Business Segments · Goodwill
Liquids Pipelines — Goodwill
Enbridge Liquids Pipelines — Goodwill decreased by 4.2% to $8.64B in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 4.2%, from $9.02B to $8.64B.
Analysis
StatementSegment
CategoryGrowth
SignalContext dependent
VolatilityStable
First reportedQ4 2016
Last reportedQ4 2025
Rolls up toGoodwill
How to read this metric
A stable or growing balance suggests successful integration of past acquisitions, while a sudden decrease indicates an impairment charge due to reduced future earnings expectations.
Detailed definition
This represents the intangible asset created when the liquids pipeline segment acquires another business for a price exc...
Peer comparison
Standard accounting metric for any company that has grown through M&A activity.
Metric ID:
enb_segment_liquids_pipelines_goodwillHistorical Data
5 periods
| Q4 '21 | Q4 '22 | Q4 '23 | Q4 '24 | Q4 '25 | |
|---|---|---|---|---|---|
| Value | $8.04B | $8.55B | $8.34B | $9.02B | $8.64B |
| QoQ Change | — | +6.3% | -2.4% | +8.1% | -4.2% |
| YoY Change | — | +6.3% | -2.4% | +8.1% | -4.2% |
Range$8.04B – $9.02B
CAGR+7.4%
Avg YoY Growth+1.9%
Median YoY Growth+1.9%
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Frequently Asked Questions
- What is Enbridge's liquids pipelines — goodwill?
- Enbridge (ENB) reported liquids pipelines — goodwill of $8.64B in Q4 2025.
- How has Enbridge's liquids pipelines — goodwill changed year-over-year?
- Enbridge's liquids pipelines — goodwill decreased by 4.2% year-over-year, from $9.02B to $8.64B.
- What does liquids pipelines — goodwill mean?
- The premium paid for past acquisitions that remains on the balance sheet as an intangible asset.