Enbridge Earnings: One More Acquisition to Close the Year as Debt Metrics Are Elevated
Enbridge reported third-quarter adjusted EBITDA of CAD 4.4 billion, in line with S&P consensus.
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
Indices Hunt for Support After Steep Weekly Losses as Volatility Gauge Stays Elevated
Enbridge 3Q Profit Rises on Derivative Gains
Enbridge Reports Strong Third Quarter Results, Places Over $3 Billion of Gas Transmission Projects Into Service, and Reaffirms 2026 Financial Guidance
Enbridge Inc. Declares Quarterly Dividends
Enbridge Inc. to Host Webcast to Discuss 2026 Third Quarter Results on November 6
Enbridge Announces the Closing of CDN$3.0 BillionCommon Equity Offering Inclusive of Underwriters' Over-Allotment Option
At $100 Oil, the Deal Flow Moved to Pipelines and Producing Wells
Enbridge Agrees to Buy Tallgrass Energy's Crude Oil Business for $2.55 Billion
Trading Information
- Previous Close Price
- $47.40
- Day Range
- $46.90–48.14
- 52-Week Range
- $45.03–58.45
- Bid/Ask
- $47.50 / $48.21
- Shares Outstanding
- 2.23B
- Market Cap
- $106.45B
- Volume/Avg
- 4M / 5M
Key Statistics
- Price/Earnings (Normalized)
- 22.29
- Price/Sales
- 1.61
- Dividend Yield (Trailing)
- 5.84%
- Dividend Yield (Forward)
- 5.75%
- Dividend Payment Schedule
- Mar, Jun, Sep, Dec
- Total Yield
- 5.84%
Company Profile
Enbridge owns extensive midstream assets that transport hydrocarbons across the US and Canada. Its pipeline network consists of the Canadian Mainline system, regional oil sands pipelines, and natural gas pipelines. The company also operates regulated natural gas utilities in the US and Canada, including Canada's largest natural gas distribution company. The firm has a small renewable energy portfolio primarily focused on onshore and offshore wind projects.
- Sector
- Energy
- Industry
- Oil & Gas Midstream
- Stock Style Box
- Large Value
- Total Number of Employees
- 14,800
- Website
- https://www.enbridge.com
Competitors
Valuation
Metric | ENB | TRP | EPD |
|---|---|---|---|
Price/Earnings (Normalized) | 22.29 | 22.36 | 12.27 |
Price/Book Value | 2.49 | 3.67 | 2.64 |
Price/Sales | 1.61 | 5.73 | 1.26 |
Price/Cash Flow | 10.45 | 10.62 | 8.37 |
Price/Earnings
ENB
TRP
EPD
Financial Strength
Metric | ENB | TRP | EPD |
|---|---|---|---|
Quick Ratio | 0.54 | 0.26 | 0.58 |
Current Ratio | 0.81 | 0.57 | 0.93 |
Interest Coverage | 2.78 | 2.78 | 5.34 |
Quick Ratio
ENB
TRP
EPD
Profitability
Metric | ENB | TRP | EPD |
|---|---|---|---|
Return on Assets (Normalized) | 2.87% | 3.31% | 8.29% |
Return on Equity (Normalized) | 11.17% | 15.89% | 22.34% |
Return on Invested Capital (Normalized) | 5.87% | 6.41% | 12.59% |
Return on Assets
ENB
TRP
EPD
Oil & Gas Midstream Industry Comparables
1-Day Chart | Name | Price | Morningstar Rating for Stocks | Capital Allocation | Economic Moat | Market Cap |
|---|---|---|---|---|---|---|
| Williams Companies Inc WMB | LOCK|!%^$Gz# | LOCK|@VJv | $84B | |||
| Enterprise Products Partners LP EPD | LOCK|<!CBWpSq | LOCK|kL | $80B | |||
| Kinder Morgan Inc Class P KMI | LOCK|PP#@jm | LOCK|y$K% | $69B | |||
| Energy Transfer LP ET | LOCK|%n | LOCK|>w | $67B | |||
| TC Energy Corp TRP | LOCK|<ZKdFQ | LOCK|n?f^ | $66B | |||
| Cheniere Energy Inc LNG | LOCK|?mph?G | LOCK|&@ | $60B | |||
| MPLX LP Partnership Units MPLX | LOCK|#&Rfvn | LOCK|SB<? | $57B | |||
| ONEOK Inc OKE | LOCK|pk<@cj | LOCK|<@@$ | $55B | |||
| Venture Global Inc Ordinary Shares - Class A VG | LOCK|m@Db&>t | LOCK|?t> | $30B |
United States