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ENBRIDGE NEWS RELEASE Enbridge Reports Strong First Quarter 2021 Financial Results ; Reaffirms 2021 Financial Outlook CALGARY , May 7 , 2021 / CNW / - Enbridge Inc. ( Enbridge or the Company ) ( TSX : ENB ) ( NYSE : ENB ) today reported first quarter 2021 financial results , reaffirmed its 2021 financial outlook , and provided a quarterly business update . Highlights ( all financial figures are unaudited and in Canadian dollars unless otherwise noted ) First quarter GAAP earnings of $ 1.9 billion or $ 0.94 per common share , compared with GAAP loss of $ 1.4 billion or $ 0.71 per common share in 2020 Adjusted earnings of $ 1.6 billion or $ 0.81 per common share , compared with $ 1.7 billion or $ 0.83 per common share in 2020 Adjusted earnings before interest , income taxes and depreciation and amortization ( EBITDA ) of $ 3.7 billion , compared with $ 3.8 billion in 2020 Cash Provided by Operating Activities of $ 2.6 billion , compared with $ 2.8 billion in 2020 Distributable Cash Flow ( DCF ) of $ 2.8 billion or $ 1.37 per common share , compared with $ 2.7 billion or $ 1.34 per common share in 2020 Reaffirmed 2021 full year guidance range of EBITDA of $ 13.9 billion to $ 14.3 billion and DCF per share of $ 4.70 to $ 5.00 Advancing $ 17 billion secured capital program with $ 10 billion expected to be placed into service in 2021 , supporting significant cash flow growth in 2022 Construction of the final leg of the U.S. Line 3 Replacement Project is progressing on schedule towards the targeted Q4 2021 in - service date Reached rate settlements in principle with customers on several Gas Transmission assets , which provide cash flow stability and an appropriate return on our investments Gas Distribution capital growth program advancing ; on track for another 45 thousand customer additions this year Sanctioned 4 additional self - power projects for the Liquids system and placed the 10.5 MW Alberta Solar One facility into service , reducing pump station CO₂ emissions Sanctioned the 448 MW Calvados offshore wind farm backed by a 20 - year fixed price power purchase agreement Announced development of a 20 MW green hydrogen production and blending project in Quebec through Gazifere , in partnership with Evolugen Closed the previously announced sale of 49 % of Enbridge's interests in three French offshore wind projects under construction to CPP Investments Completed the previously announced purchase of 6.6 million barrels of storage assets located in Cushing , further advancing our U.S. Gulf Coast strategy 1