Enbridge (EBRGF) Operating Expenses (2017 - 2026)

Enbridge's (EBRGF) quarterly Operating Expenses came in at $14.0 billion in Q1 2026, up 34.99% year-on-year from $10.3 billion in Q1 2025, and up 34.63% sequentially from $10.4 billion in Q4 2025.

Enbridge (EBRGF) Operating Expenses (2017 - 2026) Analysis & Trends

Enbridge's Operating Expenses history runs 10 years deep, the most recent figure standing at $14.0 billion for Q1 2026.

  • In Q1 2026, Operating Expenses rose 34.99% year-over-year to $14.0 billion; the TTM figure through Mar 2026 stood at $42.4 billion (up 17.4% YoY), while the FY2025 annual figure was $38.9 billion, up 21.5% from the prior year.
  • Operating Expenses came in at $14.0 billion for Q1 2026 at Enbridge, up from $10.4 billion in the prior quarter.
  • Over five years, Operating Expenses peaked at $14.0 billion in Q1 2026 and troughed at $6.0 billion in Q3 2023.
  • The 5-year median for Operating Expenses is $9.1 billion (2025), against an average of $8.7 billion.
  • The widest annual swing landed in 2023, when Operating Expenses sank 34.41%; it then soared 67.25% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $10.3 billion in 2022, then plunged by 32.5% to $6.9 billion in 2023, then surged by 41.96% to $9.9 billion in 2024, then gained by 5.13% to $10.4 billion in 2025, then soared by 34.63% to $14.0 billion in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $14.0 billion in Q1 2026, $10.4 billion in Q4 2025, and $9.0 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Enbridge 1,308.38 Bn 1,309.08 Bn 6.70 Bn 13.95 Bn
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn 3.38 Bn
3 Enterprise Products Partners 79.55 Bn 78.40 Bn - 12.50 Bn
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn 1.70 Bn
5 Targa Resources 57.60 Bn 57.63 Bn 1.70 Bn 333.70 Mn
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn 1.82 Bn
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn 7.00 Mn
8 Cheniere Energy Partners 29.50 Bn 29.22 Bn 838.00 Mn 274.00 Mn
9 Venture Global 27.41 Bn 27.36 Bn 4.33 Bn 3.45 Bn
10 Enbridge - - 6.70 Bn 13.95 Bn

Historic Data

Download Data
DateValue
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
Jun 30, 2021 7.43 Bn