Investing
CapEx
Enbridge CapEx decreased by 19.5% to $2.44B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 41.6%, from $1.72B to $2.44B. Over 4 years (FY 2021 to FY 2025), CapEx shows an upward trend with a 3.5% CAGR.
Analysis
StatementCash Flow Statement
SectionInvesting
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026
How to read this metric
An increase signals growth investment or infrastructure modernization; a decrease might suggest cost-cutting or a transition to an asset-light model.
Detailed definition
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Peer comparison
Hardware-focused tech firms typically have higher CapEx relative to revenue than pure software companies due to manufacturing and supply chain needs.
Metric ID:
capital_expendituresHistorical Data
20 periods
| 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 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | 1.4B | 2B | 2.3B | 1B | 954M | 1.2B | 1.4B | 1.1B | 964M | 1.2B | 1.4B | 1.2B | 1.3B | 1.6B | 2.5B | 1.7B | 1.9B | 2.3B | 3B | 2.4B |
| QoQ Change | — | +43.3% | +16.5% | -55.3% | -9.0% | +26.0% | +20.0% | -21.8% | -14.6% | +23.5% | +15.0% | -13.5% | +13.8% | +21.1% | +56.0% | -32.3% | +10.3% | +22.2% | +30.5% | -19.5% |
| YoY Change | — | — | — | — | -32.1% | -40.3% | -38.4% | +7.7% | +1.0% | -0.9% | -5.1% | +5.0% | +39.8% | +37.0% | +85.8% | +45.4% | +40.9% | +42.2% | +19.0% | +41.6% |
Range954M – 3B
CAGR+12.3%
Avg YoY Growth+15.6%
Median YoY Growth+13.3%
CapEx at Other Companies
Frequently Asked Questions
- What is Enbridge's capex?
- Enbridge (ENB) reported capex of $2.44B in Q1 2026.
- How has Enbridge's capex changed year-over-year?
- Enbridge's capex increased by 41.6% year-over-year, from $1.72B to $2.44B.
- What is the long-term trend for Enbridge's capex?
- Over 4 years (2021 to 2025), Enbridge's capex has grown at a 3.5% compound annual growth rate (CAGR), from $7.82B to $8.97B.
- What does capex mean?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.