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Enbridge ENB Q3 2025 earnings

Reported November 7, 2025 · Before market open

Revenue estimate$9.1B
EPS estimate$0.39

Next report

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

Financials

Q3 2025

Income statement

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Revenue$14.6B-1.6%
Operating income$2.3B+2.4%
Net income$788.0M-43.4%
EPS (diluted)$0.30-49.2%

Balance sheet

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Cash & equivalents$1.4B-24.9%
Total debt$101.88B+15.4%
Total equity$65.2B-0.9%
Total assets$216.97B+5.4%

Cash flow

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Operating cash flow$2.9B-3.5%
CapEx$2.3B+42.2%
Free cash flow$547.0M-59.2%

Valuation & ratios

Q3 2025

Valuation

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Market cap$110.03B+24.4%
Enterprise value$210.5B+20.4%
P/E18.3×+5.0×
P/S1.7×-0.1×

Profitability

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Operating margin16.6%-2.0pp
Net margin9.4%-4.3pp
FCF margin6.7%-8.1pp

Returns & leverage

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Return on equity9.2%-1.0pp
Debt / equity1.6×+0.2×
Current ratio0.8×+0.2×

Segments

By product

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Transportation Revenue$4.4B+3.2%
Gas Distribution Revenue$1.3B+19.4%
Gas Distribution Sales$1.3B+18.6%
Storageand Other Revenue$357.0M+7.2%
Electricity Revenue$72.0M+100%

By segment

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Liquids Pipelines$11.2B-5.0%
Gas Transmission$1.6B+7.5%
Gas Distributionand Storage$1.5B+18.2%
Renewable Power Generation$130.0M-2.3%

Versus estimates

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Questions, answered.

When did Enbridge report Q3 2025 earnings?
Enbridge (ENB) reported Q3 2025 earnings on November 7, 2025 before market open.
What were Enbridge's Q3 2025 revenue and EPS?
Enbridge reported revenue of $14.6B and diluted EPS of $0.33 for Q3 2025.
Did Enbridge beat estimates in Q3 2025?
Revenue beat the consensus estimate of $9.1B by $5.6B. EPS missed the consensus estimate of $0.39 by $0.06.
How did Enbridge's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 33.9% from $10.9B a year earlier and diluted EPS declined 17.5% from $0.40.
Where can I find Enbridge's Q3 2025 SEC filings?
You can read the 8-K earnings release (0001193125-25-270987) and the 10-Q periodic report (0001193125-25-270991) directly on SEC EDGAR. The filing index links above go to sec.gov.