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| Date | Value |
|---|---|
| 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 |