ENB Stock - Enbridge Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $53.47B | $43.65B | $53.31B | $47.07B | $39.09B |
| Gross Profit | $19.27B | $17.67B | $16.40B | $14.52B | $14.71B |
| Gross Margin | 36.0% | 40.5% | 30.8% | 30.8% | 37.6% |
| Operating Income | $9.65B | $8.65B | $5.18B | $7.80B | $7.96B |
| Net Income | $5.44B | $6.19B | $3.00B | $6.19B | $3.36B |
| Net Margin | 10.2% | 14.2% | 5.6% | 13.1% | 8.6% |
| EPS | $2.34 | $2.84 | $1.28 | $2.87 | $1.48 |
Enbridge Inc. operates as an energy infrastructure company. The company operates through five segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. The Liquids Pipelines segment operates pipelines and related terminals to transport various grades of crude oil and other liquid hydrocarbons in Canada and the United States. The Gas Transmission and Midstream 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 and energy transportation activities in Quebec. The Renewable Power Generation segment operates power generating assets, such as wind, solar, geothermal, and waste heat recovery facilities; and transmission assets in North America and Europe. The Energy Services segment provides energy marketing services to refiners, producers, and other customers; and physical commodity marketing and logistical services in Canada and the United States. 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.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| July 23rd 2025 | Jefferies | Upgrade | Buy | - |
| April 4th 2025 | Citigroup | Initiation | Buy | - |
| January 15th 2025 | TD Securities | Initiation | Buy | - |
| November 6th 2024 | Wells Fargo | Upgrade | Equal Weight | - |
| October 25th 2024 | Morgan Stanley | Resumed | Equal Weight | - |
| September 30th 2024 | Jefferies | Downgrade | Hold | - |
| February 27th 2024 | Jefferies | Initiation | Buy | - |
| January 18th 2024 | Stifel | Initiation | Hold | - |
| October 25th 2023 | Wells Fargo | Downgrade | Underweight | - |
| October 17th 2023 | Wolfe Research | Downgrade | Underperform | - |
| September 12th 2023 | National Bank Financial | Resumed | Sector Perform | - |
| September 11th 2023 | BMO Capital Markets | Resumed | Market Perform | $52← $54 |
| September 8th 2023 | BMO Capital Markets | Resumed | Market Perform | $52← $54 |
| September 6th 2023 | Wells Fargo | Downgrade | Equal Weight | - |
| March 29th 2023 | Credit Suisse | Upgrade | Neutral | - |
Earnings History & Surprises
ENBEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q1 2026 | Feb 13, 2026 | $0.57 | — | — | — |
Q4 2025 | Nov 7, 2025 | $0.39 | $0.33 | -15.4% | ✗ MISS |
Q3 2025 | Aug 1, 2025 | $0.41 | $0.47 | +14.6% | ✓ BEAT |
Q2 2025 | May 9, 2025 | $0.68 | $0.72 | +5.9% | ✓ BEAT |
Q1 2025 | Feb 14, 2025 | $0.52 | $0.53 | +1.9% | ✓ BEAT |
Q4 2024 | Nov 1, 2024 | $0.40 | $0.40 | 0.0% | = MET |
Q3 2024 | Aug 2, 2024 | $0.45 | $0.42 | -6.7% | ✗ MISS |
Q2 2024 | May 10, 2024 | $0.59 | $0.68 | +15.3% | ✓ BEAT |
Q1 2024 | Feb 9, 2024 | $0.50 | $0.47 | -6.0% | ✗ MISS |
Q4 2023 | Nov 3, 2023 | $0.43 | $0.46 | +7.0% | ✓ BEAT |
Q3 2023 | Aug 4, 2023 | $0.51 | $0.51 | 0.0% | = MET |
Q2 2023 | May 5, 2023 | $0.62 | $0.63 | +1.6% | ✓ BEAT |
Q1 2023 | Feb 10, 2023 | $0.56 | $0.46 | -17.9% | ✗ MISS |
Q4 2022 | Nov 4, 2022 | $0.50 | $0.51 | +2.0% | ✓ BEAT |
Q3 2022 | Jul 29, 2022 | $0.56 | $0.53 | -5.4% | ✗ MISS |
Q2 2022 | May 6, 2022 | $0.67 | $0.66 | -1.5% | ✗ MISS |
Q1 2022 | Feb 11, 2022 | $0.61 | $0.54 | -11.5% | ✗ MISS |
Q4 2021 | Nov 5, 2021 | $0.46 | $0.47 | +2.2% | ✓ BEAT |
Q3 2021 | Jul 30, 2021 | $0.44 | $0.55 | +25.0% | ✓ BEAT |
Q2 2021 | May 7, 2021 | $0.56 | $0.62 | +10.7% | ✓ BEAT |
Latest News
Enbridge Raises Its Annual Dividend 3% To $3.88 Per Share Starting March 1, 2026.
📈 PositiveEnbridge Guides 2026 Adjusted EBITDA To $20.2B–$20.8B And DCF Per Share To $5.70–$6.10.
📈 PositiveEnbridge Reaches Investment Decision On MLO1 Project, MLO1 To Add Capacity To Mainline Network And Flanagan South Pipeline
📈 PositiveEnbridge dips after rallying for six straight sessions
➖ NeutralRBC Capital Maintains Outperform on Enbridge, Raises Price Target to C$72
📈 PositiveRBC Capital Maintains Outperform on Enbridge, Raises Price Target to $72
📈 PositiveScotiabank Maintains Sector Perform on Enbridge, Raises Price Target to C$70
📈 PositiveEnbridge Q3 Adj. EPS $0.33 Misses $0.39 Estimate, Sales $10.633B Miss $10.860B Estimate
📉 NegativeEnbridge Q3 Adj. EPS $0.46, Inline
➖ NeutralScotiabank Maintains Sector Perform on Enbridge, Raises Price Target to C$69
📈 PositiveCIBC Downgrades Enbridge to Neutral, Raises Price Target to C$70
➖ NeutralBarclays Maintains Equal-Weight on Enbridge, Raises Price Target to C$68
➖ Neutral'Enbridge CEO Says Canada Is Losing Investments to US Projects'- Bloomberg
📉 NegativeAlberta Government Says Alberta To Submit Application For Crude Oil Pipeline To Canada's Major Projects Office By Spring 2026; Alberta Will Lead Early Planning And Engineering Work To Determine Route, Size And Cost Of Proposed Pipeline To B.C. Northwest Coast; Pipeline Companies Enbridge, Trans Mountain Corp And South Bow Will Provide Technical Advice; Alberta Will Invest C$14 Million In Project; No Company Has Committed To Building Pipeline
➖ NeutralWhiteWater, ONEOK, MPLX And Enbridge Announce Eiger Express Pipeline Final Investment Decision With 450 Miles Of Pipeline From Permian Basin
📈 PositiveEnbridge set for seven straight sessions of gains
📈 PositiveFrequently Asked Questions about ENB
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