Enbridge (EBRGF) Gross Margin (2017 - 2026)

Enbridge's (EBRGF) quarterly Gross Margin came in at 41.12% in Q1 2026, down 4046.0% year-on-year from 1.04% in Q1 2025, and down 15.6% sequentially from 48.72% in Q4 2025.

Enbridge (EBRGF) Gross Margin (2017 - 2026) Analysis & Trends

Enbridge's Gross Margin history runs 10 years deep, the most recent figure standing at 41.12% for Q1 2026.

  • In Q1 2026, Gross Margin fell 4046.0% year-over-year to 41.12%; the TTM figure through Mar 2026 stood at 44.68% (down 4813.0% YoY), while the FY2025 annual figure was 47.3%, up 405.0% from the prior year.
  • Gross Margin came in at 41.12% for Q1 2026 at Enbridge, down from 48.72% in the prior quarter.
  • Over five years, Gross Margin peaked at 197.3% in Q4 2023 and troughed at 41.12% in Q1 2026.
  • The 5-year median for Gross Margin is 54.37% (2024), against an average of 74.91%.
  • The widest annual swing landed in 2023, when Gross Margin surged 14326 bps; it then slumped 7663 bps in 2024.
  • A 5-year view of Gross Margin shows it stood at 54.04% in 2022, then soared by 265 bps to 197.3% in 2023, then plunged by 39 bps to 120.67% in 2024, then sank by 60 bps to 48.72% in 2025, then decreased by 16 bps to 41.12% in 2026.
  • Per Business Quant data, the three most recent Gross Margin figures were 41.12% in Q1 2026, 48.72% in Q4 2025, and 43.94% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Enbridge 1,308.38 Bn 1,309.08 Bn 6.70 Bn 41.12%
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn 63.77%
3 Enterprise Products Partners 79.55 Bn 78.40 Bn - -
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn 23.85%
5 Targa Resources 57.60 Bn 57.63 Bn 1.70 Bn 41.52%
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn 83.61%
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn 26.67%
8 Cheniere Energy Partners 29.50 Bn 29.22 Bn 838.00 Mn 23.28%
9 Venture Global 27.41 Bn 27.36 Bn 4.33 Bn 94.13%
10 Enbridge - - 6.70 Bn 41.12%

Historic Data

Download Data
DateValue
Mar 31, 2026 41.12%
Dec 31, 2025 48.72%
Sep 30, 2025 43.94%
Jun 30, 2025 46.17%
Mar 31, 2025 81.59%
Dec 31, 2024 120.67%
Sep 30, 2024 98.65%
Jun 30, 2024 54.37%
Mar 31, 2024 63.71%
Dec 31, 2023 197.30%
Sep 30, 2023 52.78%
Jun 30, 2023 96.47%
Mar 31, 2023 86.80%
Dec 31, 2022 54.04%
Sep 30, 2022 45.56%
Jun 30, 2022 96.55%
Mar 31, 2022 45.08%
Dec 31, 2021 120.28%
Sep 30, 2021 35.92%
Jun 30, 2021 41.27%