Enbridge Inc. (ENB) Stock Price & Analysis
Enbridge Inc. (ENB) closed at USD 48.01 on Thursday, October 22, 2026, up 0.00% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 48.01; the Oct 22, 2026 session ranged USD 47.28–48.27 on volume of 4,582,113 shares. Market capitalization is $107.01B, with a 52-week range of USD 45.03–58.45 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 11:23 UTC.
Also available as compact Markdown for AI agents: nexqual.com/ENB.md
Key facts (ENB)
- 1 of 80 tracked superinvestors hold ENB (13F, Q2 2026): 0 new, 0 added, 0 reduced, 1 unchanged.
- Analysts: Buy (mean 2.21 on a 1–5 scale) (24 analysts), mean target USD 51.56 (range 45.58–60).
- Total return with dividends: 1Y +5.9% vs S&P 500 +14.9%; 5Y +51.8% vs S&P 500 +80.3%.
- Next earnings: 2026-11-06, EPS estimate USD 0.5, revenue estimate $13.4B.
Superinvestors (SEC 13F-HR, Q2 2026) (ENB)
1 of 80 tracked investors hold ENB. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Torray Funds | 0.06% | $450K | Unchanged |
Analysts (ENB)
Consensus Buy (mean 2.21 on a 1–5 scale), 24 analysts; mean target USD 51.56 (low 45.58, high 60).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-03 | RBC Capital | Target raised | Outperform | $79 → $84 |
Total return (dividends reinvested) (ENB)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +5.9% | +51.8% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +5.9% | +8.7% |
| Volatility (annualized) | 18.1% | 19.5% |
| Max drawdown | -19.9% (May 2026→Oct 2026) | -27.2% (May 2022→Oct 2023) |
ENB revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Liquids Pipelines | $2.79B | 9.5% | -6.2% |
| Gas Distributionand Storage | $2.06B | 7.1% | +5.5% |
| Gas Transmission | $1.67B | 5.7% | +8.6% |
| Renewable Power Generation | $77.0M | 0.3% | +48.1% |
| Total revenue | $29.19B | 100% | — |
ENB revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Commodity Sales Revenue | $22.59B | 77.4% | +178.0% |
| Transportation & Other Services Revenues | $4.89B | 16.8% | -1.9% |
| Transportation Revenue | $2.72B | 9.3% | -6.0% |
| Gas Distribution Revenue | $1.84B | 6.3% | +4.4% |
| Storageand Other Revenue | $66.0M | 0.2% | -12.0% |
| Total revenue | $29.19B | 100% | — |
ENB revenue by region (fiscal year ended Dec 31, 2025)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| United States | $42.12B | 64.6% | +33.8% |
| Canada | $23.08B | 35.4% | +4.9% |
| Total revenue | $65.19B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
ENB suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Enbridge Gas | “Gas Distribution and Storage consists of our rate-regulated natural gas utility operations, which serves residential, commercial and industrial customers in Ontario, Québec, Ohio, North Carolina, Utah, Wyoming, and Idaho as well as Wexpro Company (Wexpro), which develops and produces natural gas reserves on behalf of Enbridge Gas Utah, Enbridge Gas Wyoming, and Enbridge Gas Idaho.” |
| Partner | Westcoast Energy | “We continued to recycle capital at attractive valuations; in 2025, this included Stonlasec8 Indigenous Investments Limited Partnership (the First Nations Partnership), a group of 38 First Nations in British Columbia (BC), investing in the Westcoast natural gas pipeline system for a 12.47% redeemable noncontrolling interest.” |
| Partner | Stonlasec8 Indigenous Investments | “We continued to recycle capital at attractive valuations; in 2025, this included Stonlasec8 Indigenous Investments Limited Partnership (the First Nations Partnership), a group of 38 First Nations in British Columbia (BC), investing in the Westcoast natural gas pipeline system for a 12.47% redeemable noncontrolling interest.” |
| Partner | Woodfibre LNG | “Woodfibre LNG Project - Liquefaction and floating storage facilities in Squamish, BC, and an expansion of our BC Pipeline system, the construction of which is executed by our partner.” |
| Partner | NRGreen Power | “the absence in 2025 of proceeds received from the disposition of our interests in the Alliance Pipeline, Aux Sable, and NRGreen Power Limited Partnership (NRGreen); and” |
| Partner | Aux Sable Midstream | “the absence in 2025 of a gain on sale of $1.1 billion ($765 million after-tax) on the disposition of our interests in the Alliance Pipeline and Aux Sable Liquid Products LP, Aux Sable Midstream LLC, and Aux Sable Canada LP (Aux Sable);” |
| Partner | Includes Vector Pipeline | “Includes Vector Pipeline Limited Partnership in Canada and Vector Pipeline L.P. in the US.” |
| Partner | Canada and Vector Pipeline | “Includes Vector Pipeline Limited Partnership in Canada and Vector Pipeline L.P. in the US.” |
| Partner | PEMBINA PIPELINE CORP (PBA) | “On April 1, 2024, we closed the sale of our 50.0% interest in the Alliance Pipeline, our interest in Aux Sable and our interest in NRGreen Power Limited Partnership (NRGreen) to Pembina Pipeline Corporation for $3.1 billion, including $327 million of non-recourse debt.” |
| Partner | Whistler Parent | “On May 29, 2024, we formed a joint venture (the Whistler Parent JV) with WhiteWater/I Squared Capital (WhiteWater/I Squared) and MPLX LP (MPLX) that will develop, construct, own and operate natural gas pipeline and storage assets connecting Permian Basin natural gas supply to growing LNG and other US Gulf Coast demand.” |
Quoted from the company's 10-K filed Feb 13, 2026.
Companies that name ENB in their SEC reports
| Relationship to ENB | Company | Filing | Sentence |
|---|---|---|---|
| supplier | CANADIAN NATURAL RESOURCES Ltd (CNQ) | 40-F Mar 26, 2026 | “Natural gas is distributed to customers in Canada via the TC Canadian Mainline and other pipelines such as the Enbridge Westcoast system.” |
| partner | PLAINS ALL AMERICAN PIPELINE LP (PAA) | 10-K Feb 27, 2026 | “We operate the Cactus II Pipeline and own a 70% interest in Cactus II, the entity that owns the Cactus II Pipeline, through a joint venture with Enbridge Inc.” |
| partner | PLAINS GP HOLDINGS LP (PAGP) | 10-K Feb 27, 2026 | “We operate the Cactus II Pipeline and own a 70% interest in Cactus II, the entity that owns the Cactus II Pipeline, through a joint venture with Enbridge Inc.” |
| partner | Marathon Petroleum Corp (MPC) | 10-K Feb 26, 2026 | “(b) 2025 includes gains from the BANGL Acquisition, the Ethanol Joint Venture Sale and the Rockies divestiture. 2024 includes the gain resulting from MPLX and its joint venture partner contributing their respective membership interests in Whistler Pipeline, LLC to a newly formed joint venture, WPC Parent, LLC, and issuing a 19 percent voting interest in WPC Parent, LLC to an affiliate of Enbridge Inc. in exchange …” |
| partner | MPLX LP (MPLX) | 10-K Feb 26, 2026 | “(2) The year ended December 31, 2025 includes $2.4 billion for the Northwind Midstream Acquisition, $703 million for the BANGL Acquisition, $235 million for the acquisition of Whiptail Midstream, LLC, $151 million for the purchase of an additional five percent ownership interest in the joint venture that owns and operates the Matterhorn Express pipeline, a $49 million capital contribution to WPC Parent, LLC to red…” |
| partner | Phillips 66 (PSX) | 10-K Feb 20, 2026 | “Prior to the DCP Midstream Merger, we and Enbridge each held a 50% interest and jointly governed DCP Midstream, whose primary assets are its general partner and limited partner interests in DCP Midstream, LP (DCP LP), and we each held indirect economic interests in DCP LP of 28.26%.” |
| partner | Targa Resources Corp. (TRGP) | 10-K Feb 19, 2026 | “WPC is a joint venture owned 50.6% by WhiteWater Midstream LLC ("WhiteWater"), 30.4% by MPLX LP, and 19.0% by Enbridge Inc. The Blackcomb pipeline is designed to transport up to 2.5 Bcf/d of natural gas through approximately 365 miles of 42-inch pipeline from the Permian Basin in West Texas to the Agua Dulce area in South Texas and is expected to be in service in the fourth quarter of 2026, pending the receipt of …” |
| partner | Energy Transfer LP (ET) | 10-K Feb 19, 2026 | “•SESH, a 50/50 joint venture with Enbridge Inc., provides transportation services in Louisiana, Mississippi and Alabama.” |
| partner | NEW JERSEY RESOURCES CORP (NJR) | 10-K Nov 20, 2025 | “Steckman Ridge is a Delaware limited partnership, jointly owned and controlled by our subsidiaries and subsidiaries of Enbridge Inc., which built, owns and operates a natural gas storage facility with up to 12 Bcf of working natural gas capacity in Bedford County, Pennsylvania.” |
ENB customer concentration
In the period ended Dec 31, 2025, a single direct customer accounted for 10% of revenue, per the company's 10-K filed Feb 13, 2026. The company does not name it.
ENB company outlook (results filed Jul 31, 2026)
- “Guidance and Grows Secured Backlog to $41B CALGARY, AB, July 31, 2026 /CNW/ - Enbridge Inc.”
- “(Enbridge or the Company) (TSX:ENB) (NYSE:ENB) today reported second quarter 2026 financial results, reaffirmed its 2026 financial guidance and provided a quarterly business update.”
Quoted word-for-word from the SEC 8-K results press release.
ENB analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.50 | $0.53 | -5.4% | $13.35B | 12 |
| Next quarter (ends Dec 2026) | $0.83 | $0.84 | -1.6% | $15.86B | 11 |
| Current fiscal year (ends Dec 2026) | $2.90 | $2.88 | +0.5% | $82.05B | 19 |
| Next fiscal year (ends Dec 2027) | $3.15 | $3.19 | -1.2% | $74.66B | 14 |
ENB options: expected move
Options price a move of about ±5.2% (±$2.48) by Nov 20, 2026, which includes earnings on Nov 6, 2026. Over the last 8 reports the stock moved ±2.4% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 20.6% | ±5.2% |
| Dec 18, 2026 | 56 | 19.0% | ±6.1% |
| Jan 15, 2027 | 84 | 19.5% | ±7.5% |
| Apr 16, 2027 | 175 | 18.8% | ±10.4% |
30-day implied volatility 19.4% vs 16.3% realized over the last 30 trading days. Put/call ratio (volume) 0.47. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 11:23 UTC)
| Price | USD 48.01 |
|---|---|
| Change | ▲ 0.00% (up) |
| Previous Close | USD 48.01 |
| Open | USD 48.15 |
| Day Range | USD 47.28 – 48.27 |
| 52-Week Range | USD 45.03 – 58.45 |
| Volume | 4,582,113 shares |
| Market Cap | $107.01B |
| Exchange | NYQ |
Technical Analysis (ENB)
Nexqual's technical model rates ENB "SELL" based on 2 bullish and 4 bearish signals across 127 daily candles, as of October 23, 2026 at 11:23 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 51.71 (neutral) |
| vs SMA50 | Below (USD 48.54) |
| MACD | -0.2 (negative) |
Analyst Ratings (ENB)
Wall Street analysts rate ENB "Buy" based on 24 analysts, with a mean price target of USD 51.56 (range USD 45.58–60), per Nexqual as of October 23, 2026 at 11:23 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 24 |
| Mean Target | USD 51.56 |
| High Target | USD 60 |
| Low Target | USD 45.58 |
| Buy / Hold / Sell | 14 / 9 / 1 |
Earnings (ENB)
| Next Earnings Date | 2026-11-06 |
|---|---|
| EPS Estimate | USD 0.5 |
| Revenue Estimate | $13.35B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.63 vs est 0.6 ▲ beat |
| 2026-03-31 | USD 0.98 vs est 0.94 ▲ beat |
| 2025-12-31 | USD 0.88 vs est 0.78 ▲ beat |
| 2025-09-30 | USD 0.46 vs est 0.51 ▼ miss |
Source: Nexqual, October 23, 2026 at 11:23 UTC.
Financials & Fundamentals (ENB)
| Total Revenue | $83.49B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +97.10% |
| Gross Margin | +32.59% |
| Operating Margin | +10.16% |
| Profit Margin | +7.34% |
| ROE | +9.22% |
| Debt / Equity | 1.63 |
| Current Ratio | 0.72 |
| Total Cash | $2.10B |
| Total Debt | $112.20B |
Source: Nexqual, October 23, 2026 at 11:23 UTC.
Financial Health Score (ENB)
Nexqual rates Enbridge Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 11:23 UTC.
| Growth | Strong — Revenue +22% YoY (annual) |
|---|---|
| Profitability | Solid — Gross margin 33%, operating 10% (last 12 months) |
| Balance Sheet | Critical — CAD 2.10B cash vs CAD 112.2B debt |
| Cash Flow | Solid — Operating cash flow CAD 12.4B (TTM) |
| Efficiency | Mixed — ROE 9%, ROA 3.3% |
Ownership (ENB)
| Insider Ownership | +0.12% |
|---|---|
| Institutional Ownership | +51.85% |
| Shares Outstanding | 2.23B |
| Float | 2.18B |
| Short % of Float | +1.05% |
Source: Nexqual, October 23, 2026 at 11:23 UTC.
Leadership (ENB)
Enbridge Inc. is led by Gregory Lorne Ebel, President, CEO & Director, per Nexqual as of October 23, 2026 at 11:23 UTC.
| President, CEO & Director | Gregory Lorne Ebel |
|---|---|
| Executive VP & CFO | Patrick Robert Murray |
| Executive VP & President of Liquids Pipelines | Colin Kenneth Gruending |
| Senior Vice President of Operations, Engineering & Liquids Pipelines | Maximilian G. Chan |
| VP & CTO | Joseph A. Gollapalli |
Major Backers & Investors (ENB)
Notable institutional backers of Enbridge Inc. include Royal Bank of Canada, Bank of Montreal /CAN/, GQG Partners LLC, according to Nexqual as of October 23, 2026 at 11:23 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Royal Bank of Canada | 4.86% |
| Bank of Montreal /CAN/ | 2.76% |
| GQG Partners LLC | 2.2% |
| TD Asset Management, Inc | 1.4% |
| 1832 Asset Management L.P. | 1.28% |
| Goldman Sachs | 1.21% |
| CIBC World Market, Inc. | 1.16% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 2.82% |
| Deutsche Bank AG | 1.53% |
| Geode Capital | 1.13% |
Source: Nexqual, October 23, 2026 at 11:23 UTC.
From Enbridge Inc.'s Latest SEC 10-K Filing (filed 2026-02-13)
Key Strengths & Strategy (as disclosed to the SEC)
- We have a 50% interest in the 1,078 kilometer (670 mile) Seaway Pipeline, including the 805 kilometer (500 mile), 30-inch diameter long-haul system between Cushing, Oklahoma and Freeport, Texas, as well as the Texas City Terminal and Distribution System, which serve refineries in the Houston and Texas City areas.
- The Express-Platte System consists of the Express Pipeline and the Platte Pipeline, and crude oil storage of approximately 5.6 million barrels.
- In pursuing this vision, we seek to play a critical role enabling the economic and social well-being of society by providing access to affordable, reliable, and secure energy through our infrastructure which transports, stores, distributes, and generates energy, including liquids, natural gas, renewable power, and lower-carbon fuels.
- We believe that our asset quality, diversity, and ability to provide comprehensive solutions to customers are key differentiators that enable us to be flexible in an uncertain business environment.
Partnerships
- Through collaboration with our stakeholders (including regulators, policymakers, customers, and Indigenous partners), we aim to balance these factors and believe this will take an "all-of-the-above" approach.
- In 2023, Enbridge acquired a 10% cost investment in Divert Inc., a RNG infrastructure company, which provides Enbridge with an option to invest up to $1.3 billion (US$1.0 billion) in food waste to RNG projects across the US.
Legal & Regulatory Risks (Item 1A, quoted)
- Concerns about climate change, rising demand for lower-carbon energy and new energy technologies, shifting customer behavior, and reduced energy consumption could decrease demand for our services or our securities.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| WMB | Williams Companies, Inc. (The) | USD 70.63 | ▼ 2.98% |
| EPD | Enterprise Products Partners L. | USD 36.52 | ▼ 0.19% |
| KMI | Kinder Morgan, Inc. | USD 33.72 | ▼ 0.74% |
| TRP | TC Energy Corporation | USD 61.98 | ▼ 0.53% |
| TRGP | Targa Resources, Inc. | USD 289.54 | ▼ 2.05% |
| LNG | Cheniere Energy, Inc. | USD 287.01 | ▲ 0.98% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 11:23 UTC. This page is informational and not investment advice.
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