Enbridge (ENB.TO) traded 0.9% lower at last look Tuesday in NYSE pre-market trading as the company said it is extending its financial growth outlook through the end of the decade.

Post-2026 and through the end of the decade, Enbridge expects to book an average annual growth of about 5% for adjusted EBITDA, discounted cash flow per share and adjusted earnings per share.

This was after Enbridge reaffirmed its growth average annual growth target of 7-9% for EBITDA, 3% for DCF per share, and 4%-6% for EPS.

"Global energy demand is growing and will require all forms of energy," CEO Gregory Ebel said. "Enbridge's diversified infrastructure footprint is uniquely positioned to meet this demand."

Over the next five years, Enbridge said it expects to return about $40 billion-$45 billion to shareholders through steadily growing dividends.

The company also reiterated its 2025 financial guidance for adjusted EBITDA and DCF per share.

Among its new projects, Enbridge said it plans to invest up to $2 billion in the Mainline system through 2028.

The company will also proceed with a 179 million cubic feet per day expansion of its BC Pipeline in British Columbia. It is expected to enter service in 2028.

The expanded T15 project is also expected to enter service in 2027/2028.

"Our continued commitment to operational excellence gives us confidence that we'll continue our track record of securing attractive projects and leading the way as we deliver safe, reliable and affordable energy everywhere people need it," Ebel said.