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ENBRIDGE INC (ENB) Annual Reports

Q: Where can I read ENBRIDGE INC (ENB) annual reports?

Every year on this page links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser. 3 filings are currently indexed.

Q: What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer; a 20-F is filed by foreign private issuers (Taiwanese companies with US ADRs, such as TSMC, file 20-F). A 40-F applies to Canadian issuers under the MJDS.

ENBRIDGE INC is listed on NYSE, classified by the SEC under Pipe Lines (No Natural Gas) (SIC 4610). This page indexes 3 annual reports, each linking to the full text on the SEC's EDGAR system.

Company profile

Exchange： NYSE
Fiscal year end： 12/31
SEC CIK： 895728 →

Website：Official site ↗

Financial Highlights

FY2026 Q2 (quarterly, ended 2026-06-30)
	Current	Prior year	YoY
Revenue	66億 CAD	65億 CAD	+1.1%
Operating income	29億 CAD	23億 CAD	+27.1%
Net income	15億 CAD	23億 CAD	-34.1%
EPS (diluted)	0.64 CAD	1.00 CAD	-36.0%

Amounts in CAD.

Company guidance
	Period	Range
Adjusted EBITDA	—	$20.2B – $20.8B

Figures are the company’s own outlook as stated in its earnings release, not analyst estimates.

Source: SEC EDGAR (XBRL company facts); guidance from Form 8-K Exhibit 99.1

Financial history

Revenue & profit

Quarterly · In bn (HKD)

Revenue 6.59 bn Net income 1.50 bn

Show table：Income statement

Item	2010Q4	2011Q2	2011Q3	2011Q4	2012Q2	2012Q3	2012Q4	2013Q2	2013Q4	2014Q2	2014Q4	2015Q2	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Revenue	21.5	—	—	27.1	5.72	—	13.0	7.85	17.1	10.0	17.1	8.63	17.2	8.80	7.94	8.49	9.34	11.2	11.1	9.23	12.9	6.39	5.21	4.50	11.6	5.76	4.55	4.28	12.3	5.54	4.31	4.08	10.0	5.44	4.29	4.25	12.5	6.49	5.17	5.35	13.4	7.21	5.59	5.17	11.3	6.78	5.93	5.73	16.2	8.81	6.52	6.15	17.2	8.97	6.59
Operating income	1.33	—	—	2.63	0.26	—	0.78	0.48	0.44	1.06	1.31	0.67	1.12	1.67	0.79	-0.22	0.33	1.36	1.68	1.49	-2.96	0.88	1.57	0.85	1.51	2.62	2.29	1.59	1.77	1.51	2.10	2.10	2.25	2.55	1.82	1.39	2.05	2.42	1.52	1.78	-0.54	2.66	2.35	1.79	1.85	2.71	2.27	2.22	2.45	3.67	2.29	2.27	2.73	3.23	2.91
Net income	0.95	0.3	-0.01	0.18	0.03	0.22	0.19	0.09	0.26	0.82	0.14	0.65	-0.08	1.29	0.37	-0.03	0.44	0.72	1.00	0.85	0.29	0.53	1.16	0	1.18	1.99	1.83	1.05	0.84	-1.33	1.74	1.08	1.87	1.99	1.48	0.78	1.93	2.03	0.6	1.36	-0.98	1.82	1.94	0.62	1.82	1.51	1.94	1.39	0.6	2.36	2.28	0.79	2.06	1.78	1.50

Balance sheet

Quarterly · In bn (HKD)

Total assets 232 bn Total liabilities 163 bn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2010Q4	2011Q2	2011Q3	2011Q4	2012Q2	2012Q3	2012Q4	2013Q2	2013Q4	2014Q2	2014Q4	2015Q2	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Current assets	—	—	—	5.65	—	—	6.60	6.43	6.95	7.33	8.20	7.79	7.60	—	6.81	—	8.41	—	9.15	—	9.22	7.91	7.98	7.83	8.57	8.38	8.39	8.06	8.82	8.15	6.96	6.42	7.35	7.63	8.16	8.56	8.96	10.3	10.4	10.8	12.2	9.92	8.97	11.1	14.4	10.0	12.5	11.9	13.2	13.6	11.1	12.1	13.2	18.9	17.7
Total assets	—	—	—	41.5	—	—	47.2	51.1	57.6	63.0	72.9	77.7	84.7	—	83.6	—	85.8	—	169	—	162	163	165	163	167	167	165	167	163	170	165	162	160	161	161	165	169	169	173	182	180	177	174	178	180	191	201	206	219	220	212	217	218	228	232
Current liabilities	—	—	—	6.17	—	—	7.07	7.67	10.7	9.99	9.50	9.52	10.8	—	13.6	—	13.0	—	12.9	—	14.6	12.8	14.3	13.2	14.9	13.1	13.4	13.6	16.0	14.0	11.4	11.6	14.0	12.9	13.6	15.4	18.2	15.2	18.0	17.9	20.3	16.8	14.0	16.7	17.4	14.7	16.3	19.1	23.8	18.6	14.8	15.0	21.0	23.3	24.6
Total liabilities	—	—	—	30.2	—	—	32.4	33.5	39.0	43.0	51.8	56.2	62.3	—	59.5	—	60.5	—	96.4	—	92.3	92.2	92.8	91.0	93.5	92.6	92.0	94.0	93.9	98.0	94.8	94.0	95.9	94.7	95.8	99.9	106	105	108	114	116	112	110	110	116	123	131	137	150	149	143	148	153	160	163
Equity	9.18	—	—	7.47	12.2	—	10.5	12.8	13.5	14.9	16.8	17.8	18.9	—	20.2	—	21.4	69.5	58.7	65.0	58.1	61.4	62.1	60.8	69.5	70.3	69.3	69.3	66.0	68.8	66.6	65.2	61.4	63.1	62.0	62.1	60.8	61.7	62.0	64.8	59.9	61.5	60.6	65.1	61.5	64.3	67.2	65.8	65.9	68.3	65.5	65.2	62.3	65.0	65.3

Cash flow

Quarterly · In bn (HKD)

Operating 4.11 bn Investing -3.07 bn Financing -0.82 bn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2010Q4	2011Q2	2011Q3	2011Q4	2012Q2	2012Q3	2012Q4	2013Q2	2013Q4	2014Q2	2014Q4	2015Q2	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Operating	1.88	—	—	3.37	0.98	—	1.24	0.94	1.61	0.81	1.40	1.35	1.71	—	1.37	—	1.98	1.78	2.03	1.61	1.27	3.19	3.34	1.46	2.50	2.18	2.49	2.74	1.99	2.81	2.42	2.30	2.25	2.56	2.23	2.16	2.30	2.94	2.53	2.14	3.61	3.87	3.44	3.08	3.81	3.15	2.81	2.97	3.66	3.05	3.24	2.87	3.11	2.34	4.11
Investing	-3.90	—	—	-5.08	-1.47	—	-3.80	-1.95	-5.84	-2.89	-6.26	-2.02	-4.04	—	-2.08	—	-1.26	-3.45	-2.37	-2.14	-2.97	-2.07	-1.07	0.07	0.06	-2.15	-1.31	-1.57	0.37	-1.27	-1.00	-1.38	-1.53	-1.96	-1.38	-2.16	-5.16	-1.32	-0.8	-1.04	-2.11	-1.44	-0.9	-1.17	-2.54	-7.79	-3.44	-4.68	-4.45	-1.79	-2.86	-2.54	-3.32	-2.82	-3.07
Financing	1.96	—	—	2.03	0.06	—	3.67	0.73	3.92	2.49	4.82	0.69	2.06	—	0.23	—	0.12	1.31	0.53	-0.04	1.40	-1.01	-2.39	-1.41	-2.69	0.1	-1.16	-1.07	-2.62	-1.39	-1.74	-0.72	-0.92	-0.56	-0.9	0.04	2.66	-1.48	-1.12	-1.18	-1.64	-2.29	-2.48	-0.38	2.28	-0.12	2.91	0.16	0.6	-0.95	-1.22	-0.13	-0.11	1.11	-0.82
Cash at period end	0.38	—	—	0.72	0.67	—	1.78	1.08	0.76	—	1.26	1.21	1.01	1.74	1.26	—	2.12	1.86	2.03	0.85	0.48	0.61	0.46	0.64	0.52	0.7	0.71	0.82	0.65	0.8	0.46	0.66	0.45	0.47	0.37	0.45	0.29	0.41	1.05	1.02	0.86	0.98	1.03	2.61	5.90	1.21	3.59	1.88	1.80	2.09	1.20	1.41	1.09	1.64	2.01

Profitability

Quarterly · %

Operating margin 44.1% Net margin 22.8%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2010Q4	2011Q2	2011Q3	2011Q4	2012Q2	2012Q3	2012Q4	2013Q2	2013Q4	2014Q2	2014Q4	2015Q2	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
Operating margin	6.2%	—	—	9.7%	4.5%	—	6.0%	6.1%	2.6%	10.6%	7.7%	7.8%	6.5%	19.0%	10.0%	-2.5%	3.5%	12.2%	15.2%	16.1%	-23.0%	13.7%	30.2%	19.0%	13.1%	45.5%	50.2%	37.1%	14.3%	27.3%	48.7%	51.4%	22.5%	46.8%	42.3%	32.7%	16.5%	37.3%	29.4%	33.3%	-4.0%	36.9%	42.0%	34.7%	16.3%	40.0%	38.4%	38.7%	15.1%	41.7%	35.1%	36.9%	15.9%	36.0%	44.1%
Net margin	4.4%	—	—	0.7%	0.5%	—	1.5%	1.1%	1.5%	8.1%	0.8%	7.5%	-0.5%	14.6%	4.7%	-0.3%	4.7%	6.5%	9.0%	9.2%	2.3%	8.3%	22.3%	0.1%	10.2%	34.5%	40.3%	24.4%	6.8%	-24.1%	40.4%	26.6%	18.7%	36.6%	34.6%	18.4%	15.5%	31.3%	11.5%	25.5%	-7.3%	25.2%	34.6%	12.0%	16.1%	22.3%	32.8%	24.3%	3.7%	26.8%	34.9%	12.8%	12.0%	19.8%	22.8%

Returns & leverage

Quarterly · %

ROE 9.4% ROA 2.8% Debt ratio 70.3%

ROE / ROA = trailing four-quarter net income ÷ average equity / total assets (annual mode: the year’s net income ÷ average of opening and closing). Not computed when the denominator is zero or negative.

Show table：Returns & leverage

Item	2010Q4	2011Q2	2011Q3	2011Q4	2012Q2	2012Q3	2012Q4	2013Q2	2013Q4	2014Q2	2014Q4	2015Q2	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
ROE	—	—	—	19.0%	4.7%	—	5.9%	5.2%	5.8%	9.0%	9.5%	12.2%	9.4%	—	12.0%	—	10.3%	2.2%	5.4%	4.6%	7.2%	4.1%	4.7%	3.2%	4.5%	6.6%	7.6%	9.3%	8.4%	3.4%	3.4%	3.5%	5.3%	10.1%	10.0%	9.6%	10.1%	10.0%	8.6%	9.3%	5.0%	4.5%	6.7%	5.2%	10.2%	9.4%	9.2%	10.2%	8.5%	9.5%	10.0%	9.2%	11.7%	10.4%	9.4%
ROA	—	—	—	3.4%	—	—	1.3%	1.1%	1.3%	2.1%	2.2%	2.9%	2.1%	—	2.8%	—	2.4%	—	1.7%	—	2.3%	1.6%	1.7%	1.2%	1.8%	2.6%	3.0%	3.7%	3.5%	1.4%	1.4%	1.4%	2.1%	4.0%	4.0%	3.8%	3.8%	3.8%	3.2%	3.4%	1.7%	1.6%	2.4%	1.9%	3.4%	3.2%	3.1%	3.5%	2.7%	3.1%	3.2%	2.9%	3.4%	3.1%	2.8%
Debt ratio	—	—	—	72.9%	—	—	68.7%	65.7%	67.8%	68.3%	71.1%	72.3%	73.6%	—	71.1%	—	70.5%	—	57.0%	—	56.9%	56.4%	56.1%	55.8%	56.0%	55.6%	55.8%	56.4%	57.5%	57.5%	57.5%	57.9%	59.8%	58.9%	59.6%	60.7%	62.5%	62.1%	62.7%	62.9%	64.7%	63.3%	63.2%	61.6%	64.2%	64.7%	65.1%	66.6%	68.5%	67.6%	67.7%	68.3%	69.8%	70.0%	70.3%

EPS

Quarterly ·

EPS 0.64

Show table：EPS

Item	2010Q4	2011Q2	2011Q3	2011Q4	2012Q2	2012Q3	2012Q4	2013Q2	2013Q4	2014Q2	2014Q4	2015Q2	2015Q4	2016Q1	2016Q2	2016Q3	2016Q4	2017Q1	2017Q2	2017Q3	2017Q4	2018Q1	2018Q2	2018Q3	2018Q4	2019Q1	2019Q2	2019Q3	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	2025Q3	2025Q4	2026Q1	2026Q2
EPS（）	1.26	0.39	-0.01	0.23	0.01	0.24	0.19	0.05	0.19	0.91	-0.01	0.67	-0.27	—	0.33	—	0.26	0.54	0.56	0.47	0.09	0.26	0.63	-0.05	0.60	0.94	0.86	0.47	0.36	-0.71	0.82	0.49	0.88	0.94	0.69	0.34	0.91	0.95	0.22	0.63	-0.53	0.85	0.91	0.26	0.81	0.67	0.86	0.59	0.23	1.03	1.00	0.30	0.89	0.76	0.64

Revenue & profit

Year-to-date · In bn (HKD)

Revenue 15.6 bn Net income 3.28 bn

Year-to-date = summed from the first quarter of the fiscal year; balance-sheet items are period-end balances.

Balance sheet

Year-to-date · In bn (HKD)

Total assets 232 bn Total liabilities 163 bn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Cash flow

Year-to-date · In bn (HKD)

Operating 6.45 bn Investing -5.89 bn Financing 0.29 bn

Positive = cash in, negative = cash out.

Profitability

Year-to-date · %

Operating margin 39.4% Net margin 21.1%

Gross, operating and net margin = the respective profit ÷ revenue.

Returns & leverage

Year-to-date · %

ROE 9.4% ROA 2.8% Debt ratio 70.3%

EPS

Year-to-date ·

EPS 1.40

Revenue & profit

Annual · In bn (HKD)

Revenue 38.7 bn Net income 7.49 bn

Annual = sum of four quarters of a complete fiscal year (incomplete years are omitted); balance-sheet items are year-end balances.

Show table：Income statement

Item	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	34.6	44.4	27.7	26.9	23.9	26.4	30.4	29.3	34.7	38.7
Operating income	2.58	1.57	4.82	8.26	7.96	7.81	5.18	8.65	9.65	11.0
Net income	2.07	2.86	2.88	5.71	3.36	6.19	3.00	6.19	5.44	7.49

Balance sheet

Annual · In bn (HKD)

Total assets 218 bn Total liabilities 153 bn

Equity = assets − liabilities. Balance-sheet figures are period-end balances, not cumulative.

Show table：Balance sheet

Item	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Current assets	8.41	9.22	8.57	8.82	7.35	8.96	12.2	14.4	13.2	13.2
Total assets	85.8	162	167	163	160	169	180	180	219	218
Current liabilities	13.0	14.6	14.9	16.0	14.0	18.2	20.3	17.4	23.8	21.0
Total liabilities	60.5	92.3	93.5	93.9	95.9	106	116	116	150	153
Equity	21.4	58.1	69.5	66.0	61.4	60.8	59.9	61.5	65.9	62.3

Cash flow

Annual · In bn (HKD)

Operating 12.3 bn Investing -10.5 bn Financing -2.40 bn

Positive = cash in, negative = cash out.

Show table：Cash flow statement

Item	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Operating	—	6.68	10.5	9.40	9.78	9.26	11.2	14.2	12.6	12.3
Investing	—	-10.9	-3.02	-4.66	-5.18	-10.7	-5.27	-6.04	-20.4	-10.5
Financing	—	3.20	-7.50	-4.74	-4.77	1.24	-5.43	-2.86	3.54	-2.40
Cash at period end	2.12	0.48	0.52	0.65	0.45	0.29	0.86	5.90	1.80	1.09

Profitability

Annual · %

Operating margin 28.4% Net margin 19.4%

Gross, operating and net margin = the respective profit ÷ revenue.

Show table：Profitability

Item	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Operating margin	7.5%	3.5%	17.4%	30.7%	33.3%	29.5%	17.0%	29.6%	27.8%	28.4%
Net margin	6.0%	6.4%	10.4%	21.2%	14.1%	23.4%	9.9%	21.1%	15.7%	19.4%

Returns & leverage

Annual · %

ROE 11.7% ROA 3.4% Debt ratio 69.8%

Show table：Returns & leverage

Item	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
ROE	9.7%	7.2%	4.5%	8.4%	5.3%	10.1%	5.0%	10.2%	8.5%	11.7%
ROA	2.4%	2.3%	1.8%	3.5%	2.1%	3.8%	1.7%	3.4%	2.7%	3.4%
Debt ratio	70.5%	56.9%	56.0%	57.5%	59.8%	62.5%	64.7%	64.2%	68.5%	69.8%

EPS

Annual ·

EPS 3.22

Show table：EPS

Item	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
EPS（）	—	1.66	1.44	2.63	1.48	2.88	1.27	2.83	2.35	3.22

Source: SEC EDGAR (XBRL company facts)

Annual reports by year

	10-K
2025	Open full text →
2024	Open full text →
2023	Open full text →

10-K: annual report of a US domestic issuer. Filings are the original documents hosted on SEC EDGAR — this site neither mirrors nor edits them.

FAQ

Where can I read ENBRIDGE INC (ENB) annual reports?

Every year in the table above links straight to the full text on SEC EDGAR. US annual reports are web pages (HTML) rather than PDFs, so you can read and search them in the browser without downloading anything. 3 filings are currently indexed.

What is the difference between a 10-K and a 20-F?

A 10-K is the annual report of a US domestic issuer, with sections fixed by law: Item 1 Business, Item 1A Risk Factors, Item 7 Management's Discussion and Analysis. A 20-F is filed by foreign private issuers — Taiwanese companies with US ADRs, such as TSMC, file 20-F rather than 10-K. A 40-F applies to Canadian issuers under the MJDS.

Are earnings call materials available here?

No. Earnings calls are not SEC filings, so US pages on this site cover annual reports only. Taiwan has a mandatory investor-conference disclosure regime, and those materials are indexed under Annual Reports.

Source: US Securities and Exchange Commission (SEC) EDGAR. This site indexes public filings and links to them; it hosts no copies, offers no investment advice, and makes no warranty as to timeliness or completeness.
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