Transportation Revenue was Enbridge’s largest product and service line in fiscal 2025, bringing in $23.85B of $28.00B (85%).
| Product and Service | FY 2019 | FY 2020 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|
| Commodity Sales / Costs | — | $37.96B | — | — | ||
| Transportation Revenue | — | — | $58.86B | $23.85B | ||
| Transportation & Other Services | $35.84B | $38.79B | — | — | ||
| Commodity Sales | $58.30B | — | $316.00M | $608.00M | ||
| Gas Distribution Sales | $12.47B | — | $13.49B | — | ||
| Gas Distribution Sales / Costs | — | $10.88B | — | — | ||
| Gas Distribution Revenue | — | — | — | — | ||
| Storage & Other Revenue | — | — | $3.15B | $3.08B | ||
| Electricity Revenue | — | — | $378.00M | $464.00M | ||
| Electricity & Transmission Revenue | — | — | — | — | ||
| Gas Gathering & Processing Revenue | — | — | — | — | ||
| Total | $106.62B | $87.64B | $76.20B | $28.00B |
Enbridge brought in $28.00B from its four product and service lines in fiscal 2025, the year ended December 31, 2025. Enbridge regrouped these lines after fiscal 2024, so the total does not compare directly with that year's $76.20B. Transportation Revenue was the largest at $23.85B (85.2%), ahead of Storage & Other Revenue at $3.08B (11.0%) and Commodity Sales at $608.00M (2.2%). The remaining line, Electricity Revenue, brought in $464.00M.
Compared with fiscal 2024, Commodity Sales grew fastest, up 92.4% to $608.00M, while Transportation Revenue fell the most, down 59.5% to $23.85B.
Enbridge began breaking out Electricity Revenue in fiscal 2024, when it brought in $378.00M. Enbridge stopped reporting Transportation & Other Services ($38.79B in fiscal 2023), Commodity Sales / Costs ($37.96B in fiscal 2023), Gas Distribution Sales ($13.49B in fiscal 2024) and one other as separate lines.
Liquids Pipelines was Enbridge’s largest segment in fiscal 2024, bringing in $24.43B of $53.91B (45%).
| Segment | FY 2010 | FY 2011 | FY 2012 | FY 2016 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Energy Services | — | — | — | — | ||||||
| Gas Pipelines, Processing & Energy Services | — | — | — | — | ||||||
| Liquids Pipelines | $19.57B | $23.04B | $24.78B | $24.43B | ||||||
| Gas Distribution & Storage | $18.44B | $13.47B | $12.56B | $15.94B | ||||||
| Gas Transmission & Midstream | $9.34B | — | — | — | ||||||
| Sponsored Investments | — | — | — | — | ||||||
| Gas Transmission | — | $10.77B | $12.48B | $13.17B | ||||||
| Gas Distribution | — | — | — | — | ||||||
| Revenues | — | — | — | — | ||||||
| Renewable Power Generation | $354.00M | $562.00M | $518.00M | $378.00M | ||||||
| Total | $47.70B | $47.83B | $50.33B | $53.91B |
Enbridge brought in $53.91B from its four segments in fiscal 2024, the year ended December 31, 2024. That is less than the $66.77B it reports by timing of transfer of good or service, so these segments do not cover all of its revenue. Liquids Pipelines was the largest at $24.43B (45.3%), ahead of Gas Distribution & Storage at $15.94B (29.6%) and Gas Transmission at $13.17B (24.4%). The remaining segment, Renewable Power Generation, brought in $378.00M.
Compared with fiscal 2023, Gas Distribution & Storage grew fastest, up 26.9% to $15.94B, while Liquids Pipelines fell the most, down 1.4% to $24.43B.
Enbridge began breaking out Gas Transmission in fiscal 2022, when it brought in $10.77B. Enbridge stopped reporting Gas Transmission & Midstream as a separate segment after fiscal 2021, when it brought in $9.34B.
Transferred Over Time was Enbridge’s largest revenue line in fiscal 2024, bringing in $65.86B of $66.77B (99%).
| Timing of Transfer of Good or Service | FY 2018 | FY 2024 |
|---|---|---|
| Transferred Over Time | $65.86B | |
| Transferred At Point In Time | $906.00M | |
| Total | $66.77B |
Enbridge brought in $66.77B from its two revenue lines in fiscal 2024, the year ended December 31, 2024. Transferred Over Time was the largest at $65.86B (98.6%), ahead of Transferred At Point In Time at $906.00M (1.4%).
Enbridge (EBGEF) reports its revenue by product and service, by segment and by timing of transfer of good or service. In fiscal 2025, Transportation Revenue was its largest product and service line, bringing in $23.85B (85.2% of the total), followed by Storage & Other Revenue at $3.08B (11.0%).
Transportation Revenue was Enbridge's largest product and service line in fiscal 2025, bringing in $23.85B, or 85.2% of the $28.00B total across its four product and service lines.
Liquids Pipelines was Enbridge's largest segment in fiscal 2024, bringing in $24.43B, or 45.3% of the $53.91B total across its four segments.
Transferred Over Time was Enbridge's largest revenue line in fiscal 2024, bringing in $65.86B, or 98.6% of the $66.77B total across its two revenue lines.
Among Enbridge's segments that make up at least 2% of revenue, Gas Distribution & Storage grew fastest in fiscal 2024, up 26.9% from $12.56B to $15.94B.
Every figure comes from Enbridge's annual financial filings, as reported. Each line keeps the name Enbridge gives it, and years follow its fiscal calendar.
Enbridge's revenue by product and service goes back to fiscal 2019, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.