Filing Flows › Enbridge (ENB) › How it makes money
How Enbridge (ENB) makes money
Enbridge (ENB) made $21.1B of revenue in the third quarter 2026 (Q3 2026), +44% from a year earlier. Commodity Sales Revenue brought in $14.9B (70%); Transportation and Other Services Revenues brought in $4.9B (23%); Gas Distribution Sales brought in $1.3B (6%). Of every dollar of revenue, 10¢ was left as operating profit, 7¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Commodity Sales Revenue | $14.9B | 70.4% | — | +77% |
| Transportation and Other Services Revenues | $4.9B | 23.2% | — | -1% |
| Gas Distribution Sales | $1.3B | 6.4% | — | +4% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $21.1B | 100.0% |
| Operating profit | $2.1B | 10.1% |
| Income tax | $438M | 2.1% |
| Net earnings | $1.4B | 6.6% |
| Operating cash flow | $2.7B | 12.8% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $21.1B | +44% |
| Q2 2026 | $29.3B | +97% |
| Q1 2026 | $22.4B | +21% |
| Q4 2025 | $17.2B | +6% |
| Q3 2025 | $14.6B | -2% |
| Q2 2025 | $14.9B | +31% |
| Q1 2025 | $18.5B | +68% |
From Enbridge's 10-Q filed Nov 6, 2026 (on EDGAR).
Questions
How does Enbridge make money?
Enbridge (ENB) made $21.1B of revenue in the third quarter 2026 (Q3 2026), +44% from a year earlier. Commodity Sales Revenue brought in $14.9B (70%); Transportation and Other Services Revenues brought in $4.9B (23%); Gas Distribution Sales brought in $1.3B (6%). Of every dollar of revenue, 10¢ was left as operating profit, 7¢ was left as net earnings.
What is Enbridge's biggest business?
Commodity Sales Revenue: $14.9B in the third quarter 2026, 70% of revenue, +77% from a year earlier.
What is Enbridge's profit margin?
Net earnings were $1.4B, 6.6% of revenue, in the third quarter 2026; the operating margin was 10.1%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.