$48.73-0.04%
as of market close, Sep 18, 2026
☾ AH — —
ENB financial statements
The full income statement, balance sheet, and cash-flow statement for Enbridge Inc (ENB), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 2.18B2024-09 2.18B2024-12 2.18B2025-03 2.18B2025-06 2.18B2025-09 2.18B2025-12 2.18B2026-03 2.18B2026-06 2.18B+0.3% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 46.7B+19.6% | 39.0B+20.6% | 32.3B-21.0% | 41.0B+9.0% | 37.6B+28.8% | ||
| Lease income | 409M+1.9% | 401M+0.3% | 400M-11.3% | 451M-5.2% | 476M+1.9% | |
| Cost of revenue | — | — | 15.8B-36.8% | 25.0B+9.3% | 22.9B+48.6% | |
| Selling, general & administrative | 7.14B+3.7% | 6.88B+7.9% | 6.37B+0.9% | 6.31B+17.9% | 5.36B+6.4% | |
| General & administrative | 7.14B+3.7% | 6.88B+7.9% | 6.37B+0.9% | 6.31B+17.9% | 5.36B+6.4% | |
| Amortization of intangibles | 382M-1.2% | 387M-2.5% | 396M+6.8% | 371M+33.6% | 278M+26.6% | |
| Operating income | 7.84B+11.4% | 7.04B+9.8% | 6.41B+61.1% | 3.98B-36.1% | 6.23B+4.9% | |
| Interest expense | 3.60B+11.5% | 3.22B+14.1% | 2.82B+15.7% | 2.44B+15.3% | 2.12B+1.8% | |
| Other non-operating income | 1.17B+220.9% | -967M-206.7% | 907M+300.4% | -452M-157.9% | 781M+340.1% | |
| Equity-method income | 1.59B-5.3% | 1.68B+24.9% | 1.35B-14.8% | 1.58B+23.7% | 1.28B+50.7% | |
| Pre-tax income | 7.01B+31.6% | 5.32B-8.8% | 5.84B+67.3% | 3.49B-43.4% | 6.17B+97.3% | |
| Income tax | 1.43B+17.9% | 1.22B-9.8% | 1.35B+9.5% | 1.23B+9.1% | 1.13B+95.6% | |
| 5.36B+35.1% | 3.97B-13.5% | 4.59B+98.8% | 2.31B-53.3% | 4.94B+96.9% | ||
| Net income to non-controlling interest | — | 139M+240.6% | -98.6M-97.4% | -49.9M-150.1% | 99.7M+152.3% | |
| Preferred dividends | 300M+5.9% | 283M+8.5% | 261M-18.0% | 318M+6.9% | 298M+5.0% | |
| Net income to common | 5.06B+37.3% | 3.69B-14.8% | 4.33B+117.5% | 1.99B-57.1% | 4.64B+108.6% | |
| $2.30+35.0% | $1.71-18.9% | $2.10+114.0% | $0.98-57.1% | $2.29+107.5% | ||
| EPS (basic) | $2.31+35.4% | $1.71-18.9% | $2.10+114.0% | $0.98-57.1% | $2.29+107.5% | |
| Weighted-avg shares (basic) | 2.18B+1.2% | 2.15B+4.8% | 2.06B+1.5% | 2.02B+0.1% | 2.02B+0.1% | |
| Weighted-avg shares (diluted) | 2.19B+1.3% | 2.16B+4.9% | 2.06B+1.4% | 2.03B+0.2% | 2.02B+0.2% | |
| Dividends per share | $2.70+1.1% | $2.67+1.5% | $2.63-0.5% | $2.64-0.8% | $2.67+10.3% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 9.63B+5.1% | 9.17B-15.7% | 10.9B+21.2% | 8.97B+27.6% | 7.03B+22.1% | ||
| Cash & equivalents | 799M-36.4% | 1.26B-71.8% | 4.46B+600.8% | 636M+183.4% | 224M-36.6% | |
| Inventory | 1.18B+14.2% | 1.04B-7.2% | 1.12B-32.9% | 1.67B+27.1% | 1.31B+8.9% | |
| Other current assets | 2.36B+22.2% | 1.93B+4.7% | 1.84B-23.4% | 2.40B | — | |
| 160B+4.6% | 152B+12.0% | 136B+2.7% | 133B+0.1% | 133B+5.5% | ||
| Property, plant & equipment | 96.1B+5.2% | 91.3B+15.5% | 79.0B+2.4% | 77.2B-1.7% | 78.5B+6.0% | |
| Operating lease right-of-use | 436M-20.3% | 547M+8.2% | 505M+0.6% | 502M-0.8% | 506M-8.8% | |
| Goodwill | 25.8B+1.1% | 25.5B+5.9% | 24.1B+0.4% | 24.0B-6.8% | 25.7B+0.4% | |
| Intangible assets | 2.91B-8.8% | 3.19B+19.6% | 2.67B-10.0% | 2.97B-5.6% | 3.15B+93.0% | |
| Long-term investments | 15.5B+7.7% | 14.4B+13.6% | 12.7B+7.7% | 11.8B+12.6% | 10.5B-3.4% | |
| Deferred tax assets | 512M-7.7% | 554M+115.2% | 258M-26.1% | 349M-9.0% | 383M-36.5% | |
| 15.3B-7.5% | 16.6B+25.9% | 13.2B-12.2% | 15.0B+4.8% | 14.3B+30.6% | ||
| Accrued liabilities | — | — | — | 3.87B+10.2% | 3.51B+28.0% | |
| Deferred revenue | — | — | — | 780M+16.5% | 670M-12.7% | |
| Short-term & current debt | 752M+104.1% | 368M+699.5% | 46.1M-96.9% | 1.47B+24.0% | 1.19B+35.3% | |
| Current lease liability | 57.7M-31.6% | 84.3M+13.8% | 74.0M+15.2% | 64.3M-11.0% | 72.2M+15.2% | |
| Other current liabilities | 4.51B-10.6% | 5.04B+18.0% | 4.27B+10.8% | 3.86B+677.4% | 496M-2.9% | |
| Finance lease liability (current) | 33.6M+201.4% | 11.1M-22.4% | 14.4M+14.3% | 12.6M+23.1% | 10.2M+18.3% | |
| 111B+6.6% | 105B+19.4% | 87.5B+1.9% | 85.9B+3.7% | 82.8B+10.1% | ||
| Long-term debt | 76.2B+7.5% | 70.9B+20305.8% | 347M-99.4% | 58.2B+0.4% | 57.9B+13.1% | |
| Non-current lease liability | 429M-16.6% | 514M+4.3% | 493M-1.5% | 500M+4.1% | 480M-10.0% | |
| Operating lease liability (total) | 486M-18.7% | 598M+5.6% | 567M+0.4% | 564M+2.1% | 553M-7.4% | |
| Finance lease liability (total) | 421M+91.4% | 220M+2.9% | 214M+416.7% | 41.4M+14.6% | 36.1M-13.1% | |
| Finance lease liability | 388M+85.6% | 209M+4.8% | 199M+592.1% | 28.8M+11.2% | 25.9M-21.3% | |
| Deferred tax liabilities | 14.8B+8.5% | 13.6B+20.2% | 11.4B+11.5% | 10.2B+11.0% | 9.18B+13.3% | |
| Other non-current liabilities | 8.98B-2.7% | 9.23B+41.3% | 6.54B-3.7% | 6.79B+13.5% | 5.98B-13.2% | |
| 45.5B-0.8% | 45.9B-1.1% | 46.4B+4.9% | 44.2B-7.3% | 47.7B-0.7% | ||
| Preferred stock | 4.98B+4.8% | 4.75B-7.8% | 5.15B+2.2% | 5.04B-17.2% | 6.08B+0.1% | |
| Common stock | 52.5B+5.0% | 50.0B-4.4% | 52.3B+9.2% | 47.8B-5.9% | 50.9B+0.2% | |
| Additional paid-in capital | 177M-7.7% | 192M-5.4% | 202M-0.4% | 203M-29.1% | 286M+32.0% | |
| Retained earnings | -15.5B-11.3% | -14.0B-8.0% | -12.9B-13.0% | -11.4B-32.6% | -8.63B-10.1% | |
| Accumulated other comprehensive income | 3.42B-31.0% | 4.95B+184.8% | 1.74B-33.1% | 2.60B+402.3% | -860M+21.7% | |
| Non-controlling interest | 2.08B+0.0% | 2.08B-8.9% | 2.29B-11.8% | 2.59B+30.0% | 2.00B-15.0% | |
| Total equity incl. non-controlling | 47.6B-0.8% | 48.0B-1.5% | 48.7B+4.0% | 46.8B-5.8% | 49.7B-1.4% | |
| Total liabilities & equity | 160B+4.6% | 152B+12.0% | 136B+2.7% | 133B+0.1% | 133B+5.5% | |
| Common shares issued | 2.18B+0.2% | 2.18B | — | — | — | |
| Common shares outstanding | 2.18B+0.2% | 2.18B+2.5% | 2.13B+4.9% | 2.02B-0.0% | 2.03B+0.0% | |
| Shares outstanding (cover) | 2.18B+0.1% | 2.18B+2.5% | 2.13B+5.0% | 2.02B-0.1% | 2.03B+0.0% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 8.78B-4.5% | 9.19B-12.6% | 10.5B+22.0% | 8.63B+16.8% | 7.39B+1.2% | ||
| Depreciation & amortization | 4.05B+7.5% | 3.77B+10.3% | 3.42B+3.1% | 3.32B+7.9% | 3.07B+11.0% | |
| Intangible amortization | 382M-1.2% | 387M-2.5% | 396M+6.8% | 371M+33.6% | 278M+26.6% | |
| Deferred income taxes | 734M+39.9% | 525M-50.2% | 1.05B+43.1% | 735M-15.5% | 871M+161.1% | |
| Change in inventory | 119M+192.0% | -129M+77.2% | -565M-222.9% | 460M+388.7% | 94.2M-50.3% | |
| -7.52B+49.4% | -14.9B-231.8% | -4.48B-10.6% | -4.05B+52.4% | -8.50B-120.2% | ||
| Capital expenditure | 6.42B+31.2% | 4.90B+42.0% | 3.45B-3.4% | 3.57B-42.8% | 6.24B+54.7% | |
| Free cash flow | 2.36B-45.1% | 4.30B-39.3% | 7.07B+39.9% | 5.06B+340.8% | 1.15B-64.8% | |
| Acquisitions | 0.00-100.0% | 9.83B+1290.3% | 707M+11.1% | 636M-78.9% | 3.02B+16772.0% | |
| Other investing activities | 32.9M-19.4% | 40.9M-9.6% | 45.2M | 0.00 | 0.00 | |
| -1.72B-166.4% | 2.59B+221.8% | -2.12B+49.1% | -4.17B-522.8% | 986M+127.7% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00-100.0% | 6.41B+64.3% | |
| Long-term debt repaid | 4.90B+1.3% | 4.84B+35.5% | 3.57B+10.7% | 3.23B+78.5% | 1.81B-45.7% | |
| Net short-term debt | 359M+281.0% | 94.1M+108.0% | -1.18B-420.0% | 370M+17.5% | 314M+89.0% | |
| Common stock issued | 20.0M-98.9% | 1.81B-45.0% | 3.30B+142972.6% | 2.30M-42.2% | 3.99M+7.0% | |
| Common stock repurchased | 0.00 | 0.00-100.0% | 92.6M-20.2% | 116M | 0.00 | |
| Dividends paid | 5.88B+2.4% | 5.74B+6.6% | 5.39B+0.7% | 5.35B-0.8% | 5.40B+10.3% | |
| Other financing activities | -60.8M-108.5% | -29.2M+53.7% | -63.0M+73.9% | -241M-247.5% | -69.4M-3.4% | |
| FX effect on cash | -33.6M-119.7% | 171M+206.7% | -160M-478.8% | 42.3M+1159.1% | -3.99M+73.3% | |
| Net change in cash | -487M+83.3% | -2.91B-177.3% | 3.76B+734.4% | 451M+432.4% | -136M+2.2% | |
| Interest paid | 3.52B+16.9% | 3.02B+20.4% | 2.50B+11.6% | 2.24B+15.8% | 1.94B+2.3% | |
| Income taxes paid | 864M+37.5% | 628M+46.7% | 428M+12.6% | 380M-2.5% | 390M-0.2% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 104B+12.9% | 92.5B+20.8% | 76.6B-3.3% | 79.2B-0.0% | 79.2B+22.2% | |
| P/E | 19.5×-16.4% | 23.3×-23.5% | 30.5×+78.3% | 17.1×+6.6% | 16.0×-37.9% | |
| P/S | 2.2×-5.6% | 2.4×+5.1% | 2.3×+16.8% | 1.9×-8.4% | 2.1×-5.1% | |
| P/B | 2.3×+13.8% | 2.0×+26.2% | 1.6×-5.4% | 1.7×+1.8% | 1.7×+23.1% | |
| P/FCF | 44.2×+105.5% | 21.5×+93.3% | 11.1×-51.9% | 23.1×-66.5% | 69.0×+247.6% | |
| Earnings yield | 5.1%+19.7% | 4.3%+30.8% | 3.3%-43.9% | 5.9%-6.2% | 6.2%+61.1% | |
| FCF yield | 2.3%-51.3% | 4.6%-48.3% | 9.0%+107.8% | 4.3%+198.3% | 1.4%-71.2% | |
| Dividend yield | 5.6%-10.4% | 6.3%-13.8% | 7.3%+8.0% | 6.8%-0.9% | 6.8%-9.7% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: ENB’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all ENB filings on SEC EDGAR → Not investment advice.