Enbridge reports before markets open on November 6. Analysts expect year-over-year EPS growth, but lower revenue.
Enbridge Inc. (TSX: ENB) will report results for the quarter ended September 30, 2026, before markets open on November 6. Earnings-trends consensus puts EPS at C$0.53, based on nine analysts. Revenue consensus is C$13.36 billion, based on one analyst. The estimates point to a key question: can earnings grow while revenue falls year over year? Enbridge has beaten EPS estimates in three of its last four reported quarters, but missed in September 2025. Follow the company on our Enbridge stock page.
Recent earnings trend
Enbridge Inc
ENB.TO
ENB.TO
Enbridge Inc
WealthAwesomeMarket cap
$151.61B
P/E
26.3x
Div. yield
5.58%
Div. / share
$3.83
52W high
$79.56
52W low
$59.99
1W change
+0.19%
Beta
0.79
Analyst Price Targets
Based on analyst covering ENB · as of Oct 29, 2026
Wall Street analysts forecast ENB stock price to rise 15.0% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$78.25
+15.0% Upside
Previously C$78.43 on Oct 23, 2026
Current Price
C$68.02
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on ENB's historical volatility
30-Day Vol
15.3%
Annualized
90-Day Vol
17.9%
Annualized
Trend (90d)
-16.4%
Annualized drift
90d Mean
C$64.14
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$66.70 | C$63.27 – C$70.32 |
| 60 trading days | C$65.41 | C$60.70 – C$70.48 |
| 90 trading days | C$64.14 | C$58.53 – C$70.28 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 9 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 3 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-06 | — | 0.4900 | — |
| 2026-06-30 | 2026-07-31 | 0.6300 | 0.6000 | +5.0% |
| 2026-03-31 | 2026-05-08 | 0.9800 | 0.9400 | +4.3% |
| 2025-12-31 | 2026-02-13 | 0.8800 | 0.7800 | +12.8% |
| 2025-09-30 | 2025-11-07 | 0.4600 | 0.5100 | -9.8% |
| 2025-06-30 | 2025-08-01 | 0.6500 | 0.5700 | +14.0% |
Investor takeaway: The outlook is cautiously positive, but recent EPS surprises don’t guarantee another one. Consensus EPS is 15.3% above the year-ago C$0.46, and the estimate has risen slightly from C$0.52 over the past 30 days. Revenue consensus, however, points to an 8.7% year-over-year decline and comes from just one analyst. For Canadian income investors, Enbridge’s recently declared C$0.97 quarterly common-share dividend is useful context. Still, judge the results by the company’s operating performance and outlook, not the dividend alone.
C$0.53 per share
That’s the consensus EPS estimate for the September quarter, based on nine analysts. It compares with C$0.46 a year earlier, an estimated increase of 15.3%. A separate earnings calendar lists C$0.49, so estimates vary by provider. Earnings-trends consensus is C$0.53.
Bull case
Enbridge beat EPS estimates in three of its last four comparable quarters, including June 2026, when it reported C$0.63 against expectations of C$0.60. Current consensus also points to year-over-year EPS growth, and the estimate has edged up over the past month. A result near or above C$0.53, along with reassuring comments on its energy infrastructure businesses, would support the view that earnings remain resilient.
Bear case
Enbridge’s recent record isn’t perfect. In September 2025, it reported C$0.46 per share, below the C$0.51 estimate. Revenue consensus points to an 8.7% year-over-year decline, but it comes from just one analyst, so it offers a limited view of expectations. The shares also closed below their 200-day moving average, and the statistical 90-day forecast is below the latest close. A weaker EPS result or cautious outlook could hurt sentiment, dividend or not.
Analysis
Enbridge will report third-quarter results before markets open on November 6. For the quarter ended September 30, earnings-trends data puts EPS consensus at C$0.53, with estimates ranging from C$0.31 to C$0.65 among nine analysts. That’s 15.3% above the year-ago C$0.46. Revenue consensus is C$13.36 billion, based on one analyst, and implies an 8.7% year-over-year decline. With so little analyst coverage for revenue, pay close attention to the reported figures and management’s explanation of business performance and outlook. A separate calendar lists EPS consensus at C$0.49, so estimates vary by provider. For more company data, visit the ENB.TO stock page.
Analysis
Enbridge beat EPS estimates in three of its last four reported quarters. For the quarter ended June 30, 2026, it reported C$0.63 against C$0.60 expected. For the quarter ended March 31, it reported C$0.98 against C$0.94, and for the quarter ended December 31, it reported C$0.88 against C$0.78. The exception was September 2025, when it reported C$0.46 against C$0.51 expected. Over the past 30 days, the current estimate has risen slightly, from C$0.52 to C$0.53, with one upward and one downward revision. The automatically inserted recent-earnings trend table shows the quarter-by-quarter details.
Analysis
On November 4, Enbridge’s board declared a quarterly common-share dividend of C$0.97, payable December 1 to shareholders of record on November 13. That matches the September payout. The dividend matters to income investors, but it doesn’t determine whether Enbridge meets earnings expectations. At the latest supplied close of C$68.02, the shares were above their 50-day moving average of C$67.75 and below their 200-day average of C$72.57. The average analyst price target is C$78.25, or 15.0% above that close. See the analyst target details. Wealth Awesome’s statistical 90-day model gives a mean forecast of C$64.14, with a 68% range of C$58.53 to C$70.28. This is a statistical model, not financial advice. View the price forecast.
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