Enbridge Inc. (ENB) Revenue by Segment

Enbridge revenue by segment at a glance

In Q2 fiscal 2026 (the quarter ended June 30, 2026), Enbridge's largest business segment was Liquids Pipelines, with 25.22 billion CAD or 86% of revenue, up 132.7% from a year earlier. Next: Gas Distribution and Storage (7%), Gas Transmission (6%) and Renewable Power Generation (1%).

By product or service, Commodity Sales Revenue brought in 77%, Transportation and Other Services Revenues brought in 17% and Gas Distribution Revenue brought in 6% of revenue in Q2 fiscal 2026.

The fastest-growing business segment from a year earlier was Liquids Pipelines (+132.7%).

From company filings, in CAD; latest quarter ended June 30, 2026; quarterly data from Q3 fiscal 2017.

Enbridge Inc.

ENBEnergy

Canada

Energy

Revenue breakdown

Fiscal quarters, from company filings

Segments by quarter (CAD)

Click a bar to see that period below. Striped bars are calculated fourth quarters; an empty slot means it could not be calculated on the same basis i

Liquids PipelinesEnergy Services ConsolidateGas Distribution and StorageEnergy ServicesGas Transmission and MidstreamGas TransmissionGas distributionEliminationsOther

Q2 FY26 breakdown

Fiscal quarter ended Jun 30, 2026

Item	Revenue	Share	vs year before
Liquids Pipelines	CAD 25.22B	86.4%	+132.7%
Gas Distribution and Storage	CAD 2.08B	7.1%	+3.2%
Gas Transmission	CAD 1.72B	5.9%	+7.2%
Renewable Power Generation	CAD 164.00M	0.6%	+13.1%
Eliminationsi	CAD 132.00M		-51.8%

Sum of items CAD 29.19B; corporate items and eliminations CAD 132.00M. Shares are of the items shown. Click an item with › to see its parts.

Also reported by:

All periods

Every item and period in one grid. Purple = calculated; "–" = not available.

Item	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24	Q1 FY24	Q4 FY23	Q3 FY23	Q2 FY23	Q1 FY23	Q4 FY22	Q3 FY22	Q2 FY22	Q1 FY22	Q4 FY21	Q3 FY21	Q2 FY21	Q1 FY21	Q4 FY20	Q3 FY20	Q2 FY20	Q1 FY20	Q4 FY19	Q3 FY19	Q2 FY19	Q1 FY19	Q4 FY18	Q3 FY18	Q2 FY18	Q1 FY18	Q4 FY17	Q3 FY17
Liquids Pipelines	25.2B	15.5B	11.7B	11.2B	10.8B	12.2B	11.4B	11.8B	8.2B	6.9B	3.1B	7.4B	7.5B	7.3B	3.1B	2.9B	2.6B	3.1B	2.7B	2.4B	2.5B	2.7B	2.4B	2.8B	2.9B	1.5B	2.4B	2.3B	2.6B	2.7B	2.1B	2.2B	2.1B	2.1B	–	2.3B
Energy Services Consolidate	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	6.4B	8.1B	8.3B	–	7.3B	6.3B	–	–	–	–	–	–	7.4B	–	6.7B	7.1B	6.6B	5.8B	6.6B	–	4.3B
Gas Distribution and Storage	2.1B	4.4B	3.2B	1.5B	2.0B	4.0B	2.7B	1.3B	1.4B	2.1B	1.5B	751.0M	1.1B	2.6B	2.3B	909.0M	1.1B	2.4B	1.5B	687.0M	953.0M	1.8B	1.3B	621.0M	903.0M	1.7B	1.4B	635.0M	977.0M	–	–	–	–	–	–	–
Energy Services	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	6.4B	–	4.6B	2.9B	7.4B	–	–	8.4B	–	–	–	–	–	–	–
Gas Transmission and Midstream	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.4B	1.4B	1.3B	1.3B	1.2B	1.2B	1.1B	1.2B	1.1B	1.2B	1.2B	1.4B	1.3B	1.3B	1.3B	1.3B	1.2B	1.5B	1.9B	1.9B	–	1.9B
Gas Transmission	1.7B	1.8B	1.7B	1.6B	1.6B	1.7B	1.6B	1.5B	1.5B	1.6B	1.5B	1.4B	1.4B	1.5B	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Gas distribution	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2.2B	1.5B	645.0M	1.1B	2.2B	–	716.0M
Eliminations	132.0M	532.0M	366.0M	216.0M	274.0M	527.0M	310.0M	207.0M	196.0M	322.0M	–	275.0M	275.0M	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	- 68.0M
Renewable Power Generation	164.0M	174.0M	166.0M	130.0M	145.0M	120.0M	144.0M	133.0M	106.0M	131.0M	39.0M	40.0M	150.0M	144.0M	70.0M	120.0M	155.0M	156.0M	52.0M	122.0M	132.0M	–	48.0M	126.0M	150.0M	153.0M	41.0M	128.0M	137.0M	152.0M	–	–	–	–	–	–
Eliminations and reconciling items	–	–	–	–	–	–	–	–	–	–	–	–	–	517.0M	–	- 140.0M	- 155.0M	- 162.0M	–	- 162.0M	- 157.0M	–	–	- 168.0M	- 194.0M	- 111.0M	–	- 100.0M	- 126.0M	- 136.0M	–	–	–	- 146.0M	–	–
Renewable Power Generation and Transmission	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	43.0M	53.0M	57.0M	–	–
Green Power and Transmission	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	109.0M

Enbridge revenue by business segment, last 4 quarters

Business segment	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Liquids Pipelines	25.2B CAD	15.5B CAD	11.2B CAD	10.8B CAD	86%
Gas Distribution and Storage	2.1B CAD	4.4B CAD	1.5B CAD	2.0B CAD	7%
Gas Transmission	1.7B CAD	1.8B CAD	1.6B CAD	1.6B CAD	6%
Renewable Power Generation	164.0M CAD	174.0M CAD	130.0M CAD	145.0M CAD	1%

In CAD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

Enbridge revenue by product or service, last 4 quarters

Product or service	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Commodity Sales Revenue	22.6B CAD	13.2B CAD	8.4B CAD	8.1B CAD	77%
Transportation and Other Services Revenues	4.9B CAD	5.0B CAD	4.9B CAD	5.0B CAD	17%
Gas Distribution Revenue	1.8B CAD	4.1B CAD	1.3B CAD	1.8B CAD	6%

In CAD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

Questions and answers

What are Enbridge's business segments?

Liquids Pipelines, Gas Distribution and Storage, Gas Transmission and Renewable Power Generation (as reported for Q2 fiscal 2026).

Which business segment makes the most money for Enbridge?

Liquids Pipelines: 25.22 billion CAD, or 86% of revenue, in Q2 fiscal 2026.

What are Enbridge's main products and services?

By revenue in Q2 fiscal 2026: Commodity Sales Revenue (77%), Transportation and Other Services Revenues (17%) and Gas Distribution Revenue (6%).

MoreEnbridge stock overview Enbridge financials Enbridge executive team Enbridge shareholders

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.