Enbridge Income Statement

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Quarter	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Sep '25 Sep 30, 2025	Jun '25 Jun 30, 2025	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Sep '24 Sep 30, 2024	Jun '24 Jun 30, 2024	Mar '24 Mar 31, 2024	Dec '23 Dec 31, 2023	Sep '23 Sep 30, 2023	Jun '23 Jun 30, 2023	Mar '23 Mar 31, 2023	Dec '22 Dec 31, 2022	Sep '22 Sep 30, 2022	Jun '22 Jun 30, 2022	Mar '22 Mar 31, 2022	Dec '21 Dec 31, 2021	Sep '21 Sep 30, 2021	Jun '21 Jun 30, 2021
Revenue	22,357	17,177	14,639	14,876	18,502	16,217	14,882	11,336	11,038	11,298	9,844	10,432	12,075	13,424	11,573	13,215	15,097	12,520	11,466	10,948
Revenue Growth (YoY)	20.84%	5.92%	-1.63%	31.23%	67.62%	43.54%	51.18%	8.67%	-8.59%	-15.84%	-14.94%	-21.06%	-20.02%	7.22%	0.93%	20.71%	24.39%	25.10%	25.86%	37.61%
Cost of Revenue	15,131	10,042	8,487	8,556	10,951	9,492	9,066	5,482	5,000	5,388	4,831	4,917	6,230	7,575	6,630	8,637	9,747	7,368	7,467	6,719
Gross Profit	7,226	7,135	6,152	6,320	7,551	6,725	5,816	5,854	6,038	5,910	5,013	5,515	5,845	5,849	4,943	4,578	5,350	5,152	3,999	4,229
Selling, General & Admin	2,568	2,705	2,483	2,310	2,471	2,704	2,281	2,308	2,134	2,480	2,055	2,028	2,037	2,261	2,089	1,994	1,875	2,002	1,667	1,484
Depreciation & Amortization Expenses	1,433	1,464	1,398	1,391	1,408	1,384	1,317	1,273	1,193	1,166	1,164	1,137	1,146	1,122	1,076	1,064	1,055	1,047	944	929
Other Operating Expenses	-	240	-	330	-	190	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Operating Expenses	4,001	4,409	3,881	4,031	3,879	4,278	3,598	3,581	3,327	3,646	3,219	3,165	3,183	3,383	3,165	3,058	2,930	3,049	2,611	2,413
Operating Income	3,225	2,726	2,271	2,289	3,672	2,447	2,218	2,273	2,711	1,845	1,794	2,350	2,662	-540	1,778	1,520	2,420	2,103	1,388	1,816
Interest Income	541	534	451	510	729	640	479	489	696	478	343	478	517	519	536	510	491	524	440	352
Interest Expense	-1,222	-1,246	-1,262	-1,181	-1,334	-1,118	-1,314	-1,082	-905	-1,103	-921	-883	-905	-863	-806	-791	-719	-732	-648	-618
Other Non-Operating Income (Expense)	-179	442	-297	1,369	120	-1,120	376	1,060	-551	1,012	-465	575	102	335	193	-499	458	-	-167	241
Total Non-Operating Income (Expense)	-860	-270	-1,108	698	-485	-1,598	-459	467	-760	387	-1,043	170	-286	-9	-77	-780	230	-208	-375	-25
Pretax Income	2,365	2,456	1,163	2,987	3,187	849	1,759	2,740	1,951	2,232	751	2,520	2,376	-549	1,701	740	2,650	2,428	1,013	1,791
Provision for Income Taxes	587	325	316	666	697	231	312	739	386	664	128	519	510	560	318	133	593	463	199	270
Net Income	1,671	1,952	682	2,177	2,261	493	1,293	1,848	1,419	1,726	532	1,848	1,733	-1,067	1,279	450	1,927	1,840	682	1,394
Minority Interest in Earnings	-	71	59	42	126	23	56	58	53	-250	2	66	49	-126	21	12	28	32	34	37
Net Income Attributable to Preferred Dividends	107	108	106	102	103	102	98	95	93	92	89	87	84	84	83	145	102	93	98	90
Net Income to Common	1,671	1,952	682	2,177	2,261	493	1,293	1,848	1,419	1,726	532	1,848	1,733	-1,067	1,279	450	1,927	1,840	682	1,394
Net Income Growth	-26.10%	295.94%	-47.25%	17.80%	59.34%	-71.44%	143.04%	-	-18.12%	-	-58.40%	310.67%	-10.07%	-	87.54%	-67.72%	1.42%	3.66%	-31.11%	-15.36%
Shares Outstanding (Basic)	2,182	2,180	2,181	2,180	2,179	2,178	2,177	2,137	2,126	2,126	2,048	2,024	2,025	2,025	2,025	2,026	2,026	2,024	2,024	2,024
Shares Outstanding (Diluted)	2,188	2,186	2,187	2,186	2,185	2,178	2,180	2,139	2,128	2,126	2,049	2,027	2,028	2,025	2,028	2,030	2,029	2,024	2,026	2,026
Shares Change (YoY)	0.14%	0.37%	0.32%	2.20%	2.68%	2.45%	6.39%	5.53%	4.93%	4.99%	1.04%	-0.15%	-0.05%	0.05%	0.10%	0.20%	0.30%	0.15%	0.25%	0.30%
EPS (Basic)	0.77	0.89	0.30	1.00	1.04	0.23	0.59	0.86	0.67	0.81	0.26	0.91	0.86	-0.53	0.63	0.22	0.95	0.91	0.34	0.69
EPS (Diluted)	0.76	0.89	0.30	1.00	1.03	0.23	0.59	0.86	0.67	0.81	0.26	0.91	0.85	-0.53	0.63	0.22	0.95	0.91	0.34	0.69
EPS Growth	-26.21%	286.96%	-49.15%	16.28%	53.73%	-71.60%	126.92%	-5.50%	-21.18%	-	-58.73%	313.64%	-10.53%	-	85.29%	-68.12%	1.06%	3.41%	-30.61%	-15.85%
Shares Outstanding	2,184	2,182	2,181	2,181	2,180	2,178	2,178	2,177	2,126	2,125	2,126	2,023	2,025	2,025	2,025	2,025	2,026	2,026	2,026	2,026
Free Cash Flow	-97	82	547	1,338	1,330	1,116	1,341	1,466	1,966	2,442	1,893	2,475	2,737	2,170	942	1,580	1,891	-41	151	823
Free Cash Flow Growth	-	-92.65%	-59.21%	-8.73%	-32.35%	-54.30%	-29.16%	-40.77%	-28.17%	12.53%	100.95%	56.65%	44.74%	-	523.84%	91.98%	274.45%	-	-82.52%	-32.04%
Free Cash Flow Per Share	-0.04	0.04	0.25	0.61	0.61	0.51	0.62	0.69	0.92	1.15	0.92	1.22	1.35	1.07	0.46	0.78	0.93	-0.02	0.07	0.41
Dividends Per Share	0.970	0.943	0.943	0.943	0.940	0.900	0.920	0.915	0.920	0.880	0.890	0.890	0.890	0.860	0.860	0.860	0.860	0.835	0.835	0.835
Dividend Growth	3.19%	4.72%	2.45%	3.00%	2.17%	2.27%	3.37%	2.81%	3.37%	2.33%	3.49%	3.49%	3.49%	2.99%	2.99%	2.99%	2.99%	3.09%	3.09%	3.09%
Gross Margin	32.32%	41.54%	42.02%	42.48%	40.81%	41.47%	39.08%	51.64%	54.70%	52.31%	50.92%	52.87%	48.41%	43.57%	42.71%	34.64%	35.44%	41.15%	34.88%	38.63%
Operating Margin	14.42%	15.87%	15.51%	15.39%	19.85%	15.09%	14.90%	20.05%	24.56%	16.33%	18.22%	22.53%	22.05%	-4.02%	15.36%	11.50%	16.03%	16.80%	12.11%	16.59%
Profit Margin	7.95%	12.41%	5.79%	15.60%	13.46%	3.81%	9.72%	17.65%	14.18%	13.88%	6.33%	19.18%	15.45%	-8.26%	11.95%	4.59%	13.63%	15.69%	7.10%	13.89%
FCF Margin	-0.43%	0.48%	3.74%	8.99%	7.19%	6.88%	9.01%	12.93%	17.81%	21.61%	19.23%	23.73%	22.67%	16.17%	8.14%	11.96%	12.53%	-0.33%	1.32%	7.52%
EBITDA	4,658	4,190	3,669	3,680	5,080	3,831	3,535	3,546	3,904	3,011	2,958	3,487	3,808	582	2,854	2,584	3,475	3,150	2,332	2,745
EBITDA Margin	20.83%	24.39%	25.06%	24.74%	27.46%	23.62%	23.75%	31.28%	35.37%	26.65%	30.05%	33.43%	31.54%	4.34%	24.66%	19.55%	23.02%	25.16%	20.34%	25.07%
EBIT	3,225	2,726	2,271	2,289	3,672	2,447	2,218	2,273	2,711	1,845	1,794	2,350	2,662	-540	1,778	1,520	2,420	2,103	1,388	1,816
EBIT Margin	14.42%	15.87%	15.51%	15.39%	19.85%	15.09%	14.90%	20.05%	24.56%	16.33%	18.22%	22.53%	22.05%	-4.02%	15.36%	11.50%	16.03%	16.80%	12.11%	16.59%
Effective Tax Rate	24.82%	13.23%	27.17%	22.30%	21.87%	27.21%	17.74%	26.97%	19.78%	29.75%	17.04%	20.60%	21.46%	-102.00%	18.69%	17.97%	22.38%	19.07%	19.64%	15.08%

Updated May 8, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q