Enbridge ENB Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| Gas Distributionand Storage | $4.41B+39.1% | $3.17B+109% | $1.52B-24.9% | $2.02B-49.0% | $3.96B+44.1% | |
| Gas Transmission | $1.78B+2.6% | $1.74B+8.7% | $1.6B-0.4% | $1.6B-6.5% | $1.72B+4.0% | |
| Liquids Pipelines | $15.46B+31.7% | $11.74B+5.0% | $11.18B+3.2% | $10.84B-11.1% | $12.18B+7.2% | |
| Renewable Power Generation | $174M+4.8% | $166M+27.7% | $130M-10.3% | $145M+20.8% | $120M-16.7% | |
| Nonoperating Income Expense by Business | ||||||
| Gas Distributionand Storage | $52M-8.8% | $57M+16.3% | $49M-24.6% | $65M+32.7% | $49M+16.7% | |
| Gas Transmission | $127M+135% | $54M-15.6% | $64M-49.6% | $127M+108% | $61M-36.5% | |
| Liquids Pipelines | $0-100% | $28M+180% | $10M-54.5% | $22M+15.8% | $19M-40.6% | |
| Renewable Power Generation | $13M-53.6% | $28M+75.0% | $16M+100% | $8M-82.6% | $46M+283% | |
| Revenue Not From Contract With Customer by Business | ||||||
| Gas Distributionand Storage | $18M+157% | $7M+333% | -$3M-200% | -$1M-106% | $18M+200% | |
| Gas Transmission | $6M0.0% | $6M+100% | $3M-25.0% | $4M-50.0% | $8M+100% | |
| Liquids Pipelines | $0— | $0— | $0— | $0— | $0— | |
| Renewable Power Generation | $3M+200% | $1M-50.0% | $2M-33.3% | $3M+200% | $1M0.0% | |
| Cost Of Revenue by Business | ||||||
| Gas Distributionand Storage | $1.98B+59.7% | $1.24B+336% | $284M-48.6% | $553M-66.2% | $1.63B+66.4% | |
| Gas Transmission | $19M-34.5% | $29M+142% | $12M-25.0% | $16M+45.5% | $11M-15.4% | |
| Liquids Pipelines | $12.62B+50.0% | $8.42B+4.8% | $8.03B+3.8% | $7.74B-12.5% | $8.85B+9.1% | |
| Renewable Power Generation | $0— | $0-100% | $2M+300% | -$1M+66.7% | -$3M0.0% | |
| Income Loss From Continuing Operations Before Interest Income Taxes Extraordinary Items Noncontrolling Interest by Business | ||||||
| Gas Distributionand Storage | 170,900,000,000%+57,000,000,000pp | 113,900,000,000%+57,900,000,000pp | 56,000,000,000%+5,000,000,000pp | 51,000,000,000%-109,000,000,000pp | 160,000,000,000%+58,500,000,000pp | |
| Gas Transmission | 157,000,000,000%+26,400,000,000pp | 130,600,000,000%+3,600,000,000pp | 127,000,000,000%-17,200,000,000pp | 144,200,000,000%-3,100,000,000pp | 147,300,000,000%+32,300,000,000pp | |
| Liquids Pipelines | 195,700,000,000%-23,200,000,000pp | 218,900,000,000%-9,400,000,000pp | 228,300,000,000%-4,800,000,000pp | 233,100,000,000%-26,200,000,000pp | 259,300,000,000%+24,100,000,000pp | |
| Renewable Power Generation | 18,800,000,000%-1,100,000,000pp | 19,900,000,000%+11,000,000,000pp | 8,900,000,000%-2,000,000,000pp | 10,900,000,000%-11,400,000,000pp | 22,300,000,000%-1,300,000,000pp | |
| PP&E (Net) by Business | ||||||
| Gas Distributionand Storage | $40.28B+1.6% | $39.64B+1.1% | $39.2B+2.5% | $38.26B-1.7% | $38.91B+0.7% | |
| Gas Transmission | $36.75B+3.7% | $35.42B+1.0% | $35.08B+3.2% | $33.98B-2.7% | $34.94B+0.7% | |
| Liquids Pipelines | $52.15B+0.9% | $51.69B-1.1% | $52.27B+0.8% | $51.84B-3.5% | $53.69B-0.3% | |
| Renewable Power Generation | $4.88B+10.0% | $4.44B+8.9% | $4.08B+7.8% | $3.78B+1.6% | $3.72B+3.0% | |
| General And Administrative Expense by Business | ||||||
| Gas Distributionand Storage | $774M-9.0% | $851M+18.4% | $719M+4.5% | $688M-10.9% | $772M-2.3% | |
| Gas Transmission | $551M-14.3% | $643M+12.6% | $571M+11.1% | $514M-1.9% | $524M-15.6% | |
| Liquids Pipelines | $1.11B-5.5% | $1.17B+5.8% | $1.11B+7.4% | $1.03B-8.5% | $1.13B-4.7% | |
| Renewable Power Generation | $86M-9.5% | $95M+9.2% | $87M+20.8% | $72M-7.7% | $78M-13.3% | |
| Segment Expenditure Addition To Long Lived Assets by Business | ||||||
| Gas Distributionand Storage | $708M-32.0% | $1.04B+13.9% | $914M+24.4% | $735M+11.2% | $661M-32.1% | |
| Gas Transmission | $942M-9.7% | $1.04B+11.8% | $933M+35.0% | $691M+14.4% | $604M-24.6% | |
| Liquids Pipelines | $411M-10.3% | $458M+49.2% | $307M+8.1% | $284M-8.1% | $309M-21.0% | |
| Renewable Power Generation | $424M+2.2% | $415M+140% | $173M-19.2% | $214M+47.6% | $145M-67.9% | |
| Income Loss From Equity Method Investments by Business | ||||||
| Gas Distributionand Storage | $0-100% | $2M+100% | $1M— | $0-100% | $1M-50.0% | |
| Gas Transmission | $232M+23.4% | $188M-2.1% | $192M-20.3% | $241M+3.9% | $232M+15.4% | |
| Liquids Pipelines | $225M-9.3% | $248M+7.8% | $230M-6.1% | $245M-33.4% | $368M+45.5% | |
| Renewable Power Generation | $87M-13.0% | $100M+213% | $32M+18.5% | $27M-79.5% | $132M-30.5% | |
| Revenue by Product | ||||||
| Commodity Sales | $45M-26.2% | $61M+13.0% | $54M+92.9% | $28M+16.7% | $24M-44.2% | |
| Electricity Revenue | $77M+16.7% | $66M-8.3% | $72M+38.5% | $52M+23.8% | $42M-19.2% | |
| Gas Distribution Revenue | $4.14B+37.8% | $3B+131% | $1.3B-26.1% | $1.76B-52.3% | $3.7B+45.5% | |
| Gas Distribution Sales | $4.11B+42.2% | $2.89B+122% | $1.3B-25.3% | $1.75B-52.2% | $3.65B+44.8% | |
| Storageand Other Revenue | $404M+2.5% | $394M+10.4% | $357M-8.2% | $389M-2.3% | $398M+9.9% | |
| Transportation Revenue | $4.33B-2.4% | $4.44B+1.7% | $4.36B+1.3% | $4.31B-7.5% | $4.66B+4.2% | |
| Revenue Not From Contract With Customer by Product | ||||||
| Commodity Sales | $13.15B+45.3% | $9.05B+8.5% | $8.34B+3.0% | $8.1B-15.0% | $9.53B+11.4% | |
| Other Revenue | $242M-12.9% | $278M+87.8% | $148M-42.4% | $257M+28.5% | $200M-6.5% | |
| Derivative Assets Liabilities At Fair Value Net by Product | ||||||
| Crude Oil | -$78M-253% | $51M+155% | $20M+433% | -$6M-124% | $25M+13.6% | |
| Natural Gas Reserves | $124M-33.7% | $187M-5.6% | $198M+187% | $69M-48.5% | $134M-19.3% | |
| Power | -$19M-111% | -$9M-28.6% | -$7M0.0% | -$7M+63.2% | -$19M+80.6% | |
| Derivative Nonmonetary Notional Amount Outstanding by Product | ||||||
| Crude Oil | -$8M-173% | $11M-42.1% | $19M+338% | -$8M-233% | $6M-76.0% | |
| Natural Gas Reserves | $241M+2.1% | $236M-4.1% | $246M+8.4% | $227M-6.2% | $242M-16.0% | |
| Derivative Asset Liability Net Measurement Input by Product | ||||||
| Crude Oil | $148.51+31.7% | $112.73-1.5% | $114.43+2.0% | $112.22-5.2% | $118.36+0.1% | |
| Natural Gas Reserves | $17.66-34.6% | $26.99+38.5% | $19.49+41.3% | $13.79+12.9% | $12.21-45.9% | |
| Power | $162.93-17.2% | $196.77+9.6% | $179.56-3.0% | $185.09-5.3% | $195.45-14.8% | |
| Derivative Nonmonetary Notional Amount Outstanding Maturing In Remainder Of Year by Product | ||||||
| Crude Oil | -$6M— | —— | -$8M+46.7% | -$15M-1,600% | $1M— | |
| Natural Gas Reserves | $109M— | —— | $23M-45.2% | $42M-54.8% | $93M— | |
| Derivative Nonmonetary Notional Amount Outstanding Maturing In Year Two by Product | ||||||
| Crude Oil | -$5M-138% | $13M+18.2% | $11M+450% | $2M-60.0% | $5M-66.7% | |
| Natural Gas Reserves | $81M+22.7% | $66M-44.1% | $118M+29.7% | $91M+4.6% | $87M+10.1% | |
| Derivative Nonmonetary Notional Amount Outstanding Maturing In Year Three by Product | ||||||
| Crude Oil | $1M0.0% | $1M-92.3% | $13M+550% | $2M+167% | -$3M-400% | |
| Natural Gas Reserves | $32M+10.3% | $29M-54.0% | $63M+12.5% | $56M+33.3% | $42M+13.5% | |
| Derivative Nonmonetary Notional Amount Outstanding Maturing In Year Four by Product | ||||||
| Crude Oil | $1M0.0% | $1M0.0% | $1M0.0% | $1M0.0% | $1M0.0% | |
| Natural Gas Reserves | $13M+8.3% | $12M-50.0% | $24M+9.1% | $22M+57.1% | $14M+27.3% | |
| Derivative Nonmonetary Notional Amount Outstanding Maturing In Year Five by Product | ||||||
| Crude Oil | $1M0.0% | $1M0.0% | $1M0.0% | $1M0.0% | $1M0.0% | |
| Natural Gas Reserves | $6M0.0% | $6M-50.0% | $12M-14.3% | $14M+250% | $4M-20.0% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Enbridge break its business down?
- Enbridge (ENB) reports revenue by business across 4 parts — Gas Distributionand Storage, Gas Transmission, Liquids Pipelines and Renewable Power Generation. Each is extracted from the segment footnotes and tracked over time.
- Where does Enbridge's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Enbridge's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
