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
DateValue
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%