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?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

Enbridge ENB CapEx

CapEx at other companies

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$220.64M+13.8%

Williams CompaniesWMB

$954M+39.9%

Enterprise Products PartnersEPD

$983M-7.4%

HES

Hess MidstreamHESM

$28.8M-36.7%

DT MidstreamDTM

$78M+9.9%

Kinder MorganKMI

——

Other financials

Income statement

See full

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%

Free cash flow-$97.0M-107%

Valuation

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Market cap$122.7B+25.7%

Enterprise value$122.55B-36.7%

P/E17.8×+2.3×

P/S1.8×+0.2×

Profitability

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Operating margin15.2%-2.2pp

Net margin10%-0.3pp

FCF margin2.7%-5.9pp

Returns & leverage

See full

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:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: Enbridge’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

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?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.