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Enbridge ENB Liquids Pipelines — Cost Of Revenue

Other segment segments

Gas Distributionand Storage
$1.98B+21.0%
Gas Transmission
$19M+72.7%
Renewable Power Generation
$0+100%

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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$1.8B-24.8%
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$2.3B-23.3%
CapEx$2.4B+41.6%
Free cash flow-$97.0M-107%

Valuation

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Market cap$124.16B+27.6%
Enterprise value$124.02B-36.1%
P/E18×+3.3×
P/S1.8×+0.3×

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: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 liquids pipelines — cost of revenue?
Enbridge (ENB) reported liquids pipelines — cost of revenue of $12.62B in Q1 2026.
How has Enbridge's liquids pipelines — cost of revenue changed year-over-year?
Enbridge's liquids pipelines — cost of revenue increased by 42.6% year-over-year, from $8.85B to $12.62B.
What is the long-term trend for Enbridge's liquids pipelines — cost of revenue?
Over 4 years (2021 to 2025), Enbridge's liquids pipelines — cost of revenue has grown at a 502.9% compound annual growth rate (CAGR), from $25M to $33.04B.
What does liquids pipelines — cost of revenue mean?
This includes all direct costs associated with operating the liquids pipeline infrastructure, such as maintenance, power for pumping stations, and field labor. It represents the variable and fixed costs directly tied to the delivery of transportation services. Monitoring this is essential for assessing the operational efficiency and margin profile of the pipeline network.