Enbridge Operating Income from 2010 to 2026
| ENB Stock | CAD 63.54 0.70 1.11% |
Operating Income | First Reported 1988-03-31 | Previous Quarter 2.6 B | Current Value 2.3 B | Quarterly Volatility 849.4 M |
Check Enbridge financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Enbridge's main balance sheet or income statement drivers, such as Depreciation And Amortization of 6.2 B, Interest Expense of 5.4 B or Total Revenue of 64.7 B, as well as many indicators such as Price To Sales Ratio of 2.76, Dividend Yield of 0.0294 or PTB Ratio of 3.48. Enbridge financial statements analysis is a perfect complement when working with Enbridge Valuation or Volatility modules.
Enbridge | Operating Income |
Latest Enbridge's Operating Income Growth Pattern
Below is the plot of the Operating Income of Enbridge over the last few years. Operating Income is the amount of profit realized from Enbridge operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Enbridge is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. It is earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations. Enbridge's Operating Income historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Enbridge's overall financial position and show how it may be relating to other accounts over time.
| Operating Income | 10 Years Trend |
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Operating Income |
| Timeline |
Enbridge Operating Income Regression Statistics
| Arithmetic Mean | 6,095,875,389 | |
| Geometric Mean | 4,665,105,530 | |
| Coefficient Of Variation | 58.16 | |
| Mean Deviation | 3,044,375,764 | |
| Median | 7,428,000,000 | |
| Standard Deviation | 3,545,096,614 | |
| Sample Variance | 12567710T | |
| Range | 11.8B | |
| R-Value | 0.98 | |
| Mean Square Error | 587718.4T | |
| R-Squared | 0.96 | |
| Slope | 686,472,199 | |
| Total Sum of Squares | 201083360T |
Enbridge Operating Income History
About Enbridge Financial Statements
Enbridge investors utilize fundamental indicators, such as Operating Income, to predict how Enbridge Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Operating Income | 11.5 B | 12.1 B |
Pair Trading with Enbridge
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Enbridge position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Enbridge will appreciate offsetting losses from the drop in the long position's value.Moving together with Enbridge Stock
Moving against Enbridge Stock
| 0.65 | QNC | Quantum eMotion Corp | PairCorr |
| 0.63 | IE | Ivanhoe Energy | PairCorr |
| 0.59 | NXR-UN | Nexus Real Estate | PairCorr |
| 0.52 | ADEN | ADENTRA | PairCorr |
| 0.46 | VM | Voyageur Pharmaceuticals | PairCorr |
The ability to find closely correlated positions to Enbridge could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enbridge when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Enbridge - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Enbridge to buy it.
The correlation of Enbridge is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Enbridge moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enbridge moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Enbridge can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Enbridge Correlation against competitors. To learn how to invest in Enbridge Stock, please use our How to Invest in Enbridge guide.You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.