Commodity sales / costs — Revenue Not From Contract With Customer
Enbridge Commodity sales / costs — Revenue Not From Contract With Customer increased by 8.5% to $9.05B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 5.8%, from $8.55B to $9.05B. Over 4 years (FY 2021 to FY 2025), Commodity sales / costs — Revenue Not From Contract With Customer shows an upward trend with a 6.8% CAGR.
Analysis
How to read this metric
An increase suggests higher exposure to spot market volatility or increased volume in non-contracted commodity trading. A decrease may indicate a shift toward more stable, contracted revenue streams or reduced spot market activity.
Detailed definition
This metric captures revenue from commodity sales activities that do not fall under the scope of standard customer contr...
Peer comparison
Comparable to 'Merchant Revenue' or 'Non-Contracted Commodity Sales' found in the financial disclosures of energy infrastructure firms with significant trading or marketing operations.
enb_segment_commodity_sales_revenue_not_from_contract_with_customerHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $6.72B | $6.72B | $6.72B | $7.29B | $7.29B | $7.29B | $7.29B | $4.78B | $4.68B | $4.65B | $4.85B | $4.11B | $5.25B | $8.95B | $8.55B | $9.53B | $8.10B | $8.34B | $9.05B |
| QoQ Change | — | +0.0% | +0.0% | +8.5% | +0.0% | +0.0% | +0.0% | -34.4% | -2.2% | -0.6% | +4.3% | -15.4% | +28.0% | +70.4% | -4.4% | +11.4% | -15.0% | +3.0% | +8.5% |
| YoY Change | — | — | — | — | +8.5% | +8.5% | +8.5% | -34.4% | -35.8% | -36.2% | -33.4% | -14.2% | +12.3% | +92.4% | +76.4% | +132.0% | +54.1% | -6.8% | +5.8% |
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Frequently Asked Questions
- What is Enbridge's commodity sales / costs — revenue not from contract with customer?
- Enbridge (ENB) reported commodity sales / costs — revenue not from contract with customer of $9.05B in Q4 2025.
- How has Enbridge's commodity sales / costs — revenue not from contract with customer changed year-over-year?
- Enbridge's commodity sales / costs — revenue not from contract with customer increased by 5.8% year-over-year, from $8.55B to $9.05B.
- What is the long-term trend for Enbridge's commodity sales / costs — revenue not from contract with customer?
- Over 4 years (2021 to 2025), Enbridge's commodity sales / costs — revenue not from contract with customer has grown at a 6.8% compound annual growth rate (CAGR), from $26.87B to $35.01B.
- What does commodity sales / costs — revenue not from contract with customer mean?
- Revenue from commodity sales that are not governed by formal customer contracts, such as spot market transactions.