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Enbridge ENB

US equityMarket cap rank #146Oil & Gas Midstream
$47.54
−$0.31 (-0.65%)
Market open · Sep 24, 1:10 pm ET
After hours $48.00 +0.31%
Open$47.88
Prev close$47.85
Day range$47.38 – $47.99
Volume1.84M
Market cap$105.96B
P/E (TTM)25.8
Dividend yield5.67%

Fundamentals

Latest reported quarter: Q2, ended Jun 2026 · reported in CAD

RevenueC$29.32B+97.1% YoY
Operating profitC$2.91B+11.1% YoY
Net profitC$1.57B-32.4% YoY
Diluted EPSC$0.64-36.0% YoY
Free cash flowC$1.08B-15.5% YoY
Operating cash flowC$4.11B

Revenue, last 8 quarters

C$14.9BSep '24C$16.2BDec '24C$18.5BMar '25C$14.9BJun '25C$14.6BSep '25C$17.2BDec '25C$22.4BMar '26C$29.3BJun '26

Net profit, last 8 quarters

C$1.4BSep '24C$618.0MDec '24C$2.5BMar '25C$2.3BJun '25C$847.0MSep '25C$2.1BDec '25C$1.8BMar '26C$1.6BJun '26

Diluted EPS by quarter

0.59Sep '240.22Dec '241.03Mar '251.00Jun '250.30Sep '250.89Dec '250.76Mar '260.64Jun '26

Free cash flow by quarter

C$1.3BSep '24C$1.1BDec '24C$1.3BMar '25C$1.3BJun '25C$456.0MSep '25C$105.0MDec '25C$-173.0MMar '26C$1.1BJun '26

Annual revenue

C$39.1BFY20C$47.1BFY21C$53.3BFY22C$43.6BFY23C$53.5BFY24C$65.2BFY25

Profitability & balance sheet

Gross margin25.7%
Operating margin13.6%
Net margin6.8%
Return on equity9.7%
Return on assets2.6%
Return on invested capital5.9%
Current ratio0.72
Liabilities / assets70.6%
Cash & investmentsC$2.01B
Total debtC$112.13B
Net cash (debt)-C$110.12B
Free cash flow / sales1.8%

Where the revenue comes from

Quarter 2026/Q2

By business line

  • Liquids PipelinesC$25.22B 86.0%
  • Gas Distribution and StorageC$2.08B 7.1%
  • Gas TransmissionC$1.72B 5.9%
  • Renewable power generationC$164.00M 0.6%
  • Eliminations and otherC$132.00M 0.5%

This company reports in its own local currency, not U.S. dollars. Every figure below is labeled with its real currency, not automatically converted.

Income statement

Line item 2026 Q2
(CAD)		 2026 Q1
(CAD)		 2025 ANNUAL
(CAD)		 2025 Q4
(CAD)		 2025 Q3
(CAD)
Total Revenue as Reported C$29.32B C$22.36B C$65.19B C$17.18B C$14.64B
Total Operating Revenue C$29.32B C$22.36B C$65.19B C$17.18B C$14.64B
Cost of Revenue C$24.05B C$16.56B C$43.70B C$11.51B C$9.89B
Gross Profit C$5.27B C$5.79B C$21.50B C$5.67B C$4.75B
Operating Expense C$2.36B C$2.57B C$9.97B C$2.71B C$2.48B
Other Operating Expenses C$2.36B C$2.57B C$9.97B C$2.71B C$2.48B
Operating Profit C$2.91B C$3.23B C$11.53B C$2.97B C$2.27B
Net Non-Operating Interest Income (Expense) -C$1.40B -C$1.22B -C$5.02B -C$1.25B -C$1.26B
Non-Operating Interest Expense C$1.40B C$1.22B C$4.99B C$1.22B C$1.26B
Other Income (Expense) C$497.00M C$362.00M C$3.29B C$736.00M C$154.00M
Gain on Sale of Security -C$268.00M -C$438.00M C$708.00M C$250.00M -C$505.00M
Earnings from Equity Interest C$532.00M C$541.00M C$2.22B C$534.00M C$451.00M
Special Income (Charges) C$0.00 – -C$570.00M -C$240.00M C$0.00
-Less:Impairment of Capital Assets C$0.00 – C$570.00M C$240.00M C$0.00
Other Non-Operating Income (Expenses) C$233.00M C$259.00M C$926.00M C$192.00M C$208.00M
Pretax Profit C$2.01B C$2.37B C$9.79B C$2.46B C$1.16B
Tax C$442.00M C$587.00M C$2.00B C$325.00M C$316.00M
Net Profit C$1.57B C$1.78B C$7.79B C$2.13B C$847.00M
Profit from Continuing Operations C$1.57B C$1.78B C$7.79B C$2.13B C$847.00M
Minority Interests C$69.00M C$0.00 C$298.00M C$71.00M C$59.00M
Net Income to Parent Company C$1.50B C$1.78B C$7.49B C$2.06B C$788.00M
Preferred Stock Dividends C$105.00M C$107.00M C$419.00M C$108.00M C$106.00M
Net Income to Common Stockholders C$1.40B C$1.67B C$7.07B C$1.95B C$682.00M
Basic EPS C$0.64 C$0.77 C$3.23 C$0.89 C$0.30
Diluted EPS C$0.64 C$0.76 C$3.22 C$0.89 C$0.30
Dividend Per Share C$0.97 C$0.97 C$3.77 C$0.94 C$0.94
Total Other Finance Costs – – C$31.00M – –
-Gain on Sale Of Business – – C$0.00 C$0.00 C$0.00

Balance sheet

Line item 2026 Q2
(CAD)		 2026 Q1
(CAD)		 2025 ANNUAL
(CAD)		 2025 Q4
(CAD)		 2025 Q3
(CAD)
Total Assets C$231.65B C$228.20B C$218.48B C$218.48B C$216.97B
Total Current Assets C$17.72B C$18.86B C$13.20B C$13.20B C$12.08B
Cash and Cash Equivalents & Short-Term Investments C$2.01B C$1.64B C$1.09B C$1.09B C$1.41B
-Cash and Cash Equivalents C$2.01B C$1.64B C$1.09B C$1.09B C$1.41B
Receivables C$9.94B C$10.55B C$7.51B C$7.51B C$5.95B
-Accounts Receivable C$9.85B C$10.44B C$7.08B C$7.08B C$5.86B
-Due from Related Parties Current C$94.00M C$107.00M C$86.00M C$86.00M C$84.00M
Inventory C$1.60B C$1.85B C$1.62B C$1.62B C$1.90B
Restricted Cash C$58.00M C$186.00M C$83.00M C$83.00M C$103.00M
Other Current Assets C$4.12B C$4.65B C$2.29B C$2.29B C$2.72B
Total Non-Current Assets C$213.93B C$209.34B C$205.30B C$205.30B C$204.89B
Net PPE C$137.66B C$134.41B C$131.60B C$131.60B C$130.95B
Investments and Advances C$22.33B C$21.96B C$21.26B C$21.26B C$21.31B
Goodwill and Other Intangible Assets C$40.19B C$39.77B C$39.29B C$39.29B C$39.95B
-Goodwill C$36.22B C$35.77B C$35.30B C$35.30B C$35.68B
-Other Intangible Assets C$3.97B C$4.00B C$3.99B C$3.99B C$4.26B
Non-Current Deferred Assets C$940.00M C$851.00M C$701.00M C$701.00M C$703.00M
Other Non-Current Assets C$12.81B C$12.36B C$12.44B C$12.44B C$11.98B
Total Liabilities C$163.54B C$160.45B C$153.29B C$153.29B C$148.90B
Total Current Liabilities C$24.58B C$23.31B C$21.00B C$21.00B C$15.04B
Payables C$10.18B C$9.86B C$10.64B C$10.64B C$6.54B
-Accounts Payable C$10.13B C$9.81B C$7.56B C$7.56B C$6.52B
-Due to Related Parties Current C$51.00M C$49.00M C$38.00M C$38.00M C$22.00M
Current Accrued Expenses C$1.26B C$1.21B C$1.18B C$1.18B C$1.20B
Short-Term Debt and Capital Lease Obligation C$8.28B C$6.52B C$6.29B C$6.29B C$3.11B
-Current Debt C$8.28B C$6.52B C$6.29B C$6.29B C$3.11B
Other Current Liabilities C$4.85B C$5.72B C$1.57B C$1.57B C$4.19B
Total Non-Current Liabilities C$138.96B C$137.14B C$132.28B C$132.28B C$133.86B
Long Term Debt and Capital Lease Obligation C$103.85B C$103.01B C$98.96B C$98.96B C$100.60B
-Long Term Debt C$103.85B C$103.01B C$98.96B C$98.96B C$100.60B
Non-Current Deferred Liabilities C$21.66B C$21.01B C$20.28B C$20.28B C$20.24B
Convertible preferred securities C$736.00M C$736.00M C$736.00M C$736.00M C$736.00M
Other Non-Current Liabilities C$12.71B C$12.38B C$12.30B C$12.30B C$12.28B
Total Equity C$68.11B C$67.75B C$65.19B C$65.19B C$68.08B
Stockholders' Equity C$65.35B C$64.97B C$62.33B C$62.33B C$65.18B
Capital Stock C$78.77B C$78.76B C$78.69B C$78.69B C$78.65B
-Common Stock C$71.95B C$71.94B C$71.88B C$71.88B C$71.84B
-Preferred Stock C$6.82B C$6.82B C$6.82B C$6.82B C$6.82B
Additional Paid-In Capital C$183.00M C$168.00M C$242.00M C$242.00M C$240.00M
Retained Earnings -C$20.33B -C$19.61B -C$21.28B -C$21.28B -C$19.06B
Gains/Losses Not Affecting Retained Earnings C$6.73B C$5.65B C$4.68B C$4.68B C$5.35B
Minority Interests C$2.76B C$2.78B C$2.86B C$2.86B C$2.89B
-Taxes Receivable – – C$346.00M C$346.00M –
-Gross PPE – – C$172.74B C$172.74B –
-Accumulated Depreciation – – -C$41.14B -C$41.14B –
-Total Tax Payable – – C$901.00M C$901.00M –
-Dividends Payable – – C$2.15B C$2.15B –
Current Provisions – – C$113.00M C$113.00M –
Current Deferred Liabilities – – C$1.21B C$1.21B –

Cash flow

Line item 2026 Q2
(CAD)		 2026 Q1
(CAD)		 2025 ANNUAL
(CAD)		 2025 Q4
(CAD)		 2025 Q3
(CAD)
Operating Cash Flow C$4.11B C$2.34B C$12.27B C$3.11B C$2.87B
Net cash flow from continuing operations C$4.11B C$2.34B C$12.27B C$3.11B C$2.87B
Net Income from Continuing Operations C$1.57B C$1.78B C$7.79B C$2.13B C$847.00M
Gain/Loss from Continuing Operations -C$1.05B C$352.00M -C$3.56B -C$871.00M -C$73.00M
Depreciation & Depletion & Amortization C$1.43B C$1.43B C$5.66B C$1.46B C$1.40B
Deferred Tax C$184.00M C$271.00M C$1.03B C$81.00M C$153.00M
Other Non-Cash Items C$237.00M -C$33.00M C$122.00M C$213.00M -C$47.00M
Change in Working Capital C$1.23B -C$1.92B -C$1.41B -C$666.00M C$102.00M
Net cash flow from investing -C$3.07B -C$2.83B -C$10.50B -C$3.32B -C$2.54B
Net Cash Flow from Continuing Investing Activities -C$3.07B -C$2.83B -C$10.50B -C$3.32B -C$2.54B
Capital Expenditure -C$2.98B -C$2.44B -C$8.97B -C$3.03B -C$2.32B
Net Intangibles Purchase and Sale -C$59.00M -C$76.00M -C$192.00M C$23.00M -C$91.00M
Net Business Purchase and Sale C$0.00 C$0.00 C$349.00M C$0.00 C$219.00M
Net Investment Purchase and Sale -C$210.00M -C$503.00M -C$2.32B -C$455.00M -C$487.00M
Net Other Investing Changes -C$10.00M -C$20.00M -C$46.00M -C$5.00M -C$6.00M
Financing Cash Flow -C$823.00M C$1.11B -C$2.40B -C$108.00M -C$126.00M
Net Cash Flow from Continuing Financing Activities -C$823.00M C$1.11B -C$2.40B -C$108.00M -C$126.00M
Net Issuance Payments Of Debt C$1.52B C$3.48B C$5.95B C$2.17B C$1.41B
Net Common Stock Issuance C$0.00 C$0.00 C$28.00M C$20.00M C$2.00M
Cash Dividends Paid -C$2.23B -C$2.22B -C$8.64B -C$2.16B -C$2.16B
Net Other Financing Charges -C$121.00M -C$141.00M C$266.00M -C$137.00M C$624.00M
Ending Cash Balance C$2.21B C$1.97B C$1.32B C$1.32B C$1.65B
Net Change in Cash C$218.00M C$628.00M -C$633.00M -C$313.00M C$203.00M
Beginning Cash Balance C$1.97B C$1.32B C$2.00B C$1.65B C$1.42B
Effect of Exchange Rate Changes C$24.00M C$22.00M -C$47.00M -C$19.00M C$27.00M
Free Cash Flow C$1.08B -C$173.00M C$3.11B C$105.00M C$456.00M
-Change in Receivables – – -C$519.00M – –
-Change in Inventory – – -C$166.00M – –
-Change in Payables and Accrued Expense – – C$329.00M – –
-Change in Other Current Assets – – -C$89.00M – –
-Change in Other Current Liabilities – – -C$960.00M – –
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