Enbridge Management
Management criteria checks 3/4
Enbridge's CEO is Greg Ebel, appointed in Jan 2023, has a tenure of 3.42 years. total yearly compensation is CA$24.39M, comprised of 8% salary and 92% bonuses, including company stock and options. directly owns 0.036% of the company’s shares, worth CA$61.21M. The average tenure of the management team and the board of directors is 2.9 years and 4.3 years respectively.
Key information
Greg Ebel
Chief executive officer
CA$24.4m
Total compensation
| CEO salary percentage | 8.05% |
| CEO tenure | 3.4yrs |
| CEO ownership | 0.04% |
| Management average tenure | 2.9yrs |
| Board average tenure | 4.3yrs |
Recent management updates
Recent updates
Analysis Article • Jun 20
Enbridge (TSX:ENB) Stock Could Be 65% Overvalued Based On A Popular Fair Value View
Recent Performance Snapshot for Enbridge Stock With no single headline event driving attention today, interest in Enbridge (TSX:ENB) is being shaped by its recent share performance and current fundamentals rather than a fresh catalyst. The stock closed at CA$77.47, with a gain of 0.5% over the past day and a decline of about 1.9% over the past week. Over the past month, Enbridge is down roughly 1.4%, while the past 3 months show a gain of about 5.7%. Looking over a longer horizon, Enbridge’s...
Narrative Update • Jun 06
ENB: Future Returns Will Reflect Regulated Assets AI Demand And Pipeline Expansion
Analysts have raised their Enbridge fair value estimate to CA$78.24 from CA$76.14, citing recent price target increases across the Street after Q1 updates and refreshed models in the energy infrastructure space. Analyst Commentary Street research on Enbridge has centered on refreshed models after Q1 updates, with several firms adjusting price targets while keeping a generally balanced stance on the stock.Narrative Update • Apr 29
ENB: Future Returns Will Reflect Rich Pricing And Regulated Utility Expansion
Analysts have slightly increased their fair value estimate for Enbridge, reflecting a somewhat higher CA$ price target supported by expectations for stronger revenue growth, a modestly lower future P/E and a stable but fractionally softer profit margin profile. Analyst Commentary Recent research on Enbridge has been active, with several price target revisions and a mix of more optimistic and more cautious views.Narrative Update • Apr 15
ENB: Future Returns Will Hinge On Rich Pricing And Utility Execution
The updated analyst price target for Enbridge reflects a modest fair value shift to CA$75.99, with recent CA$1 to CA$5 target increases from firms such as Argus, Citi, BMO Capital, RBC Capital, CIBC and Scotiabank, partly balanced by valuation driven downgrades from TD Securities and Jefferies, as analysts factor in the company’s diversified pipelines and its growing utility exposure. Analyst Commentary Recent research on Enbridge shows a mix of optimism and caution, with several firms lifting price targets while others are more restrained given the share price move and valuation.Narrative Update • Apr 01
ENB: Future Returns Will Depend On Utility Execution And Rich Market Pricing
Enbridge's fair value estimate nudged higher, supporting a modest lift in the implied CA$ price target. Analysts point to recent Street research that raised targets into the CA$72 to CA$77 range, citing the company's diversified pipeline and utility assets, minimal direct commodity exposure, and updated post earnings estimates.Narrative Update • Mar 18
ENB: Future Returns Will Rely On Utility Execution And Rich Market Pricing
Analysts have nudged the fair value estimate for Enbridge higher, with the implied price target moving roughly CA$1.48 to CA$75.29. This change is supported by a slightly lower discount rate, steady revenue growth and margin assumptions, and a modestly higher future P/E multiple after a series of recent CA$72 to CA$77 Street price target revisions.Narrative Update • Mar 04
ENB: Future Returns Will Depend On Gas Utility Delivery And Premium Valuation Risk
Analysts have lifted their Enbridge fair value estimate to CA$73.81 from CA$71.98, citing higher price targets across the Street and updated views on revenue growth, margins and future P/E assumptions. Analyst Commentary Recent Street research on Enbridge points to a mix of optimism on the company’s fundamentals and caution around where the shares are currently trading, which feeds directly into the updated fair value estimate.Narrative Update • Feb 17
ENB: Future Returns Will Rely On Gas Utility Execution And Dividend Progress
Analysts have nudged their fair value estimates for Enbridge higher. Our updated framework aligns to a CA$1.10 increase in modeled fair value to CA$71.98, as several firms raised price targets into the CA$72 to CA$77 range while citing improved visibility on long term growth, recent deal activity, and stronger valuation support, despite some downgrades following the stock's recent rally.Analysis Article • Feb 16
Industry Analysts Just Made A Meaningful Upgrade To Their Enbridge Inc. (TSE:ENB) Revenue Forecasts
Enbridge Inc. ( TSE:ENB ) shareholders will have a reason to smile today, with the analysts making substantial upgrades...Narrative Update • Feb 03
ENB: Future Returns Will Depend On Gas Utility Execution And Dividend Growth
Analysts have trimmed their fair value estimate for Enbridge by about $0.24, as a slightly higher discount rate and softer revenue outlook are being weighed against a small improvement in expected profit margins and a steady future P/E. Recent price target changes reflect mixed views across the Street.Analysis Article • Jan 29
Enbridge (TSE:ENB) Is Increasing Its Dividend To CA$0.97
The board of Enbridge Inc. ( TSE:ENB ) has announced that it will be paying its dividend of CA$0.97 on the 1st of...Narrative Update • Jan 20
ENB: Future Returns Will Hinge On Gas Utility Execution And Dividend Stability
Analysts have nudged their price targets on Enbridge slightly higher, with recent moves such as BMO to C$67, National Bank to C$66 and Scotiabank to C$70. They cite renewed interest in the company’s natural gas and utility assets as key support for the revised outlook.Narrative Update • Jan 06
ENB: Future Returns Will Rely On Dividend Durability And Execution Discipline
Analysts have inched their price targets on Enbridge higher, with moves such as C$65 to C$66, C$66 to C$67 and C$69 to C$70. These changes reflect updated views on fair value, discount rate, expected revenue contraction and profit margins, while generally maintaining more neutral Sector Perform and Market Perform stances.Narrative Update • Dec 17
ENB: Future Returns Will Depend On U.S. Investment Shift And Dividend Durability
Enbridge's fair value estimate has nudged higher to approximately C$71.07 from about C$70.45, as analysts gradually lift price targets across the midstream peer group while factoring in slightly softer revenue growth, broadly stable margins, and a modestly higher future P/E multiple. Analyst Commentary Recent Street research on Enbridge reflects a generally constructive but still balanced stance, with incremental price target increases clustered in the mid C$60s to around C$70 and rating language that largely reinforces a hold or market perform view.Narrative Update • Dec 03
ENB: Future Returns Will Rely On U.S. Projects And Dividend Stability
Analysts modestly raised their consolidated price target on Enbridge by C$1 to C$70, citing slightly improved long term revenue growth and profit margin assumptions, despite a largely unchanged risk profile. Analyst Commentary Recent research updates on Enbridge reflect a generally constructive but measured stance, with most price target revisions nudging higher while ratings largely remain neutral or sector perform.Narrative Update • Nov 19
ENB: Financial Outlook Will Remain Balanced Amid Shifting Investment Priorities
Enbridge's analyst price target has been revised higher, rising by nearly C$1 to reflect improved estimates for profit margins and a modestly lower discount rate. Recent analyst commentary highlights gradual optimism for the company's financial outlook.Narrative Update • Nov 03
ENB: U.S. Investments And Integration Progress Will Shape Near-Term Stability
Enbridge's analyst price target has increased modestly to C$69 from C$65. Analysts highlight recent earnings growth, as well as positive effects from acquisitions and rate settlements, as supporting factors.Narrative Update • Oct 20
Strong North American Energy Demand Will Fuel Infrastructure Resilience
Analysts have increased their price target for Enbridge from C$68.40 to C$69.17, citing stable sector fundamentals and expectations for steady earnings, even though revenue growth is expected to be modestly slower. Analyst Commentary Recent Street research has highlighted a range of perspectives on Enbridge’s outlook, reflecting both optimism for the company’s growth potential and some areas of near-term caution.Narrative Update • Sep 12
Strong North American Energy Demand Will Fuel Infrastructure Resilience
With both the discount rate and future P/E multiple remaining effectively unchanged, analysts made only a marginal upward revision to Enbridge’s fair value, increasing the consensus price target from CA$68.12 to CA$68.40. What's in the News Wells Fargo raised its Enbridge price target to C$62 from C$60 following a Q2 earnings beat, but maintained an Equal Weight (neutral) rating due to valuation (Periodicals).Analysis Article • Jul 27
We Think Enbridge (TSE:ENB) Is Taking Some Risk With Its Debt
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...Analysis Article • Jul 09
Here's What To Make Of Enbridge's (TSE:ENB) Decelerating Rates Of Return
What are the early trends we should look for to identify a stock that could multiply in value over the long term? One...
New Narrative • Nov 07
Pipelines And Renewables Propel Earnings Amidst Regulatory Challenges
Strategic acquisitions and projects in utilities, renewables, and gas lines are expected to drive stable long-term revenue and earnings growth.CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2026 | n/a | n/a | CA$6b |
| Dec 31 2025 | CA$24m | CA$2m | CA$7b |
| Sep 30 2025 | n/a | n/a | CA$6b |
| Jun 30 2025 | n/a | n/a | CA$6b |
| Mar 31 2025 | n/a | n/a | CA$6b |
| Dec 31 2024 | CA$24m | CA$2m | CA$5b |
| Sep 30 2024 | n/a | n/a | CA$6b |
| Jun 30 2024 | n/a | n/a | CA$6b |
| Mar 31 2024 | n/a | n/a | CA$6b |
| Dec 31 2023 | CA$19m | CA$2m | CA$6b |
| Sep 30 2023 | n/a | n/a | CA$3b |
| Jun 30 2023 | n/a | n/a | CA$4b |
| Mar 31 2023 | n/a | n/a | CA$2b |
| Dec 31 2022 | CA$728k | n/a | CA$3b |
| Sep 30 2022 | n/a | n/a | CA$5b |
| Jun 30 2022 | n/a | n/a | CA$5b |
| Mar 31 2022 | n/a | n/a | CA$6b |
| Dec 31 2021 | CA$674k | n/a | CA$6b |
| Sep 30 2021 | n/a | n/a | CA$6b |
| Jun 30 2021 | n/a | n/a | CA$6b |
| Mar 31 2021 | n/a | n/a | CA$6b |
| Dec 31 2020 | CA$701k | n/a | CA$3b |
| Sep 30 2020 | n/a | n/a | CA$2b |
| Jun 30 2020 | n/a | n/a | CA$2b |
| Mar 31 2020 | n/a | n/a | CA$2b |
| Dec 31 2019 | CA$706k | n/a | CA$5b |
Compensation vs Market: Greg's total compensation ($USD17.21M) is above average for companies of similar size in the Canadian market ($USD7.74M).
Compensation vs Earnings: Greg's compensation has been consistent with company performance over the past year.
CEO
Greg Ebel (62 yo)
3.4yrs
Tenure
CA$24,388,263
Compensation
Mr. Gregory Lorne Ebel, also known as Greg, had been an Independent Director of Baker Hughes Company (formerly known as Baker Hughes, a GE company), LLC since May 10, 2019 until January 25, 2023. He served...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.4yrs | CA$24.39m | 0.036% CA$ 61.2m | |
| Executive VP & CFO | 2.9yrs | CA$5.81m | 0.0020% CA$ 3.4m | |
| Executive VP of External Affairs & Chief Legal Officer | 2.4yrs | CA$5.67m | 0.000010% CA$ 16.9k | |
| Executive VP & President of Liquids Pipelines | 4.7yrs | CA$6.47m | 0.0081% CA$ 13.7m | |
| Advisor | 13.3yrs | CA$7.10m | 0% CA$ 0 | |
| Senior Vice President of Operations | less than a year | no data | 0.00091% CA$ 1.5m | |
| Senior VP & Chief Accounting Officer | 2.8yrs | no data | 0.00036% CA$ 609.0k | |
| VP & CTO | no data | no data | no data | |
| SVP & Chief Information Officer | no data | no data | no data | |
| Senior VP of Safety | 2.4yrs | no data | 0.0025% CA$ 4.2m | |
| Vice President of Investor Relations & Insurance | no data | no data | no data | |
| VP & Chief Compliance Officer | no data | no data | no data |
2.9yrs
Average Tenure
57yo
Average Age
Experienced Management: ENB's management team is considered experienced (2.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 9.3yrs | CA$24.39m | 0.036% CA$ 61.2m | |
| Independent Director | 1.4yrs | CA$448.46k | 0.00031% CA$ 524.4k | |
| Independent Chairman of the Board | 4.1yrs | CA$700.01k | 0.0015% CA$ 2.5m | |
| Independent Director | 7.3yrs | CA$478.49k | 0.00016% CA$ 270.7k | |
| Independent Director | 4.9yrs | CA$453.60k | 0.0026% CA$ 4.3m | |
| Independent Director | 7.3yrs | CA$485.83k | 0.00025% CA$ 422.9k | |
| Independent Director | 2.1yrs | CA$448.60k | 0.00076% CA$ 1.3m | |
| Independent Director | 4.1yrs | CA$452.71k | 0.0017% CA$ 2.9m | |
| Independent Director | 6yrs | CA$477.23k | 0.000080% CA$ 135.3k | |
| Independent Director | 4.6yrs | CA$474.85k | 0.00098% CA$ 1.7m | |
| Independent Director | 4.1yrs | CA$470.29k | 0.000080% CA$ 135.3k | |
| Independent Director | 2.6yrs | CA$448.60k | 0.000020% CA$ 33.8k |
4.3yrs
Average Tenure
68yo
Average Age
Experienced Board: ENB's board of directors are considered experienced (4.3 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/22 10:03 |
| End of Day Share Price | 2026/06/22 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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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. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Harshit Gupta | Accountability Research Corporation |
| John Eade | Argus Research Company |
| null null | Argus Research Company |