Enbridge Future Growth

Future criteria checks 1/6

Enbridge is forecast to grow earnings and revenue by 10.1% and 6% per annum respectively. EPS is expected to grow by 8.3% per annum. Return on equity is forecast to be 13.3% in 3 years.

Key information

10.1%

Earnings growth rate

8.3%

EPS growth rate

Oil and Gas earnings growth	3.0%
Revenue growth rate	6.0%
Future return on equity	13.3%
Analyst coverage	Good
Last updated	23 Apr 2024

Recent future growth updates

No updates

Recent updates

Enbridge: The Goldilocks Stock With Catalysts

Apr 26

Enbridge: The Dip Is An Opportunity For Appreciation And Income As The Dividend Approaches 8%

Apr 19

I Believe Enbridge Has Turned Into The Best Diversified 8%-Yielder Money Can Buy

Sep 13

Earnings and Revenue Growth Forecasts

NYSE:ENB - Analysts future estimates and past financials data (CAD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	52,109	7,820	8,360	14,020	2
12/31/2025	48,242	6,748	6,722	13,340	6
12/31/2024	45,094	6,218	6,634	12,429	6
12/31/2023	43,649	5,839	9,325	14,201	N/A
9/30/2023	45,775	3,046	9,067	14,002	N/A
6/30/2023	47,504	3,793	8,137	13,062	N/A
3/31/2023	50,287	2,395	7,242	12,157	N/A
12/31/2022	53,309	2,589	6,409	11,230	N/A
9/30/2022	52,405	5,496	4,151	9,507	N/A
6/30/2022	52,298	4,899	3,333	9,676	N/A
3/31/2022	50,031	5,843	2,561	9,631	N/A
12/31/2021	47,071	5,816	1,163	9,256	N/A
9/30/2021	44,559	5,751	1,872	9,620	N/A
6/30/2021	42,203	6,059	2,602	9,609	N/A
3/31/2021	39,211	6,312	3,008	9,536	N/A
12/31/2020	39,087	2,983	4,161	9,781	N/A
9/30/2020	41,431	1,954	3,948	9,520	N/A
6/30/2020	43,919	1,913	4,690	9,953	N/A
3/31/2020	49,226	2,002	4,761	10,031	N/A
12/31/2019	50,069	5,322	3,706	9,398	N/A
9/30/2019	49,279	5,665	3,573	9,908	N/A
6/30/2019	49,026	4,626	2,071	8,634	N/A
3/31/2019	46,508	3,961	2,393	9,484	N/A
12/31/2018	46,378	2,515	3,156	10,502	N/A
9/30/2018	47,705	1,633	1,727	9,342	N/A
6/30/2018	45,587	2,488	1,090	9,449	N/A
3/31/2018	45,958	2,336	-1,018	8,076	N/A
12/31/2017	44,378	2,529	-2,418	6,658	N/A
9/30/2017	40,827	2,687	N/A	6,373	N/A
6/30/2017	40,088	1,819	N/A	5,727	N/A
3/31/2017	36,911	1,201	N/A	5,126	N/A
12/31/2016	34,560	1,776	N/A	5,205	N/A
9/30/2016	34,136	1,789	N/A	4,925	N/A
6/30/2016	33,968	1,283	N/A	4,920	N/A
3/31/2016	34,660	1,559	N/A	4,911	N/A
12/31/2015	33,794	-37	N/A	4,571	N/A
9/30/2015	33,677	-327	N/A	4,475	N/A
6/30/2015	33,654	202	N/A	4,304	N/A
3/31/2015	35,049	381	N/A	3,755	N/A
12/31/2014	37,641	1,108	N/A	2,567	N/A
9/30/2014	37,137	749	N/A	2,672	N/A
6/30/2014	37,838	1,250	N/A	2,756	N/A
3/31/2014	35,542	536	N/A	2,881	N/A
12/31/2013	32,918	442	N/A	3,341	N/A
9/30/2013	31,632	938	N/A	3,062	N/A
6/30/2013	28,310	704	N/A	2,972	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ENB's forecast earnings growth (10.1% per year) is above the savings rate (2.4%).

Earnings vs Market: ENB's earnings (10.1% per year) are forecast to grow slower than the US market (14.1% per year).

High Growth Earnings: ENB's earnings are forecast to grow, but not significantly.

Revenue vs Market: ENB's revenue (6% per year) is forecast to grow slower than the US market (8.2% per year).

High Growth Revenue: ENB's revenue (6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: ENB's Return on Equity is forecast to be low in 3 years time (13.3%).

Enbridge Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Recent updates

Fourth quarter dividend of CA$0.92 announced

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Enbridge Inc. (TSX:ENB) completed the acquisition of Dominion Energy Questar Corporation from Dominion Energy, Inc. (NYSE:D).

Enbridge: Buy This 7.7% Yield While The Market Is Asleep

Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Enbridge Inc., Annual General Meeting, May 08, 2024

Enbridge Inc., Annual General Meeting, May 08, 2024

Upcoming dividend of CA$0.92 per share at 7.8% yield

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Enbridge Inc. to Report Q4, 2023 Results on Feb 09, 2024

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Enbridge Inc. Announces Quarterly Dividend, Payable on March 1, 2024

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Upcoming dividend of CA$0.89 per share at 7.7% yield

Enbridge: Rebound From Strong Technical Pivot Amid Q3 Earnings Drop

Enbridge Inc. (TSX:ENB) entered into an agreement to acquire Seven Operating Landfill-to-Renewable Natural Gas Assets Located in Texas and Arkansas from Morrow Renewables, LLC for $1.2 billion

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Enbridge Inc. (TSX:ENB) completed the acquisition of an unknown majority stake in in FortisBC Midstream Inc. from FortisBC Holdings Inc.

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Enbridge Inc. Announces Executive Changes

Enbridge Inc. to Report Q3, 2023 Results on Nov 03, 2023

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Enbridge: Making Some Smart Moves

Enbridge Inc. Announces Resignation of Robert R. Rooney as Executive Vice President & Chief Legal Officer