Enbridge (ENB) Tax Rate (2012 - 2026)
Enbridge (ENB) posted quarterly Tax Rate of 24.82% for Q1 2026, up 295.0% year-on-year from 6.28% in Q1 2025, and up 87.57% on a QoQ basis from 13.23% in Q4 2025.
Enbridge (ENB) Tax Rate (2012 - 2026) Analysis & Trends
Enbridge (ENB) has reported Tax Rate for 15 consecutive years, with 24.82% the latest figure, recorded in Q1 2026.
- Quarterly Tax Rate rose 295.0% year-over-year to 24.82% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 21.14% (down 206.0% YoY) and the FY2025 annual result came in at 20.46%, down 239.0% from the prior year.
- Tax Rate rose to 24.82% in Q1 2026 per ENB's latest filing, from 13.23% in the prior quarter.
- Over the last five years, Tax Rate for ENB reached as high as 29.75% in Q4 2023 and fell as low as 102.0% in Q4 2022.
- A 5-year average of 14.53% and a median of 21.46% in 2023 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2022 — Tax Rate plunged 12107 bps — and 2023, when it jumped 13175 bps.
- Year by year, Tax Rate stood at 102.0% in 2022, then jumped by 129 bps to 29.75% in 2023, then slipped by 9 bps to 27.21% in 2024, then tumbled by 51 bps to 13.23% in 2025, then surged by 88 bps to 24.82% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 24.82%, 13.23%, and 27.17% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | -0.08% |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | -0.12% |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 23.33% |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 24.82% |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 1.45% |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 10.04% |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 6.40% |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 20.27% |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 24.00% |
| 10 | Mplx | 58.39 Bn | 56.89 Bn | 1.95 Bn | 0.11% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 24.82% |
| Mar 31, 2026 | 24.82% |
| Mar 31, 2026 | 24.82% |
| Dec 31, 2025 | 13.23% |
| Dec 31, 2025 | 13.23% |
| Dec 31, 2025 | 13.23% |
| Sep 30, 2025 | 27.17% |
| Sep 30, 2025 | 27.17% |
| Sep 30, 2025 | 27.17% |
| Jun 30, 2025 | 22.30% |
| Jun 30, 2025 | 22.30% |
| Jun 30, 2025 | 22.30% |
| Mar 31, 2025 | 21.87% |
| Mar 31, 2025 | 21.87% |
| Mar 31, 2025 | 21.87% |
| Dec 31, 2024 | 27.21% |
| Dec 31, 2024 | 27.21% |
| Dec 31, 2024 | 27.21% |
| Sep 30, 2024 | 17.74% |
| Sep 30, 2024 | 17.74% |