Enbridge (ENB) Tax Provisions (2011 - 2026)
Enbridge (ENB) posted quarterly Tax Provisions of $428.0 million for Q1 2026, down 11.88% year-on-year from $485.8 million in Q1 2025, and up 83.67% on a QoQ basis from $233.1 million in Q4 2025.
Enbridge (ENB) Tax Provisions (2011 - 2026) Analysis & Trends
Enbridge (ENB) has reported Tax Provisions for 16 consecutive years, with $428.0 million the latest figure, recorded in Q1 2026.
- Quarterly Tax Provisions fell 11.88% year-over-year to $428.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.4 billion (down 3.43% YoY) and the FY2025 annual result came in at $1.4 billion, up 17.73% from the prior year.
- Tax Provisions rose to $428.0 million in Q1 2026 per ENB's latest filing, from $233.1 million in the prior quarter.
- Over the last five years, Tax Provisions for ENB reached as high as $540.3 million in Q2 2024 and fell as low as $95.5 million in Q3 2023.
- A 5-year average of $332.6 million and a median of $377.2 million in 2023 frame the typical range for Tax Provisions.
- Annual changes were most pronounced in 2023 — Tax Provisions soared 270.38% — and 2024, when it tumbled 66.1%.
- Year by year, Tax Provisions stood at $412.6 million in 2022, then rose by 18.22% to $487.7 million in 2023, then slumped by 66.1% to $165.4 million in 2024, then soared by 40.94% to $233.1 million in 2025, then jumped by 83.67% to $428.0 million in 2026.
- According to Business Quant data, Tax Provisions over the past three periods registered $428.0 million, $233.1 million, and $229.6 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | -126,000.00 |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | -23,000.00 |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 272.00 Mn |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 428.04 Mn |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 22.00 Mn |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 102.54 Mn |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 135.00 Mn |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 123.90 Mn |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 245.00 Mn |
| 10 | Mplx | 58.39 Bn | 56.89 Bn | 1.95 Bn | 1.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 428.04 Mn |
| Dec 31, 2025 | 233.05 Mn |
| Sep 30, 2025 | 229.62 Mn |
| Jun 30, 2025 | 480.66 Mn |
| Mar 31, 2025 | 485.75 Mn |
| Dec 31, 2024 | 165.36 Mn |
| Sep 30, 2024 | 228.71 Mn |
| Jun 30, 2024 | 540.31 Mn |
| Mar 31, 2024 | 286.46 Mn |
| Dec 31, 2023 | 487.73 Mn |
| Sep 30, 2023 | 95.48 Mn |
| Jun 30, 2023 | 386.37 Mn |
| Mar 31, 2023 | 377.25 Mn |
| Dec 31, 2022 | 412.55 Mn |
| Sep 30, 2022 | 243.83 Mn |
| Jun 30, 2022 | 104.32 Mn |
| Mar 31, 2022 | 468.16 Mn |
| Dec 31, 2021 | 367.31 Mn |
| Sep 30, 2021 | 158.09 Mn |
| Jun 30, 2021 | 219.65 Mn |