Enbridge (ENB) Cost of Revenue (2012 - 2026)

Enbridge (ENB) posted quarterly Cost of Revenue of $9.6 billion for Q1 2026, up 47.54% year-on-year from $6.5 billion in Q1 2025, and up 51.97% on a QoQ basis from $6.3 billion in Q4 2025.

Enbridge (ENB) Cost of Revenue (2012 - 2026) Analysis & Trends

Enbridge (ENB) has reported Cost of Revenue for 15 consecutive years, with $9.6 billion the latest figure, recorded in Q1 2026.

  • Quarterly Cost of Revenue rose 47.54% year-over-year to $9.6 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $27.7 billion (up 20.88% YoY) and the FY2025 annual result came in at $24.6 billion, up 26.78% from the prior year.
  • Cost of Revenue advanced to $9.6 billion in Q1 2026 per ENB's latest filing, from $6.3 billion in the prior quarter.
  • Over the last five years, Cost of Revenue for ENB reached as high as $9.6 billion in Q1 2026 and fell as low as $3.0 billion in Q1 2024.
  • A 5-year average of $5.3 billion and a median of $5.8 billion in 2025 frame the typical range for Cost of Revenue.
  • Annual changes were most pronounced in 2023 — Cost of Revenue slumped 47.61% — and 2025, when it surged 118.83%.
  • Year by year, Cost of Revenue stood at $4.5 billion in 2022, then slipped by 24.16% to $3.4 billion in 2023, then jumped by 76.76% to $6.1 billion in 2024, then advanced by 3.66% to $6.3 billion in 2025, then surged by 51.97% to $9.6 billion in 2026.
  • According to Business Quant data, Cost of Revenue over the past three periods registered $9.6 billion, $6.3 billion, and $6.0 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 DHT Holdings 2,943.60 Bn 2,943.47 Bn 167.16 Mn 19.13 Mn
2 Flex LNG 1,649.28 Bn 1,648.89 Bn 61.79 Mn 18.67 Mn
3 Enbridge 120.97 Bn 119.64 Bn 6.70 Bn 9.60 Bn
4 Kinder Morgan 112.45 Bn 112.33 Bn 3.07 Bn 1.41 Bn
5 Enterprise Products Partners 82.58 Bn 81.38 Bn - -
6 Tc Energy 71.17 Bn 65.47 Bn 1.36 Bn 39.44 Mn
7 Energy Transfer 68.75 Bn 67.78 Bn 6.62 Bn 21.15 Bn
8 Mplx 59.29 Bn 57.78 Bn 1.95 Bn 402.00 Mn
9 Targa Resources 57.65 Bn 57.55 Bn 1.70 Bn 2.39 Bn
10 Oneok 56.54 Bn 56.36 Bn 8.98 Bn 634.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 9.60 Bn
Mar 31, 2026 9.60 Bn
Dec 31, 2025 6.32 Bn
Dec 31, 2025 6.32 Bn
Sep 30, 2025 5.96 Bn
Sep 30, 2025 5.96 Bn
Jun 30, 2025 5.78 Bn
Jun 30, 2025 5.78 Bn
Mar 31, 2025 6.51 Bn
Mar 31, 2025 6.51 Bn
Dec 31, 2024 6.09 Bn
Dec 31, 2024 6.09 Bn
Sep 30, 2024 6.50 Bn
Sep 30, 2024 6.50 Bn
Jun 30, 2024 3.78 Bn
Jun 30, 2024 3.78 Bn
Mar 31, 2024 2.97 Bn
Mar 31, 2024 2.97 Bn
Dec 31, 2023 3.45 Bn
Dec 31, 2023 3.45 Bn