Enbridge (EBGEF) Operating Expenses (2012 - 2026)
Enbridge's (EBGEF) quarterly Operating Expenses came in at $19.1 billion in Q2 2026, up 110.16% year-over-year from $9.1 billion in Q2 2025, and up 36.84% quarter-over-quarter from $14.0 billion in Q1 2026.
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Enbridge (EBGEF) Operating Expenses (2012 - 2026) Analysis & Trends
Enbridge (EBGEF) has reported Operating Expenses for 15 consecutive years, with $19.1 billion the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses rose 110.16% year-over-year to $19.1 billion in Q2 2026; TTM through Jun 2026 was $52.4 billion, a 35.87% increase from a year earlier, with the FY2025 full-year figure at $38.8 billion, up 21.27% from the prior year.
- Operating Expenses was $19.1 billion for Q2 2026 at Enbridge, up from $14.0 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $19.1 billion in Q2 2026 and troughed at $6.0 billion in Q3 2023.
- A 5-year average of $9.3 billion and a median of $9.1 billion in 2022 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses sank 34.41% in 2023 and soared 110.16% in 2026, its largest moves.
- Over 5 years, Operating Expenses stood at $10.3 billion in 2022, then plunged by 32.5% to $6.9 billion in 2023, then soared by 41.96% to $9.9 billion in 2024, then increased by 5.13% to $10.4 billion in 2025, then surged by 84.23% to $19.1 billion in 2026.
- The last three Operating Expenses figures came in at $19.1 billion (Q2 2026), $14.0 billion (Q1 2026), and $10.4 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 110.71 Bn | 111.84 Bn | 3.07 Bn | 3.13 Bn |
| 2 | Enterprise Products Partners | 82.12 Bn | 81.26 Bn | - | 16.13 Bn |
| 3 | Energy Transfer | 70.45 Bn | 69.42 Bn | 7.40 Bn | 30.76 Bn |
| 4 | Tc Energy | 62.27 Bn | 61.74 Bn | 1.80 Bn | - |
| 5 | Targa Resources | 60.51 Bn | 60.52 Bn | 2.14 Bn | 354.10 Mn |
| 6 | Mplx | 59.97 Bn | 58.94 Bn | 2.73 Bn | 1.93 Bn |
| 7 | Oneok | 56.80 Bn | 56.74 Bn | 2.81 Bn | 4.00 Mn |
| 8 | Cheniere Energy | 56.38 Bn | 60.43 Bn | 5.29 Bn | 1.44 Bn |
| 9 | Enbridge | 54.60 Bn | 55.10 Bn | 5.23 Bn | 19.09 Bn |
| 10 | Venture Global | 32.13 Bn | 32.42 Bn | 2.92 Bn | 2.39 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 19.09 Bn |
| Mar 31, 2026 | 13.95 Bn |
| Dec 31, 2025 | 10.36 Bn |
| Sep 30, 2025 | 8.99 Bn |
| Jun 30, 2025 | 9.08 Bn |
| Mar 31, 2025 | 10.34 Bn |
| Dec 31, 2024 | 9.86 Bn |
| Sep 30, 2024 | 9.28 Bn |
| Jun 30, 2024 | 6.63 Bn |
| Mar 31, 2024 | 6.18 Bn |
| Dec 31, 2023 | 6.94 Bn |
| Sep 30, 2023 | 6.00 Bn |
| Jun 30, 2023 | 6.02 Bn |
| Mar 31, 2023 | 6.96 Bn |
| Dec 31, 2022 | 10.29 Bn |
| Sep 30, 2022 | 7.51 Bn |
| Jun 30, 2022 | 9.17 Bn |
| Mar 31, 2022 | 10.01 Bn |
| Dec 31, 2021 | 8.26 Bn |
| Sep 30, 2021 | 8.01 Bn |
API Access
Enbridge Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=EBGEF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "EBGEF", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=EBGEF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();