← Research LibraryThe BriefFY2025 10-K · headline figures audited against SEC data
Enbridge grew revenue 21.9% to C$65.19B and net income 37.7%, while a 33.7% rise in capital spending cut free cash flow 44.0% to C$3.30B
The read at a glance✓ Audited against SEC data
- Growth — Revenue grew 21.9% to C$65.19BOK
- Profitability — Net income grew 37.7% to C$7.49BOK
- Cash flow — Free cash flow declined 44.0% to C$3.30B as capital spending rose 33.7%Watch
- Margins — Operating margin contracted 123 bps to 16.81%Watch
- Accounting — Balance-sheet screen in the distress range; earnings quality screen safeWatch
- Capital returns — Dividends of C$8.22B; no share buybacksNote
Business
Enbridge is a North American energy infrastructure company: crude oil and liquids pipelines and terminals, natural gas transmission and storage, natural gas utilities serving homes and businesses in Canada and the US, and wind, solar and geothermal power. Its assets are underpinned by long-term contracts, regulated cost-of-service tolling and power purchase agreements.
Where the revenue comes from
Fiscal 2025, as ENBRIDGE INC reports it. History and quarterly detail are in the app.
- Liquids PipelinesCAD 45.9B
- Gas Distributionand StorageCAD 10.7B
- Gas TransmissionCAD 6.7B
- Renewable Power GenerationCAD 561.0M
Leadership changes
From ENBRIDGE INC's own filings, the day they're filed.
- Gas Transmission · Chief Executive Officer · departureeff. 2026-01-01
- Cynthia L. Hansen · Chief Executive Officer · departureeff. 2026-01-01
- Douglas L. Foshee · director · appointmenteff. 2025-01-01
Latest filings
- 8-K · Company announcement2026-09-14
- 8-K · Company announcement2026-09-09
- 8-K · Company announcement2026-09-09
- 8-K · Company announcement2026-09-08
- 8-K · Company announcement2026-07-31
In the full recordFree for 14 days
- What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- Company history🔒
- The filings, readable — with what changed vs the prior year highlighted🔒
- Full financial statements, industry-aware, sources cited throughout🔒
- Forensic score history & components — the trend, not one year🔒
- Ownership: insider buys/sells, clusters, activist stakes🔒
- Ana — ask about ENBRIDGE INC, every answer cited to the official filings🔒
Every figure comes from the company's filings, and analysis whose figures don't match SEC data is rejected before publication.
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