Enbridge Inc.ENB
NYSE • Energy
$54.98
P/E
16.92
PEG
4.98
FCF Yield
—
Rev Growth YoY
+69.0% YoY
Gross Margin
27.6%
Health Score
6/10
D/E Ratio
1.71
Confidence
LOW
Business Snapshot
Enbridge is a North American energy infrastructure company operating primarily in oil and gas midstream, transporting crude oil, natural gas, and liquids through an extensive pipeline network. It also has regulated gas distribution and renewable power assets, generating steady fee-based revenue from long-haul transportation. As a dominant player in the midstream sector, Enbridge benefits from its pipeline monopoly positions and high barriers to entry tied to permitting and right-of-way access. With TTM revenue of $77.97B, the company is a large-scale operator with significant scale and a diversified portfolio of regulated and unregulated assets. The defining characteristic is its toll-like regulated earnings model, which provides visibility and stability relative to other energy segments.
Financial Health
Gross margin fell to 27.6% from 33.0% a year ago, indicating compressed profitability despite rising revenue, while net margin sits at 10.0%. The balance sheet is stretched: Debt/equity of 1.71x is elevated for a midstream operator, and the current ratio of 0.46x signals potential near-term liquidity tightness...
Risk Assessment
- VALUATION — P/E of 16.92x trades at a 21% premium to the sector average of 14x, reducing the margin of safety.
- DEBT / LIQUIDITY — Debt/equity of 1.71x and a current ratio of 0.46x indicate high leverage and a thin liquidity buffer.
- REVENUE SUSTAINABILITY — The 82.1% sequential revenue surge is unusual and may distort the growth picture; sustained momentum cannot be confirmed from available data.
- TECHNICALS — RSI, MACD, and moving average data unavailable for this period; momentum cannot be independently confirmed.
- EARNINGS QUALITY — Despite 3 of 4 quarters beating estimates, net income growth of just 3.4% lags far behind the 69% revenue increase, suggesting compressed margins that may persist....