What is Enbridge's gas transmission — cost of revenue?

Enbridge (ENB) reported gas transmission — cost of revenue of $19M in Q1 2026.

How has Enbridge's gas transmission — cost of revenue changed year-over-year?

Enbridge's gas transmission — cost of revenue increased by 72.7% year-over-year, from $11M to $19M.

What does gas transmission — cost of revenue mean?

This represents the direct costs associated with operating the gas transmission assets, including maintenance, fuel for compressors, and direct labor. It reflects the efficiency of the physical operations required to move gas through the network. Monitoring this helps assess the operational leverage of the transmission business.

Enbridge ENB Gas Transmission — Cost Of Revenue

Other segment segments

Liquids Pipelines

$12.62B+42.6%

Gas Distributionand Storage

$1.98B+21.0%

Renewable Power Generation

$0+100%

Similar metrics at other companies

OKENatural Gas Pipelines — Cost of Revenue

$310M+18.8%

ESO

ESOAGas And Petroleum Transmission — Revenue (Gross)

$11.02M+225%

KNTKGas Service Revenues — Costs of sales (excluding depreciation and amortization)

$102.3M+64.5%

CNP

CNPGas transportation — Revenue

$2.75M0.0%

OKENatural Gas Gathering and Processing — Cost of Revenue

$1.29B-11.2%

FLOCNatural Gas Technologies — Cost Of Revenue

$43.68M-11.3%

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

See full

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

See full

Operating cash flow$2.3B-23.3%

CapEx$2.4B+41.6%

Free cash flow-$97.0M-107%

Valuation

See full

Market cap$124.16B+27.6%

Enterprise value$124.02B-36.1%

P/E18×+3.3×

P/S1.8×+0.3×

Profitability

See full

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:CostOfRevenue.

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 gas transmission — cost of revenue?: Enbridge (ENB) reported gas transmission — cost of revenue of $19M in Q1 2026.
How has Enbridge's gas transmission — cost of revenue changed year-over-year?: Enbridge's gas transmission — cost of revenue increased by 72.7% year-over-year, from $11M to $19M.
What does gas transmission — cost of revenue mean?: This represents the direct costs associated with operating the gas transmission assets, including maintenance, fuel for compressors, and direct labor. It reflects the efficiency of the physical operations required to move gas through the network. Monitoring this helps assess the operational leverage of the transmission business.