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Enbridge ENB Gas Transmission — Revenue Not From Contract With Customer

Other segment segments

Gas Distributionand Storage
$18M0.0%
Renewable Power Generation
$3M+200%
Liquids Pipelines
$0

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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:RevenueNotFromContractWithCustomer.

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
Three months ended March 31, 2026Liquids PipelinesGas TransmissionGas Distributionand StorageRenewable Power GenerationEliminations and OtherConsolidated
Gas distribution sales4,1134,113
Electricity revenue7777
Commodity sales38745
Total revenue from contracts with customers2,8571,6964,338778,968
Commodity sales12,5394955913,147
Other revenue1,266305294242
Intersegment revenue6183(27)
Total revenue15,4621,7814,40817453222,357

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Enbridge's gas transmission — revenue not from contract with customer?
Enbridge (ENB) reported gas transmission — revenue not from contract with customer of $6M in Q1 2026.
How has Enbridge's gas transmission — revenue not from contract with customer changed year-over-year?
Enbridge's gas transmission — revenue not from contract with customer decreased by 25.0% year-over-year, from $8M to $6M.
What is the long-term trend for Enbridge's gas transmission — revenue not from contract with customer?
Over 3 years (2022 to 2025), Enbridge's gas transmission — revenue not from contract with customer has grown at a 91.3% compound annual growth rate (CAGR), from $3M to $21M.
What does gas transmission — revenue not from contract with customer mean?
This captures income streams within the gas transmission segment that are not derived from standard customer service contracts. These may include incidental income, regulatory adjustments, or other non-contractual operational gains. It provides visibility into secondary revenue sources outside of core pipeline throughput agreements.

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