Enbridge ENB Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| Gas Distributionand Storage | $4.41B+11.4% | $3.17B+15.4% | $1.52B+18.2% | $2.02B+45.7% | $3.96B+85.6% | |
| Gas Transmission | $1.78B+3.8% | $1.74B+5.3% | $1.6B+7.5% | $1.6B+7.5% | $1.72B+9.1% | |
| Liquids Pipelines | $15.46B+26.9% | $11.74B+3.3% | $11.18B-5.0% | $10.84B+32.8% | $12.18B+77.0% | |
| Renewable Power Generation | $174M+45.0% | $166M+15.3% | $130M-2.3% | $145M+36.8% | $120M-8.4% | |
| Nonoperating Income Expense by Business | ||||||
| Gas Distributionand Storage | $52M+6.1% | $57M+35.7% | $49M+113% | $65M+195% | $49M+188% | |
| Gas Transmission | $127M+108% | $54M-43.8% | $64M+48.8% | $127M+505% | $61M+69.4% | |
| Liquids Pipelines | $0-100% | $28M-12.5% | $10M-41.2% | $22M+29.4% | $19M+72.7% | |
| Renewable Power Generation | $13M-71.7% | $28M+133% | $16M+700% | $8M-71.4% | $46M+171% | |
| Revenue Not From Contract With Customer by Business | ||||||
| Gas Distributionand Storage | $18M0.0% | $7M+16.7% | -$3M-400% | -$1M-150% | $18M+800% | |
| Gas Transmission | $6M-25.0% | $6M+50.0% | $3M-40.0% | $4M-20.0% | $8M+33.3% | |
| Liquids Pipelines | $0— | $0— | $0— | $0— | $0— | |
| Renewable Power Generation | $3M+200% | $1M0.0% | $2M+100% | $3M0.0% | $1M0.0% | |
| Cost Of Revenue by Business | ||||||
| Gas Distributionand Storage | $1.98B+21.0% | $1.24B+26.1% | $284M+39.9% | $553M+77.2% | $1.63B+62.7% | |
| Gas Transmission | $19M+72.7% | $29M+123% | $12M-58.6% | $16M-61.0% | $11M-76.6% | |
| Liquids Pipelines | $12.62B+42.6% | $8.42B+3.7% | $8.03B-6.9% | $7.74B+57.7% | $8.85B+143% | |
| Renewable Power Generation | $0+100% | $0+100% | $2M+200% | -$1M+50.0% | -$3M-200% | |
| Income Loss From Continuing Operations Before Interest Income Taxes Extraordinary Items Noncontrolling Interest by Business | ||||||
| Gas Distributionand Storage | 170,900,000,000%+10,900,000,000pp | 113,900,000,000%+12,400,000,000pp | 56,000,000,000%+3,800,000,000pp | 51,000,000,000%-5,700,000,000pp | 160,000,000,000%+83,500,000,000pp | |
| Gas Transmission | 157,000,000,000%+9,700,000,000pp | 130,600,000,000%+15,600,000,000pp | 127,000,000,000%+12,400,000,000pp | 144,200,000,000%-65,300,000,000pp | 147,300,000,000%+20,800,000,000pp | |
| Liquids Pipelines | 195,700,000,000%-63,600,000,000pp | 218,900,000,000%-16,300,000,000pp | 228,300,000,000%-4,200,000,000pp | 233,100,000,000%-11,900,000,000pp | 259,300,000,000%+18,900,000,000pp | |
| Renewable Power Generation | 18,800,000,000%-3,500,000,000pp | 19,900,000,000%-3,700,000,000pp | 8,900,000,000%-1,300,000,000pp | 10,900,000,000%-2,900,000,000pp | 22,300,000,000%-3,400,000,000pp | |
| PP&E (Net) by Business | ||||||
| Gas Distributionand Storage | $40.28B+3.5% | $39.64B+2.6% | $39.2B— | $38.26B— | $38.91B— | |
| Gas Transmission | $36.75B+5.2% | $35.42B+2.1% | $35.08B— | $33.98B— | $34.94B— | |
| Liquids Pipelines | $52.15B-2.9% | $51.69B-4.0% | $52.27B— | $51.84B— | $53.69B— | |
| Renewable Power Generation | $4.88B+31.2% | $4.44B+22.9% | $4.08B— | $3.78B— | $3.72B— | |
| General And Administrative Expense by Business | ||||||
| Gas Distributionand Storage | $774M+0.3% | $851M+7.7% | $719M+24.2% | $688M+30.3% | $772M+104% | |
| Gas Transmission | $551M+5.2% | $643M+3.5% | $571M+6.5% | $514M-14.9% | $524M-6.6% | |
| Liquids Pipelines | $1.11B-1.9% | $1.17B-1.0% | $1.11B+0.4% | $1.03B-6.2% | $1.13B+1.9% | |
| Renewable Power Generation | $86M+10.3% | $95M+5.6% | $87M+17.6% | $72M+1.4% | $78M+13.0% | |
| Segment Expenditure Addition To Long Lived Assets by Business | ||||||
| Gas Distributionand Storage | $708M+7.1% | $1.04B+6.9% | $914M+35.4% | $735M+69.7% | $661M+117% | |
| Gas Transmission | $942M+56.0% | $1.04B+30.2% | $933M+53.2% | $691M+3.8% | $604M+22.0% | |
| Liquids Pipelines | $411M+33.0% | $458M+17.1% | $307M+14.6% | $284M+35.9% | $309M+6.9% | |
| Renewable Power Generation | $424M+192% | $415M-8.2% | $173M+88.0% | $214M+346% | $145M+110% | |
| Income Loss From Equity Method Investments by Business | ||||||
| Gas Distributionand Storage | $0-100% | $2M0.0% | $1M— | $0-100% | $1M— | |
| Gas Transmission | $232M0.0% | $188M-6.5% | $192M+5.5% | $241M+47.0% | $232M-12.5% | |
| Liquids Pipelines | $225M-38.9% | $248M-2.0% | $230M-11.9% | $245M-13.7% | $368M+45.5% | |
| Renewable Power Generation | $87M-34.1% | $100M-47.4% | $32M-17.9% | $27M-40.0% | $132M-27.1% | |
| Revenue by Product | ||||||
| Commodity Sales | $45M+87.5% | $61M+41.9% | $54M+45.9% | $28M-26.3% | $24M-40.0% | |
| Electricity Revenue | $77M+83.3% | $66M+26.9% | $72M+100% | $52M+18.2% | $42M-26.3% | |
| Gas Distribution Revenue | $4.14B+11.9% | $3B+18.2% | $1.3B+19.4% | $1.76B+45.9% | $3.7B+88.7% | |
| Gas Distribution Sales | $4.11B+12.6% | $2.89B+14.6% | $1.3B+18.6% | $1.75B+45.4% | $3.65B+89.9% | |
| Storageand Other Revenue | $404M+1.5% | $394M+8.8% | $357M+7.2% | $389M+19.0% | $398M+33.1% | |
| Transportation Revenue | $4.33B-7.1% | $4.44B-0.8% | $4.36B+3.2% | $4.31B-0.2% | $4.66B+4.5% | |
| Revenue Not From Contract With Customer by Product | ||||||
| Commodity Sales | $13.15B+38.0% | $9.05B+5.8% | $8.34B-6.8% | $8.1B+54.1% | $9.53B+132% | |
| Other Revenue | $242M+21.0% | $278M+29.9% | $148M-26.0% | $257M+64.7% | $200M+29.0% | |
| Derivative Assets Liabilities At Fair Value Net by Product | ||||||
| Crude Oil | -$78M-412% | $51M+132% | $20M-20.0% | -$6M-167% | $25M+108% | |
| Natural Gas Reserves | $124M-7.5% | $187M+12.7% | $198M+408% | $69M+431% | $134M+644% | |
| Power | -$19M0.0% | -$9M+90.8% | -$7M+90.7% | -$7M+92.9% | -$19M+73.6% | |
| Derivative Nonmonetary Notional Amount Outstanding by Product | ||||||
| Crude Oil | -$8M-233% | $11M-56.0% | $19M-47.2% | -$8M-115% | $6M-53.8% | |
| Natural Gas Reserves | $241M-0.4% | $236M-18.1% | $246M+16.0% | $227M+36.7% | $242M+124% | |
| Derivative Asset Liability Net Measurement Input by Product | ||||||
| Crude Oil | $148.51+25.5% | $112.73-4.7% | $114.43+3.0% | $112.22— | $118.36— | |
| Natural Gas Reserves | $17.66+44.6% | $26.99+19.6% | $19.49+94.3% | $13.79— | $12.21— | |
| Power | $162.93-16.6% | $196.77-14.2% | $179.56+10.4% | $185.09— | $195.45— | |
| Derivative Nonmonetary Notional Amount Outstanding Maturing In Remainder Of Year by Product | ||||||
| Crude Oil | -$6M-700% | —— | -$8M-189% | -$15M-350% | $1M-92.3% | |
| Natural Gas Reserves | $109M+17.2% | —— | $23M+229% | $42M+61.5% | $93M+86.0% | |
| Derivative Nonmonetary Notional Amount Outstanding Maturing In Year Two by Product | ||||||
| Crude Oil | -$5M-200% | $13M-13.3% | $11M-50.0% | $2M-94.4% | $5M— | |
| Natural Gas Reserves | $81M-6.9% | $66M-16.5% | $118M+16.8% | $91M+49.2% | $87M+211% | |
| Derivative Nonmonetary Notional Amount Outstanding Maturing In Year Three by Product | ||||||
| Crude Oil | $1M+133% | $1M0.0% | $13M-31.6% | $2M-90.0% | -$3M— | |
| Natural Gas Reserves | $32M-23.8% | $29M-21.6% | $63M+5.0% | $56M+21.7% | $42M+133% | |
| Derivative Nonmonetary Notional Amount Outstanding Maturing In Year Four by Product | ||||||
| Crude Oil | $1M0.0% | $1M0.0% | $1M0.0% | $1M0.0% | $1M— | |
| Natural Gas Reserves | $13M-7.1% | $12M+9.1% | $24M-14.3% | $22M-8.3% | $14M+16.7% | |
| Derivative Nonmonetary Notional Amount Outstanding Maturing In Year Five by Product | ||||||
| Crude Oil | $1M0.0% | $1M0.0% | $1M0.0% | $1M0.0% | $1M— | |
| Natural Gas Reserves | $6M+50.0% | $6M+20.0% | $12M+33.3% | $14M+133% | $4M— |
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.
