Enbridge Has Cultivated a Platform With Many Avenues for Further Investment
After completing the acquisition of three regional utilities, Enbridge has a highly diversified midstream platform with many productive avenues to deploy capital.
Enbridge Inc ENB
Bulls Say, Bears Say
Bulls
The Mainline system is critical to the Canadian oil sector and can expand capacity more effectively than competing pipelines.
Bears
Enbridge owns one of the best liquids pipelines for now, but competition could heat up with new entrants like Trans Mountain.
News
-
Enbridge Inc. to Host Webcast to Discuss 2026 Third Quarter Results on November 6
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Enbridge Announces the Closing of CDN$3.0 BillionCommon Equity Offering Inclusive of Underwriters' Over-Allotment Option
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At $100 Oil, the Deal Flow Moved to Pipelines and Producing Wells
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Enbridge Agrees to Buy Tallgrass Energy's Crude Oil Business for $2.55 Billion
-
Enbridge Appoints Michele Harradence as Next CEO
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Enbridge Announces Retirement of Greg Ebel and Names Michele Harradence as President and Chief Executive Officer, Effective January 1, 2027
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Enbridge Forms C$2.7 Billion Joint Venture with KKR, Apollo to Expand British Columbia Pipeline
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Enbridge and KKR Announce New Joint Venture to Support Investment in the Westcoast Pipeline System in BC
Trading Information
- Previous Close Price
- $47.89
- Day Range
- $47.70–48.24
- 52-Week Range
- $45.03–58.45
- Bid/Ask
- $48.01 / $48.30
- Shares Outstanding
- 2.23B
- Market Cap
- $107.01B
- Volume/Avg
- 4M / 5M
Key Statistics
- Price/Earnings (Normalized)
- 22.50
- Price/Sales
- 1.74
- Dividend Yield (Trailing)
- 5.81%
- Dividend Yield (Forward)
- 5.83%
- Dividend Payment Schedule
- Mar, Jun, Sep, Dec
- Total Yield
- 5.81%
Company Profile
Enbridge owns extensive midstream assets that transport hydrocarbons across the US and Canada. Its pipeline network consists of the Canadian Mainline system, regional oil sands pipelines, and natural gas pipelines. The company also operates regulated natural gas utilities in the US and Canada, including Canada's largest natural gas distribution company. The firm has a small renewable energy portfolio primarily focused on onshore and offshore wind projects.
- Sector
- Energy
- Industry
- Oil & Gas Midstream
- Stock Style Box
- Large Value
- Total Number of Employees
- 14,800
- Website
- https://www.enbridge.com
Competitors
Valuation
|
Metric
|
ENB
|
KMI
|
TRP
|
|---|---|---|---|
Price/Earnings (Normalized) | 22.50 | 22.20 | 23.41 |
Price/Book Value | 2.55 | 2.39 | 3.62 |
Price/Sales | 1.74 | 4.12 | 5.71 |
Price/Cash Flow | 10.61 | 11.47 | 10.95 |
Price/Earnings
ENB
KMI
TRP
Financial Strength
|
Metric
|
ENB
|
KMI
|
TRP
|
|---|---|---|---|
Quick Ratio | 0.49 | 0.29 | 0.35 |
Current Ratio | 0.72 | 0.46 | 0.61 |
Interest Coverage | 2.57 | 3.62 | 2.71 |
Quick Ratio
ENB
KMI
TRP
Profitability
|
Metric
|
ENB
|
KMI
|
TRP
|
|---|---|---|---|
Return on Assets (Normalized) | 2.90% | 4.64% | 3.20% |
Return on Equity (Normalized) | 11.12% | 10.86% | 15.25% |
Return on Invested Capital (Normalized) | 6.02% | 7.34% | 6.30% |
Return on Assets
ENB
KMI
TRP
Oil & Gas Midstream Industry Comparables
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United States