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Enbridge ENB Commodity Sales Revenue — Cost of Goods Sold

Other product segments

Gas Distribution Revenue
$1.97B+21.8%

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Other financials

Income statement

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Revenue$22.4B+20.8%
Operating income$3.2B-12.2%
Net income$1.4B-38.7%
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$4.1B+27.0%
CapEx$2.4B+41.6%
Free cash flow-$97.0M-107%

Valuation

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Market cap$118.92B+16.2%
Enterprise value$118.78B-38.7%
P/E19.8×+4.3×

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 / equity-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:CostOfGoodsAndServicesSold.

The source filing: Enbridge’s 10-Q, filed May 8, 2026.

Filed
May 8, 2026, 7:05 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001193125-26-213266
Line itemThree months ended March 31, 2026Three months ended March 31, 2025
Transportation and other services5,0265,254
Total operating revenues (Note 3)22,35718,502
Operating expenses
Commodity costs13,1639,335
Gas distribution costs1,9681,616
Operating and administrative2,5682,471
Depreciation and amortization1,4331,408
Total operating expenses19,13214,830

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Enbridge's commodity sales revenue — cost of goods sold?
Enbridge (ENB) reported commodity sales revenue — cost of goods sold of $13.16B in Q1 2026.
How has Enbridge's commodity sales revenue — cost of goods sold changed year-over-year?
Enbridge's commodity sales revenue — cost of goods sold increased by 41.0% year-over-year, from $9.34B to $13.16B.
What is the long-term trend for Enbridge's commodity sales revenue — cost of goods sold?
Over 4 years (2021 to 2025), Enbridge's commodity sales revenue — cost of goods sold has grown at a 6.6% compound annual growth rate (CAGR), from $26.61B to $34.36B.
What does commodity sales revenue — cost of goods sold mean?
This metric captures the direct costs associated with the procurement and delivery of physical commodities sold by the company. It primarily includes the purchase price of the commodities themselves, along with any directly attributable logistics or processing costs required to bring the product to market. Monitoring this cost is essential for evaluating the gross margin efficiency of the commodity sales segment.

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