Q1 Highlights and Growth Prospects

Q1 Financial Results ENBRIDGE® ($ Millions, except per share amounts) 2022 2021 Quarterly Drivers Liquids Pipelines Gas Transmission & Midstream Gas Distribution & Storage Renewable Power Generation 2,217 1,881 1,058 1,007 674 646 160 154 Energy Services (71) (75) Eliminations and Other 109 130 Adjusted EBITDA1 4,147 3,743 Cash distributions in excess of equity earnings 33 43 Maintenance capital (104) (109) Financing costs (824) (769) Current income tax (173) (101) Distributions to Noncontrolling Interests Other (60) (68) 53 22 Distributable Cash Flow1 3,072 2,761 DCF per share1 1.52 1.37 Strong operational performance L3R² in service & Ingleside acquisition Mainline toll provision B.C. Pipeline expansions (T-South & Spruce Ridge) Colder weather at the Utility Strong wind resources Lower capitalized interest (L3R) Taxes on higher earnings Adjusted earnings per share1 0.84 0.81 Q1'22 results on track; reaffirm 2022 financial guidance (1) Adjusted earnings before interest, taxes, depreciation and amortization (adjusted EBITDA), Adjusted Earnings and Distributable Cash Flow (DCF) are non-GAAP measures. Reconciliations to the nearest GAAP measures are included in the Q1 earnings release and other documents available at www.enbridge.com. (2) Line 3 Replacement 20 20

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