Enbridge Inc (NYSE:ENB) shares are trading higher on Friday. The pipeline operator posted fourth‑quarter results before the bell that topped expectations on both revenue and earnings.

Enbridge stock is challenging resistance. Why are ENB shares at highs?

What The Numbers Showed

Adjusted EPS came in at 63 cents, ahead of the 60 cent estimate, while revenue of $12.32 billion beat the $11.75 billion consensus. For the full year, adjusted EBITDA reached $20.0 billion, up 7% from 2024, and distributable cash flow rose 4% to $12.5 billion.

The company has now hit or exceeded its financial guidance for 20 straight years, a streak President and CEO Greg Ebel said reflects Enbridge's "low‑risk commercial framework delivering predictable results amid macroeconomic uncertainty."

Dividend Hike And Reaffirmed Outlook

Enbridge also raised its quarterly dividend by 3% to 97 cents ...