Symbols / ENB Stock $54.95 +0.20% Enbridge Inc.

Energy • Oil & Gas Midstream • Canada • NYQ
ENB (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
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Index EQUITY
Sector Energy
Industry Oil & Gas Midstream
CEO Mr. Gregory Lorne Ebel
Exch · Country NYQ · Canada
Market Cap 119.99B
Enterprise Value 238.06B
Income 6.46B
Sales 69.05B
FCF (ttm) -1.43B
Book/sh 19.46
Cash/sh 0.78
Employees 14,800
Insider 10d —
IPO Mar 15, 1984
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 128.73%
P/E 25.44
Forward P/E 23.75
PEG 5.73
P/S 1.74
P/B 2.82
P/C —
EV/EBITDA 13.96
EV/Sales 3.45
Quick Ratio 0.53
Current Ratio 0.81
Debt/Eq 160.13
LT Debt/Eq —
EPS (ttm) 2.16
EPS next Y 2.31
EPS Growth -26.20%
Revenue Growth 20.80%
EPS Gr Q/Q -24.80%
Rev Gr Q/Q —
Earnings (next) 2026-07-31
Earnings (prior) 2026-05-08
ROA 3.17%
ROE 10.13%
ROIC —
Gross Margin 38.86%
Oper. Margin 14.73%
Profit Margin 10.00%
Shs Outstand 2.18B
Shs Float 2.18B
Insider Own 0.13%
Instit Own 53.52%
Short Float 0.90%
Short Ratio 4.15
Short Interest 19.56M
52W High 55.49
vs 52W High -0.97%
52W Low 43.59
vs 52W Low 26.06%
Beta 0.79
Impl. Vol. 32.67%
Rel Volume 0.57
Avg Volume 4.57M
Volume 2.63M
Target (mean) $52.52
Tgt Median $51.84
Tgt Low $46.53
Tgt High $59.86
# Analysts 4
Recom Buy
Prev Close $54.84
Price $54.95
Change 0.20%
About

Enbridge Inc., together with its subsidiaries, operates as an energy infrastructure company. The company operates through four segments: Liquids Pipelines, Gas Transmission, Gas Distribution and Storage, and Renewable Power Generation. The Liquids Pipelines segment operates pipelines and related terminals to transport, store, and export various grades of crude oil and other liquid hydrocarbons in Canada and the United States. This segment also provides physical commodity marketing and logistical services, and crude oil marketing services. The Gas Transmission segment invests in natural gas pipelines and gathering and processing facilities in Canada and the United States. The Gas Distribution and Storage segment is involved in natural gas utility operations serving residential, commercial, and industrial customers in Ontario, as well as natural gas distribution activities in Quebec. The Renewable Power Generation segment operates wind, solar, geothermal, waste heat recovery, and transmission assets in North America. The company was formerly known as IPL Energy Inc. and changed its name to Enbridge Inc. in October 1998. Enbridge Inc. was founded in 1949 and is headquartered in Calgary, Canada.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$52.52
Mean price target
2. Current target
$54.95
Latest analyst target
3. DCF / Fair value
$-11.79
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$54.95
Low
$46.53
High
$59.86
Mean
$52.52

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-05-11 main RBC Capital Outperform → Outperform $79
2026-02-17 main RBC Capital Outperform → Outperform $76
2025-11-10 main RBC Capital Outperform → Outperform $72
2025-08-12 main Argus Research Buy → Buy $54
2025-05-12 reit RBC Capital Outperform → Outperform $67
2025-02-18 main RBC Capital Outperform → Outperform $67
2024-12-04 reit RBC Capital Outperform → Outperform $63
2023-10-18 main Barclays Equal-Weight → Equal-Weight $48
2023-10-17 down Wolfe Research Peer Perform → Underperform —
2023-09-12 main National Bank Financial Inc Sector Perform → Sector Perform $53
2023-09-11 main CIBC Outperformer → Outperformer $64
2023-08-08 main TD Securities Buy → Buy $58
2023-08-07 main RBC Capital Outperform → Outperform $60
2023-05-15 main Credit Suisse Neutral → Neutral $58
2022-02-14 down Scotiabank Sector Outperform → Sector Perform —
2022-01-07 down Morgan Stanley Overweight → Equal-Weight —
2021-09-29 main Wells Fargo — → Overweight $56
2021-07-01 up Goldman Sachs Sell → Neutral $41
2020-11-30 up Wells Fargo Equal-Weight → Overweight $46
2020-04-03 main UBS — → Buy $50
News
RSS: Latest ENB news
Insider Transactions

No recent insider transactions.

Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
65,194.00
+21.92%
53,473.00
+22.51%
43,649.00
-18.12%
53,309.00
Operating Revenue
65,194.00
+21.92%
53,473.00
+22.51%
43,649.00
-18.12%
53,309.00
Cost Of Revenue
43,697.00
+27.74%
34,207.00
+31.67%
25,979.00
-29.61%
36,906.00
Reconciled Cost Of Revenue
43,697.00
+27.74%
34,207.00
+31.67%
25,979.00
-29.61%
36,906.00
Gross Profit
21,497.00
+11.58%
19,266.00
+9.03%
17,670.00
+7.72%
16,403.00
Operating Expense
9,969.00
+5.75%
9,427.00
+9.62%
8,600.00
+4.64%
8,219.00
Selling General And Administration
—
—
-135.00
+43.51%
-239.00
General And Administrative Expense
—
—
-135.00
+43.51%
-239.00
Salaries And Wages
—
—
-135.00
+43.51%
-239.00
Other Gand A
—
—
—
8,219.00
Other Operating Expenses
9,969.00
+5.75%
9,427.00
+9.62%
8,600.00
+4.64%
8,219.00
Total Expenses
53,666.00
+22.99%
43,634.00
+26.19%
34,579.00
-23.37%
45,125.00
Operating Income
11,528.00
+17.17%
9,839.00
+8.48%
9,070.00
+10.83%
8,184.00
Total Operating Income As Reported
10,958.00
+13.57%
9,649.00
+11.54%
8,651.00
+67.07%
5,178.00
EBITDA
20,446.00
+21.22%
16,867.00
+3.17%
16,349.00
+35.31%
12,083.00
Normalized EBITDA
20,308.00
+12.55%
18,044.00
+12.24%
16,076.00
+7.07%
15,015.00
Reconciled Depreciation
5,661.00
+9.56%
5,167.00
+12.01%
4,613.00
+6.86%
4,317.00
EBIT
14,785.00
+26.37%
11,700.00
-0.31%
11,736.00
+51.12%
7,766.00
Total Unusual Items
138.00
+111.72%
-1,177.00
-531.14%
273.00
+109.31%
-2,932.00
Total Unusual Items Excluding Goodwill
138.00
+111.72%
-1,177.00
-531.14%
273.00
+109.31%
-2,932.00
Special Income Charges
-570.00
-163.26%
901.00
+315.04%
-419.00
+78.29%
-1,930.00
Impairment Of Capital Assets
570.00
+200.00%
190.00
-54.65%
419.00
-86.06%
3,006.00
Restructuring And Mergern Acquisition
—
0.00
0.00
+100.00%
-1,076.00
Write Off
—
—
—
0.00
Net Income
7,491.00
+37.68%
5,441.00
-12.11%
6,191.00
+106.16%
3,003.00
Pretax Income
9,793.00
+34.17%
7,299.00
-7.36%
7,879.00
+73.47%
4,542.00
Net Non Operating Interest Income Expense
-5,023.00
-13.67%
-4,419.00
-15.92%
-3,812.00
-19.91%
-3,179.00
Interest Expense Non Operating
4,992.00
+13.43%
4,401.00
+14.10%
3,857.00
+19.63%
3,224.00
Net Interest Income
-5,023.00
-13.67%
-4,419.00
-15.92%
-3,812.00
-19.91%
-3,179.00
Interest Expense
4,992.00
+13.43%
4,401.00
+14.10%
3,857.00
+19.63%
3,224.00
Other Income Expense
3,288.00
+74.99%
1,879.00
-28.31%
2,621.00
+666.09%
-463.00
Other Non Operating Income Expenses
926.00
+23.14%
752.00
+41.35%
532.00
+28.81%
413.00
Gain On Sale Of Security
708.00
+134.07%
-2,078.00
-400.29%
692.00
+169.06%
-1,002.00
Gain On Sale Of Business
0.00
-100.00%
1,091.00
0.00
0.00
Tax Provision
2,004.00
+20.14%
1,668.00
-8.40%
1,821.00
+13.53%
1,604.00
Tax Rate For Calcs
0.00
-10.48%
0.00
-0.87%
0.00
-34.56%
0.00
Tax Effect Of Unusual Items
28.29
+110.50%
-269.53
-527.40%
63.06
+106.09%
-1,035.00
Net Income Including Noncontrolling Interests
7,789.00
+38.32%
5,631.00
-7.05%
6,058.00
+106.19%
2,938.00
Net Income From Continuing Operation Net Minority Interest
7,491.00
+37.68%
5,441.00
-12.11%
6,191.00
+106.16%
3,003.00
Net Income From Continuing And Discontinued Operation
7,491.00
+37.68%
5,441.00
-12.11%
6,191.00
+106.16%
3,003.00
Net Income Continuous Operations
7,789.00
+38.32%
5,631.00
-7.05%
6,058.00
+106.19%
2,938.00
Minority Interests
-298.00
-56.84%
-190.00
-242.86%
133.00
+104.62%
65.00
Normalized Income
7,381.29
+16.27%
6,348.47
+6.14%
5,981.06
+22.06%
4,900.00
Net Income Common Stockholders
7,072.00
+39.96%
5,053.00
-13.46%
5,839.00
+125.53%
2,589.00
Diluted EPS
3.22
+37.61%
2.34
-17.61%
2.84
+121.87%
1.28
Basic EPS
3.23
+38.03%
2.34
-17.61%
2.84
+121.87%
1.28
Basic Average Shares
2,180.00
+1.16%
2,155.00
+4.82%
2,056.00
+1.53%
2,025.00
Diluted Average Shares
2,186.00
+1.30%
2,158.00
+4.86%
2,058.00
+1.43%
2,029.00
Diluted NI Availto Com Stockholders
7,072.00
+39.96%
5,053.00
-13.46%
5,839.00
+125.53%
2,589.00
Earnings From Equity Interest
2,224.00
-3.47%
2,304.00
+26.87%
1,816.00
-11.67%
2,056.00
Gain On Sale Of PPE
—
—
15.00
+225.00%
-12.00
Preferred Stock Dividends
419.00
+7.99%
388.00
+10.23%
352.00
-14.98%
414.00
Total Other Finance Cost
31.00
+72.22%
18.00
+140.00%
-45.00
+0.00%
-45.00
Line Item Trend 2023-12-31
Total Assets
180,317.00
Current Assets
14,399.00
Cash Cash Equivalents And Short Term Investments
5,901.00
Cash And Cash Equivalents
5,901.00
Receivables
4,842.00
Accounts Receivable
4,410.00
Receivables Adjustments Allowances
—
Other Receivables
—
Taxes Receivable
347.00
Inventory
1,479.00
Raw Materials
—
Finished Goods
1,351.00
Restricted Cash
84.00
Hedging Assets Current
623.00
Other Current Assets
1,470.00
Total Non Current Assets
165,918.00
Net PPE
104,641.00
Gross PPE
137,199.00
Accumulated Depreciation
-32,558.00
Properties
—
Land And Improvements
3,600.00
Machinery Furniture Equipment
37,634.00
Construction In Progress
2,829.00
Other Properties
93,136.00
Goodwill And Other Intangible Assets
35,385.00
Goodwill
31,848.00
Other Intangible Assets
3,537.00
Investments And Advances
16,793.00
Long Term Equity Investment
16,190.00
Other Investments
173.00
Non Current Deferred Assets
341.00
Non Current Deferred Taxes Assets
341.00
Other Non Current Assets
8,758.00
Total Liabilities Net Minority Interest
115,834.00
Current Liabilities
17,435.00
Payables And Accrued Expenses
7,863.00
Payables
6,905.00
Accounts Payable
4,308.00
Other Payable
—
Dividends Payable
1,975.00
Current Accrued Expenses
958.00
Total Tax Payable
596.00
Current Debt And Capital Lease Obligation
6,484.00
Current Debt
6,484.00
Other Current Borrowings
6,484.00
Current Deferred Liabilities
1,177.00
Current Deferred Revenue
1,177.00
Other Current Liabilities
1,775.00
Total Non Current Liabilities Net Minority Interest
98,399.00
Long Term Debt And Capital Lease Obligation
74,715.00
Long Term Debt
74,715.00
Non Current Deferred Liabilities
15,031.00
Non Current Deferred Taxes Liabilities
15,031.00
Other Non Current Liabilities
8,653.00
Preferred Securities Outside Stock Equity
—
Stockholders Equity
61,454.00
Common Stock Equity
54,636.00
Capital Stock
75,998.00
Common Stock
69,180.00
Preferred Stock
6,818.00
Share Issued
2,125.57
Ordinary Shares Number
2,125.57
Treasury Shares Number
0.00
Additional Paid In Capital
268.00
Retained Earnings
-17,115.00
Gains Losses Not Affecting Retained Earnings
2,303.00
Minority Interest
3,029.00
Other Equity Adjustments
2,303.00
Total Equity Gross Minority Interest
64,483.00
Total Capitalization
136,169.00
Working Capital
-3,036.00
Invested Capital
135,835.00
Total Debt
81,199.00
Net Debt
75,298.00
Net Tangible Assets
26,069.00
Tangible Book Value
19,251.00
Available For Sale Securities
430.00
Current Provisions
136.00
Duefrom Related Parties Current
85.00
Dueto Related Parties Current
26.00
Interest Payable
958.00
Investmentin Financial Assets
430.00
Investments In Other Ventures Under Equity Method
110.00
Investmentsin Associatesat Cost
11,731.00
Investmentsin Joint Venturesat Cost
217.00
Investmentsin Subsidiariesat Cost
4,132.00
Other Inventories
128.00
Preferred Shares Number
277.00
Preferred Stock Equity
6,818.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
12,270.00
-2.62%
12,600.00
-11.27%
14,201.00
+26.46%
11,230.00
Cash Flow From Continuing Operating Activities
12,270.00
-2.62%
12,600.00
-11.27%
14,201.00
+26.46%
11,230.00
Net Income From Continuing Operations
7,789.00
+38.32%
5,631.00
-7.05%
6,058.00
+106.19%
2,938.00
Depreciation Amortization Depletion
5,661.00
+9.56%
5,167.00
+12.01%
4,613.00
+6.86%
4,317.00
Depreciation And Amortization
5,661.00
+9.56%
5,167.00
+12.01%
4,613.00
+6.86%
4,317.00
Other Non Cash Items
122.00
-44.04%
218.00
-42.33%
378.00
+136.81%
-1,027.00
Asset Impairment Charge
570.00
+200.00%
190.00
-54.65%
419.00
-86.06%
3,006.00
Deferred Tax
1,025.00
+42.56%
719.00
-49.37%
1,420.00
+48.38%
957.00
Deferred Income Tax
1,025.00
+42.56%
719.00
-49.37%
1,420.00
+48.38%
957.00
Operating Gains Losses
-3,558.00
-170.98%
-1,313.00
+56.17%
-2,996.00
-286.08%
-776.00
Gain Loss On Investment Securities
-1,334.00
-164.07%
2,082.00
+276.44%
-1,180.00
-192.19%
1,280.00
Change In Working Capital
-1,405.00
-956.39%
-133.00
-105.76%
2,311.00
+19358.33%
-12.00
Change In Receivables
-519.00
+68.75%
-1,661.00
-245.32%
1,143.00
+305.95%
-555.00
Changes In Account Receivables
-519.00
+68.75%
-1,661.00
-245.32%
1,143.00
+305.95%
-555.00
Change In Inventory
-166.00
-193.79%
177.00
-76.80%
763.00
+227.38%
-599.00
Change In Payables And Accrued Expense
329.00
-78.52%
1,532.00
+208.73%
-1,409.00
-313.81%
659.00
Change In Accrued Expense
-54.00
-134.39%
157.00
-21.11%
199.00
+243.10%
58.00
Change In Payable
383.00
-72.15%
1,375.00
+185.51%
-1,608.00
-367.55%
601.00
Change In Account Payable
383.00
-72.15%
1,375.00
+185.51%
-1,608.00
-367.55%
601.00
Change In Other Working Capital
—
—
23.00
+2200.00%
1.00
Change In Other Current Assets
-89.00
+79.11%
-426.00
-132.74%
1,301.00
+430.20%
-394.00
Change In Other Current Liabilities
-960.00
-491.84%
245.00
-52.24%
513.00
-41.51%
877.00
Investing Cash Flow
-10,503.00
+48.42%
-20,363.00
-236.97%
-6,043.00
-14.67%
-5,270.00
Cash Flow From Continuing Investing Activities
-10,503.00
+48.42%
-20,363.00
-236.97%
-6,043.00
-14.67%
-5,270.00
Capital Expenditure
-9,165.00
-32.25%
-6,930.00
-42.12%
-4,876.00
-1.14%
-4,821.00
Capital Expenditure Reported
-8,973.00
-33.71%
-6,711.00
-44.20%
-4,654.00
-0.15%
-4,647.00
Net Investment Purchase And Sale
-2,322.00
+32.03%
-3,416.00
-167.71%
-1,276.00
-22.57%
-1,041.00
Purchase Of Investment
—
—
-1,276.00
-22.57%
-1,041.00
Net Business Purchase And Sale
349.00
+103.25%
-10,748.00
-1026.62%
-954.00
-211.76%
-306.00
Purchase Of Business
0.00
+100.00%
-13,472.00
-1312.16%
-954.00
-15.22%
-828.00
Gain Loss On Sale Of Business
0.00
+100.00%
-1,091.00
0.00
0.00
Net Intangibles Purchase And Sale
-192.00
+12.33%
-219.00
+1.35%
-222.00
-27.59%
-174.00
Purchase Of Intangibles
-192.00
+12.33%
-219.00
+1.35%
-222.00
-27.59%
-174.00
Net Other Investing Changes
-46.00
+14.81%
-54.00
+38.64%
-88.00
-165.19%
135.00
Financing Cash Flow
-2,400.00
-167.72%
3,544.00
+223.74%
-2,864.00
+47.24%
-5,428.00
Cash Flow From Continuing Financing Activities
-2,400.00
-167.72%
3,544.00
+223.74%
-2,864.00
+47.24%
-5,428.00
Net Issuance Payments Of Debt
5,945.00
-38.65%
9,690.00
+1006.16%
876.00
-64.92%
2,497.00
Issuance Of Debt
10,997.00
+14.02%
9,645.00
-37.56%
15,448.00
+104.69%
7,547.00
Repayment Of Debt
-6,849.00
-3.26%
-6,633.00
-37.64%
-4,819.00
-14.79%
-4,198.00
Long Term Debt Issuance
10,997.00
+14.02%
9,645.00
-37.56%
15,448.00
+104.69%
7,547.00
Long Term Debt Payments
-6,849.00
-3.26%
-6,633.00
-37.64%
-4,819.00
-14.79%
-4,198.00
Net Long Term Debt Issuance
4,148.00
+37.72%
3,012.00
-71.66%
10,629.00
+217.38%
3,349.00
Short Term Debt Issuance
—
—
—
—
Net Short Term Debt Issuance
1,797.00
-73.09%
6,678.00
+168.47%
-9,753.00
-1044.72%
-852.00
Net Common Stock Issuance
28.00
-98.87%
2,485.00
-42.54%
4,325.00
+3022.30%
-148.00
Common Stock Payments
0.00
0.00
+100.00%
-125.00
+17.22%
-151.00
Common Stock Dividend Paid
-8,220.00
-4.38%
-7,875.00
-8.23%
-7,276.00
-4.42%
-6,968.00
Cash Dividends Paid
-8,639.00
-4.56%
-8,262.00
-8.31%
-7,628.00
-4.41%
-7,306.00
Repurchase Of Capital Stock
0.00
0.00
+100.00%
-125.00
+89.17%
-1,154.00
Net Other Financing Charges
266.00
+172.09%
-369.00
+15.56%
-437.00
-182.14%
532.00
Changes In Cash
-633.00
+85.00%
-4,219.00
-179.69%
5,294.00
+895.11%
532.00
Effect Of Exchange Rate Changes
-47.00
-120.09%
234.00
+208.33%
-216.00
-492.73%
55.00
Beginning Cash Position
2,000.00
-66.58%
5,985.00
+559.87%
907.00
+183.44%
320.00
End Cash Position
1,320.00
-34.00%
2,000.00
-66.58%
5,985.00
+559.87%
907.00
Free Cash Flow
3,105.00
-45.24%
5,670.00
-39.20%
9,325.00
+45.50%
6,409.00
Interest Paid Supplemental Data
4,924.00
+19.11%
4,134.00
+22.31%
3,380.00
+15.75%
2,920.00
Income Tax Paid Supplemental Data
1,207.00
+40.19%
861.00
+48.96%
578.00
+16.77%
495.00
Change In Interest Payable
-54.00
-134.39%
157.00
-21.11%
199.00
+243.10%
58.00
Common Stock Issuance
28.00
-98.87%
2,485.00
-44.16%
4,450.00
+148233.33%
3.00
Dividend Received CFO
2,066.00
-2.59%
2,121.00
+6.16%
1,998.00
+9.36%
1,827.00
Dividends Received CFI
681.00
-13.25%
785.00
-31.80%
1,151.00
+50.85%
763.00
Earnings Losses From Equity Investments
-2,224.00
+3.47%
-2,304.00
-26.87%
-1,816.00
+11.67%
-2,056.00
Issuance Of Capital Stock
28.00
-98.87%
2,485.00
-44.16%
4,450.00
+148233.33%
3.00
Net Preferred Stock Issuance
—
0.00
0.00
+100.00%
-1,003.00
Preferred Stock Dividend Paid
-419.00
-8.27%
-387.00
-9.94%
-352.00
-4.14%
-338.00
Preferred Stock Payments
—
0.00
0.00
+100.00%
-1,003.00
Sale Of Business
349.00
-87.19%
2,724.00
0.00
-100.00%
522.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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