Discontinued — last reported Q4 '23
Gas Transmissionand Midstream — Operating and administrative
Enbridge Gas Transmissionand Midstream — Operating and administrative increased by 15.1% to $665.00M in Q4 2023 compared to the prior quarter. Year-over-year, this metric grew by 4.9%, from $634.00M to $665.00M. Over 2 years (FY 2021 to FY 2023), Gas Transmissionand Midstream — Operating and administrative shows an upward trend with a 12.6% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
Rising costs without proportional revenue growth suggest declining administrative efficiency or increased corporate overhead allocation.
Detailed definition
Represents the overhead costs required to manage the gas transmission and midstream segment, including personnel, corpor...
Peer comparison
Standard 'SG&A' or 'Operating Expenses' reported by midstream peers.
enb_segment_gas_transmission_and_midstream_operating_and_administrativeHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | 424M | 445M | 574M | 530M | 545M | 545M | 634M | 549M | 588M | 578M | 665M |
| QoQ Change | — | +5.0% | +29.0% | -7.7% | +2.8% | +0.0% | +16.3% | -13.4% | +7.1% | -1.7% | +15.1% |
| YoY Change | — | — | — | — | +28.5% | +22.5% | +10.5% | +3.6% | +7.9% | +6.1% | +4.9% |
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Frequently Asked Questions
- What is Enbridge's gas transmissionand midstream — operating and administrative?
- Enbridge (ENB) reported gas transmissionand midstream — operating and administrative of $665.00M in Q4 2023.
- How has Enbridge's gas transmissionand midstream — operating and administrative changed year-over-year?
- Enbridge's gas transmissionand midstream — operating and administrative increased by 4.9% year-over-year, from $634.00M to $665.00M.
- What is the long-term trend for Enbridge's gas transmissionand midstream — operating and administrative?
- Over 2 years (2021 to 2023), Enbridge's gas transmissionand midstream — operating and administrative has grown at a 12.6% compound annual growth rate (CAGR), from $1.88B to $2.38B.
- What does gas transmissionand midstream — operating and administrative mean?
- The administrative and overhead expenses required to run the gas transmission and midstream segment.