| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 46 | 20.0x | 17.3x | Around median | |
Growth | 23 | — | 7.1% | Bottom tier | |
Quality | 17 | — | 4.5% | Bottom tier | |
Safety | 27 | 6.2x | 2.6x | Bottom tier | |
Capital Return | 68 | 5.25% | 0.06% | Top tier | |
Momentum | 45 | -0.8% | -1.6% | Around median | |
Sentiment | 97 | 10 | 3 | Top tier |
10-year US Treasury yield 4.96% as of 2026-10-22. Estimates computed from company data and analyst targets, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Enbridge Inc. is a North American energy infrastructure company operating through four interconnected franchises: liquids pipelines, natural gas transmission, gas distribution and storage, and renewable power. Its cash-generating capacity depends on transportation tolls, long-term contracts, and utility regulatory frameworks; its regional network and Mainline system serve approximately 50% of Alberta oil sands production and are connected to approximately 75% of North American refining capacity. The company also benefits from demand for liquefied natural gas exports, power generation, and data centers, as well as growth in its gas utility asset base and contracted renewable projects.
In Q2 of fiscal year 2026, revenue according to EDGAR data was approximately $29.3 billion, net income was $1.5 billion, and earnings per share were $0.64, compared with revenue of $22.4 billion, net income of $1.8 billion, and earnings per share of $0.76 in Q1 of fiscal year 2026. The provided data did not include a gross profit or gross margin figure, so the margin trend cannot be measured from them. On an annual basis, the company recorded revenue of $65.2 billion, net income of $7.5 billion, and earnings per share of $3.22 in fiscal year 2025.
Operationally, the company generated record adjusted earnings before interest, taxes, depreciation, and amortization of C$4.776 billion in Q2 of fiscal year 2026, an increase of more than C$130 million year over year. Growth came from higher volumes on Seaway, Mainline, and Line 9, rate settlements at East Tennessee and Texas Eastern, and higher base rates at Enbridge Gas Utah and North Carolina; however, lower Line 9 tolls partially limited liquids gains. Earnings per share also declined slightly year over year due to increased depreciation on assets placed in service and higher interest expense on a larger debt balance.
The provided analyst consensus is “Buy,” but the average, high, and low targets are identical at $50, making the estimate range unusually narrow. This target is approximately 11% above the 52-week range low of $45.03 but approximately 14% below its high of $58.45; this should be weighed against the price-to-earnings multiple of 26.83 times as reported in the July 31, 2026 news, leverage, Mainline delays, and the litigation risks surrounding the Wisconsin pipelines and Line 5.
Figures in the text are as of 2026-08-26; the live price is shown at the top of the page.
Enbridge's revenue according to EDGAR data was approximately $29.3 billion, net income was $1.5 billion, and earnings per share were $0.64 in Q2 of fiscal year 2026. The company recorded record adjusted earnings before interest, taxes, depreciation, and amortization of C$4.776 billion, an increase of more than C$130 million year over year. Average Mainline volumes were approximately 3.1 million barrels per day, and results benefited from Seaway, Line 9, and rate settlements at East Tennessee and Texas Eastern. The data did not provide a gross profit or gross margin figure, while depreciation and higher interest expense pressured earnings per share.
Enbridge has a C$41 billion secured project portfolio and approximately C$50 billion of organic capital opportunities through 2030. The company sanctioned approximately C$9 billion of projects during fiscal year 2026 through July 31 and targets up to C$20 billion during fiscal years 2026 and 2027. The portfolio includes the C$4 billion Sunrise expansion, Bay Runner Twin, Blackcomb, Mainline projects, and renewable power assets. Management expects a significant portion of the next sanctions to come from gas transmission serving power generation, liquefied natural gas, and industry.
Automated analysis for informational purposes only — not investment advice.
Enbridge deferred the second phase, which was intended to add 250 thousand barrels per day, after Canadian oil producers had not yet provided substantial, binding production commitments. The company is resequencing MLO2 to focus first on market-access segments south of Chicago, while expansion of the main segment remains contingent on production and policy developments. Meanwhile, Mainline Optimization Phase 1 and Southern Illinois Connector continue to be executed to add 180 thousand barrels per day. Therefore, the deferral does not mean the cancellation of all liquids expansions, but it reduces visibility into the timing of the larger phase.
On July 30, 2026, a U.S. appeals court upheld Enbridge's liability for trespassing on tribal lands in northern Wisconsin and ordered it to reroute the pipeline and recalculate damages. The company had sanctioned the C$1 billion Wisconsin Line 5 Relocation project, targeting entry into service in early 2027. On August 4, 2026, the Michigan Supreme Court invalidated a key permit for the Line 5 tunnel and required the environmental analysis to be redone. Together, the two cases combine risks of delay, construction spending, and damages, without the data specifying the final cost.
Enbridge signed an exclusive option to acquire TTC Connector, which links Tres Palacios to Freeport LNG and is supported by long-term take-or-pay contracts with BP. It sanctioned Bay Runner Twin to serve additional liquefaction capacity at the Rio Grande LNG facility, while Blackcomb began ramping up during Q2 of fiscal year 2026. Interest in the Beacon project also exceeded the company's expectations, driven by demand from utilities, power generation, and data centers in the northeastern United States. In utilities, the company expects asset-base growth of more than 8%, ranging from more than 5% in Ohio to 19% in North Carolina.
Enbridge increased its dividend for 31 consecutive years through July 31, 2026, a record supported by cash flows from pipelines, utilities, and long-term contracts. The company returned C$38 billion to shareholders during the previous five years and expects to return between C$40 billion and C$45 billion during the following five years. However, it ended Q2 of fiscal year 2026 with a debt-to-earnings before interest, taxes, depreciation, and amortization ratio of 5.1 times and said adjusting for the exchange-rate effect brings it back within the target range of 4.5 to 5 times. Therefore, continued dividend growth depends on executing the C$41 billion portfolio while controlling debt and interest costs.