Share Enbridge (ENB) Q3 2026 Earnings Review: New gas projects support steady cash-flow outlook
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Earnings results
EnbridgeENB · Oil & Gas Midstream
ENB · November 6, 2026Before open · Since the previous regular close
+1.02%Session snapshot

Enbridge (ENB) Q3 2026 Earnings Review: New gas projects support steady cash-flow outlook

Earnings results

  • EPS

    Adjusted profit per share: C$0.49 · Matching consensus comparison not provided.

  • Revenue

    Actual: C$21.08 billion · Matching consensus comparison not provided.

  • Guidance reaffirmed

    2026 distributable cash flow: C$5.70–6.10 per share, unchanged.

By Stocks To Buy Now AI ResearchPublished

51
THE CATALYST

What the company reported

Enbridge placed C$3 billion of gas transmission projects into service and reaffirmed its 2026 financial guidance, as higher regulated rates helped adjusted profit grow despite weaker liquids pipeline earnings.

AT A GLANCE

Q3 2026 earnings recap

Enbridge brought C$3 billion of gas projects into service and kept its full-year cash-flow outlook, supporting future earnings as demand for gas infrastructure grows.

  • Higher regulated rates helped adjusted profit per share rise to C$0.49 from C$0.46, while weaker liquids-pipeline earnings limited the improvement.
  • Revenue reached C$21.08 billion, but commodity sales make revenue growth a less direct measure of pipeline performance than earnings and cash flow.
  • Distributable cash flow, which adjusts operating cash for specified costs and timing items, rose 4.8% to C$2.69 billion even as operating cash flow fell to C$2.7 billion.
  • The unchanged 2026 distributable cash-flow forecast of C$5.7–6.10 per share puts the November 5 stock price at about 11.4 times the midpoint.
  • Shares traded at US$48.49 before open on November 6, up 0.8% from the prior close, with recent highs around US$49.4–49.62 the next chart area to watch.
  • The US$2.55 billion Tallgrass oil-business acquisition still awaits approval, while the US$0.6 billion Salt Creek purchase closed in October and expands Enbridge’s Permian footprint.

Watch whether new projects turn into higher cash flow while Enbridge manages debt at 5.1 times adjusted earnings before interest, taxes, depreciation and amortization.

THE VISUAL RESEARCH

Financials, technicals and earnings

Charts through Nov 5, 2026.

Financials
Technicals
Earnings & peers
WHAT TO WATCH

Technical setup and risks

The November 5 NYSE close of US$48.11 was near the 20-day and 50-day averages; recent lows around US$47.86–48.04 and highs around US$49.4–49.62 frame the next regular-session test after results.

AI-assisted earnings research with verified issuer results. Charts use the stated completed session. Educational information; investing involves risk.

EXPLORE COMPANY RESEARCH

Enbridge: the full stock picture

Earnings history, financials, price action and peer comparisons — all below.
Open ENB stock page ↗

EXPLORE THE COMPANY

Enbridge (ENB)

Explore earnings, price action, financials and industry comparisons.

Symbol
ENB
Sector
Energy
Industry
Oil & Gas Midstream
Instrument type
EQUITY

Profile information from our saved company catalog. This is not a live quote or confirmation of current listing status.

EARNINGS & COMPANY RESEARCH

ENB earnings, valuation & price action

View in calendar ↗
NEXT EXPECTED REPORTNov 6 2026Before open · ET
EPS ESTIMATE0.36
REVENUE ESTIMATE9.62B

Expected dates may change. Estimates use the source’s reporting currency. Quotes and research are snapshots, not live prices.

COMPANY RESEARCH · Energy

Enbridge Inc. ENB

Oil & Gas Midstream · Updated 11/5/2026

Adjusted closing price · USD48.11 Nov 5
41475258Nov 4May 7Nov 5
Price50-day average200-day average+10.9% in view
VALUATION & EXPECTATIONS
Trailing P/E22.7×
Forward P/E16.4×
Trailing P/S1.6×
Forward P/S1.3×
EPS beat rate75%
Revenue beat rate100%
Positive window63%

EPS beats: 6 of 8 comparable reports. Positive price windows: 5 of 8.

Market caps may be up to 14 days old; prices up to seven days old; ratios and analyst estimates up to fourteen days old. Forward multiples use consensus for the fiscal year ending 2026-12-31, not the next 12 months. Negative or unavailable earnings multiples show “N/A”. Forward ADR multiples are omitted when the currency/share basis is not reconciled.

50-day average48.16
200-day average51.01
RSI (14)49
20-day range46.54 – 49.46
Relative volume1.3×
1-year change+10.9%
Last eight reported earnings for ENB
Report dateEPS estimateEPS actualSurpriseResultRevenue actualPrice window*5 sessions*
Jul 31 20260.430.46+7.0%Beat20.64B-2.4%-7.5%
May 8 20260.690.71+2.9%Beat16.07B+0.9%+3.7%
Feb 13 20260.600.63+5.0%Beat12.51B+0.5%+2.3%
Nov 7 20250.390.33-15.4%Miss14.64B+2.2%+3.6%
Aug 1 20250.410.47+14.6%Beat10.88B+2.9%+3.7%
May 9 20250.680.72+5.9%Beat12.99B-2.7%-0.6%
Feb 14 20250.520.53+1.9%Beat11.27B-4.5%-7.2%
Nov 1 20240.400.400.0%Met10.93B+1.1%+4.8%

*Adjusted close before the report date to the first (or fifth) trading close after it. This window can span two sessions and is not an isolated earnings-day return. Figures may be revised by the provider.

Smart Money activity

Recent insider and politician transactions, and disclosed fund positions for ENB.

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02 / FINANCIALS

Enbridge financials

Revenue, earnings, cash flow and financial strength in one view.

Reporting currency unconfirmed.

Revenue
Net income
Gross profit
Operating income
EBITDA
Operating cash flow
Capital expenditure
Cash
Total assets
Total liabilities
Shareholder equity
Total debt
Net profit margin
Gross margin
Short interest: days to cover
How to read these financial metrics

Figures use the app’s saved statements for the displayed period, not a trailing-year total. Margins divide profit by revenue; quick ratio uses current assets less inventory divided by current liabilities. Compare dates and currencies before comparing companies.

03 / WHAT COMES NEXT

Enbridge event catalysts

Company earnings and scheduled market events that may change expectations.

2026-11-06

ENB earnings

Watch reported results, management’s outlook and the share-price reaction.

See earnings expectations ↑
2026-11-068:30 AM ET

Jobs report · payrolls & unemployment

Read revisions and wages alongside the headline. Strong hiring can support demand but also lift rate expectations.

Release schedule ↗Scheduled
2026-11-0610:00 AM ET

Consumer sentiment · preliminary

Watch changes in inflation expectations as well as sentiment.

Release schedule ↗Scheduled
2026-11-108:30 AM ET

CPI inflation

Compare headline and core inflation with expectations; watch Treasury yields and growth stocks.

Release schedule ↗Scheduled
2026-11-11Time not announced

MSCI · index review announcement

Review official additions, deletions and weight changes; release time is not specified here.

Release schedule ↗Scheduled
2026-11-128:30 AM ET

Initial jobless claims

Use the multiweek trend to distinguish normal volatility from a sustained increase in layoffs.

Release schedule ↗Scheduled
2026-11-138:30 AM ET

PPI inflation

Watch the surprise versus expectations and implications for margins and interest rates.

Release schedule ↗Scheduled
2026-11-13Time not announced

Russell · preliminary additions/deletions

Check the official lists. Preliminary changes can be revised.

Release schedule ↗Scheduled
2026-11-16Filing deadline · ET date

13F filing deadline · Q3 holdings

Filings may arrive earlier and positions can have changed. A filing is not a new trade or a guarantee of buying pressure.

Release schedule ↗Scheduled

Dates use U.S. Eastern time and can change. Calendar events provide context; they do not determine the direction of a stock move.

04 / SIDE BY SIDE

Compare ENB with its peers

Oil & Gas Midstream · Compare valuation, financial strength and price performance.

Companies with valuation data5
Peer median positive P/E13.3×
ENB P/E22.7×
ENB peer comparison: valuation
CompanyPriceMarket capP/EForward P/EP/SForward P/S
ENBEnbridge2026-11-05 · USD48.11108.72B22.7×16.4×1.6×1.3×
ALA.TOAltaGas Ltd.
EPDEnterprise Products Partners L.P.2026-11-05 · USD36.9578.86B12.7×12.1×1.3×1.3×
KMIKinder Morgan, Inc.2026-11-04 · USD31.5875.09B20.8×20.4×4.1×4.1×
MPLXMPLX Lp2026-11-05 · USD55.3457.33B13.2×13.0×4.5×4.4×
OKEONEOK, Inc.2026-11-05 · USD86.2554.38B13.4×14.9×1.3×1.3×
PPL.TOPembina Pipeline Corporation
ENB22.7×
EPD12.7×
KMI20.8×
MPLX13.2×
OKE13.4×

The peer median excludes the selected stock and is based on 4 available positive multiples. P/E median excludes negative or missing earnings multiples. Peer reports can have different fiscal periods and currencies; values are not currency-converted.

05 / PEER ANALYSIS

Explore ENB alongside its peers

Oil & Gas Midstream · 11 companies · Cached market data

Comparison

Compare companies

Tap a bubble to inspect a company, then × to hide it. Undo restores the last company hidden. Bubble area reflects market cap, with a minimum size for visibility.

Price / sales
0.0×6.34B2.1×44.12B4.2×81.91B6.4×119.69BEPD · Enterprise Products Partners Market cap: 78.86B Price / sales: 1.3×KMI · Kinder Morgan Market cap: 75.09B Price / sales: 4.1×TRP · TC Energy Market cap: 65.19B Price / sales: 5.7×MPLX · MPLX LP Market cap: 57.33B Price / sales: 4.5×OKE · ONEOK Market cap: 54.38B Price / sales: 1.3×PAA · Plains All American Pipeline, L Market cap: 17.31B Price / sales: 0.3×ENB · Enbridge Inc. Market cap: 108.72B Price / sales: 1.6×Hide ENB · Undo restores itMarket cap
ENBEnbridge Inc.

Market cap: 108.72B
Price / sales: 1.6×

Valuation snapshot: 2026-11-05
View research ↗
7 of 11 companies have both plotted values.

P/S distribution

Trailing price-to-sales multiples · 7 companies

Median P/S1.6×
Middle 50%1.3× to 4.3×
ENB P/S1.6×
ENB
0.3×6.0×

Tap a bar to see the companies in that P/S range. ENB has a higher P/S than 43% of this group.

4 companies excluded from P/S statistics because sales are non-positive or the saved multiple is missing. Statistics include all valid positive values, including those outside the focused chart range.

Companies

Showing 8 of 11 matching companies · Largest market cap first

  • Market cap 108.72BP/E 22.7×P/S 1.6×Forward P/E Forward P/S Price snapshot: 2026-11-05
    ↗
  • Market cap 86.14BP/E P/S Forward P/E Forward P/S Catalog snapshot
    ↗
  • Market cap 78.86BP/E 12.7×P/S 1.3×Forward P/E Forward P/S Price snapshot: 2026-11-05
    ↗
  • Market cap 75.09BP/E 20.8×P/S 4.1×Forward P/E Forward P/S Price snapshot: 2026-11-04
    ↗
  • Market cap 69.79BP/E P/S Forward P/E Forward P/S Catalog snapshot
    ↗
  • Market cap 65.19BP/E 26.3×P/S 5.7×Forward P/E Forward P/S Price snapshot: 2026-11-05
    ↗
  • Market cap 57.33BP/E 13.2×P/S 4.5×Forward P/E Forward P/S Price snapshot: 2026-11-05
    ↗
  • Market cap 54.38BP/E 13.4×P/S 1.3×Forward P/E Forward P/S Price snapshot: 2026-11-05
    ↗

Explore industries

Open an industry for its comparison, valuation and companies.

U.S.-listed companies from the app’s catalog. Medians use saved positive P/E values; coverage and snapshot dates vary.

How this comparison works

Uses the saved companies from the same industry and listing market, including ENB, ordered by cached market cap. Company snapshots can have different dates; the web cache may cover fewer metrics and periods than the app.

Periods end at each company’s dated price snapshot. Change compares the latest saved observation with one at or before the selected period’s start. A daily price change uses consecutive saved sessions. Financial data updates quarterly, so short periods may show no change. Missing history and zero starting values are excluded; a negative starting value uses its absolute value as the denominator.

Metrics use saved ratios and percentages. Market caps use the listing market’s reporting currency; underlying financial statements may use different currencies. Circle sizes have a minimum for touch visibility, and an outlined circle indicates a missing market cap. These comparisons describe data, not recommendations or price predictions.

Related research

Company research, movers, earnings and options results.

INDUSTRY COMPARISON

ENB industry peers

Oil & Gas Midstream · Oct 16, 2026 · Closing-price performance

No industry peers are available in the current heatmap coverage.