SequelSEC

ENBRIDGE INC ENB

Pipe Lines (No Natural Gas) · CIK 0000895728 · Fiscal year ends 1231

AnnualQuarterlyTTM

Figures are reported in CAD, not US dollars, and are shown as filed. Nothing here is converted, so comparing them with a dollar figure compares two different currencies.

Revenue
CAD 65.19B
Fiscal year ended 2025-12-31
Operating income
CAD 10.96B
Fiscal year ended 2025-12-31
Free cash flow
CAD 3.30B
Fiscal year ended 2025-12-31

ENBRIDGE INC (ENB) reported revenue of $65.19B and net income of $7.49B for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from ENBRIDGE INC’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Pipe Lines (No Natural Gas).

Income

ENBRIDGE INC income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
RevenueCAD 65.19BCAD 53.47BCAD 43.65BCAD 53.31BCAD 47.07BCAD 39.09BCAD 50.07BCAD 46.38BCAD 44.38BCAD 34.56B
Cost of revenueUnavailableUnavailableCAD 21.37BCAD 32.59BCAD 28.70BCAD 20.67BCAD 31.00BCAD 29.40BCAD 28.64BCAD 24.00B
Gross profitUnavailableUnavailableUnavailableUnavailableCAD 18.37BCAD 18.42BCAD 19.06BCAD 16.98BCAD 15.74BCAD 10.56B
Operating incomeCAD 10.96BCAD 9.65BCAD 8.65BCAD 5.18BCAD 7.80BCAD 7.96BCAD 8.26BCAD 4.82BCAD 1.57BCAD 2.58B
Net incomeCAD 7.49BCAD 5.44BCAD 6.19BCAD 3.00BCAD 6.19BCAD 3.36BCAD 5.70BCAD 2.88BCAD 2.86BCAD 2.07B
Research & developmentUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Weighted-average diluted sharesshares 2.19Bshares 2.16Bshares 2.06Bshares 2.03Bshares 2.02Bshares 2.02Bshares 2.02Bshares 1.73Bshares 1.53Bshares 918.00M
Pretax incomeCAD 9.79BCAD 7.30BCAD 7.88BCAD 4.54BCAD 7.73BCAD 4.19BCAD 7.54BCAD 3.57BCAD 569.00MCAD 2.45B
Income tax expenseCAD 2.00BCAD 1.67BCAD 1.82BCAD 1.60BCAD 1.42BCAD 774.00MCAD 1.71BCAD 237.00M-CAD 2.70BCAD 142.00M
Diluted EPSCAD 3.22CAD 2.34CAD 2.84CAD 1.28CAD 2.87CAD 1.48CAD 2.63CAD 1.46CAD 1.65Unavailable
Selling, general & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
General & administrativeCAD 9.97BCAD 9.43BCAD 8.60BCAD 8.22BCAD 6.71BCAD 6.75BCAD 6.99BCAD 6.79BCAD 6.44BCAD 4.36B
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

ENBRIDGE INC balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Cash & equivalentsCAD 1.09BCAD 1.80BCAD 5.90BCAD 861.00MCAD 286.00MCAD 452.00MCAD 648.00MCAD 518.00MCAD 480.00MCAD 1.49B
Total assetsCAD 218.48BCAD 218.97BCAD 180.32BCAD 179.61BCAD 168.86BCAD 160.28BCAD 163.16BCAD 166.90BCAD 162.09BCAD 85.21B
Current assetsCAD 13.20BCAD 13.16BCAD 14.40BCAD 12.15BCAD 8.96BCAD 7.35BCAD 8.71BCAD 8.57BCAD 9.22BCAD 7.79B
Total liabilitiesCAD 152.55BCAD 150.08BCAD 115.83BCAD 116.21BCAD 105.50BCAD 95.91BCAD 93.75BCAD 93.47BCAD 92.29BCAD 59.85B
Current liabilitiesCAD 21.00BCAD 23.81BCAD 17.44BCAD 20.30BCAD 18.23BCAD 13.98BCAD 15.90BCAD 14.86BCAD 14.62BCAD 12.34B
Total equity incl. NCICAD 65.19BCAD 68.89BCAD 64.48BCAD 63.40BCAD 63.37BCAD 64.36BCAD 69.41BCAD 73.44BCAD 65.73BCAD 21.96B
Temporary (mezzanine) equityCAD 736.00MCAD 0UnavailableUnavailableUnavailableUnavailableUnavailableCAD 0CAD 4.07BCAD 3.39B
InventoryCAD 1.62BCAD 1.49BCAD 1.48BCAD 2.26BCAD 1.67BCAD 1.54BCAD 1.30BCAD 1.34BCAD 1.53BCAD 1.23B
Accounts receivableCAD 3.80BCAD 3.76BCAD 2.80BCAD 3.18BCAD 2.37BCAD 2.04BCAD 2.10BCAD 1.93BUnavailableUnavailable
GoodwillCAD 35.28BCAD 36.60BCAD 31.85BCAD 32.44BCAD 32.78BCAD 32.69BCAD 33.15BCAD 34.46BCAD 34.46BCAD 78.00M
Long-term debtCAD 98.96BCAD 93.41BCAD 74.72BCAD 72.94BCAD 67.96BCAD 62.82BCAD 59.66BCAD 60.33BCAD 60.86BCAD 36.49B
Accounts payableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Cash flow

ENBRIDGE INC cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Operating cash flowCAD 12.27BCAD 12.60BCAD 14.20BCAD 11.23BCAD 9.26BCAD 9.78BCAD 9.40BCAD 10.50BCAD 6.66BCAD 5.20B
Capital expendituresCAD 8.97BCAD 6.71BCAD 4.65BCAD 4.65BCAD 7.82BCAD 5.40BCAD 5.49BCAD 6.81BCAD 8.29BCAD 5.13B
Investing cash flow-CAD 10.50B-CAD 20.36B-CAD 6.04B-CAD 5.27B-CAD 10.66B-CAD 5.18B-CAD 4.66B-CAD 3.02B-CAD 11.04B-CAD 5.15B
Financing cash flow-CAD 2.40BCAD 3.54B-CAD 2.86B-CAD 5.43BCAD 1.24B-CAD 4.77B-CAD 4.74B-CAD 7.50BCAD 3.48BCAD 840.00M
Net change in cash-CAD 680.00M-CAD 3.98BCAD 5.08BCAD 587.00M-CAD 170.00M-CAD 186.00MCAD 39.00MCAD 50.00M-CAD 975.00MCAD 874.00M
Stock-based compensationUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Common dividends paidCAD 8.22BCAD 7.88BCAD 7.28BCAD 6.97BCAD 6.77BCAD 6.56BCAD 5.97BCAD 3.48BCAD 2.75BCAD 1.15B
Common share repurchasesCAD 0CAD 0CAD 125.00MCAD 151.00MCAD 0CAD 0UnavailableUnavailableUnavailableUnavailable
Depreciation & amortizationCAD 5.66BCAD 5.17BCAD 4.61BCAD 4.32BCAD 3.85BCAD 3.71BCAD 3.39BCAD 3.25BCAD 3.16BCAD 2.24B

Derived

ENBRIDGE INC derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Free cash flowCAD 3.30BCAD 5.89BCAD 9.55BCAD 6.58BCAD 1.44BCAD 4.38BCAD 3.91BCAD 3.70B-CAD 1.63BCAD 77.00M
Gross marginUnavailableUnavailableUnavailableUnavailable39.0%47.1%38.1%36.6%35.5%30.5%
Operating margin16.8%18.0%19.8%9.7%16.6%20.4%16.5%10.4%3.5%7.5%
FCF margin5.1%11.0%21.9%12.3%3.1%11.2%7.8%8.0%-3.7%0.2%
SBC / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Current ratio0.63x0.55x0.83x0.60x0.49x0.53x0.55x0.58x0.63x0.63x
Revenue YoY growth21.9%22.5%-18.1%13.3%20.4%-21.9%8.0%4.5%28.4%Unavailable
Net margin11.5%10.2%14.2%5.6%13.1%8.6%11.4%6.2%6.4%6.0%
R&D / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
CapEx / revenue13.8%12.6%10.7%8.7%16.6%13.8%11.0%14.7%18.7%14.8%
Long-term debt / equity1.52x1.36xUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rate20.5%22.9%23.1%35.3%18.3%18.5%22.7%6.6%-474.0%5.8%

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open ENB in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-07-31View SEC filing
10-Q · Filed 2026-05-08View SEC filing
10-K · Filed 2026-02-13View SEC filing
10-Q · Filed 2025-11-07View SEC filing
10-Q · Filed 2025-08-01View SEC filing
10-Q · Filed 2025-05-09View SEC filing

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Reconciliation checks needing review

2 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.

gross profit bridgeinconsistent2023-12-31

Withheld: gross profit could not be reconciled with the rest of this filer’s statement.

gross profit bridgeinconsistent2022-12-31

Withheld: gross profit could not be reconciled with the rest of this filer’s statement.