Filing Flows › Enbridge (ENB) › Q3 2026 › vs Q2 2026
Enbridge (ENB) Q3 2026 vs Q2 2026 (quarter over quarter)
Enbridge's revenue fell $8.2B (-28%) from $29.3B in Q2 2026 to $21.1B in Q3 2026. Operating margin 10.1% against 9.9% (+0.2 pts).
Enbridge, Q3 2026: revenue $21.1B (+44% year over year), operating margin 10.1%, net earnings $1.4B, operating cash flow $2.7B. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 10.1% | 9.9% | +0.2 pts |
| Net margin | 6.6% | 5.1% | +1.5 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $21.1B | $29.3B | −$8.2B | -28% |
| Operating profit | $2.1B | $2.9B | −$772M | -27% |
| Costs & expenses | $18.9B | $26.4B | −$7.5B | -28% |
| Pre-tax earnings | $1.9B | $2.0B | −$133M | -7% |
| Other expense, net | $259M | $898M | −$639M | -71% |
| General & admin | $2.5B | $2.4B | $104M | +4% |
| Other operating costs | $16.5B | $24.0B | −$7.6B | -31% |
| Net earnings | $1.4B | $1.5B | −$106M | -7% |
| Minority interests | $46.0M | $69.0M | −$23.0M | -33% |
| Income tax | $438M | $442M | −$4.0M | -0.9% |
| Depreciation & amortization | $1.5B | $1.4B | $61.0M | +4% |
| Working capital & other | $182M | −$1.2B | $1.4B | — |
| Operating cash flow | $2.7B | $4.1B | −$1.4B | -34% |
| Capital expenditures | $3.4B | $3.0B | $467M | +16% |
| Negative free cash flow (OCF − capex) | $739M | −$1.1B | $1.9B | — |
Questions
How much did Enbridge's revenue grow quarter over quarter in Q3 2026?
Enbridge's revenue fell $8.2B (-28%) from $29.3B in Q2 2026 to $21.1B in Q3 2026. Operating margin 10.1% against 9.9% (+0.2 pts).