Enbridge (ENBNF) Cost of Revenue (2017 - 2026)
Enbridge's (ENBNF) quarterly Cost of Revenue came in at $9.6 billion in Q1 2026, up 752.28% year-on-year from $1.1 billion in Q1 2025, and up 51.97% sequentially from $6.3 billion in Q4 2025.
Enbridge (ENBNF) Cost of Revenue (2017 - 2026) Analysis & Trends
Enbridge's Cost of Revenue history runs 10 years deep, the most recent figure standing at $9.6 billion for Q1 2026.
- In Q1 2026, Cost of Revenue rose 752.28% year-over-year to $9.6 billion; the TTM figure through Mar 2026 stood at $27.7 billion (up 941.24% YoY), while the FY2025 annual figure was $24.6 billion, up 129.59% from the prior year.
- Cost of Revenue came in at $9.6 billion for Q1 2026 at Enbridge, up from $6.3 billion in the prior quarter.
- Over five years, Cost of Revenue peaked at $9.6 billion in Q1 2026 and troughed at -$8.1 billion in Q4 2023.
- The 5-year median for Cost of Revenue is $3.5 billion (2023), against an average of $2.7 billion.
- The widest annual swing landed in 2023, when Cost of Revenue plunged 277.64%; it then soared 3947.33% in 2025.
- A 5-year view of Cost of Revenue shows it stood at $4.5 billion in 2022, then sank by 277.64% to -$8.1 billion in 2023, then jumped by 70.28% to -$2.4 billion in 2024, then soared by 363.22% to $6.3 billion in 2025, then surged by 51.97% to $9.6 billion in 2026.
- Per Business Quant data, the three most recent Cost of Revenue figures were $9.6 billion in Q1 2026, $6.3 billion in Q4 2025, and $6.0 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 9.60 Bn |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 1.75 Bn |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | - |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 21.15 Bn |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 2.39 Bn |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 498.00 Mn |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 7.05 Bn |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 2.76 Bn |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 270.00 Mn |
| 10 | Enbridge | - | - | 6.70 Bn | 9.60 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 9.60 Bn |
| Mar 31, 2026 | 9.60 Bn |
| Dec 31, 2025 | 6.32 Bn |
| Dec 31, 2025 | 6.32 Bn |
| Sep 30, 2025 | 5.96 Bn |
| Sep 30, 2025 | 5.96 Bn |
| Jun 30, 2025 | 5.78 Bn |
| Jun 30, 2025 | 5.78 Bn |
| Mar 31, 2025 | 1.13 Bn |
| Mar 31, 2025 | 1.13 Bn |
| Dec 31, 2024 | -2.40 Bn |
| Dec 31, 2024 | -2.40 Bn |
| Sep 30, 2024 | 147.34 Mn |
| Sep 30, 2024 | 147.34 Mn |
| Jun 30, 2024 | 3.78 Bn |
| Jun 30, 2024 | 3.78 Bn |
| Mar 31, 2024 | 2.97 Bn |
| Mar 31, 2024 | 2.97 Bn |
| Dec 31, 2023 | -8.07 Bn |
| Dec 31, 2023 | -8.07 Bn |