# Enbridge Sets 2028 Target for $200 Million Long Lake Expansion

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/51777
Published: 2026-11-08T19:53:14.000Z
Updated: 2026-11-08T19:53:14.000Z
Section: Business

> Management expects 2026 results near the midpoint of its guidance range, with adjusted EBITDA guidance of C$20.2 billion to C$20.8 billion.

Enbridge plans a $200 million expansion at Long Lake targeted for 2028, while management expects 2026 results to land near the midpoint of its full-year guidance range.

The adjusted EBITDA guidance remains C$20.2 billion to C$20.8 billion, matching the range in Enbridge’s third-quarter outlook update. Management cited strong operational and financial performance and confidence in the underlying business.

Enbridge President and CEO Gregory Ebel said, “We delivered another quarter of strong operational and financial performance, positioning us to achieve our 2026 financial guidance for the 21st consecutive year.”

Enbridge common shares trade on the New York Stock Exchange under ticker ENB.