Discontinued — last reported Q4 '25
PP&E (Net)
Enbridge PP&E (Net) increased by 0.5% to $131.6B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 0.4%, from $131.1B to $131.6B. Over 5 years (FY 2020 to FY 2025), PP&E (Net) shows an upward trend with a 6.8% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase indicates ongoing capital investment in infrastructure, while a decrease suggests depreciation is outpacing new capital spending.
Detailed definition
This represents the net book value of long-term, tangible assets such as pipelines, storage facilities, and utility infr...
Peer comparison
High in midstream and utility sectors due to the capital-intensive nature of pipeline and distribution networks.
property_plant_equipment_netHistorical 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $95.27B | $98.1B | $100.07B | $99.35B | $101.29B | $105.25B | $104.46B | $104.25B | $103.96B | $105.58B | $104.64B | $113.45B | $120.29B | $124.43B | $131.1B | $131.58B | $128.18B | $130.95B | $131.6B |
| QoQ Change | — | +3.0% | +2.0% | -0.7% | +2.0% | +3.9% | -0.8% | -0.2% | -0.3% | +1.6% | -0.9% | +8.4% | +6.0% | +3.4% | +5.4% | +0.4% | -2.6% | +2.2% | +0.5% |
| YoY Change | — | — | — | — | +6.3% | +7.3% | +4.4% | +4.9% | +2.6% | +0.3% | +0.2% | +8.8% | +15.7% | +17.9% | +25.3% | +16.0% | +6.6% | +5.2% | +0.4% |
Business Segments
| Segment | Q4 '22 | Q4 '23 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Liquids Pipelines | $53.57B | $51.86B | $53.86B | $53.69B | $51.84B | $52.27B | $51.69B | $52.15B |
| Gas Distributionand Storage | $17.86B | $18.77B | $38.64B | $38.91B | $38.26B | $39.2B | $39.64B | $40.28B |
| Gas Transmission | — | — | $34.68B | $34.94B | $33.98B | $35.08B | $35.42B | $36.75B |
| Renewable Power Generation | $3.08B | $2.71B | $3.61B | $3.72B | $3.78B | $4.08B | $4.44B | $4.88B |
| Energy Services Consolidate | $6M | — | — | — | — | — | — | — |
| Gas Transmission and Midstream | $29.67B | — | — | — | — | — | — | — |
| Total | $104.46B | $104.64B | $131.1B | $131.58B | $128.18B | $130.95B | $131.6B | — |
Gas Transmission and Midstream was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.
PP&E (Net) at Other Companies
Frequently Asked Questions
- What is Enbridge's pp&e (net)?
- Enbridge (ENB) reported pp&e (net) of $131.6B in Q4 2025.
- How has Enbridge's pp&e (net) changed year-over-year?
- Enbridge's pp&e (net) increased by 0.4% year-over-year, from $131.1B to $131.6B.
- What is the long-term trend for Enbridge's pp&e (net)?
- Over 5 years (2020 to 2025), Enbridge's pp&e (net) has grown at a 6.8% compound annual growth rate (CAGR), from $94.57B to $131.6B.
- What does pp&e (net) mean?
- The net value of the company's physical assets like buildings, machinery, and infrastructure after depreciation.