terms, that's our pb disconnected hitter and it's present connected base," said Colin Gruending, president of liquids pipelines, connected a league telephone to sermon third-quarter results.

The U.S. marketplace remains charismatic for Canadian crude, helium said.

"South is wherever it's at. Our customers similar that direction."

Many companies person U.S. refinery interests that are integrated with their oilsands accumulation and there's little contention nowadays from Venezulan and Mexican dense lipid imports into the U.S., Gruending added.

Enbridge besides sanctioned expansions to its Canyon and Eiger pipelines, arsenic good arsenic additions to earthy state retention and transmission operations during the quarter.

Continuing with the shot analogies, Gruending said the archetypal signifier of Enbridge's Canadian Mainline Optimization is "at the plate" and a 2nd tranche is "in the batter's box."

The Canadian Mainline is simply a immense web of crude pipelines spanning the state and connecting to points south. Enbridge announced plans earlier this twelvemonth to put $2 cardinal done 2028 connected improvements to the strategy to boost throughput.

The archetypal 150,000-barrel-per-day signifier is successful the last stages of lawsuit negotiations. The institution is connected way to marque a last concern determination this quarter, with the enlargement coming into work successful 2027.

A 2nd Mainline enlargement signifier would adhd different 250,000 barrels per time of capacity, and Enbridge expects to gauge lawsuit involvement aboriginal successful the caller year.

Enbridge Inc. says it added $3 cardinal successful caller maturation projects to its roster southbound of the borderline during the 3rd quarter, portion successful Canada it has nary contiguous plans to marque a transportation to the caller national Major Projects Office. (Jeff McIntosh/The Canadian Press)

Chief enforcement Greg Ebel said it makes consciousness to grow what Enbridge already has alternatively of gathering thing marque new.

"Relative to imaginable greenfield projects that would necessitate important vigor argumentation change, these brownfield opportunities connection the quickest and astir cost-effective mode to adhd adjacent to 500,000 barrels a time of capableness to fulfill the near-term accumulation increases forecasted retired of the [Western Canadian Sedimentary Basin]," Ebel told analysts connected a league telephone Friday.

Legislation passed earlier this twelvemonth established a caller bureau based successful Calgary to reappraisal projects deemed successful Canada's nationalist involvement connected an expedited timeline. Alberta Premier Danielle Smith is among those clamouring for a caller West Coast lipid pipeline being added to the list, and her authorities is moving connected putting unneurotic a proposal.

Enbridge, Canada's biggest crude lipid shipper, is lone advising connected that effort and has nary plans of its ain to marque a transportation to the Major Projects Office, Ebel said.

"It's large that it's acceptable up. Hopefully that'll beryllium adjuvant for those nationalist involvement projects," Ebel said.

"But each the things we're talking astir are short-cycle, comparatively permit-light, and truthful we haven't seen the request to spell down that route."

Q3 profit, gross drop

Earlier Friday, Enbridge Inc. reported its third-quarter nett fell compared with a twelvemonth agone arsenic its gross besides edged lower.

It earned $682 cardinal attributable to communal shareholders oregon 30 cents per stock for the 4th ended Sept. 30. That compares with a nett of $1.29 cardinal oregon 59 cents per stock successful the aforesaid 4th past year.

On an adjusted basis, Enbridge says it earned 46 cents per stock successful its latest quarter, down from an adjusted nett of 55 cents per stock a twelvemonth ago. The mean expert estimation had been for an adjusted nett of 51 cents per share, according to LSEG Data & Analytics.

Operating gross totalled $14.64 billion, down from $14.88 cardinal successful the aforesaid 4th past year.