Enbridge Inc. (ENB) — Financial statements
Income statement, balance sheet, and cash flow for Enbridge Inc. — annual and quarterly history with growth and margin analysis.
| Metric (CAD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 65,194↑21.9% | 53,473↑22.5% | 43,649↓18.1% | 53,309↑13.3% | 47,071 | |
| Cost of Revenue | 43,697↑27.7% | 34,207↑31.7% | 25,979↓29.6% | 36,906↑13.4% | 32,554 | |
| Gross Profit | 21,497↑11.6% | 19,266↑9.0% | 17,670↑7.7% | 16,403↑13.0% | 14,517 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00 | 0.00↑100.0% | -135↑43.5% | -239↓59.3% | -150 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 0.00 | 0.00↑100.0% | -135↑43.5% | -239↓59.3% | -150 | |
| Other Expenses | 10,539↑9.6% | 9,617↑5.1% | 9,154↓20.2% | 11,464↑67.1% | 6,862 | |
| Operating Expenses | 10,539↑9.6% | 9,617↑6.6% | 9,019↓19.7% | 11,225↑67.2% | 6,712 | |
| Total Costs & Expenses | 54,236↑23.8% | 43,824↑25.2% | 34,998↓27.3% | 48,131↑22.6% | 39,266 | |
| Operating Results | ||||||
| Operating Income | 10,958↑13.6% | 9,649↑11.5% | 8,651↑67.1% | 5,178↓33.7% | 7,805 | |
| Depreciation & Amortization | 5,661↑9.6% | 5,167↑12.0% | 4,613↑6.9% | 4,317↑12.1% | 3,852 | |
| EBITDA | 20,446↑21.2% | 16,867↑3.2% | 16,349↑35.3% | 12,083↓15.4% | 14,286 | |
| EBIT | 14,785↑26.4% | 11,700↓0.3% | 11,736↑51.1% | 7,766↓25.6% | 10,434 | |
| Interest & Other Income | ||||||
| Net Interest Income | -4,992↓13.0% | -4,419↓15.9% | -3,812↓18.2% | -3,224↓19.2% | -2,705 | |
| Interest Income | 0.00 | 0.00↓100.0% | 10 | 0.00 | 0.00 | |
| Interest Expense | 4,992↑13.4% | 4,401↑15.1% | 3,822↑18.5% | 3,224↑19.2% | 2,705 | |
| Non-Operating Income | -3,827↓86.6% | -2,051↑33.5% | -3,085↓19.2% | -2,588↑1.6% | -2,629 | |
| Other Income / Expenses | -1,165↑50.4% | -2,350↓204.4% | -772↓21.4% | -636↓736.8% | -76 | |
| Income Before Tax | 9,793↑34.2% | 7,299↓7.4% | 7,879↑73.5% | 4,542↓41.2% | 7,729 | |
| Income Tax Expense | 2,004↑20.1% | 1,668↓8.4% | 1,821↑13.5% | 1,604↑13.4% | 1,415 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 7,789↑38.3% | 5,631↓7.0% | 6,058↑106.2% | 2,938↓53.5% | 6,314 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 7,491↑37.7% | 5,441↓12.1% | 6,191↑106.2% | 3,003↓51.5% | 6,189 | |
| Bottom-Line Net Income | 7,072↑40.0% | 5,053↓13.5% | 5,839↑125.5% | 2,589↓55.5% | 5,816 | |
| EPS (Basic) | 3.24↑38.5% | 2.34↓17.6% | 2.84↑121.9% | 1.28↓55.4% | 2.87 | |
| EPS (Diluted) | 3.24↑38.5% | 2.34↓17.6% | 2.84↑121.9% | 1.28↓55.4% | 2.87 | |
| Weighted Average Shares | 2,180↑1.2% | 2,155↑4.8% | 2,056↑1.5% | 2,025↑0.1% | 2,023 | |
| Weighted Average Diluted Shares | 2,186↑1.3% | 2,158↑4.9% | 2,058↑1.4% | 2,029↑0.2% | 2,025 | |
* All figures in Millions of CAD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.