Enbridge (ENBRF) Tax Rate (2017 - 2026)
Enbridge's (ENBRF) quarterly Tax Rate came in at 24.82% in Q1 2026, up 295.0% year-on-year from 6.28% in Q1 2025, and up 187.08% sequentially from 28.5% in Q4 2025.
Enbridge (ENBRF) Tax Rate (2017 - 2026) Analysis & Trends
Enbridge's Tax Rate history runs 10 years deep, the most recent figure standing at 24.82% for Q1 2026.
- In Q1 2026, Tax Rate rose 295.0% year-over-year to 24.82%; the TTM figure through Mar 2026 stood at 9.81% (down 1339.0% YoY), while the FY2025 annual figure was 10.0%, down 1286.0% from the prior year.
- Tax Rate came in at 24.82% for Q1 2026 at Enbridge, up from 28.5% in the prior quarter.
- Over five years, Tax Rate peaked at 29.75% in Q4 2023 and troughed at 102.0% in Q4 2022.
- The 5-year median for Tax Rate is 21.46% (2023), against an average of 12.07%.
- The widest annual swing landed in 2022, when Tax Rate sank 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 sank by 205 bps to 28.5% in 2025, then jumped by 187 bps to 24.82% in 2026.
- Per Business Quant data, the three most recent Tax Rate figures were 24.82% in Q1 2026, 28.5% in Q4 2025, and 27.17% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 24.82% |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 22.28% |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 1.45% |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 6.40% |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 20.27% |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 0.11% |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 24.00% |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | - |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 15.08% |
| 10 | Enbridge | - | - | 6.70 Bn | 24.82% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 24.82% |
| Mar 31, 2026 | 24.82% |
| Dec 31, 2025 | -28.50% |
| Dec 31, 2025 | -28.50% |
| Sep 30, 2025 | 27.17% |
| Sep 30, 2025 | 27.17% |
| Jun 30, 2025 | 22.30% |
| Jun 30, 2025 | 22.30% |
| Mar 31, 2025 | 21.87% |
| Mar 31, 2025 | 21.87% |
| Dec 31, 2024 | 27.21% |
| Dec 31, 2024 | 27.21% |
| Sep 30, 2024 | 17.74% |
| Sep 30, 2024 | 17.74% |
| Jun 30, 2024 | 26.97% |
| Jun 30, 2024 | 26.97% |
| Mar 31, 2024 | 19.78% |
| Mar 31, 2024 | 19.78% |
| Dec 31, 2023 | 29.75% |
| Dec 31, 2023 | 29.75% |