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Enbridge, Inc (ENB)

NYSE: ENB · Pipe Lines (No Natural Gas) · Calgary, AB · filing with the SEC since 1998
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Grade6.0
◀ Past 5.8● Present 5.4▶ Future 7.0
1 est.
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The grade of Enbridge, Inc

Nine metrics read from its own filings, by tense
Headline grade
6.0/10
◀ Past5.830% of the headline
● Present5.440% of the headline
▶ Future7.030% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

5.8/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
5.8/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 33% of this tense · 58th percentile among 6 sector filers · read for itself

From the record

Enbridge, Inc's filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
6.5/10

What has it actually done, year after year?

+7.3% a year over 10 filed years; profitable in 10 of 10.

weight 45% of this tense · 65th percentile among 6 sector filers · read for its customers

From the record

Enbridge, Inc's 10 filed years say what it did: revenue went from CAD 35 billion in fiscal 2016 to CAD 65 billion in fiscal 2025, up 7.3% a year; it rose in 7 of 9 years; the deepest fall was 22% from fiscal 2019 to fiscal 2020; net income was positive in 10 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span7.3%top 42% of its family
  • the share of years revenue rosetop 17% of its family
  • the share of filed years with a profittop 25% of its family
  • the deepest fall from a revenue peak21.9%bottom 42% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
4.4/10

How has it treated the people who own it?

Share count grew 2.5% a year. 60% of cash flow returned. Insiders: 0 sales, 0 purchases.

weight 22% of this tense · 44th percentile among 4 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Enbridge, Inc's diluted share count grew about 2.5% a year, and dividends and buybacks returned about 60% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 13% of its family
  • cash returned against operating cash flowtop 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

5.4/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
3.9/10

Is it financially healthy right now?

ROE 11%: 11¢ of profit per shareholder dollar. Leverage 70%: owes 70¢ per asset dollar.

weight 33% of this tense · 39th percentile among 3 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Enbridge, Inc earned about 11 cents of profit for every dollar of shareholders' money. Leverage: it owed about 70 cents per dollar of assets, and net share issuance: its share count grew 1.3% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 50% of its family
  • return on equitytop 50% of its family
  • the share count against the year beforebottom 17% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
6.7/10

How strong is its position in its industry?

top 33% of 6 in its family; net margin 11.5%.

weight 45% of this tense · 67th percentile among 6 sector filers · read for its customers

From the record

Enbridge, Inc's standing among 6 graded names in its industry family: revenue of CAD 65 billion in fiscal 2025 is not ranked by size, since the family reports in another currency; a net margin of 11.5% ranks in the bottom 42%; revenue growth of 6.9% a year over the last 3 filed years ranks in the top 8% (its annual reports).

What it rests on

  • net margin11.5%bottom 42% of its family
  • three-year revenue growth6.9%top 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
5.0/10

What are the people in charge doing?

SI estimate 5.0/10, confidence 15 of 100 (universe median).

weight 22% of this tense · 50th percentile among 3816 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
No officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, and its family carries too few readings to lean on, so the desk assumes the typical reading over all 3816 companies with one.
What the record cannot read
No officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read.
How it was reasoned
universe median, 3816 readings behind it.
Confidence
15 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Enbridge, Inc's leadership is put at 5.0 of 10 with a confidence of 15 of 100, because no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, and its family carries too few readings to lean on, so the desk assumes the typical reading over all 3816 companies with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

7.0/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
5.8/10

How much room does it have to grow?

top 42% of 6 in its family for room to expand.

weight 22% of this tense · 58th percentile among 6 sector filers · read for itself

From the record

Enbridge, Inc's room to grow, from the newest filed statements (fiscal 2025): cash of CAD 1.1 billion against debt of CAD 99 billion leaves -44.8% of its assets as net cash, top 42% of its family; cash from operations less capital spending is 5.1% of revenue (top 42%) (its annual report).

What it rests on

  • cash less debt against assets-44.8%top 42% of its family
  • cash from operations less capital spending against revenue5.1%top 42% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
7.5/10

What could actually drive growth from here?

top 25% of 6 in its family for growth drivers.

weight 45% of this tense · 75th percentile among 6 sector filers · read for its customers

From the record

Enbridge, Inc's growth drivers, from the filed years to fiscal 2025: revenue grew 6.9% a year over the last three filed years against 7.3% over all 10, slowing (top 25% of its family); the newest year grew 21.9% (top 8%); capital spending grew 24.5% a year (top 42%) (its annual reports). Enbridge, Inc reported 3 product lines in fiscal 2025: Commodity Sales Revenue at CAD 35 billion (54%), Transportation and Other Services Revenues at CAD 20 billion (31%), Gas Distribution Revenue at CAD 9.8 billion (15%); 3 of 3 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-0.4 points a yeartop 25% of its family
  • the newest year's revenue growth21.9%top 8% of its family
  • three-year growth of capital spending24.5%top 42% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
7.0/10

Did its newest year beat what its own record pointed to?

top 30% of 5 in its family for expectations against reality.

weight 33% of this tense · 70th percentile among 5 sector filers · read for its shareholders

From the record

Enbridge, Inc's newest year against its own record: revenue of CAD 65 billion in fiscal 2025 came in 21.7% above the CAD 54 billion its prior three years' pace pointed to (top 30% of its family); net income of CAD 7.5 billion against a prior three-year average of CAD 4.9 billion (top 10%); a net margin of 11.5% against 10% before (top 50%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace21.7%top 30% of its family
  • net income against the prior three years' average+54%top 10% of its family
  • net margin against its prior average+1.5 pointstop 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton ENB · research, not advice