Enbridge reports $1.4 billion Q2 profit, down from prior year
Enbridge Inc. announced second‑quarter profit attributable to common shareholders of $1.4 billion, or $0.64 per share, a decline from $2.18 billion and $1 per share a year earlier. On an adjusted basis the company earned $0.63 per share, down from $0.65 in Q2 2025. Its capital backlog was reported at $41 billion, reflecting ongoing projects such as the Line 5 relocation in Wisconsin and the Bay Runner Twin pipeline that supplies Permian natural gas to the Rio Grande LNG facility. Enbridge has sanctioned $9 billion of new projects year‑to‑date and is on track to announce $10‑20 billion of additional projects for the 2026‑2027 period. The firm also signed an exclusive option to acquire the TTC Connector Pipeline, which will extend its Gulf Coast presence and improve connectivity between the Tres Palacios hub and Freeport LNG.
Entities: ARC Resources Ltd. · ARC Shareholders · Alberta Securities Commission · Antero Resources Corporation · Bay Runner Twin pipeline · Canada Competition Act · Enbridge Inc. · Line 5 Relocation Project · Line 5 Relocation project · Michael Kennedy · Rio Grande LNG · Rio Grande LNG facility
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 3 SOURCES] ARC Resources delivered second‑quarter 2026 average production of 390,465 barrels of oil equivalent per day. (ARC Resources Ltd.)
- [○ 1 SOURCE] Antero Resources adjusted net income for Q2 2026 was $236 million (non‑GAAP). (Antero Resources Corporation)
- [○ 1 SOURCE] ARC Resources shareholders approved the Shell acquisition arrangement on July 14, 2026. (ARC Resources Ltd.)
- [● 3 SOURCES] Shell plc agreed to acquire all ARC Resources shares in a cash‑and‑share transaction valued at approximately $22 billion. (f95564db-a0fd-4dd4-beb5-79580a9f2fb4,65ccc5d2-3a33-4c4f-9b02-80028eec94a7,b71244c2-65ac-4cff-91ca-c2640992a0cf)
- [○ 1 SOURCE] ARC Resources net income for Q2 2026 was $353 million ($0.62 per share). (ARC Resources Ltd.)
- [○ 1 SOURCE] Antero Resources completed $315 million of strategic acquisitions in July 2026, adding 125 MMcfe/d net production. (Antero Resources Corporation)
- [○ 1 SOURCE] Antero Resources net income for Q2 2026 was $279 million. (Antero Resources Corporation)
- [○ 1 SOURCE] Antero Resources net production was over 4.1 Bcfe/d in Q2 2026, a 21% increase from the prior year. (Antero Resources Corporation)
- [● 3 SOURCES] ARC delivered second‑quarter 2026 average production of 390,465 barrels of oil equivalent per day, a 9 % increase year‑over‑year.
- [● 3 SOURCES] ARC generated funds from operations of $816 million in the second quarter of 2026.
- [● 3 SOURCES] Approvals under Canada’s Competition Act, Canada Transportation Act, and the U.S. Hart‑Scott‑Rodino Antitrust Improvements Act have been obtained for the Shell‑ARC arrangement.
- [● 3 SOURCES] ARC net income was $353 million, or $0.62 per share, in Q2 2026.