The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Thursday, August 13, 2026

Subject of the day

ENB.TO

Concerning the House

Enbridge Inc., together with its subsidiaries, operates as an energy infrastructure company. The company operates through four segments: Liquids Pipelines, Gas Transmission, Gas Distribution and Storage, and Renewable Power Generation. The Liquids Pipelines segment operates pipelines and related terminals to transport, store, and export various grades of crude oil and other liquid hydrocarbons in Canada and the United States. This segment also provides physical commodity marketing and logistical services, and crude oil marketing services. The Gas Transmission segment invests in natural gas pipelines and gathering and processing facilities in Canada and the United States. The Gas Distribution and Storage segment is involved in natural gas utility operations serving residential, commercial, and industrial customers in Ontario, as well as natural gas distribution activities in Quebec. The Renewable Power Generation segment operates wind, solar, geothermal, waste heat recovery, and transmission assets in North America. The company was formerly known as IPL Energy Inc. and changed its name to Enbridge Inc. in October 1998. Enbridge Inc. was founded in 1949 and is headquartered in Calgary, Canada.

Canada · www.enbridge.com

The Ledger
LineMar 2025Jun 2025Sep 2025Dec 2025
Revenue$18.50B$14.88B$14.64B$17.18B
Gross profit$6.14B$4.93B$4.75B$5.67B
Operating income$3.67B$2.62B$2.27B$2.97B
Net income$2.36B$2.28B$788.00M$2.06B
Diluted EPS1.031.000.30
Free cash flow$1.27B$1.27B$456.00M$105.00M
CapEx-$1.78B-$1.96B-$2.41B-$3.01B
Quotation

$71.47

-0.27 (-0.4%)

52w hi$80.21
52w lo$61.10
Vol12.44M
As ofAug 13
The Verdict

Hold

Our score +0.13

Short-0.21
Medium+0.30
Long+0.47

computed 2026-08-13

By the Numbers

Enbridge Inc.

Energy · Oil & Gas Midstream

Market cap$156.10B
Enterprise value$277.10B
Trailing P/E27.59x
Forward P/E22.21x
EV / EBITDA15.94x
P / S (ttm)1.87x
Profit margin7.3%
Return on equity9.2%
Revenue growth+97.1%
Earnings growth-36.0%
Debt / equity162.97
Risk Metrics
Beta vs SPX0.08
Corr SPX0.08
Annual vol16.8%
Annual ret+17.1%
Sharpe1.02
Max DD-10.9%

Window: 504 trading days (493 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.29
Sector+0.13
Technical+0.05
Earnings+0.00
Sentiment-0.21

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$71.60$71.95$71.41$71.4712.44M
Aug 12$71.76$72.22$71.50$71.7416.79M
Aug 11$72.03$72.49$71.61$71.8530.51M
Aug 10$72.48$72.48$71.00$71.7116.34M
Aug 7$72.00$72.36$71.31$71.5513.15M