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Enbridge ENB Q1 2025 earnings

Reported May 9, 2025 · Before market open

Revenue estimate$8.0B
EPS estimate$0.68

Next report

Jul 31, 2026 (in a month)
Revenue estimate$7.9B
EPS estimate$0.44

Financials

Q1 2025

Income statement

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Revenue$18.5B+67.6%
Operating income$3.7B+35.4%
Net income$2.4B+56.3%
EPS (diluted)$1.03+53.7%

Balance sheet

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Cash & equivalents$2.1B+71.9%
Total debt$98.0B+19.9%
Total equity$68.3B+6.2%
Total assets$220.05B+15.4%

Cash flow

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Operating cash flow$3.1B-3.1%
CapEx$1.7B+45.4%
Free cash flow$1.3B-32.3%

Valuation & ratios

Q1 2025

Valuation

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Market cap$96.56B+25.6%
Enterprise value$192.49B+22.3%
P/E15.3×+2.3×
P/S1.6×-0.2×

Profitability

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Operating margin17.4%-3.0pp
Net margin10.3%-3.5pp
FCF margin8.6%-12.0pp

Returns & leverage

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Return on equity9.5%+0.1pp
Debt / equity1.4×+0.2×
Current ratio0.7×0.0×

Segments

By product

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Transportation Revenue$4.7B+4.5%
Gas Distribution Revenue$3.7B+88.7%
Gas Distribution Sales$3.7B
Storageand Other Revenue$398.0M+33.1%
Electricity Revenue$42.0M-26.3%

By segment

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Liquids Pipelines$12.2B+77.0%
Gas Distributionand Storage$4.0B+85.6%
Gas Transmission$1.7B+9.1%
Renewable Power Generation$120.0M-8.4%

Versus estimates

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Questions, answered.

When did Enbridge report Q1 2025 earnings?
Enbridge (ENB) reported Q1 2025 earnings on May 9, 2025 before market open.
What were Enbridge's Q1 2025 revenue and EPS?
Enbridge reported revenue of $13.0B and diluted EPS of $0.72 for Q1 2025.
Did Enbridge beat estimates in Q1 2025?
Revenue beat the consensus estimate of $8.0B by $4.9B. EPS beat the consensus estimate of $0.68 by $0.04.
How did Enbridge's Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 59.8% from $8.1B a year earlier and diluted EPS grew 5.9% from $0.68.
Where can I find Enbridge's Q1 2025 SEC filings?
You can read the 10-Q periodic report (0000895728-25-000012) directly on SEC EDGAR. The filing index links above go to sec.gov.