Goodwill
Enbridge Goodwill increased by 1.4% to $35.77B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 2.3%, from $36.6B to $35.77B. Over 5 years (FY 2020 to FY 2025), Goodwill shows relatively stable performance with a 1.5% CAGR.
Analysis
How to read this metric
A significant increase indicates recent M&A activity, while a decrease may signal impairment charges due to poor performance of acquired assets.
Detailed definition
This represents the premium paid over the fair market value of identifiable net assets during an acquisition. It reflect...
Peer comparison
Common in industries with high levels of consolidation and frequent M&A activity.
goodwillHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $32.01B | $32.57B | $32.78B | $32.5B | $33.28B | $35.27B | $32.44B | $32.41B | $31.89B | $32.39B | $31.85B | $34.29B | $34.32B | $34.86B | $36.6B | $36.6B | $35.16B | $35.68B | $35.28B | $35.77B |
| QoQ Change | — | +1.7% | +0.6% | -0.8% | +2.4% | +6.0% | -8.0% | -0.1% | -1.6% | +1.6% | -1.7% | +7.7% | +0.1% | +1.6% | +5.0% | -0.0% | -3.9% | +1.5% | -1.1% | +1.4% |
| YoY Change | — | — | — | — | +3.9% | +8.3% | -1.0% | -0.3% | -4.2% | -8.2% | -1.8% | +5.8% | +7.6% | +7.6% | +14.9% | +6.7% | +2.5% | +2.4% | -3.6% | -2.3% |
Business Segments
| Segment | Q4 '21 | Q4 '22 | Q4 '23 | Q4 '24 | Q4 '25 |
|---|---|---|---|---|---|
| Gas Distributionand Storage | $5.4B | $5.4B | $5.4B | $8.89B | $8.72B |
| Liquids Pipelines | $8.04B | $8.55B | $8.34B | $9.02B | $8.64B |
| Renewable Power Generation | $0 | $388M | — | $414M | $395M |
| Gas Transmission and Midstream | $19.34B | — | $17.73B | — | — |
| Total | $32.78B | $32.44B | $31.85B | $36.6B | $35.28B |
Gas Transmission and Midstream was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.
Goodwill at Other Companies
Frequently Asked Questions
- What is Enbridge's goodwill?
- Enbridge (ENB) reported goodwill of $35.77B in Q1 2026.
- How has Enbridge's goodwill changed year-over-year?
- Enbridge's goodwill decreased by 2.3% year-over-year, from $36.6B to $35.77B.
- What is the long-term trend for Enbridge's goodwill?
- Over 5 years (2020 to 2025), Enbridge's goodwill has grown at a 1.5% compound annual growth rate (CAGR), from $32.69B to $35.28B.
- What does goodwill mean?
- The excess price paid for an acquisition over the fair value of the assets and liabilities acquired.