Enbridge (ENBGF) Operating Expenses (2017 - 2026)
Enbridge (ENBGF) reported Operating Expenses of $14.0 billion for Q1 2026, up 34.99% year-over-year from $10.3 billion in Q1 2025, and up 34.63% quarter-over-quarter from $10.4 billion in Q4 2025.
Enbridge (ENBGF) Operating Expenses (2017 - 2026) Analysis & Trends
Enbridge (ENBGF) has 10 years of Operating Expenses data on file, last reported at $14.0 billion in Q1 2026.
- Operating Expenses for Q1 2026 came in at $14.0 billion, up 34.99% year-over-year; the trailing twelve-month figure through Mar 2026 was $42.4 billion (up 17.4% YoY), and the FY2025 annual result was $38.9 billion, up 21.5% from the prior year.
- Operating Expenses rose to $14.0 billion in Q1 2026 per ENBGF's latest filing, from $10.4 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $14.0 billion in Q1 2026 and troughed at $6.0 billion in Q3 2023.
- A 5-year average of $8.7 billion and a median of $9.1 billion in 2025 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2023 and 2025: Operating Expenses plunged 34.41% in 2023, then surged 67.25% in 2025.
- A 5-year view of Operating Expenses shows it stood at $10.3 billion in 2022, then tumbled by 32.5% to $6.9 billion in 2023, then jumped by 41.96% to $9.9 billion in 2024, then rose by 5.13% to $10.4 billion in 2025, then surged by 34.63% to $14.0 billion in 2026.
- Business Quant data shows ENBGF's Operating Expenses at $14.0 billion in Q1 2026, $10.4 billion in Q4 2025, and $9.0 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 13.95 Bn |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 12.50 Bn |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 3.38 Bn |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 1.70 Bn |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | -93.35 Mn |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 1.82 Bn |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 333.70 Mn |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 7.00 Mn |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 915.00 Mn |
| 10 | Enbridge | - | - | 6.70 Bn | 13.95 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 13.95 Bn |
| Dec 31, 2025 | 10.36 Bn |
| Sep 30, 2025 | 8.99 Bn |
| Jun 30, 2025 | 9.08 Bn |
| Mar 31, 2025 | 10.34 Bn |
| Dec 31, 2024 | 9.86 Bn |
| Sep 30, 2024 | 9.28 Bn |
| Jun 30, 2024 | 6.63 Bn |
| Mar 31, 2024 | 6.18 Bn |
| Dec 31, 2023 | 6.94 Bn |
| Sep 30, 2023 | 6.00 Bn |
| Jun 30, 2023 | 6.02 Bn |
| Mar 31, 2023 | 6.96 Bn |
| Dec 31, 2022 | 10.29 Bn |
| Sep 30, 2022 | 7.51 Bn |
| Jun 30, 2022 | 9.17 Bn |
| Mar 31, 2022 | 10.01 Bn |
| Dec 31, 2021 | 8.26 Bn |
| Sep 30, 2021 | 8.01 Bn |
| Jun 30, 2021 | 7.43 Bn |