Enbridge Inc. (ENB) quarterly cash flow statement — complete operating, investing & financing history
Enbridge Inc. (ENB) cash flow statement — 30-year operating, investing & financing cash flows
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | 4.11B | 2.34B | 3.11B | 4B | 3.24B | 3.05B | 3.66B | 2.97B | 3.01B | 3.42B | 3.81B | 3.08B | 3.44B | 3.87B | 3.61B | 2.14B | 2.12B | 2.43B | 2.01B | 1.74B |
| Operating CF Margin % | 14.02% | 7.49% | 18.11% | 27.32% | 21.77% | 16.5% | 22.58% | 19.98% | 26.56% | 30.96% | 33.74% | 31.33% | 32.97% | 32.02% | 26.91% | 18.53% | 16.06% | 16.07% | 16.04% | 15.21% |
| Operating CF Growth % | 26.96% | -23.29% | -15.05% | 34.55% | 7.54% | -10.65% | -3.93% | -3.6% | -12.45% | -11.61% | 5.51% | 43.84% | 62.06% | 59.33% | 79.92% | 22.97% | -14.74% | -5.37% | -10.91% | -24.26% |
| Net Income | 1.57B | 1.78B | 2.13B | 1.18B | 2.32B | 2.49B | 618M | 1.45B | 1.94B | 1.56B | 1.57B | 623M | 2B | 1.87B | -1.11B | 1.38B | 462M | 1.62B | 1.53B | 614.8M |
| Depreciation & Amortization | 1.43B | 1.43B | 1.46B | 1.95B | 1.39B | 1.41B | 1.38B | 1.32B | 1.27B | 1.19B | 1.17B | 1.16B | 1.14B | 1.15B | 1.12B | 1.08B | 826.16M | 843.16M | 827.76M | 744.06M |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 260M | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 184M | 271M | 81M | 213.39M | 487M | 304M | -24M | 130M | 479M | 134M | 497M | 4M | 435M | 484M | 357M | 131M | 35.72M | 338.06M | 238.76M | 111.92M |
| Other Non-Cash Items | -306M | 781M | 101M | 513.26M | -1.02B | -250M | 1.47B | -76M | -477M | 825M | -269M | 1.06B | -448M | -544M | 2.39B | 18M | 709.69M | -175.02M | -153.38M | 621.89M |
| Working Capital Changes | 1.23B | -1.92B | -666M | 142.26M | 58M | -899M | 219M | 155M | -207M | -300M | 850M | 233M | 314M | 914M | 590M | -464M | 88.52M | -201.4M | -433.25M | -349.17M |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -3.07B | -2.83B | -3.32B | -3.54B | -2.86B | -1.79B | -4.45B | -4.68B | -3.63B | -8.06B | -2.54B | -1.17B | -896M | -1.44B | -2.11B | -1.04B | -775.69M | -1.13B | -4.27B | -1.73B |
| Capital Expenditures | -2.9B | -2.52B | -3.01B | -3.36B | -1.96B | -1.78B | -2.61B | -1.7B | -1.4B | -1.23B | -1.43B | -1.25B | -1B | -1.2B | -1.49B | -1.24B | -770.26M | -879.92M | -1.92B | -1.64B |
| CapEx % of Revenue | 9.89% | 8.04% | 17.5% | 22.98% | 13.2% | 9.64% | 16.08% | 11.4% | 12.34% | 11.12% | 12.63% | 12.72% | 9.61% | 9.9% | 11.07% | 10.73% | 5.83% | 5.83% | 15.36% | 14.29% |
| Acquisitions | 0 | 0 | 0 | 305.45M | 0 | 130M | -407M | -2.61B | -4.06B | -6.39B | -467M | 2M | -483M | 4M | -533M | 524M | 1.55M | 4.8M | -2.09B | 3.15M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -171M | -310M | -310M | -482.58M | -895M | -136M | 132M | 175M | -20M | -23M | 256M | 80M | 106M | 96M | -185M | -167M | 0 | 0 | 23.72M | -23.65M |
| Cash from Financing | -823M | 1.11B | -108M | -175.74M | -1.22B | -950M | 601M | 156M | 2.91B | -122M | 2.28B | -376M | -2.48B | -2.29B | -1.64B | -1.18B | -872.75M | -1.19B | 2.1B | 29.16M |
| Debt Issued (Net) | 1.49B | 3.48B | 2.17B | 1.96B | 1.03B | 1.33B | 2.79B | 2.34B | 2.57B | 2B | 4.34B | -2.84B | -342M | -286M | -751M | 803M | 893.72M | 1.03B | 3.81B | 1.51B |
| Equity Issued (Net) | 0 | 0 | 20M | 2.79M | 1M | 5M | 0 | 0 | 2.48B | 0 | 0 | 4.45B | -125M | 0 | 0 | 0 | -274.09M | -637.76M | -235.6M | 0 |
| Dividends Paid | -2.23B | -2.22B | -2.16B | -3.01B | -2.16B | -2.16B | -2.09B | -2.09B | -2.04B | -2.04B | -1.98B | -1.88B | -1.88B | -1.88B | -1.83B | -1.82B | -1.42B | -1.46B | -1.41B | -1.41B |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -125M | 0 | 0 | 0 | -274.87M | -639.36M | -237.18M | 0 |
| Other Financing | -91M | -141M | -137M | 870.31M | -90M | -131M | -96M | -88M | -107M | -80M | -84M | -102M | -130M | -121M | 934M | -161M | -75.32M | -121.48M | -66.41M | -71.73M |
| Net Change in Cash | 242M | 650M | -332M | 320.79M | -900M | 322M | -102M | -1.6B | 2.31B | -4.6B | 3.34B | 1.56B | 39M | 144M | -150M | -31M | 481.96M | 109.84M | -152.93M | 35.25M |
| Free Cash Flow | 1.21B | -173M | 105M | 636M | 1.27B | 1.27B | 1.05B | 1.28B | 1.66B | 2.19B | 2.38B | 1.83B | 2.44B | 2.67B | 2.13B | 902M | 1.38B | 1.59B | 155.75M | 157.64M |
| FCF Margin % | 4.13% | -0.55% | 0.61% | 4.34% | 8.56% | 6.86% | 6.5% | 8.58% | 14.67% | 19.84% | 21.11% | 18.61% | 23.36% | 22.12% | 15.84% | 7.79% | 10.45% | 10.52% | 1.24% | 1.37% |
| FCF Growth % | -4.87% | -113.62% | -90.04% | -50.2% | -23.39% | -42.01% | -55.81% | -30.29% | -31.76% | -18.01% | 12.13% | 103.1% | 76.42% | 68.11% | 1265.67% | 472.19% | 79.39% | 261.09% | -73.05% | -80.63% |
| FCF per Share | 0.55 | -0.08 | 0.05 | 0.29 | 0.58 | 0.58 | 0.47 | 0.59 | 0.78 | 1.03 | 1.12 | 0.89 | 1.20 | 1.32 | 1.05 | 0.44 | 0.68 | 0.78 | 0.08 | 0.08 |
| FCF Conversion (FCF/Net Income) | 2.74x | 0.96x | 1.51x | 5.08x | 1.42x | 1.29x | 6.15x | 2.14x | 1.55x | 2.26x | 2.10x | 4.97x | 1.78x | 2.13x | -3.68x | 1.57x | 3.57x | 1.20x | 1.04x | 2.24x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |