ENB

Enbridge
D

ENB

Arincen43/100B

If you had invested in Enbridge ago, it would be worth $2,174 today, against $4,096 in SPY and $6,368 in QQQ.

ArincenArincen ScoreBeta

43/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash4

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation4

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength0

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders4

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2025; the price as of today.

Enbridge key facts

Style
Dividend stock · 7.7/10Growth 3.9 · Value 3.7 · Dividend 7.7
Day range
47.460 – 47.720
52-week range
45.030 – 58.450
Market capitalization
106.26B USD
P/E
20.50
PEG ratio
9.90
EPS
2.33
Div Yield
5.71%
EPS growth forecast (FY2026)
-6.2%
Volume
8,522
Beta
0.79
ESG score
65.6/100Environment 54 · Social 65 · Governance 78
Sector
Energy
Industry
Oil & Gas Midstream
CEO
Gregory L. Ebel
Employees
15K
IPO date
15 Mar 1984

Enbridge earnings

Next earnings · Q4 FY2026
EPS estimate
0.60 USD
Revenue estimate
11.26B USD
Last quarter · Q3 FY2026
EPS0.39Beat +8.3%Revenue12.01BBeat +24.8%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q3 FY20270.40——+2.90%10.02B——-16.56%
Q2 FY20270.47——+2.41%10.55B——-48.88%
Q1 FY20270.70——-1.57%14.49B——-9.86%
Q4 FY20260.60——-4.76%11.26B——-9.96%
Q3 FY20260.360.39+8.33%+18.18%9.62B12.01B+24.83%-17.93%
Q2 FY20260.430.46+6.98%-2.13%8.67B20.64B+138.05%+89.72%
Q1 FY20260.690.71+2.90%-1.39%9.70B16.07B+65.74%+23.71%
Q4 FY20250.600.63+5.00%+18.87%6.16B12.51B+102.99%+11.00%
Q3 FY20250.390.33-15.38%-17.50%9.08B14.64B+61.15%+33.88%
Q2 FY20250.410.47+14.63%+11.90%7.05B10.88B+54.33%+31.09%

Analysts' estimates for FY2026 over the last 7 days:EPS Revenue How the estimates moved

Enbridge analyst forecast

12-month price target
61.63 USD
+29.27%

Analysts' 1-year price targets range from 50.00 to 79.50, with an average of 61.63.

Past year
1-year forecast
Strong sellStrong buy
Buy
1 ratings
Buy
1
Hold
0
Sell
0

12-month price target

Highest target79.50
Average target61.63
Lowest target50.00
Current price47.68

Enbridge valuation

Price to earnings ratio (TTM)
20.50
Forward P/E (FY2026)
23.63
Price to sales (TTM)
1.81
Price to book
2.24
EV / EBITDA (TTM)
19.62

Capital structure

Market capitalization
106.26B USD
+
Total debt
80.12B USD
−
Cash and short-term investments
3.43B USD
=
Enterprise value
182.95B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)19.74————
FY2027 (est.)21.9119.74———
FY2026 (est.)23.6321.91———
Now (TTM)20.5022.121.812.2419.62
FY202520.2622.812.191.6714.06
FY202426.0820.882.462.0013.72
FY202316.7917.022.251.6010.60
FY202241.3718.942.011.7915.50
FY202117.2113.652.121.6412.27

Enbridge against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: The Williams Companies, Enterprise Products Partners L.P., Kinder Morgan, Targa Resources, MPLX Lp, and Cheniere Energy, the US Oil & Gas Midstream companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Below its median20.5
    15.844.8
  • Gross marginAt its median33.0%
    30.8%40.5%
    Against its peers: 4 of 7Peers' median 35.9%
  • Operating marginAt its median16.8%
    9.7%19.8%
    Against its peers: 6 of 7Peers' median 27.7%
  • Net marginAt its median11.5%
    5.6%14.2%
    Against its peers: 5 of 7Peers' median 20.0%
  • Return on equityAt its median8.8%
    5.0%10.2%
    Against its peers: 7 of 7Peers' median 27.4%
  • Free cash flow marginBelow its median4.8%
    2.5%21.4%
    Against its peers: 6 of 7Peers' median 10.5%
  • Revenue growthAbove its median21.9%
    -18.1%22.5%
    Against its peers: 2 of 7Peers' median 10.4%
  • EPS growthAt its median38.5%
    -55.4%121.9%
    Against its peers: 3 of 7Peers' median 17.3%
  • Debt to EBITDAHighest in 5 years7.14×
    4.97×7.14×
    Against its peers: 7 of 7Peers' median 3.61×
  • Current ratioLowest in 5 years0.46
    0.460.83
    Against its peers: 7 of 7Peers' median 0.80

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Enbridge growth and profitability

Revenue (TTM)
83.60B CAD
Net income (TTM)
6.73B CAD
Gross margin
22.17%
Operating margin
12.39%
Net margin
8.05%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY202565.19B+21.92%7.49B+37.68%32.97%16.81%11.49%20.45B+21.22%
FY202453.47B+22.51%5.44B-12.11%36.03%18.04%10.18%16.87B+3.17%
FY202343.65B-18.12%6.19B+106.16%40.48%19.82%14.18%16.35B+35.31%
FY202253.31B+13.25%3.00B-51.48%30.77%9.71%5.63%12.08B-15.42%
FY202147.07B+20.43%6.19B+84.03%30.84%16.58%13.15%14.29B+32.94%

Enbridge revenue breakdown

By product

FY2025
Commodity Sales: 53.9%Transportation Revenue: 27.4%Gas Distribution Revenue: 15.0%Storage and Other Revenue: 2.4%Other Revenue: 1.3%53.9%Commodity Sales27.4%Transportation Revenue15.0%Gas Distribution Revenue2.4%Storage and Other Revenue1.3%Other Revenue
SegmentRevenueShare of revenueChange on the year
Commodity Sales35.01B53.9%+30.4%
Transportation Revenue17.78B27.4%+1.5%
Gas Distribution Revenue9.77B15.0%—
Storage and Other Revenue1.54B2.4%+15.0%
Other Revenue851.00M1.3%+26.3%

By region

FY2025
United States: 64.6%Canada: 35.4%64.6%United States35.4%Canada
RegionRevenueShare of revenueChange on the year
United States42.12B64.6%+33.8%
Canada23.08B35.4%+4.9%

How Enbridge makes its money

Commodity Sales35.01B 53.7%
Transportation Revenue17.78B 27.3%
Gas Distribution Revenue9.77B 15.0%
Storage and Other Revenue1.54B 2.4%
Other Revenue851.00M 1.3%
Revenue65.19B 100.0%
Cost of revenue43.70B 67.0%
Gross profit21.50B 33.0%
Other operating expenses10.54B 16.2%
Operating income10.96B 16.8%
Tax2.00B 3.1%
Other expense1.46B 2.2%
Net income7.49B 11.5%

FY2025, in CAD. Each band is as wide as its money; the percentage is its share of revenue.

Enbridge dividends

Annual dividend
2.72 USD
Dividend yield (indicated)
5.71%
Payout ratio
149.04%
Years of dividend growth
4
Frequency
Quarterly
Next payment
0.68 USD
Last ex-dividend date
13 Nov 2026
Next payment date
1 Dec 2026

Dividends per share

Year2025202420232022202120202019201820172016
Dividends per share2.692.672.632.652.682.412.212.081.851.59

Enbridge financial health

Cash and short-term investments
4.90B CAD
Total debt
114.28B CAD
Net cash
-109.39B CAD
Free cash flow (TTM)
1.35B CAD
Current ratio
0.55
Debt to equity
1.69
Piotroski score
5 / 9
Altman Z-score
0.87

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY20251.09B145.99B3.11B
FY20241.80B101.67B5.67B
FY20235.90B81.20B9.33B
FY2022861.00M80.98B6.41B
FY2021286.00M75.64B1.16B

Enbridge ownership

Institutions
49.17%
Institutional holders
1,574 (+12)
Free float
99.82%

Who owns the shares

Institutions 49.2% Others 50.8%
As of 30 Jun 2026

Shares free to trade

Free float 2.22B shares ·99.8% Closely held 4.01M shares ·0.2%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 20180015.80K0.00

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY20252.18B2.19B+1.30%
FY20242.16B2.16B+4.86%
FY20232.06B2.06B+1.43%
FY20222.03B2.03B+0.20%
FY20212.02B2.03B+0.20%

Source: Financial Modeling Prep

Related Instruments

Title: Enbridge

Sector: Energy
Industry: Oil & Gas Midstream
Enbridge owns extensive midstream assets that transport hydrocarbons across the US and Canada. Its pipeline network consists of the Canadian Mainline system, regional oil sands pipelines, and natural gas pipelines. The company also operates regulated natural gas utilities in the US and Canada, including Canada's largest natural gas distribution company. The firm has a small renewable energy portfolio primarily focused on onshore and offshore wind projects.

Common questions about Enbridge stock