Enbridge (ENB) Stock Price & Analysis
ENB Stock Chart & Stats
- Day’s Range
- $49.00 - $49.59
- 52-Week Range
- $45.03 - $58.45
- Previous Close
- $49.46
- Volume
- N/A
- Average Volume (3M)
- 4.14M
- Market Cap
- $112.00B
- Enterprise Value
- $288.81B
- Total Cash (Recent Filing)
- $2.07B
- Total Debt (Recent Filing)
- $112.13B
- Price to Earnings (P/E)
- 22.9
- Beta
- -0.12
- Next Earnings
- Nov 06, 2026 (Est.)
- EPS Estimate
- 0.35
- Last Dividend Ex-Date
- Aug 14, 2026
- Dividend Yield
- 5.66%
Bulls Say, Bears Say
Bulls Say
Regulated And Contracted Cash Flows
The regulated and contracted infrastructure model provides greater revenue visibility than businesses directly exposed to commodity prices. Long-lived pipelines, utilities, and storage assets can support recurring cash flows, helping Enbridge plan investment and sustain operations across commodity cycles.
Large Secured Growth Pipeline
A substantial secured backlog and identified organic opportunity set create a durable path for asset growth beyond the current reporting period. Executing these projects can expand contracted capacity, increase earnings contribution, and reinforce the scale advantages of Enbridge's network.
Utility Rate-base Expansion
Strong utility rate-base growth supports recurring earnings expansion through regulated capital investment and approved returns. This provides a relatively resilient contribution alongside pipeline operations, while customer growth and infrastructure spending can steadily enlarge the regulated earnings base.
Bears Say
Elevated Leverage
High and rising debt reduces financial flexibility and increases sensitivity to interest costs, refinancing conditions, and execution demands from the capital program. Leverage above management's target range could constrain future investment choices or require greater reliance on equity funding.
Weak Cash Conversion
Although operating cash flow is substantial, weak and volatile conversion into free cash flow leaves less internally generated funding for growth, debt reduction, and shareholder returns. Continued capital needs or working-capital swings could therefore keep financial flexibility below the level suggested by accounting earnings.
Project Permitting And Timing Risk
Delays caused by policy uncertainty, producer hesitation, and permitting can postpone sanctioned growth and defer the earnings benefits of planned capacity. Prolonged timing uncertainty may also complicate capital deployment and reduce the predictability of the broader project pipeline.
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Enbridge Stock Smart Score
Company Description
Enbridge
Enbridge Inc., together with its subsidiaries, operates as an energy infrastructure company. The company operates through four segments: Liquids Pipelines, Gas Transmission, Gas Distribution and Storage, and Renewable Power Generation. The Liquids Pipelines segment operates pipelines and related terminals to transport, store, and export various grades of crude oil and other liquid hydrocarbons in Canada and the United States. This segment also provides physical commodity marketing and logistical services, and crude oil marketing services. The Gas Transmission segment invests in natural gas pipelines and gathering and processing facilities in Canada and the United States. The Gas Distribution and Storage segment is involved in natural gas utility operations serving residential, commercial, and industrial customers in Ontario, as well as natural gas distribution activities in Quebec. The Renewable Power Generation segment operates wind, solar, geothermal, waste heat recovery, and transmission assets in North America. The company was formerly known as IPL Energy Inc. and changed its name to Enbridge Inc. in October 1998. Enbridge Inc. was founded in 1949 and is headquartered in Calgary, Canada.
- Sector
- Energy
- Industry
- Oil & Gas Midstream
- CEO
- Gregory L. Ebel
- Employees
- 14,800
- Website
- www.enbridge.com
- Address
- 200, Fifth Avenue Place, Calgary, AB, T2P 3L8, CA
Enbridge (ENB) Earnings & Revenues
ENB Company Deck
ENB Earnings Call
Earnings Call SentimentPositive
The call presented a strong operational and commercial progress narrative: high utilization, material project progress (Blackcomb commissioning, Houston terminal in service, Line 5 relocation sanctioned), sizable sanctioned capital and a large secured backlog, meaningful gas and renewables momentum, and improved adjusted EBITDA (+$130M y/y). Key financial priorities (equity self-funding, shareholder returns, reaffirmed 2026 guidance) and utility rate-base growth underpin resilience. The primary negatives were manageable near-term items: slight EPS decline from non-cash and financing charges, leverage at 5.1x influenced by FX, headwinds from lower market access contributions and higher interest rates, and timing/permitting uncertainty for larger upstream Mainline decisions (MLO2) driven by policy implementation and commodity/geopolitical volatility. Overall, positives (project sanctions, backlog, EBITDA growth, renewables and gas demand momentum, and utility growth) substantially outweigh the noted lowlights, though execution and permitting timing remain watch points.
View all ENB earnings summariesENB Net sales Breakdown
- 43.50% Energy Services
- 29.47% Liquids Pipelines
- 13.69% Gas Distribution and Storage
- 13.41% Gas Transmission and Midstream
- 1.09% Renewable Power Generation
ENB Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 10 | 3 | 9 |
| Technical Analysis | 2 | 3 | 5 |
| Moving Averages | 8 | 0 | 4 |











