Enbridge Inc.

Enbridge Inc.

ENB
Enbridge Inc.US flagNew York Stock Exchange
54.05
CAD
-0.03
- -
118.03BMarket Cap
Enbridge Inc.
ENB
(New York Stock Exchange)

Recent

price

54.05

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
29.08
35.67
31.94
40.84
45.41
39.9
37.94
29.1
26.9
24.82
19.35
23.27
26.33
21.23
24.81
29.91
31.66
Revenue per Share
1.28
1.07
0.78
0.55
1.39
-0.04
1.95
1.66
1.46
2.64
1.48
2.87
1.28
2.84
2.34
3.24
2.97
Basic EPS, GAAP
-1.66
-0.41
-3.22
-6.33
-9.87
-3.31
-0.05
3.85
5.78
4.56
4.74
4.44
5.46
6.8
5.75
5.54
5.2
Free Cash Flow per Basic Share
0.59
0.72
0.89
1.06
1.2
1.46
1.58
2.02
2.23
3.15
3.44
3.53
3.61
3.71
3.83
3.96
3.99
Dividend per Share
6.4
10.51
10.24
10.29
9.94
8.89
10.73
31.65
34.3
28.97
27.12
26.6
24.33
25.32
23.99
23.21
23.99
Book Value per Share
9.78
11.2
11.09
13.55
12.83
14.47
14.33
13.29
16.74
13.06
10.82
9.31
9.94
10.84
9.69
8.75
9.7
Tangible Book Value per Share
740
751
772
806
829
847
911
1,525
1,724
2,017
2,020
2,023
2,025
2,056
2,155
2,180
2,181
Basic Weighted Avg Shares
21,520
26,789
24,660
32,918
37,641
33,794
34,560
44,378
46,378
50,069
39,087
47,071
53,309
43,649
53,473
65,194
69,049
Sales/Revenue/Turnover
9.49
9.25
6.47
5.25
8.78
7.1
11.45
13.83
14.96
17.34
20.36
16.58
15.35
20.78
18.4
17.68
16.05
Operating Margin (%)
1,017
1,147
1,236
1,370
1,577
2,024
2,240
3,163
3,246
3,391
3,712
3,852
4,317
4,613
5,167
5,661
5,686
Depreciation Expense
951
814
707
629
1,405
251
2,069
2,859
2,882
5,705
3,363
6,189
3,003
6,191
5,441
7,491
6,905
Net Income, GAAP
22.52
25.99
14.42
20.07
28.12
1,545.45
5.79
- -
6.64
22.67
18.47
18.31
35.31
23.11
22.85
20.46
21.11
Effective Tax Rate (%)
4.42
3.04
2.87
1.91
3.73
0.74
5.99
6.44
6.21
11.39
8.6
13.15
5.63
14.18
10.18
11.49
10
Profit Margin (%)
406
-518
-469
-3,778
-1,300
-3,217
-4,556
-5,409
-6,283
-7,185
-6,629
-9,270
-8,154
-3,036
-10,649
-7,809
-4,452
Working Capital
14,622
19,251
20,203
22,357
33,423
39,391
36,494
60,865
60,327
59,661
62,819
67,961
72,939
74,715
93,414
98,963
103,007
LT Debt
8,223
10,615
13,504
17,510
18,801
20,198
21,963
65,732
73,435
69,407
64,363
63,368
63,398
64,483
68,893
65,188
67,752
Total Equity
6.94
6.72
4.09
3.49
4.8
-58.63
5.91
- -
4.79
4.9
4.86
4.7
3.72
4.79
4.77
5.35
4.97
Return on Invested Capital (%)
8.78
4.02
3.37
3.72
4.12
-41.32
5.72
- -
3.84
5.7
4.22
6.08
3.68
6.55
5.64
6.79
6.25
Return on Capital (%)
20.67
12.69
7.62
5.51
13.96
-0.47
20.52
8.71
4.68
9.05
5.27
10.71
5.02
11.52
9.74
13.83
12.19
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
3,107
6,289
6,518
LT Borrowings
100,602
98,963
103,007
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
6,818
6,818
6,818
Shares Outstanding
2,181
2,182
2,184
Market Capitalization
110,003
104,269
118,079

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
12,080
13,195
18,859
Cash, Cash Equivalents & STI
1,408
1,094
1,635
Accounts Receivable, Net
5,861
7,081
10,440
Inventories
1,904
1,621
1,846
Total Current Liabilities
15,041
21,004
23,311
Payables & Accruals
7,742
11,820
11,072
ST Debt
3,107
6,289
6,518
Deferred Revenue
- -
1,214
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
20.87%
0.33%
-5.38%
Free Cash Flow
-1,184.06%
5.91%
-2.45%
Net Income, GAAP
98.45%
32.86%
37.68%
Sales/Revenue/Turnover
8.12%
12%
21.92%
Total Cash Common Dividend
29.14%
4.64%
4.39%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
11,038
11,336
14,882
16,217
53,473
2025
18,502
14,876
14,639
17,177
65,194
2026
22,357
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.67
0.86
0.59
- -
2.34
2025
1.04
1
0.31
- -
3.24
2026
0.77
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.96
0.95
0.96
- -
3.83
2025
0.99
0.99
0.99
- -
3.96
2026
1.02
- -
- -
- -
- -
Business
Enbridge Inc. operates as a leading North American energy infrastructure company, transporting and distributing crude oil, natural gas and related products while generating renewable power. The company manages five principal business segments: Liquids Pipelines, which encompasses the world's longest crude oil and liquids pipeline system spanning approximately 18,085 miles across Canada and the United States including the Canadian Mainline, Regional Oil Sands System, Gulf Coast and Mid-Continent systems, Southern Lights Pipeline, Spearhead Pipeline and Seaway Crude Pipeline interest; Gas Transmission and Midstream, featuring natural gas pipelines, gathering and processing facilities, offshore pipelines such as the Venice Extension and Matterhorn Express, and storage assets like Aitken Creek, Egan and Moss Bluff; Gas Distribution and Storage, serving residential, commercial and industrial customers through Enbridge Gas in Ontario and Quebec as well as U.S. utilities including Enbridge Gas Ohio, Enbridge Gas Utah and Enbridge Gas North Carolina; Renewable Power Generation, with wind, solar, geothermal, waste heat recovery and transmission assets producing electricity equivalent to powering about 1.9 million homes; and Energy Services, providing physical commodity marketing, logistics and refinery supply. Founded in 1949 and headquartered in Calgary, Alberta, Canada, Enbridge conducts operations primarily in Canada and the United States with additional investments in offshore wind in Europe and emerging technologies including clean hydrogen, renewable natural gas and carbon capture and storage. In recent developments, the company completed its $19 billion acquisition of three U.S. gas utilities in 2024, enhancing its position as North America's largest natural gas utility; sanctioned approximately $3 billion in growth projects during the third quarter of 2025 including the Southern Illinois Connector offering 100 thousand barrels per day of contracted liquids service, expansions of Canyon System Pipelines and U.S. Gulf Coast storage facilities, the Algonquin Gas Transmission Enhancement, Eiger Express Pipeline and Pelican CO2 Hub in partnership with Occidental Petroleum; achieved positive rate case settlements for Enbridge Gas North Carolina and Utah; brought $5 billion of projects into service in 2024 such as the Fécamp Offshore Wind Project and Tennessee Ridgeline expansion; and issued $1.0 billion in hybrid subordinated notes alongside $800 million in medium-term notes to support capital expenditures and refinancing, reaffirming 2025 financial guidance and a $35 billion secured growth backlog.

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