Business Segments · Equity Method Investments
Liquids Pipelines — Equity Method Investments
Enbridge Liquids Pipelines — Equity Method Investments decreased by 6.7% to $2.63B in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 6.7%, from $2.82B to $2.63B. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementSegment
CategoryCapital Allocation
SignalHigher is better
VolatilityModerate
First reportedQ4 2016
Last reportedQ4 2025
Rolls up toEquity method investments (Note 11)
How to read this metric
An increase reflects new investments or positive earnings from partners, while a decrease may signal divestments or losses within the joint venture portfolio.
Detailed definition
This represents the carrying value of the segment's investments in entities where it exercises significant influence but...
Peer comparison
Standard for midstream firms that utilize joint ventures to manage large-scale cross-border pipeline projects.
Metric ID:
enb_segment_liquids_pipelines_equity_method_investmentsHistorical Data
5 periods
| Q4 '21 | Q4 '22 | Q4 '23 | Q4 '24 | Q4 '25 | |
|---|---|---|---|---|---|
| Value | $2.63B | $2.74B | $2.66B | $2.82B | $2.63B |
| QoQ Change | — | +4.2% | -3.0% | +6.0% | -6.7% |
| YoY Change | — | +4.2% | -3.0% | +6.0% | -6.7% |
Range$2.63B – $2.82B
CAGR-0.2%
Avg YoY Growth+0.1%
Median YoY Growth+0.6%
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Frequently Asked Questions
- What is Enbridge's liquids pipelines — equity method investments?
- Enbridge (ENB) reported liquids pipelines — equity method investments of $2.63B in Q4 2025.
- How has Enbridge's liquids pipelines — equity method investments changed year-over-year?
- Enbridge's liquids pipelines — equity method investments decreased by 6.7% year-over-year, from $2.82B to $2.63B.
- What does liquids pipelines — equity method investments mean?
- The total accounting value of the segment's stakes in joint ventures and partnerships.