What is Enbridge's commodity sales revenue — cost of goods sold?

Enbridge (ENB) reported commodity sales revenue — cost of goods sold of $8.81B in Q4 2025.

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 3.5% year-over-year, from $8.51B to $8.81B.

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?

The direct costs incurred to acquire and supply the physical commodities sold to customers.

Products & Services · Cost of Goods Sold

Commodity Sales Revenue — Cost of Goods Sold

Enbridge Commodity Sales Revenue — Cost of Goods Sold increased by 7.3% to $8.81B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 3.5%, from $8.51B to $8.81B. Over 4 years (FY 2021 to FY 2025), Commodity Sales Revenue — Cost of Goods Sold shows an upward trend with a 6.6% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementSegment

CategoryProfitability

SignalLower is better

VolatilityVolatile

First reportedQ1 2016

Last reportedQ4 2025

Rolls up toTotal Cost of Revenue

How to read this metric

An increase relative to revenue suggests margin compression due to rising procurement costs or supply chain inefficiencies, while a decrease may indicate improved procurement leverage.

Detailed definition

This metric captures the direct costs associated with the procurement and delivery of physical commodities sold by the c...

Peer comparison

Comparable to cost of sales or cost of energy procurement reported by integrated energy and utility companies.

Metric ID: enb_segment_commodity_sales_revenue_cost_of_goods_and_services_sold

Historical Data

19 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
Value	$6.43B	$7.35B	$6.63B	$8.29B	$8.18B	$6.30B	$6.17B	$4.64B	$4.55B	$4.65B	$4.69B	$4.01B	$5.17B	$8.87B	$8.51B	$9.34B	$8.01B	$8.21B	$8.81B
QoQ Change	—	+14.3%	-9.7%	+25.0%	-1.3%	-23.0%	-2.1%	-24.9%	-1.9%	+2.2%	+1.0%	-14.6%	+29.1%	+71.4%	-4.0%	+9.7%	-14.2%	+2.5%	+7.3%
YoY Change	—	—	—	—	+27.2%	-14.3%	-7.0%	-44.1%	-44.4%	-26.2%	-23.9%	-13.6%	+13.7%	+90.7%	+81.4%	+133.0%	+54.8%	-7.4%	+3.5%

Range$4.01B – $9.34B

CAGR+7.2%

Avg YoY Growth+14.9%

Median YoY Growth-7.0%

Current Streak2 quarters growth

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Frequently Asked Questions

What is Enbridge's commodity sales revenue — cost of goods sold?: Enbridge (ENB) reported commodity sales revenue — cost of goods sold of $8.81B in Q4 2025.
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 3.5% year-over-year, from $8.51B to $8.81B.
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?: The direct costs incurred to acquire and supply the physical commodities sold to customers.