By Adriano MarcheseEnbridge on Wednesday upgraded its earnings forecast for the next two years thanks largely to its new planned investments in the U.S. Gulf Coast. Chief Executive Greg Ebel said these accretive investments provide near-term growth in the U.S. Gulf Coast and set the stage for the future expansion through partnerships and embedded organic opportunities. Looking ahead to 2026, Enbridge expects growth of 7% to 9% for adjusted earnings before interest, tax, and depreciation and amortization and between 4% and 6% for earnings per share. Beyond 2026, Enbridge expects average annual growth of about 5% for Ebitda, DCF per share and earnings per share. Write to Adriano Marchese at adriano.marchese@wsj.com(END) Dow Jones NewswiresMarch 06, 2024 07:46 ET (12:46 GMT)Copyright (c) 2024 Dow Jones & Company, Inc.

Source: Wall Street Journal March 06, 2024 13:48 UTC