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Enbridge ENB Gas Distribution Revenue — Cost of Goods Sold

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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+17.0%
Enterprise value$118.78B-38.7%
P/E19.8×+4.4×

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
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
Operating income3,2253,672

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Enbridge's gas distribution revenue — cost of goods sold?
Enbridge (ENB) reported gas distribution revenue — cost of goods sold of $1.97B in Q1 2026.
How has Enbridge's gas distribution revenue — cost of goods sold changed year-over-year?
Enbridge's gas distribution revenue — cost of goods sold increased by 21.8% year-over-year, from $1.62B to $1.97B.
What is the long-term trend for Enbridge's gas distribution revenue — cost of goods sold?
Over 4 years (2021 to 2025), Enbridge's gas distribution revenue — cost of goods sold has grown at a 15.1% compound annual growth rate (CAGR), from $2.09B to $3.68B.
What does gas distribution revenue — cost of goods sold mean?
This metric captures the direct costs associated with procuring natural gas supplies and the operational expenses required to maintain the distribution infrastructure for end-user delivery. It includes commodity purchase costs, pipeline capacity charges, and direct maintenance expenses tied to the utility segment. Monitoring this helps assess the efficiency of the utility's procurement strategy and the underlying cost structure of its distribution network.

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