Enbridge (ENB) Tax Rate (2012 - 2026)
Enbridge (ENB) posted quarterly Tax Rate of 21.97% for Q2 2026, down 33.0% year-over-year from 32.79% in Q2 2025, and down 11.49% on a QoQ basis from 24.82% in Q1 2026.
Enbridge (ENB) Tax Rate (2012 - 2026) Analysis & Trends
Enbridge has reported Tax Rate for 15 years, with the latest figure at 21.97% in Q2 2026.
- Tax Rate for Q2 2026 came in at 21.97%, down 33.0% year-over-year; the trailing twelve-month figure through Jun 2026 was 20.92% (down 77.0% YoY), and the FY2025 annual result was 20.46%, down 239.0% from the prior year.
- Tax Rate declined to 21.97% in Q2 2026, from 24.82% in the prior quarter.
- Over five years, Tax Rate peaked at 29.75% in Q4 2023 and troughed at 102.0% in Q4 2022.
- A 5-year average of 14.94% and a median of 21.67% in 2023 frame the typical range for Tax Rate.
- The widest annual swing landed in 2022, when Tax Rate plunged 12107 bps; it then soared 13175 bps in 2023.
- A 5-year view of Tax Rate shows it stood at 102.0% in 2022, then jumped by 129 bps to 29.75% in 2023, then fell by 9 bps to 27.21% in 2024, then plunged by 51 bps to 13.23% in 2025, then soared by 66 bps to 21.97% in 2026.
- Per Business Quant data, the three most recent Tax Rate figures were 21.97% in Q2 2026, 24.82% in Q1 2026, and 13.23% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 23.33% |
| 2 | Enbridge | 110.91 Bn | 109.42 Bn | 5.23 Bn | 21.97% |
| 3 | Enterprise Products Partners | 83.41 Bn | 82.50 Bn | - | 0.64% |
| 4 | Energy Transfer | 72.45 Bn | 71.42 Bn | 7.40 Bn | 7.12% |
| 5 | Tc Energy | 65.95 Bn | 58.39 Bn | 1.24 Bn | 5.85% |
| 6 | Mplx | 60.44 Bn | 59.41 Bn | 2.73 Bn | 0.18% |
| 7 | Oneok | 59.80 Bn | 59.64 Bn | 2.81 Bn | 23.62% |
| 8 | Targa Resources | 59.00 Bn | 58.86 Bn | 2.14 Bn | 22.61% |
| 9 | Cheniere Energy | 55.77 Bn | 54.52 Bn | 5.29 Bn | 9.13% |
| 10 | Venture Global | 34.04 Bn | 30.82 Bn | 2.92 Bn | 19.17% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 21.97% |
| Jun 30, 2026 | 21.97% |
| Jun 30, 2026 | 21.97% |
| 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% |