Enbridge's transformative Dominion Energy utility acquisition has driven a 97.1% revenue surge in 2026Q2, but at the cost of severe margin compression (gross margin down to 22.9% from 33.0% in 2025Q4) and a record debt load (D/E at 2.31).
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Revenue surged 97.1% year-over-year to $29.3B in 2026Q2, but gross margin compressed to 22.9% from 33.0% in 2025Q4, and net margin fell to 5.1% from 15.3% a year earlier, indicating acquisition-related cost pressures.
Enbridge operates four core businesses—liquids pipelines, natural gas pipelines, gas utilities and storage, and renewable power—providing stability and growth opportunities.
The company has a massive secured project pipeline, ensuring future revenue growth and operational expansion.
Enbridge's low-risk profile and predictable cash flows make it a reliable investment with steady returns.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Nov 6, 2026 | $0.39+8.3% vs $0.36 | $21.1B+119.0% vs $9.6B |
Q3 2026 Jul 31, 2026 | $0.46+7.0% vs $0.43 | $20.6B+138.1% vs $8.7B |
Q2 2026 May 8, 2026 | $0.71+2.9% vs $0.69 | $16.1B+65.7% vs $9.7B |
Q1 2026 Feb 13, 2026 | $0.63+5.0% vs $0.60 | $12.5B+103.0% vs $6.2B |
Enbridge NYSE: ENB reaffirmed its 2026 financial guidance and expects to finish at the midpoint of its range after reporting higher third-quarter adjusted earnings, executives said on the company's earnings call.
Enbridge Inc. ( ENB:CA ) Q3 2026 Earnings Call November 6, 2026 9:00 AM EST Company Participants Marlon Samuel - Vice President of Investor Relations & Insurance Gregory Ebel - President, CEO & Director Patrick Murray - Executive VP & CFO Michele Harradence - Executive VP and President of Gas Distribution & Storage Colin Gruending - Executive VP & President of Liquids Pipelines Matthew Akman - Executive VP & President of Gas Transmission Conference Call Participants Robert Catellier - CIBC Capital Markets, Research Division Elias Jossen - JPMorgan Chase & Co, Research Division Robert Hope - Scotiabank Global Banking and Markets, Research Division Maurice Choy - RBC Capital Markets, Research Division Manav Gupta - UBS Investment Bank, Research Division Benjamin Pham - BMO Capital Markets Equity Research Theresa Chen - Barclays Bank PLC, Research Division Aaron MacNeil - TD Cowen, Research Division Patrick Kenny - National Bank Financial, Inc., Research Division Presentation Marlon Samuel Vice President of Investor Relations & Insurance Good morning, and welcome to the Enbridge Inc. Third Quarter 2026 Conference Call. My name is Marlon Samuel, and I'm the Vice President of Investor Relations and Insurance.
Enbridge (ENB) came out with quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.33 per share a year ago.
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Benchmark ENB against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Enbridge Inc. (ENB)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $46.89 | $102.39B | 20.35 | 21.92% | 11.49% | 9.4% | 7.82% | |
| $29.96 | $66.71B | 21.87 | 12.45% | 19.64% | 11.02% | 3.91% | |
| $64.08 | $78.37B | 29.94 | 13.78% | 25% | 18.66% | 3.12% | |
| $20.16 | $69.37B | 14.93 | -0.05% | 5.57% | 11.82% | 6.42% | |
| $37.03 | $80.12B | 13.92 | -6.44% | 10.24% | 21.41% | 5.77% | |
| $61.92 | $64.46B | 26.62 | 10.29% | 22.46% | 9.64% | 3.87% |
Enbridge Inc. (ENB) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Enbridge Inc. (ENB) SEC filings — annual & quarterly reports (10-K, 10-Q)
Jul 31, 2026·SEC
May 8, 2026·SEC
May 7, 2026·SEC
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Enbridge Inc. (ENB) stock FAQ — growth, dividends, profitability & financials explained
Enbridge Inc. (ENB) reported $92.41B in revenue over the trailing twelve months. Revenue was $65.19B in fiscal year 2025. That is 2552% more than the $2.46B of fiscal year 1996.
Enbridge Inc. (ENB) grew revenue by 21.9% in fiscal year 2025, compared with the prior fiscal year.
Yes. Enbridge Inc. (ENB) earned $6.79B in net income over the trailing twelve months (a 7.4% net margin).
Yes. Enbridge Inc. (ENB) pays a dividend that yields 7.82% at the current price, a high yield.
Enbridge Inc. (ENB) had a return on equity (ROE) of 9.4% in fiscal year 2025. That is below the market's typical 10-15%.
Enbridge Inc. (ENB) generated $1.78B in free cash flow over the trailing twelve months.
