ENB vs EPD vs NGL Stock Comparison

Enbridge, Enterprise Products Partners and NGL Energy Partners Prices as of Oct 27, 2026 Peers: Industry group
ENB Enbridge Inc
$48.40 +3.6% 1M +2.4% 1Y
Market cap
$106.13B
P/E
25.7x
Revenue (TTM)
$60.45B
Div. yield
0.06%
Oil and Gas Pipelines Energy
2 wins
NGL NGL Energy Partners LP
$16.34 +8.1% 1M +157.3% 1Y
Market cap
$2.04B
P/E
–
Revenue (TTM)
$3.52B
Div. yield
–
Oil and Gas Pipelines Energy
3 wins

Head to Head

12 decided of 12

Enterprise Products Partners leads on 7 of the 12 questions below (Enterprise Products Partners 7, NGL Energy Partners 3, Enbridge 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionENBEPDNGLLeader
Larger companyMarket capitalisation $106.13B $80.86B $2.04B ENB
Cheaper on earningsLower P/E, profitable companies only 25.7x 12.8x -5.8x EPD
Cheaper on forward earningsLower price / next fiscal year consensus EPS 24.1x 13.0x 12.6x NGL
Faster revenue growthRevenue growth, trailing twelve months +31.0% +6.8% +5.8% ENB
More profitableNet margin, trailing twelve months 6.8% 10.8% -9.9% EPD
Better return on capitalReturn on invested capital 5.0% 12.2% 4.8% EPD
Less leveragedLower net debt / EBITDA 6.4x 3.2x 8.0x EPD
Higher dividend yieldTrailing dividend yield 0.06% 0.06% 0.00% EPD
Better 1-year returnPrice return, last 12 months +2.4% +19.3% +157.3% NGL
Better 5-year returnAnnualised price return, 5 years +2.7%/yr +10.0%/yr +47.5%/yr NGL
Less volatileAnnualised volatility, 1 year 18.5% 18.5% 51.5% EPD
Higher overall scoreMean of the five percentile scores vs peers 32/100 51/100 36/100 EPD

Percentile Scorecard

ENBEPDNGL

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisENBEPDNGL
Valuation 24 #27 of 35 71 #11 of 35 53 #17 of 35
Growth 39 #21 of 34 24 #26 of 34 6 #32 of 34
Profitability 24 #26 of 34 49 #18 of 34 12 #30 of 34
Financial Health 21 #28 of 35 68 #12 of 35 9 #32 of 35
Shareholder Returns 50 #16 of 31 43 #18 of 31 100 #1 of 31
Overall 32 51 36
  • ENB ranked among 35 companies in Oil and Gas Midstream
  • EPD ranked among 35 companies in Oil and Gas Midstream
  • NGL ranked among 35 companies in Oil and Gas Midstream

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodENBEPDNGLSPY
1 month +3.6%+0.9%+8.1% -0.2%
3 months -12.4%-3.8%+8.9% +3.9%
6 months -8.7%-3.4%+3.9% +8.2%
Year to date +1.2%+16.0%+63.4% +12.9%
1 year +2.4%+19.3%+157.3% +12.3%
3 years +54.2%+37.3%+294.7% +87.4%
3 years, per year +15.5%+11.2%+58.1% +23.3%
5 years +14.5%+60.7%+598.3% +67.9%
5 years, per year +2.7%+10.0%+47.5% +10.9%
10 years +9.6%+42.6%-12.2% +261.1%
10 years, per year +0.9%+3.6%-1.3% +13.7%

Risk

MeasureENBEPDNGLSPY
Volatility, 1Y 18.5%18.5%51.5% 12.7%
Downside volatility, 1Y 19.5%18.0%43.1% 12.7%
Beta vs S&P 500, 1Y -0.16-0.320.37 1.00
Return / volatility, 1Y 0.131.043.06 0.97
Max drawdown, 5Y -34.0%-19.5%-61.5% -25.4%
From 52-week high -16.6%-6.6%-13.9% -1.2%
52-week high $58.04$39.80$18.98 $779.14
52-week low $45.23$30.22$6.35 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleENBEPDNGL
P/E now vs peer median 25.6xmedian 20.9x 12.8xmedian 20.9x -5.8xmedian 20.9x
P/S now vs peer median 1.7xmedian 2.7x 1.4xmedian 2.7x 0.6xmedian 2.7x
EV/EBITDA now vs peer median 15.0xmedian 11.0x 11.0xmedian 11.0x 13.0xmedian 11.0x
P/FCF now vs peer median 87.6xmedian 16.5x 23.2xmedian 16.5x 20.0xmedian 16.5x
P/B now vs peer median 2.2xmedian 2.6x 2.6xmedian 2.6x -8.6xmedian 2.6x
PEG now vs peer median 2.52median 1.95 2.40median 1.95 0.09median 1.95

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsENBEPDNGL
Revenue $60.45B $58.47B $3.52B
Gross profit $22.34B – $1.04B
Operating income $8.06B $7.85B $142.60M
Net income $4.58B $6.37B -$131.86M
Free cash flow $1.21B $3.46B $101.88M
EPS (diluted) $1.88 $2.89 $-2.73
Cash & equivalents $1.42B $246.00M $5.07M
Total debt $78.92B $33.23B $3.28B
Shares (diluted) 2.19B 2.19B 128.09M
Enterprise value $101.73B $79.25B $2.01B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricENBEPDNGL
P/E 25.6x 12.8x -5.8x
P/FCF 87.6x 23.2x 20.0x
P/Operating cash flow 11.8x 9.1x 5.0x
P/S 1.7x 1.4x 0.6x
P/B 2.2x 2.6x -8.6x
P/Tangible book 2.3x 3.0x -2.0x
EV/EBITDA 15.0x 11.0x 13.0x
EV/EBIT 22.7x 14.4x 37.2x
EV/Revenue 3.0x 1.9x 1.5x
EV/FCF 151.8x 32.7x 52.1x
EV/Operating cash flow 20.4x 12.8x 13.0x
PEG (3Y EPS CAGR) 2.52 2.40 0.09

Growth

14 metrics
MetricENBEPDNGL
Revenue growth (1Y) 31.0% 6.8% 5.8%
Revenue CAGR (3Y) 19.5% 3.8% -4.9%
Gross profit growth (1Y) 8.0% – 6.0%
Gross profit CAGR (3Y) 5.1% – 2.3%
Operating income growth (1Y) 6.2% 7.5% -58.6%
Operating income CAGR (3Y) 19.8% 5.0% -14.6%
Net income growth (1Y) -6.9% 7.5% -228.9%
Net income CAGR (3Y) 13.7% 4.7% -67.4%
EPS growth (1Y) -7.5% 7.7% -560.3%
EPS CAGR (3Y) 10.2% 5.3% -63.2%
Operating cash flow growth (1Y) -2.9% 0.6% 8.1%
Operating cash flow CAGR (3Y) -2.6% 6.9% -6.3%
Free cash flow growth (1Y) -67.2% -17.8% -39.9%
Free cash flow CAGR (3Y) -42.0% -9.0% -34.1%

Profitability

14 metrics
MetricENBEPDNGL
Gross margin 36.9% – 29.5%
EBITDA margin 20.2% 17.6% 11.6%
Operating margin 13.3% 13.4% 4.0%
Pretax margin 9.6% 10.9% -3.7%
Net margin 6.8% 10.8% -9.9%
FCF margin 2.0% 5.9% 2.9%
Operating cash flow margin 14.9% 15.2% 11.6%
Return on equity 9.5% 20.7% –
Return on assets 2.8% 7.8% -3.1%
Return on invested capital 5.0% 12.2% 4.8%
Return on capital employed 5.5% 12.3% 4.0%
Asset turnover 0.4x 0.7x 0.8x
Cash conversion (OCF / net income) 2.0x 1.4x -3.1x
Stock comp / revenue – – 0.1%

Financial Health

11 metrics
MetricENBEPDNGL
Debt / assets 48.4% 40.6% 78.4%
Debt / equity 1.6x 1.1x -13.8x
Net debt / EBITDA 6.4x 3.2x 8.0x
Debt / FCF 65.4x 9.6x 32.2x
Liabilities / assets 70.6% 62.0% 105.7%
Equity / assets 29.4% 38.0% -5.7%
Interest coverage 2.2x 5.2x 0.6x
Current ratio 0.7x 0.9x 1.1x
Quick ratio 0.5x 0.6x 1.0x
Cash ratio 0.1x 0.0x 0.0x
Altman Z-score 0.93 – –

Shareholder Returns

7 metrics
MetricENBEPDNGL
Dividend yield 8.0% 5.9% –
Net buyback yield 0.0% 0.5% 17.8%
Shareholder yield 7.9% 6.4% 17.8%
Payout ratio (earnings) 132.1% 74.4% –
Payout ratio (FCF) 500.8% 136.9% –
Dividend growth (1Y) 4.2% 3.1% –
Dividend CAGR (3Y) 4.6% 4.1% –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusENBEPDNGL
Forward P/E 24.1xFY2026 13.0xFY2026 12.6xFY2026
EPS, next fiscal year $2.01FY2026 $2.87FY2026 $1.30FY2026
EPS growth, next FY -8.6%FY2026 +7.9%FY2026 –
EPS growth, the year after +13.9% +17.1% +31.5%
Revenue, next fiscal year $61.75BFY2026 $66.68BFY2026 $3.82BFY2026
Revenue growth, next FY +30.1%FY2026 +26.8%FY2026 +21.0%FY2026
Revenue growth, the year after -14.7% +2.5% -6.2%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersENBEPDNGL
Held by institutions 48.7% 24.8% 60.3%
Institutions holding 1,501 1,581 88
Change in shares held, QoQ +2.0% +0.8% +3.5%
Institutions buying 660 670 25
Institutions selling 503 435 29
Buyers to sellers 1.31 1.54 0.86

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

ENBEPDNGL
ENB 1.00 0.51 0.10
EPD 0.51 1.00 0.23
NGL 0.10 0.23 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ENB, EPD and NGL?

Enbridge (ENB) is the largest by market capitalisation: Enbridge (ENB) $106.13B, Enterprise Products Partners (EPD) $80.86B, NGL Energy Partners (NGL) $2.04B.

Which stock is cheaper, ENB, EPD and NGL?

Enterprise Products Partners (EPD) trades on the lowest price-to-earnings ratio (Enbridge (ENB) 25.7x, Enterprise Products Partners (EPD) 12.8x, NGL Energy Partners (NGL) -5.8x). On next year's consensus earnings, NGL Energy Partners (NGL) is cheapest (Enbridge (ENB) 24.1x, Enterprise Products Partners (EPD) 13.0x, NGL Energy Partners (NGL) 12.6x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Enbridge (ENB) grew revenue fastest over the trailing twelve months: Enbridge (ENB) +31.0%, Enterprise Products Partners (EPD) +6.8%, NGL Energy Partners (NGL) +5.8%.

Which company is more profitable?

Enterprise Products Partners (EPD) has the highest net margin (Enbridge (ENB) 6.8%, Enterprise Products Partners (EPD) 10.8%, NGL Energy Partners (NGL) -9.9%). On return on invested capital, Enterprise Products Partners (EPD) leads (Enbridge (ENB) 5.0%, Enterprise Products Partners (EPD) 12.2%, NGL Energy Partners (NGL) 4.8%).

Which stock has performed better?

Over the past year NGL Energy Partners (NGL) returned the most: Enbridge (ENB) +2.4%, Enterprise Products Partners (EPD) +19.3%, NGL Energy Partners (NGL) +157.3%. Over five years, NGL Energy Partners (NGL) compounded fastest (Enbridge (ENB) +2.7%/yr, Enterprise Products Partners (EPD) +10.0%/yr, NGL Energy Partners (NGL) +47.5%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Enterprise Products Partners (EPD) has the highest dividend yield: Enbridge (ENB) 0.06%, Enterprise Products Partners (EPD) 0.06%, NGL Energy Partners (NGL) 0.00%. NGL Energy Partners (NGL) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Enterprise Products Partners (EPD) has been the steadiest (Enbridge (ENB) 18.5%, Enterprise Products Partners (EPD) 18.5%, NGL Energy Partners (NGL) 51.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ENB, EPD and NGL?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Enterprise Products Partners (EPD) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.