ENBRIDGE INC

Listed Company

ENBCIK 0000895728NYSELarge AcceleratedPipe Lines (No Natural Gas)A0CAFY ends Dec 31

Period

FY 2025

Revenue

$65.19B

Net Income

$7.49B

Total Assets

$218.47B

Equity

$62.33B

Shares Out

2.18B

Op. Cash Flow

$12.27B

ENB$54.09+20.76% · past yearDBEQ Basic

Daily closing prices

Business

Enbridge Inc. is a leading North American energy infrastructure company that transports, stores, and distributes liquids, natural gas, and renewable power. The company operates four business segments: Liquids Pipelines (crude oil and liquid hydrocarbon transportation and storage across Canada and the US), Gas Transmission (natural gas pipelines, gathering, processing, and storage facilities), Gas Distribution and Storage (regulated natural gas utility operations serving residential, commercial, and industrial customers), and Renewable Power Generation (wind, solar, and geothermal assets in North America and Europe). Enbridge's infrastructure systems operate through regulated tolling frameworks, cost-of-service structures, and long-term power purchase agreements.

Summary from 10-K filed 2026-02-13

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total operating revenues (Note 4)	65,194	53,473	43,649	53,309	47,071
Operating and administrative	9,969	9,427	8,600	8,219	6,712
Depreciation and amortization	5,661	5,167	4,613	4,317	3,852
Impairment of long-lived assets	570	190	419	541	0
Total operating expenses	54,236	43,824	34,998	48,131	39,266
Operating income	10,958	9,649	8,651	5,178	7,805
Income from equity investments (Note 13)	2,224	2,304	1,816	2,056	1,600
Gain on disposition of equity investments (Note 13)	0	1,091	0	1,076	0
Other income/(expense) (Note 27)	1,634	−1,326	1,224	−589	979
Interest expense (Note 17)	−5,023	−4,419	−3,812	−3,179	—
Earnings before income taxes	9,793	7,299	7,879	4,542	7,729
Income tax expense (Note 24)	−2,004	−1,668	−1,821	−1,604	−1,415
Earnings	7,789	5,631	6,058	2,938	6,314
(Earnings)/loss attributable to noncontrolling interests and redeemable noncontrolling interest	−298	−190	133	—	—
Earnings attributable to controlling interests	7,491	5,441	6,191	3,003	6,189
Preference share dividends	−419	−388	−352	−414	−373
Earnings attributable to common shareholders	7,072	5,053	5,839	2,589	5,816
Earnings per common share attributable to common shareholders (Note 6)	3.23	2.34	2.84	1.28	2.87
Diluted earnings per common share attributable to common shareholders (Note 6)	3.22	2.34	2.84	1.28	2.87

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	1,094	1,803	5,901	861	286
Restricted cash	83	92	84	46	34
Trade receivables and unbilled revenues	7,081	6,920	4,410	5,616	—
Other current assets (Note 9)	3,230	2,770	2,440	3,255	—
Inventory (Note 10)	1,621	1,488	1,479	2,255	1,670
Current assets	13,195	13,163	14,399	12,147	8,959
Property, plant and equipment, net (Note 11)	131,598	131,104	104,641	104,460	100,067
Long-term investments (Note 13)	21,264	20,691	16,793	15,936	13,324
Restricted long-term investments and cash	1,293	998	717	—	—
Deferred amounts and other assets	11,149	11,034	8,041	9,542	8,613
Intangible assets, net (Note 14)	3,991	4,587	3,537	4,018	4,008
Goodwill (Note 15)	35,284	36,600	31,848	32,440	32,775
Deferred income taxes (Note 24)	701	796	341	472	488
Total assets	218,475	218,973	180,317	179,608	168,864
Short-term borrowings (Note 17)	1,030	529	400	1,996	1,515
Trade payables and accrued liabilities	7,555	7,060	4,308	6,172	9,767
Other current liabilities	6,174	7,241	5,659	5,220	—
Interest payable	1,176	1,231	958	763	693
Current portion of long-term debt (Note 17)	5,031	7,729	6,084	6,045	6,164
Current liabilities	21,004	23,812	17,435	20,301	18,229
Long-term debt (Note 17)	98,963	93,414	74,715	72,939	67,961
Other long-term liabilities	12,302	13,258	8,653	9,189	7,617
Deferred income taxes (Note 24)	20,282	19,596	15,031	13,781	11,689
Liabilities	152,551	150,080	115,834	116,210	105,496
Commitments and contingencies (Note 30)	—	—	—	—	—
Redeemable noncontrolling interest (Note 19)	736	0	—	—	—
Preference shares	6,818	6,818	6,818	6,818	7,747
Common shares (2,182 and 2,178 outstanding at December 31, 2025 and 2024, respectively)	71,876	71,738	69,180	64,760	64,799
Additional paid-in capital	242	275	268	275	365
Deficit	−21,284	−20,046	−17,115	−15,486	−10,989
Accumulated other comprehensive income (Note 22)	4,681	7,115	2,303	3,520	−1,096
Total Enbridge Inc. shareholders equity	62,333	65,900	61,454	59,887	60,826
Noncontrolling interests (Note 19)	2,855	2,993	3,029	3,511	2,542
Total liabilities and equity	218,475	218,973	180,317	179,608	168,864

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Deferred income tax expense	1,025	719	1,420	957	1,091
Unrealized derivative fair value (gain)/loss, net	−1,334	2,082	−1,180	1,280	−173
Income from equity investments	−2,224	−2,304	−1,816	−2,056	−1,600
Distributions from equity investments	2,066	2,121	1,998	1,827	1,630
Other	122	218	378	49	−73
Changes in operating assets and liabilities	−1,405	−133	2,311	−12	−1,466
Net cash provided by operating activities	12,270	12,600	14,201	11,230	9,256
Capital expenditures	−8,973	−6,711	−4,654	−4,647	−7,818
Long-term, restricted and other investments	−2,322	−3,416	−1,276	−1,041	−640
Distributions from equity investments in excess of cumulative earnings	681	785	1,151	763	533
Additions to intangible assets	−192	−219	−222	−174	−275
Acquisitions	0	−13,472	−954	−828	−3,785
Proceeds from disposition of equity investments	349	2,724	0	522	0
Net change in affiliate loans	0	2	−27	135	65
Other	−46	−56	−61	0	0
Net cash used in investing activities	−10,503	−20,363	−6,043	−5,270	−10,657
Net change in short-term borrowings	501	129	−1,596	481	394
Net change in commercial paper and credit facility draws	1,296	6,549	−8,157	−1,333	2,960
Debenture and term note issues, net of issue costs	10,956	9,546	15,377	7,547	8,032
Debenture and term note repayments	−6,849	−6,633	−4,819	−4,198	−2,264
Contributions from noncontrolling interests	10	4	11	13	15
Distributions to noncontrolling interests	−360	−333	−363	−259	−271
Proceeds from investment by redeemable noncontrolling interest in subsidiary, net of transaction costs	712	0	0	—	—
Contributions from redeemable noncontrolling interest	6	0	0	—	—
Distributions to redeemable noncontrolling interest	−17	0	0	—	—
Common shares issued, net of issue costs	28	2,485	4,450	3	5
Common shares repurchased	0	0	−125	−151	0
Preference share dividends	−419	−387	−352	−338	−367
Common share dividends	−8,220	−7,875	−7,276	−6,968	−6,766
Net change in affiliate loans	41	99	71	0	0
Other	−85	−40	−85	−314	−87
Net cash (used in)/provided by financinig activities	−2,400	3,544	−2,864	−5,428	1,236
Effect of translation of foreign denominated cash and cash equivalents and restricted cash	−47	234	−216	55	−5
Net change in cash and cash equivalents and restricted cash	−680	−3,985	5,078	587	−170
Cash paid for interest, net of amount capitalized	4,924	4,134	3,380	2,920	2,427
Property, plant and equipment and intangible assets non-cash accruals	1,390	1,251	813	937	831

Filings

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Frequently asked questions

What is ENBRIDGE INC's CIK number?

ENBRIDGE INC's SEC CIK number is 0000895728 (895728). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find ENBRIDGE INC's SEC filings?

All of ENBRIDGE INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did ENBRIDGE INC last report earnings?

ENBRIDGE INC (ENB) most recently filed an earnings 8-K with the SEC on May 8, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-213263). This is ENBRIDGE INC's most recent earnings filing of record — not a forecast of its next earnings date.

What is ENBRIDGE INC's most recent earnings 8-K?

ENBRIDGE INC's latest earnings 8-K (Item 2.02) was filed May 8, 2026 under accession 0001193125-26-213263. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

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