Enbridge Historical Income Statement

ENB Stock

CAD 59.25 0.20 0.34%

Historical analysis of Enbridge income statement accounts such as Total Revenue of 56.1 B or Gross Profit of 20.2 B can show how well Enbridge performed in making a profits. Evaluating Enbridge income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Enbridge's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Enbridge latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Enbridge is a good buy for the upcoming year.

Net Income Gross Profit

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enbridge. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in Enbridge Stock, please use our How to Invest in Enbridge guide.

About Enbridge Income Statement Analysis

Enbridge Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Enbridge shareholders. The income statement also shows Enbridge investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Enbridge Income Statement Chart

At this time, Enbridge's EBIT is very stable compared to the past year. As of the 25th of February 2025, EBITDA is likely to grow to about 19.7 B, while Selling General Administrative is likely to drop about 147.5 M.

Total Revenue Gross Profit Other Operating Expenses Operating Income

Total Revenue

Total revenue comprises all receipts Enbridge generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Enbridge minus its cost of goods sold. It is profit before Enbridge operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Enbridge. It is also known as Enbridge overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Operating Income

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. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Most accounts from Enbridge's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Enbridge current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enbridge. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in Enbridge Stock, please use our How to Invest in Enbridge guide.At this time, Enbridge's EBIT is very stable compared to the past year. As of the 25th of February 2025, EBITDA is likely to grow to about 19.7 B, while Selling General Administrative is likely to drop about 147.5 M.

	2022	2023	2024	2025 (projected)
Gross Profit	16.4B	17.7B	19.3B	20.2B
Total Revenue	53.3B	43.6B	53.5B	56.1B

Gross Profit Total Revenue

Enbridge income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling General Administrative	Discontinued Operations	Net Income From Continuing Ops	Minority Interest	Non Recurring	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation	Selling And Marketing Expenses
Depreciation And Amortization		0.99	0.89	0.99	0.78	0.92	0.9	0.94	0.72	0.73	0.84	0.16	0.88	0.54	0.08	0.66	0.81	-0.6	0.92	0.69	-0.28	-0.94	0.84	-0.58
Interest Expense	0.99		0.88	0.98	0.76	0.88	0.89	0.93	0.71	0.75	0.8	0.12	0.86	0.48	0.05	0.65	0.79	-0.53	0.93	0.64	-0.26	-0.95	0.82	-0.6
Total Revenue	0.89	0.88		0.9	0.98	0.79	0.72	0.78	0.96	0.57	0.71	0.01	0.76	0.4	0.34	0.72	0.71	-0.44	0.81	0.55	-0.35	-0.74	0.6	-0.42
Gross Profit	0.99	0.98	0.9		0.8	0.92	0.89	0.93	0.74	0.67	0.86	0.1	0.9	0.53	0.16	0.68	0.85	-0.56	0.95	0.7	-0.33	-0.92	0.79	-0.52
Other Operating Expenses	0.78	0.76	0.98	0.8		0.67	0.58	0.64	0.99	0.42	0.59	-0.09	0.64	0.29	0.45	0.72	0.61	-0.34	0.69	0.45	-0.33	-0.59	0.46	-0.28
Operating Income	0.92	0.88	0.79	0.92	0.67		0.9	0.92	0.61	0.64	0.92	0.33	0.87	0.78	0.09	0.55	0.8	-0.78	0.84	0.88	-0.24	-0.88	0.85	-0.51
Ebit	0.9	0.89	0.72	0.89	0.58	0.9		0.99	0.54	0.8	0.94	0.48	0.92	0.73	-0.24	0.46	0.83	-0.71	0.79	0.79	-0.29	-0.93	0.86	-0.69
Ebitda	0.94	0.93	0.78	0.93	0.64	0.92	0.99		0.6	0.8	0.93	0.4	0.93	0.69	-0.16	0.52	0.84	-0.69	0.84	0.78	-0.29	-0.95	0.88	-0.67
Cost Of Revenue	0.72	0.71	0.96	0.74	0.99	0.61	0.54	0.6		0.44	0.53	-0.05	0.58	0.27	0.42	0.67	0.54	-0.31	0.62	0.39	-0.33	-0.53	0.41	-0.32
Total Operating Expenses	0.73	0.75	0.57	0.67	0.42	0.64	0.8	0.8	0.44		0.59	0.55	0.57	0.52	-0.42	0.22	0.43	-0.5	0.57	0.42	-0.12	-0.83	0.75	-0.94
Income Before Tax	0.84	0.8	0.71	0.86	0.59	0.92	0.94	0.93	0.53	0.59		0.41	0.96	0.78	-0.03	0.49	0.91	-0.75	0.79	0.88	-0.4	-0.82	0.77	-0.47
Total Other Income Expense Net	0.16	0.12	0.01	0.1	-0.09	0.33	0.48	0.4	-0.05	0.55	0.41		0.24	0.72	-0.63	-0.3	0.11	-0.64	-0.05	0.51	0.08	-0.31	0.49	-0.57
Net Income	0.88	0.86	0.76	0.9	0.64	0.87	0.92	0.93	0.58	0.57	0.96	0.24		0.59	0.05	0.57	0.97	-0.58	0.87	0.78	-0.5	-0.83	0.73	-0.44
Income Tax Expense	0.54	0.48	0.4	0.53	0.29	0.78	0.73	0.69	0.27	0.52	0.78	0.72	0.59		-0.25	0.17	0.49	-0.94	0.37	0.87	-0.01	-0.58	0.7	-0.46
Selling General Administrative	0.08	0.05	0.34	0.16	0.45	0.09	-0.24	-0.16	0.42	-0.42	-0.03	-0.63	0.05	-0.25		0.44	0.16	0.18	0.26	-0.02	-0.39	0.18	-0.29	0.49
Discontinued Operations	0.66	0.65	0.72	0.68	0.72	0.55	0.46	0.52	0.67	0.22	0.49	-0.3	0.57	0.17	0.44		0.64	-0.28	0.62	0.39	-0.31	-0.45	0.4	-0.02
Net Income From Continuing Ops	0.81	0.79	0.71	0.85	0.61	0.8	0.83	0.84	0.54	0.43	0.91	0.11	0.97	0.49	0.16	0.64		-0.49	0.86	0.75	-0.49	-0.75	0.67	-0.25
Minority Interest	-0.6	-0.53	-0.44	-0.56	-0.34	-0.78	-0.71	-0.69	-0.31	-0.5	-0.75	-0.64	-0.58	-0.94	0.18	-0.28	-0.49		-0.4	-0.85	-0.01	0.59	-0.75	0.42
Non Recurring	0.92	0.93	0.81	0.95	0.69	0.84	0.79	0.84	0.62	0.57	0.79	-0.05	0.87	0.37	0.26	0.62	0.86	-0.4		0.61	-0.4	-0.88	0.69	-0.43
Tax Provision	0.69	0.64	0.55	0.7	0.45	0.88	0.79	0.78	0.39	0.42	0.88	0.51	0.78	0.87	-0.02	0.39	0.75	-0.85	0.61		-0.11	-0.68	0.8	-0.26
Interest Income	-0.28	-0.26	-0.35	-0.33	-0.33	-0.24	-0.29	-0.29	-0.33	-0.12	-0.4	0.08	-0.5	-0.01	-0.39	-0.31	-0.49	-0.01	-0.4	-0.11		0.14	0.1	0.17
Net Interest Income	-0.94	-0.95	-0.74	-0.92	-0.59	-0.88	-0.93	-0.95	-0.53	-0.83	-0.82	-0.31	-0.83	-0.58	0.18	-0.45	-0.75	0.59	-0.88	-0.68	0.14		-0.89	0.71
Reconciled Depreciation	0.84	0.82	0.6	0.79	0.46	0.85	0.86	0.88	0.41	0.75	0.77	0.49	0.73	0.7	-0.29	0.4	0.67	-0.75	0.69	0.8	0.1	-0.89		-0.56
Selling And Marketing Expenses	-0.58	-0.6	-0.42	-0.52	-0.28	-0.51	-0.69	-0.67	-0.32	-0.94	-0.47	-0.57	-0.44	-0.46	0.49	-0.02	-0.25	0.42	-0.43	-0.26	0.17	0.71	-0.56

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Enbridge Account Relationship Matchups

Enbridge income statement Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Depreciation And Amortization	3.7B	3.9B	4.3B	4.6B	5.3B	5.6B
Interest Expense	2.8B	2.7B	3.2B	3.8B	4.4B	4.6B
Total Revenue	39.1B	47.1B	53.3B	43.6B	53.5B	56.1B
Gross Profit	14.7B	14.5B	16.4B	17.7B	19.3B	20.2B
Other Operating Expenses	31.1B	39.3B	45.1B	34.6B	39.8B	41.8B
Operating Income	8.0B	7.8B	9.7B	8.7B	9.8B	10.3B
Ebit	5.6B	8.4B	5.5B	11.7B	13.5B	14.1B
Ebitda	9.3B	12.3B	9.9B	16.3B	18.8B	19.7B
Cost Of Revenue	24.4B	32.6B	36.9B	26.0B	34.2B	35.9B
Total Operating Expenses	6.7B	6.7B	8.2B	8.6B	43.6B	45.8B
Income Before Tax	4.2B	7.7B	4.5B	7.9B	7.3B	7.7B
Total Other Income Expense Net	(3.8B)	(76M)	(636M)	(772M)	1.9B	2.0B
Net Income	3.4B	6.2B	3.0B	6.2B	5.4B	5.7B
Income Tax Expense	774M	1.4B	1.6B	1.8B	2.1B	2.2B
Selling General Administrative	6.7B	6.7B	8.2B	135M	155.3M	147.5M
Net Income From Continuing Ops	3.4B	6.3B	2.9B	6.1B	5.6B	3.8B
Net Income Applicable To Common Shares	5.3B	3.0B	5.8B	2.6B	3.0B	2.8B
Minority Interest	3.0B	(125M)	65M	133M	(190M)	(180.5M)
Tax Provision	774M	1.4B	1.6B	1.8B	1.7B	977.8M
Interest Income	683M	1.5B	608M	2.2B	2.0B	1.1B
Net Interest Income	(2.8B)	(2.7B)	(3.2B)	(3.8B)	(4.4B)	(4.6B)
Reconciled Depreciation	3.7B	3.9B	4.3B	4.6B	5.2B	4.3B

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

0.68	ENB-PFC	Enbridge Pref 11	Pair Corr
0.66	ENB-PFU	Enbridge Pref L	Pair Corr
0.94	ENS	E Split Corp	Pair Corr
0.64	ENS-PA	E Split Corp	Pair Corr

Moving against Enbridge Stock

0.63	ATS	ATS P	Pair Corr
0.57	DAY	Dayforce	Pair Corr
0.49	BBUC	Brookfield Business Corp	Pair Corr
0.41	RBA	Ritchie Bros Auctioneers	Pair Corr

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.

Pair Correlation Correlation Matching

When determining whether Enbridge offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Enbridge's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Enbridge Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Enbridge Stock:

How To Invest In Enbridge

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Is Enbridge Stock a good investment?

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What is Enbridge's Net Worth?

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To learn how to invest in Enbridge Stock, please use our How to Invest in Enbridge guide.

You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

Please note, there is a significant difference between Enbridge's value and its price as these two are different measures arrived at by different means. Investors typically determine if Enbridge is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enbridge's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Enbridge Historical Income Statement

About Enbridge Income Statement Analysis

Enbridge Income Statement Chart

Total Revenue

Gross Profit

Other Operating Expenses

Operating Income

Enbridge income statement Correlations

Enbridge Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Enbridge income statement Accounts

Pair Trading with Enbridge

Moving together with Enbridge Stock

Moving against Enbridge Stock

COMMON DESTINATIONS

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Interest Expense	+ 0.99	Depreciation And Amortization
Gross Profit	+ 0.99	Depreciation And Amortization
Cost Of Revenue	+ 0.99	Other Operating Expenses
Ebitda	+ 0.99	Ebit
Gross Profit	+ 0.98	Interest Expense
Other Operating Expenses	+ 0.98	Total Revenue

Net Interest Income	- 0.95	Ebitda
Net Interest Income	- 0.95	Interest Expense
Minority Interest	- 0.94	Income Tax Expense
Selling And Marketing Expenses	- 0.94	Total Operating Expenses
Net Interest Income	- 0.94	Depreciation And Amortization
Net Interest Income	- 0.93	Ebit