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Enbridge Inc.TSX:ENB.PFC Stock Report

Market Cap CA$156.3b
Share Price
n/a
1Y13.9%
7D0.04%
1D0.7%
Portfolio Value
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Enbridge Inc.

TSX:ENB.PFC Stock Report

Market Cap: CA$156.3b

Last Earnings Call

Q2 2026 · 31 Jul 2026
Full Transcript

Earnings Summary

Enbridge Inc. (ENB) reported solid Q2 2026 results, characterized by high utilization across its four core business units. While adjusted EBITDA rose by over $130 million year-over-year, earnings per share (EPS) saw a slight decline due to increased depreciation from new assets and higher interest expenses. Management reaffirmed its 2026 guidance, citing strong momentum in Gas Transmission and utility franchises.

Key highlights include $9 billion in sanctioned capital for 2026, keeping the company on track for its $20 billion target through 2027. Management highlighted a $41 billion secured growth backlog and noted that energy demand—driven by data centers, power generation, and LNG—is creating the best growth environment in over a decade. While the "MLO2" project is being resequenced, Enbridge remains focused on disciplined capital allocation and growing its dividend, supported by a resilient, utility-like business model.

Analyst Consensus vs. Actual Results

  • Revenue: Consensus estimate was $11.85 billion; Enbridge reported $11.92 billion (Beat).
  • EPS: Consensus estimate was $0.68; Enbridge reported $0.66 (Miss).

Market Reaction

Enbridge shares fell approximately 2.1% on July 31, 2026. Analysts primarily cited the slight EPS miss and management's decision to delay/resequence the anticipated "MLO2" pipeline expansion as the main drivers for the negative market sentiment, despite the company's strong overall backlog and reaffirmed annual guidance.

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Enbridge Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Enbridge
Historical stock prices
Current Share PriceCA$24.57
52 Week HighCA$24.75
52 Week LowCA$21.04
Beta0.79
1 Month Change0.66%
3 Month Change2.12%
1 Year Change13.86%
3 Year Change60.07%
5 Year Change31.18%
Change since IPO-1.96%

Recent News & Updates

Recent updates

Shareholder Returns

ENB.PFCCA Oil and GasCA Market
7D0.04%-4.5%2.4%
1Y13.9%37.3%31.4%

Return vs Industry: ENB.PFC underperformed the Canadian Oil and Gas industry which returned 37.3% over the past year.

Return vs Market: ENB.PFC underperformed the Canadian Market which returned 31.2% over the past year.

Price Volatility

Is ENB.PFC's price volatile compared to industry and market?
ENB.PFC volatility
ENB.PFC Average Weekly Movement1.1%
Oil and Gas Industry Average Movement7.9%
Market Average Movement9.7%
10% most volatile stocks in CA Market16.2%
10% least volatile stocks in CA Market3.7%

Stable Share Price: ENB.PFC has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: ENB.PFC's weekly volatility (1%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
194914,800Greg Ebelwww.enbridge.com

Enbridge Inc., together with its subsidiaries, operates as an energy infrastructure company. The company operates through four segments: Liquids Pipelines, Gas Transmission, Gas Distribution and Storage, and Renewable Power Generation. The Liquids Pipelines segment operates pipelines and related terminals to transport, store, and export various grades of crude oil and other liquid hydrocarbons in Canada and the United States.

Enbridge Inc. Fundamentals Summary

How do Enbridge's earnings and revenue compare to its market cap?
ENB.PFC fundamental statistics
Market capCA$156.27b
Earnings (TTM)CA$5.67b
Revenue (TTM)CA$83.49b
27.5x
P/E Ratio
1.9x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ENB.PFC income statement (TTM)
RevenueCA$83.49b
Cost of RevenueCA$56.28b
Gross ProfitCA$27.21b
Other ExpensesCA$21.54b
EarningsCA$5.67b

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)2.60
Gross Margin32.59%
Net Profit Margin6.79%
Debt/Equity Ratio163.0%

How did ENB.PFC perform over the long term?

See historical performance and comparison

Dividends

5.4%
Current Dividend Yield
147%
Payout Ratio

Does ENB.PFC pay a reliable dividends?

See ENB.PFC dividend history and benchmarks
When do you need to buy ENB.PFC by to receive an upcoming dividend?
Enbridge dividend dates
Ex Dividend DateAug 14 2026
Dividend Pay DateSep 01 2026
Days until Ex dividend4 days
Days until Dividend pay date22 days

Does ENB.PFC pay a reliable dividends?

See ENB.PFC dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/08/09 18:00
End of Day Share Price 2026/08/07 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Enbridge Inc. is covered by 46 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Harshit GuptaAccountability Research Corporation
John EadeArgus Research Company
null nullArgus Research Company