Do you have $1,000 to invest? Canadian pipeline stocks could be the perfect choice right now. On his first day in office, U.S. president Donald Trump has already made bold moves to support the traditional energy sector, including signing an executive order to withdraw the U.S. from the Paris Climate Agreement. This policy shift is expected to create a more favourable environment for energy companies, including pipeline operators, which play an important role in transporting oil and natural gas across North America.
With the potential for increased energy production, pipeline stocks could see stable cash flows and rising demand for their services. In this article, I’ll highlight three top TSX-listed pipeline stocks that are built for long-term growth and offer dependable dividends, making them ideal for Foolish Investors looking to buy and hold forever.
Enbridge stock
Enbridge (TSX:ENB) is one of the most dependable pipeline stocks for 2025. Currently trading at $65.01 per share, with a market cap of $141.6 billion, Enbridge offers an attractive 5.9% annualized dividend yield, backed by its 30th consecutive year of dividend increases. The company recently raised its quarterly dividend by 3% to $0.9425 per share, effective March 1, 2025.
Enbridge’s diversified energy portfolio spans oil and gas transportation, storage, and renewable power generation, helping you generate largely predictable cash flow even amid market volatility. The company’s 2025 financial guidance forecasts adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) between $19.4 billion and $20 billion as it continues to focus on strong asset utilization and new project contributions. With a long history of delivering reliable returns and consistently increasing dividends, ENB remains a top Canadian pipeline stock for long-term investors.
Pembina Pipeline stock
After climbing by 19% over the past year, Pembina Pipeline (TSX:PPL) currently trades at $54.03 per share with a market cap of $31.4 billion. It mainly focuses on transporting hydrocarbons across North America through its extensive pipeline network and integrated infrastructure. Offering a 5% annualized dividend yield paid quarterly, it’s a top pick for income-focused investors who want exposure to top Canadian pipeline stocks.
Pembina’s 2025 guidance projects adjusted EBITDA between $4.2 billion and $4.5 billion, reflecting volume growth, new assets, and strategic consolidations like Alliance Pipeline. Additionally, its ongoing projects, such as the Cedar LNG and Peace Pipeline expansions, underscore its commitment to growth. With a fully funded capital program and a focus on stable, fee-based revenue, Pembina Pipeline could be a reliable long-term investment in Canada’s energy sector.
South Bow stock
Recently separated from TC Energy, South Bow (TSX:SOBO) is a newly launched player in the North American energy infrastructure space. Trading at $35.53 per share with a market cap of $7.4 billion, SOBO operates 4,900 kilometres of strategic pipeline infrastructure connecting Canadian crude oil to high-demand U.S. refining hubs. The company’s highly contracted cash flows and investment-grade financial position support its robust 8% annualized dividend yield.
As a new Canadian pipeline firm, South Bow remains focused on disciplined capital allocation and debt reduction. Its growth projects, like the Blackrod Connection, are expected to improve connectivity by 2026. With its inaugural $0.50 per share dividend payable in January 2025, South Bow stock could offer an attractive mix of stability and growth prospects to long-term investors.
