OakChart

Enbridge Inc

ENBEnergy·Oil & Gas Midstream·Canada·Large·NYSE·Nov 11 • 9:17 AM ET

48.12+0.36 (0.75%)
2026-11-11 15:19 CET
Market cap
106,451.79 USD m
Revenue, TTM
64,674.21 USD m
Net income, TTM
4,546.55 USD m
Free cash flow, TTM
779.94 USD m
EPS diluted, TTM
2.07
P/E
23.20
Compare

Price

ENB against its 20, 50 and 200-day averages
2050200beat
45.0050.0055.006.9M13.9MMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26ENBclose 48.1220-day 48.1650-day 47.94200-day 52.2548.12

17.7% under 58.45 on 22 May 2026. Last 15 sessions, 7.0% high to low

Profile

ENB
52-week range, 23% of the way up
45.0358.45

Enbridge, Inc. engages in the provision of gas and oil. It operates through the following segments: Liquids Pipelines, Gas Transmission, Gas Distribution and Storage, and Renewable Power Generation. The Liquids Pipelines segment consists of pipelines and terminals in Canada and the United States that transport, store and export various grades of crude oil and other liquid hydrocarbons, including the Mainline System, Regional Oil Sands System, and Gulf Coast and Mid-Continent Systems. The Gas Transmission segment include investments in natural gas pipelines and gathering, processing and storage facilities in Canada and U.S., including U.S. Gas Transmission, and Canadian Gas Transmission. The Gas Distribution and Storage segment focuses on rate-regulated natural gas utility operations in Canada and U.S., which service residential, commercial, and industrial customers. The Renewable Power Generation segment consists of investments in wind and solar power generation facilities. The company was founded on April 30, 1949 and is headquartered in Calgary, Canada.

Employees14800
IPONov 03, 1982
Beta0.55
ATR, 14d0.85
Rel volume0.02
Short float2.45%
Insider own0.16%
Inst own49.00%

Snapshot

6 groups

Valuation

Index-
Market Cap107.25B
Enterprise Value191.94B
Income4.55B
Sales64.67B
Book/sh19.20
Cash/sh1.58
Dividend Est.2.76 (5.73%)
Dividend TTM2.79 (5.79%)
Dividend Ex-DateNov 13, 2026
Dividend Gr. 3/5Y0.75% 2.21%
Payout116.53%
Employees14800
IPONov 03, 1982

Ratios

P/E23.20
Forward P/E22.00
PEG7.12
P/S1.66
P/B2.51
P/C30.48
P/FCF137.52
EV/EBITDA15.51
EV/Sales2.97
Quick Ratio0.73
Current Ratio0.81
Debt/Eq1.69
LT Debt/Eq1.56
Option/ShortYes / Yes

Earnings

EPS (ttm)2.07
EPS next Y2.19
EPS next Q0.56
EPS this Y-8.54%
EPS next Y7.94%
EPS next 5Y3.09%
EPS past 3/5Y33.09% 16.03%
Sales past 3/5Y4.32% 9.97%
EPS Y/Y TTM13.53%
Sales Y/Y TTM40.38%
EPS Q/Q84.89%
Sales Q/Q40.87%
EarningsNov 06 BMO
EPS/Sales Surpr.1.34% 52.88%

Ownership

Insider Own0.16%
Insider Trans0.00%
Inst Own49.00%
Inst Trans0.16%
ROA3.00%
ROE10.28%
ROIC3.99%
Gross Margin23.90%
Oper. Margin12.66%
Profit Margin7.03%
SMA20-0.09%
SMA500.38%
SMA200-7.90%
Trades-

Technical

Shs Outstand2.23B
Shs Float2.23B
Short Float2.45%
Short Ratio10.68
Short Interest54.61M
52W High58.45 -17.67%
52W Low45.03 6.87%
Volatility2.38% 1.63%
ATR (14)0.85
RSI (14)50.51
Beta0.55
Rel Volume0.02
Avg Volume5.11M
Volume6,177

Performance

Perf Week-1.35%
Perf Month1.39%
Perf Quarter-6.18%
Perf Half Y-12.81%
Perf YTD0.61%
Perf Year-0.35%
Perf 3Y44.07%
Perf 5Y15.12%
Perf 10Y18.23%
Recom2.19
Target Price55.22
Prev Close47.76
Price48.12
Change %0.75%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Oct 01, 2026ResumedGGoldmanNeutral$50+3.9%
Sep 15, 2026UpgradeNNational Bank FinancialSector Perform → Outperform
Sep 15, 2026UpgradeBBMO Capital MarketsMarket Perform → Outperform
Sep 14, 2026ResumedTTD SecuritiesBuy
Aug 28, 2026UpgradeCCIBCNeutral → Sector Outperform
Jul 31, 2026DowngradeRRaymond JamesOutperform → Mkt Perform
Feb 17, 2026DowngradeTTD SecuritiesBuy → Hold
Feb 17, 2026DowngradeJJefferiesBuy → Hold
Jan 27, 2026DowngradeJJP MorganOverweight → Neutral
Jan 16, 2026UpgradeBScotiabankSector Perform → Sector Outperform

Peers

Mkt cap
TickerCompanyMkt cap
TRPTC Energy Corp66.12B
KMIKinder Morgan Inc70.17B
WMBWilliams Cos Inc85.86B
EPDEnterprise Products Partners L P80.87B
ETEnergy Transfer LP67.35B
PBAPembina Pipeline Corp28.50B
OKEOneok Inc55.58B
MPLXMPLX LP57.86B
PAAPlains All American Pipeline LP16.92B
TRGPTarga Resources Corp61.10B

Held by

AUM
TickerCompanyAUM
MLPXGlobal X MLP & Energy Infrastructure ETFAUM: 3.53B
TPYPTortoise North American Pipeline ETFAUM: 875.89M
DFAIDimensional International Core Equity Market ETF-
UMIUSCF Midstream Energy Income Fund ETFAUM: 520.21M
FVDFirst Trust Value Line Dividend Index FundAUM: 8.21B
PIDInvesco International Dividend Achievers ETFAUM: 881.07M
MDSTWestwood Salient Enhanced Midstream Income ETFAUM: 289.12M
IGEiShares North American Natural Resources ETFAUM: 804.27M
DFICDimensional International Core Equity 2 ETF-
NGIFNuveen Global Infrastructure Fund: ETF Class Shares-

News

latest 14 of 206
  • Indices Hunt for Support After Steep Weekly Losses as Volatility Gauge Stays Elevated (PR Newswire)
  • Enbridge Beats As EBITDA Growth Accelerates, But Equity-Funded Liquids Pivot, 5.1x Leverage And A Dipping Backlog Weigh On The Setup (Earnings Whispers)
  • Enbridge: Q3 Earnings Snapshot (Associated Press)
  • Enbridge Reports Strong Third Quarter Results, Places Over $3 Billion of Gas Transmission Projects Into Service, and Reaffirms 2026 Financial Guidance (PR Newswire)
  • Enbridge Inc. Declares Quarterly Dividends (PR Newswire)
  • Loading…
  • Enbridge Needs Backlog Momentum To Outweigh Mainline Delay And Leverage Concerns In Q3 (Earnings Whispers)
  • Hydrogen, Helium and Natural Gas Are Rising Along the Same Nova Scotia Faults (FinanceWire)
  • Pfizer or Enbridge: Only One Gets My Dividend Dollars for the Next 10 Years (TIKR)
  • Enbridge Inc. to Host Webcast to Discuss 2026 Third Quarter Results on November 6 (PR Newswire)
  • Enbridges Payout Ratio Hits 148% Even as the Dividend Streak Holds at 31 Years. Heres Where Shares Could Go in 2026. (TIKR)
  • Top Analyst Reports for Walmart, UnitedHealth & Wells Fargo (Zacks)
  • Enbridge Announces the Closing of CDN$3.0 BillionCommon Equity Offering Inclusive of Underwriters' Over-Allotment Option (PR Newswire)
  • At $100 Oil, the Deal Flow Moved to Pipelines and Producing Wells (PR Newswire)

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-11-060.3470.3430.41814,9459,77614
2026Q22026-07-310.4490.4150.46120,8938,16813
2026Q12026-05-080.7160.6940.55716,2968,61715
2025Q42026-02-130.6460.5690.63812,5976,21214
2025Q32025-11-070.3270.3680.22610,4127,01412
2025Q22025-08-010.4710.4220.71910,7766,26915
2025Q12025-05-090.7400.6910.72113,2757,08012
2024Q42025-02-140.5290.5260.15811,3915,42311
2024Q32024-11-010.3950.3940.43510,6544,96412
2024Q22024-08-020.4190.4610.6328,2204,29012
2024Q12024-05-100.6730.5960.4958,0809,00015
2023Q42024-02-090.4750.5010.5968,4439,87414
2023Q32023-11-030.4540.4280.1947,2168,30611
2023Q22023-08-040.5090.5180.6797,8168,91613
2023Q12023-05-050.6330.6230.63210,61111,84014
2022Q42023-02-100.4720.545-0.38810,07610,07615

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2019FY1.9992.0281.98637,63837,942
2020FY1.9051.9201.10031,75831,690
2021FY2.1602.2282.29137,00535,660
2022FY2.1042.1700.98039,67438,374
2023FY2.0732.0762.10232,51132,779
2024FY1.9761.9691.70937,55132,350
2025FY2.2152.1312.36947,75144,266
2026FY-2.026--61,673
2027FY-2.187--51,689
2028FY-2.427--53,469
2029FY-2.537--51,169
2030FY-2.684--51,669

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-11-0620111,1936,22816,158
2026Q4S2026-10-1620111,1936,22816,158
2026Q4S2026-10-0120111,1916,22816,154
2026Q4S2026-09-2921011,2546,35416,154
2026Q4S2026-08-141106,3546,3546,354
2026Q4S2026-07-311016,2496,2496,249
2026Q4S2026-06-301016,2496,2496,249
2026Q4S2026-05-291016,4036,4036,403
2026Q4S2026-05-081106,5566,5566,556
2026Q4S2026-05-072106,3896,2236,556
2026Q4S2026-04-132016,3306,2236,437
2026Q4S2026-04-012116,3306,2236,437
2026Q4S2026-03-152106,3666,2236,509
2026Q4S2026-02-272206,3666,2236,509

Estimate history

EPS, annual1.2711.1241.9861.12.2910.982.1021.7092.3152.0741
Period201720182019202020212022202320242025TTM
EPS, quarterly0.4350.1580.7210.7190.2260.6380.5570.4610.419
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual33583.71436123.18837462.57828984.54237331.72441053.00731774.77539115.69546608.84164674.21
Period201720182019202020212022202320242025TTM
Sales, quarterly10879.2511753.05812938.10210681.30910696.91412309.6116578.60220717.51615068.484
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual1695202220252026202620252125217821822229
Period201720182019202020212022202320242025MRQ
Shares, quarterly217821782180218121812182218421842229
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue64,674.2146,608.8439,115.7031,774.7841,053.0137,331.7228,984.5437,462.5836,123.19
Cost of Goods Sold Incl. D&A49,216.1631,408.6924,946.6819,178.5228,270.4626,049.4118,331.4526,267.2925,038.81
Gross Profit15,458.0615,200.1514,169.0112,596.2512,782.5411,282.3110,653.0911,195.2911,084.38
Selling, General and Administrative Excl. Other7,271.937,146.706,867.356,317.766,354.795,357.605,034.665,308.625,268.69
Other Operating Expense0.000.000.000.000.000.000.000.000.00
Operating Income8,186.138,053.457,301.666,278.496,427.765,924.715,618.435,886.665,815.69
Interest Expense3,893.413,604.123,271.622,831.772,341.281,923.061,913.072,073.261,796.86
Unusual Expense-154.27-546.771,674.50-597.182,431.15-250.451,143.67-1,044.542,485.06
Net Income Before Taxes6,281.067,008.575,327.895,837.651,909.594,800.072,276.894,545.941,590.10
Income Taxes1,293.161,434.211,217.551,349.201,232.091,128.63577.051,287.21182.85
Consolidated Net Income4,987.905,574.374,110.334,488.452,256.785,036.162,546.784,391.452,571.47
Net Income From Continuing Operations4,854.285,361.103,971.644,586.992,306.714,936.462,507.274,299.502,223.51
Net Income4,546.555,061.233,688.424,326.191,988.704,638.952,223.964,010.861,940.36
EPS (Recurring)2.022.142.251.901.822.201.501.622.13
EPS (Basic, Before Extraordinaries)2.082.321.712.100.982.291.101.991.13
EPS (Diluted)2.072.321.712.100.982.291.101.991.12
EBITDA12,377.3212,104.8711,073.309,696.329,743.808,997.138,385.898,442.258,320.04
Non-Operating Income (Expense)1,834.072,012.472,972.351,793.75254.25547.96-284.80-312.0156.32
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense166.16161.13107.2644.7123.5016.4116.4418.8327.79
Price To Earnings Ratio22.9522.9519.6732.2718.3617.0529.0120.0529.30
Price To Sales Ratio1.582.252.342.341.932.122.232.151.48
Gross Margin23.9032.6136.2239.6431.1430.2236.7529.8830.68
Operating Margin12.6617.2818.6719.7615.6615.8719.3815.7116.10
Net Margin7.0310.869.4313.624.8412.437.6710.715.37
Shares Outstanding2,229.002,182.002,178.002,125.002,025.002,026.002,026.002,025.002,022.00
Market Capitalization106,451.79106,451.7992,410.8476,563.0379,170.4679,166.7064,786.7980,491.7062,843.76

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue15,068.4820,717.5216,578.6012,309.6110,696.9110,681.3112,938.1011,753.06
Cost of Goods Sold Incl. D&A11,566.2017,403.4112,006.208,240.357,314.517,145.678,662.347,828.70
Gross Profit3,502.293,314.114,572.404,069.263,382.413,535.644,275.763,924.36
Selling, General and Administrative Excl. Other1,762.221,685.231,885.241,939.241,803.761,679.721,722.851,943.59
Other Operating Expense0.000.000.000.000.000.000.000.00
Operating Income1,740.071,628.882,687.162,130.011,578.651,855.922,552.911,980.77
Interest Expense928.611,131.91914.19918.70917.13883.19884.42869.54
Unusual Expense-49.29-348.17312.75-69.57-403.74-683.8818.121,051.17
Net Income Before Taxes1,342.201,453.351,724.131,761.38844.512,157.062,221.17607.10
Income Taxes312.87319.28427.93233.08229.46480.95485.77165.18
Consolidated Net Income1,029.331,134.081,296.191,528.30615.051,676.111,735.40441.92
Net Income From Continuing Operations996.471,084.241,296.191,477.38572.211,645.781,647.58425.47
Net Income920.041,008.391,218.191,399.93495.231,572.121,575.79352.53
EPS (Recurring)0.400.350.660.620.100.500.730.49
EPS (Basic, Before Extraordinaries)0.420.460.560.640.230.720.720.16
EPS (Diluted)0.420.460.560.640.230.720.720.16
EBITDA2,804.402,661.113,731.843,179.962,593.812,860.433,534.212,970.44
Non-Operating Income (Expense)481.45608.21263.90480.51-220.75500.45570.80547.04
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense13.1312.7426.97113.3114.346.2826.9863.27
Price To Earnings Ratio22.9525.3223.4926.2124.8223.3025.7819.67
Price To Sales Ratio1.581.972.352.252.402.142.202.43
Gross Margin23.2416.0027.5833.0631.6233.1033.0533.39
Operating Margin11.557.8616.2117.3014.7617.3819.7316.85
Net Margin6.114.877.3511.374.6314.7212.183.00
Shares Outstanding2,229.002,184.002,184.002,182.002,181.002,181.002,180.002,178.00
Market Capitalization106,451.79118,378.38118,124.28104,330.62110,029.0498,810.2996,559.9192,410.84

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments858.651,317.624,538.90669.40253.33384.62521.30466.39468.49
Short Term Receivables5,480.945,134.893,672.086,631.245,517.164,178.965,196.073,871.724,287.48
Inventories1,182.561,034.631,121.641,664.271,322.091,205.651,001.74980.381,219.52
Other Current Assets2,103.961,665.281,587.29----957.681,379.15
Total Current Assets9,626.129,152.4110,919.928,964.917,092.595,769.236,719.116,276.187,354.64
Net Property, Plant & Equipment96,439.9191,704.2179,865.0177,596.9679,730.8374,787.2872,825.1469,219.5172,397.94
Total Investments and Advances16,617.9115,281.6013,490.8212,541.4211,272.6111,522.7613,124.3512,512.0813,496.95
Intangible Assets28,652.2028,637.8826,835.2826,907.2729,120.0627,290.4227,241.9526,966.6130,108.14
Deferred Tax Assets511.40553.47258.61348.35386.34604.40771.161,006.00869.95
Other Assets7,536.026,925.325,379.196,198.016,082.415,831.245,138.236,222.735,141.47
Total Assets159,383.55152,254.90136,748.82132,556.92133,684.84125,805.34125,819.93122,203.10129,369.09
Short Term Debt Incl. Current Port. of LT Debt4,645.635,826.034,991.665,998.756,152.083,263.744,161.173,135.893,443.87
Accounts Payable5,539.304,924.213,286.823,941.103,610.022,762.173,514.173,400.214,223.63
Other Current Liabilities5,138.065,806.564,943.885,042.994,669.284,946.624,584.544,340.314,004.15
Total Current Liabilities15,323.0016,556.8113,222.3614,982.8414,431.3810,972.5312,259.8810,876.4111,671.65
Long Term Debt72,624.4865,465.1657,156.8354,331.1654,287.3049,843.0146,539.4344,169.7248,577.36
Provision for Risks Charges887.11612.57663.58340.230.000.000.000.00631.31
Deferred Tax Liabilities14,796.2813,625.3711,399.2110,170.869,253.858,109.897,609.026,921.957,418.49
Other Liabilities7,659.318,092.755,404.225,941.925,545.666,359.505,887.806,468.005,362.54
Total Liabilities111,290.17104,352.6687,846.2085,767.0083,518.1975,284.9372,296.1268,436.0873,661.36
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value4,973.924,740.655,170.645,031.926,133.086,080.855,974.175,672.136,183.01
Common Equity40,499.7341,080.5241,434.8639,166.7642,021.1442,087.9144,955.4745,191.8340,215.49
Total Shareholders Equity45,473.6545,821.1746,605.4944,198.6848,154.2248,168.7650,929.6350,863.9646,398.50
Accumulated Minority Interest2,619.732,081.072,297.132,591.242,012.432,351.652,594.182,903.069,309.23
Total Equity48,093.3847,902.2448,902.6246,789.9250,166.6550,520.4153,523.8153,767.0255,707.73
Total Liabilities & Stockholders Equity159,383.55152,254.90136,748.82132,556.92133,684.84125,805.34125,819.93122,203.10129,369.09
Book Value Per Share18.5618.8619.5019.3420.7420.7722.2022.3523.73
Tangible Book Value Per Share5.435.716.876.056.377.308.759.015.96
Full-Time Employees14,80014,50011,50011,10010,90011,20011,30012,70012,700
Price to Book Ratio2.492.121.781.881.881.541.791.391.61
Return on Assets3.442.753.411.733.801.993.471.772.28
Return on Equity11.748.5910.105.0010.255.068.454.577.07
Return on Invested Capital4.543.574.422.344.822.564.412.342.32
Quick Ratio0.550.490.740.490.400.420.470.490.53
Current Ratio0.630.550.830.600.490.530.550.580.63

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Net Income4,898.385,574.374,110.334,488.452,256.785,036.162,546.784,391.452,571.47
Depreciation4,120.984,051.423,771.643,417.833,316.043,072.432,767.462,555.592,504.34
Other Funds (Non Cash)783.36-85.161,460.62703.872,913.54118.052,100.95-540.362,434.91
Funds from Operations10,383.8010,274.189,867.439,662.249,221.479,096.847,748.457,277.887,396.53
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital-1,158.89-1,005.52-97.081,712.25-9.22-1,288.9569.34-195.19705.94
Cash from Operating Activities9,224.909,268.679,770.3511,374.499,212.257,807.887,817.787,082.698,102.47
Capital Expenditures-8,590.83-6,559.13-5,058.54-3,612.69-3,703.18-6,455.12-4,189.96-4,289.71-5,667.56
Net Assets From Acquisitions0.000.00-9,833.85-706.83-636.02-3,018.99-17.890.000.00
Sale of Fixed Assets and Businesses-495.667.162.928.15848.791,019.36214.721,599.224,501.80
Purchase or Sale of Investments-1,082.01-1,412.02-503.66-965.41-294.96-458.63-375.01-1,110.11-1,012.23
Purchase of Investments-1,078.88-1,661.79-2,493.50-965.41-799.63-510.48-375.01-1,110.11-1,012.23
Sale Or Maturity of Investments-3.13249.771,989.840.00504.6751.850.000.000.00
Other Uses-23.22-32.92-40.88-45.200.000.000.00-15.07-67.89
Other Sources0.000.000.000.000.000.000.00314.27985.23
Cash from Investing Activities-10,191.72-7,996.92-15,434.01-5,321.97-3,785.37-8,913.38-4,368.15-3,501.40-1,260.66
Cash Dividends Paid-6,261.20-6,182.69-6,030.83-5,651.68-5,612.00-5,689.41-5,174.08-4,790.12-2,965.71
Change in Capital Stock2,080.7920.041,813.923,204.45-884.12-327.023.73-212.53-145.82
Repurchase of Common Pref Stock0.000.000.00-92.61-886.43-331.010.00-226.09-162.02
Sale of Common Pref Stock2,080.7920.041,813.923,297.062.303.993.7313.5716.20
Proceedsfrom Stock Options2,080.7920.041,813.923,297.062.303.993.7313.5716.20
Issuance or Reduction of Debt, Net6,985.524,254.677,073.19649.041,918.037,275.871,887.721,662.52-2,765.12
Change in Long Term Debt6,772.523,866.776,906.761,778.931,548.566,961.611,721.461,758.24-2,441.08
Issuance of Long Term Debt8,016.248,768.4111,748.5011,393.015,797.128,767.425,048.835,276.222,728.85
Reduction of Long Term Debt-1,243.72-4,901.64-4,841.74-9,614.08-4,248.56-1,805.81-3,327.37-3,517.98-5,169.93
Net Financing Active Other Cash Flow621.65183.21-272.27-331.93-440.14-285.55-290.76-244.93-979.05
Other Financing Activities Uses-394.73-330.64-272.27-331.93-440.14-285.55-290.76-244.93-979.05
Cash from Financing Activities3,426.75-1,724.772,584.01-2,130.12-5,018.23973.89-3,573.40-3,585.05-6,855.70
Exchange Rate Effect35.91-33.64170.81-160.0442.25-3.99-14.9133.1652.46
Net Change in Cash2,495.85-486.66-2,908.843,762.35450.90-135.60-138.6729.3938.58
Free Cash Flow779.942,846.944,871.677,926.285,642.721,572.113,788.112,943.712,851.53
Preferred Dividends (Cash Flow)--299.87-282.49-260.80-259.63-292.73-283.31-288.64-280.83
Price to Free Cash Flow---32.732,579.18----
Deferred Taxes & Investment Tax Credit-733.56524.831,052.10735.11870.20333.26871.21-114.18

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments3,518.931,459.031,304.86858.651,085.96942.47
Short Term Receivables6,366.617,006.177,557.595,480.944,272.684,051.30
Inventories1,446.731,124.231,322.781,182.561,368.411,036.28
Other Current Assets3,408.352,900.443,328.442,103.961,954.872,084.28
Total Current Assets14,740.6212,489.8713,513.679,626.128,681.908,114.33
Net Property, Plant & Equipment98,894.1797,027.6796,311.8596,439.9194,110.9793,938.44
Total Investments and Advances17,549.5716,890.9316,866.4716,617.9116,377.0316,211.80
Intangible Assets28,283.8528,324.9328,496.2928,652.2028,709.9328,902.89
Deferred Tax Assets603.63662.56609.80511.40505.25399.41
Other Assets7,959.157,879.477,722.407,536.027,553.547,502.38
Total Assets168,030.99163,275.42163,520.48159,383.55155,938.62155,069.26
Short Term Debt Incl. Current Port. of LT Debt6,296.885,836.124,670.564,645.632,233.002,984.24
Accounts Payable7,175.917,178.157,065.315,539.304,698.864,249.91
Other Current Liabilities4,731.824,308.724,967.935,138.063,878.113,617.44
Total Current Liabilities18,204.6117,323.0016,703.8115,323.0010,809.9810,851.59
Long Term Debt74,198.2773,199.6573,811.0472,624.4872,302.7271,074.39
Provision for Risks Charges0.000.000.00887.110.000.00
Deferred Tax Liabilities15,469.6215,266.2615,056.4314,796.2814,544.3414,419.20
Other Liabilities9,652.408,961.418,873.207,659.318,826.368,626.60
Total Liabilities117,524.92114,750.31114,444.48111,290.17106,483.40104,971.78
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value4,802.254,805.644,885.534,973.924,900.104,996.70
Common Equity42,792.0441,255.3341,669.5940,499.7341,946.2442,968.12
Total Shareholders Equity47,594.2946,060.9746,555.1245,473.6546,846.3447,964.82
Accumulated Minority Interest2,911.782,464.142,520.872,619.732,608.882,132.65
Total Equity50,506.0848,525.1149,075.9948,093.3849,455.2250,097.47
Total Liabilities & Stockholders Equity168,030.99163,275.42163,520.48159,383.55155,938.62155,069.26
Book Value Per Share19.2018.8919.0818.5619.2319.70
Tangible Book Value Per Share6.515.926.035.436.076.45
Full-Time Employees---14,800--
Price to Book Ratio2.492.842.922.492.562.31
Return on Assets3.002.783.163.432.783.14
Return on Equity10.289.4210.6211.708.989.76
Return on Invested Capital0.820.911.081.250.481.38
Quick Ratio0.730.660.730.550.680.65
Current Ratio0.810.720.810.630.800.75

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income1,002.451,122.211,296.191,477.53634.301,738.86
Depreciation1,041.361,022.661,044.681,012.281,026.361,040.00
Other Funds (Non Cash)-29.86-94.76724.64183.33370.43-593.10
Funds from Operations2,216.732,181.213,263.092,722.762,145.342,545.11
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital-191.64904.19-1,400.44-471.0170.7019.23
Cash from Operating Activities2,025.103,085.411,862.642,251.752,216.052,564.33
Capital Expenditures-2,481.99-2,174.80-1,833.48-2,100.56-1,766.46-1,463.24
Net Assets From Acquisitions0.000.000.000.000.000.00
Sale of Fixed Assets and Businesses4.836.428.75-515.66517.771.57
Purchase or Sale of Investments-254.29-148.33-366.70-312.69-199.61-781.42
Purchase of Investments-254.29-148.33-366.70-309.56-359.16-784.69
Sale Or Maturity of Investments0.000.000.00-3.13159.553.28
Other Uses1.67-7.09-14.58-3.22-4.50-14.12
Other Sources0.000.000.000.000.000.00
Cash from Investing Activities-2,729.78-2,323.80-2,206.01-2,932.13-1,452.80-2,257.21
Cash Dividends Paid-1,554.36-1,592.37-1,620.61-1,493.86-1,585.75-1,613.46
Preferred Dividends (Cash Flow)-74.73-75.13-78.00-74.66-77.07-77.67
Change in Capital Stock2,066.510.000.0014.271.480.85
Repurchase of Common Pref Stock0.000.000.000.000.000.00
Sale of Common Pref Stock2,066.510.000.0014.271.480.85
Proceedsfrom Stock Options2,066.510.000.0014.271.480.85
Issuance or Reduction of Debt, Net1,850.671,076.932,533.341,524.571,031.88778.83
Change in Long Term Debt1,868.10999.812,199.451,705.17758.66712.74
Issuance of Long Term Debt2,064.57292.453,481.792,177.431,893.782,106.27
Reduction of Long Term Debt-196.48707.36-1,282.34-472.26-1,135.13-1,393.53
Net Financing Active Other Cash Flow412.29-92.88-111.54413.79-65.54-69.87
Other Financing Activities Uses-89.16-92.88-111.54-101.15-65.54-69.87
Cash from Financing Activities2,775.11-608.33801.19458.77-617.93-903.65
Exchange Rate Effect16.0617.1916.04-13.3819.39-45.29
Net Change in Cash2,086.50170.47473.86-234.98164.70-641.82
Free Cash Flow-390.11952.7284.57132.77516.161,148.82

Revenue breakdown

Commodity Sales2024: 19.73B 2025: 25.17B
Gas Distribution and Storage2024: 4.97B 2025: 6.99B
Transportation2024: 14.35B 2025: 14.49B
Canada2024: 16.06B 2025: 16.51B
United States2024: 22.98B 2025: 30.14B
Consolidation, Policy2024: 755.65M 2025: 989.62M
Gas Distribution and Storage2024: 4.53B 2024: 5.51B 2025: 4.76B 2025: 7.62B
Liquids Pipelines2024: 27.88B 2025: 32.88B
Renewable Power Generation2024: 375.27M 2025: 401.43M

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-302.41%54.6M2264.0M5.16M
2026-10-151.14%25.9M2264.0M4.95M
2026-09-301.03%23.4M2263.9M4.94M
2026-09-150.79%17.4M2219.2M4.83M
2026-08-311.70%37.0M2180.4M4.30M
2026-08-143.20%69.8M2180.4M4.39M
2026-07-311.43%31.1M2180.4M4.07M
2026-07-151.05%23.0M2180.0M4.27M
2026-06-301.08%23.4M2180.0M4.38M
2026-06-150.88%19.1M2180.0M4.54M
2026-05-291.12%24.4M2180.0M4.67M
2026-05-152.20%48.0M2180.0M4.73M
2026-04-301.27%27.6M2178.2M5.07M
2026-04-150.90%19.6M2177.9M5.31M
2026-03-310.58%12.6M2177.7M5.45M
2026-03-130.54%11.7M2177.7M4.94M
2026-02-271.23%26.8M2177.7M4.76M
2026-02-131.32%28.8M2178.2M4.60M
2026-01-300.75%16.3M2177.8M4.40M
2026-01-150.69%15.0M2177.8M4.06M

Option chain

expiry 2026-11-20
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call30.000.000.0016.91-9.000.00---
call32.500.000.0016.50-8.000.00---
call35.000.000.0013.95-15.000.00---
call37.500.000.0012.10-8.000.00---
call40.000.000.008.75-15.000.00---
call42.500.000.006.30-14.000.00---
call45.000.000.003.00-2320.00---
call47.500.000.000.53-1,5520.00---
call50.000.000.000.07-4,5170.00---
call52.500.000.000.03-5,2380.00---
call55.000.000.000.15-4040.00---
call57.500.000.000.05-1890.00---
call60.000.000.000.05-53.000.00---
call65.000.000.000.00-0.000.00---
call70.000.000.000.00-0.000.00---
put30.000.000.000.00-0.000.00---
put32.500.000.000.00-0.000.00---
put35.000.000.000.05-1.000.00---
put37.500.000.000.13-6.000.00---
put40.000.000.000.10-29.000.00---
put42.500.000.000.10-1550.00---
put45.000.000.000.10-1,2910.00---
put47.500.000.000.75-1,2310.00---
put50.000.000.003.00-4130.00---
put52.500.000.004.10-87.000.00---
put55.000.000.008.16-14.000.00---
put57.500.000.008.60-41.000.00---
put60.000.000.0010.10-0.000.00---
put65.000.000.000.00-0.000.00---
put70.000.000.000.00-0.000.00---

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-09FWPFiling under Securities Act Rule 163/433 of free writing prospectuses.SEC
2026-11-09FWPFiling under Securities Act Rule 163/433 of free writing prospectuses.SEC
2026-11-09424B5SEC
2026-11-09424B5SEC
2026-11-0610-QQuarterly report pursuant to Section 13 or 15(d)2026-09-30SEC
2026-11-068-KCurrent report2026-11-06SEC
2026-11-068-K/A2026-09-07SEC
2026-09-23SDSpecialized Disclosure ReportSEC
2026-09-148-KCurrent report2026-09-14SEC
2026-09-10424B5SEC
2026-09-10FWPFiling under Securities Act Rule 163/433 of free writing prospectuses.SEC
2026-09-098-KCurrent report2026-09-09SEC
2026-09-09424B5SEC
2026-09-098-KCurrent report2026-09-09SEC
2026-09-088-KCurrent report2026-09-07SEC
2026-07-3110-QQuarterly report pursuant to Section 13 or 15(d)2026-06-30SEC
2026-07-318-KCurrent report2026-07-31SEC
2026-07-31S-8Initial registration statement for securities to be offered to employees pursuant to employee benefit plansSEC
2026-06-2911-KAnnual reports of employee stock purchase, savings and similar plans pursuant to Section 15(d)2025-12-31SEC
2026-06-11CB/ASEC
2026-05-26F-XFor appointment of agent for service of process by issuers registering securities (if filed on Form F-8, F-9, F-10 or F-80, or registering securities or filing periodic reports on Form 40-F, or by any person filing certain tender offer documents, or by anSEC
2026-05-26CBNotification form filed in connection with certain tender offers, business combinations and rights offerings, in which the subject company is a foreign private issuer of which less than 10% of its securities are held by U.S. persons.SEC
2026-05-0810-QQuarterly report pursuant to Section 13 or 15(d)2026-03-31SEC
2026-05-088-KCurrent report2026-05-08SEC
2026-05-078-KCurrent report2026-05-06SEC
2026-04-27SCHEDULE 13G/ASEC
2026-03-278-KCurrent report2026-03-27SEC
2026-03-26424B5SEC
2026-03-24FWPFiling under Securities Act Rule 163/433 of free writing prospectuses.SEC
2026-03-24424B5SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-090000
2026-080000
2026-070000
2026-060000
2026-050000
2026-040000
2026-030000
2026-020000
2026-010000
2025-120000
2025-110000

Institutional holders

Manager% owned
ROYAL BANK OF CANADA4.96%
VANGUARD CAPITAL MANAGEMENT LLC2.88%
BANK OF MONTREAL /CAN/2.60%
GQG Partners LLC2.25%
DEUTSCHE BANK AG\1.52%
TD ASSET MANAGEMENT INC1.43%
1832 Asset Management L.P.1.25%
GEODE CAPITAL MANAGEMENT, LLC1.24%
CIBC WORLD MARKET INC.1.11%
NORGES BANK1.10%

Funds

Fund% owned
PIMCO Multisector Bond Active Exchange-Traded Fund1.86%
VANGUARD INSTITUTIONAL INTERMEDIATE-TERM BOND FUND1.60%
JPMorgan Short Duration Bond Fund1.53%
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND1.47%
First Trust Preferred Securities and Income ETF1.30%
VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND1.24%
Goldman Sachs GQG Partners International Opportunities Fund1.23%
Thornburg Strategic Income Fund1.22%
VANGUARD SHORT-TERM INVESTMENT-GRADE FUND1.09%
Baird Ultra Short Bond Fund1.04%

OakChart. ENB. Cached 15 minutes.

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