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Enbridge (ENB) Operating Expenses (2016 - 2026)

Enbridge has reported Operating Expenses over the past 17 years, most recently at $10.4 billion for Q4 2025.

  • Quarterly Operating Expenses rose 5.13% to $10.4 billion in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $38.8 billion through Dec 2025, up 21.36% year-over-year, with the annual reading at $38.9 billion for FY2025, 21.5% up from the prior year.
  • Operating Expenses was $10.4 billion for Q4 2025 at Enbridge, up from $9.0 billion in the prior quarter.
  • Over five years, Operating Expenses peaked at $10.4 billion in Q4 2025 and troughed at $6.0 billion in Q3 2023.
  • The 5-year median for Operating Expenses is $8.1 billion (2021), against an average of $8.2 billion.
  • Year-over-year, Operating Expenses surged 75.85% in 2021 and then tumbled 34.41% in 2023.
  • A 5-year view of Operating Expenses shows it stood at $8.3 billion in 2021, then grew by 24.48% to $10.3 billion in 2022, then tumbled by 32.5% to $6.9 billion in 2023, then skyrocketed by 41.96% to $9.9 billion in 2024, then rose by 5.13% to $10.4 billion in 2025.
  • Per Business Quant, the three most recent readings for ENB's Operating Expenses are $10.4 billion (Q4 2025), $9.0 billion (Q3 2025), and $9.1 billion (Q2 2025).