What is Enbridge's acquisitions?

Enbridge (ENB) reported acquisitions of $0 in Q4 2025.

How has Enbridge's acquisitions changed year-over-year?

Enbridge's acquisitions decreased by 100.0% year-over-year, from $407M to $0.

What is the long-term trend for Enbridge's acquisitions?

Over 2 years (2023 to 2025), Enbridge's acquisitions has grown at a -100.0% compound annual growth rate (CAGR), from $954M to $0.

What does acquisitions mean?

Cash paid for business acquisitions net of cash acquired in the target company — the primary M&A cash flow line.

Enbridge ENB Acquisitions

Acquisitions at other companies

Williams CompaniesWMB

$1M-99.9%

DT MidstreamDTM

-$2.5M-101%

Energy TransferET

$0—

MPLXMPLX

-$14M-106%

OneokOKE

$183M+123%

Kinder MorganKMI

——

Other financials

Income statement

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Revenue$22.4B+20.8%

Operating income$3.2B-12.2%

Net income$1.8B-24.8%

EPS (diluted)$0.76-26.2%

Balance sheet

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Cash & equivalents$1.6B-21.7%

Total debt$1.5B-98.5%

Total equity$65.0B-4.8%

Total assets$228.20B+3.7%

Cash flow

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Operating cash flow$2.3B-23.3%

CapEx$2.4B+41.6%

Free cash flow-$97.0M-107%

Valuation

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Market cap$119.21B+23.9%

Enterprise value$119.06B-38.3%

P/E17.3×+2.7×

P/S1.7×+0.2×

Profitability

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Operating margin15.2%-2.2pp

Net margin10%-0.3pp

FCF margin2.7%-5.9pp

Returns & leverage

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Return on equity10.4%+0.9pp

Debt / equity0×-1.4×

Current ratio0.8×+0.1×

Where this comes from

Reported directly by Enbridge in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired.

The official record: Enbridge’s 10-K, filed February 13, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Enbridge's acquisitions?: Enbridge (ENB) reported acquisitions of $0 in Q4 2025.
How has Enbridge's acquisitions changed year-over-year?: Enbridge's acquisitions decreased by 100.0% year-over-year, from $407M to $0.
What is the long-term trend for Enbridge's acquisitions?: Over 2 years (2023 to 2025), Enbridge's acquisitions has grown at a -100.0% compound annual growth rate (CAGR), from $954M to $0.
What does acquisitions mean?: Cash paid for business acquisitions net of cash acquired in the target company — the primary M&A cash flow line.