# ENBRIDGE INC. (ENB) FY2025 Annual P&L / Income Statement

- Company: ENBRIDGE INC. (ENB)
- Period: 2025-01-01 to 2025-12-31
- Filing: FY2025 10-K, filed 2026-02-13, accession number 0001193125-26-049810
- Page: https://plicit.ai/financials/enb/fy2025-annual-income-statement
- Chart image: https://plicit.ai/charts/enb-fy2025-annual-income-statement-sankey.png

## Chart details: Revenue by Product and Service

Income statement for 2025-01-01 through 2025-12-31. View: Product and service. Revenue and costs use their disclosed categories.

- **Total operating revenues (Note 4)**: 65,194,000,000 US dollars
- **Cost of revenue (calculated)**: 38,036,000,000 US dollars
- **Gross profit (calculated)**: 27,158,000,000 US dollars
- **Operating expenses (calculated)**: 16,200,000,000 US dollars
- **Operating income**: 10,958,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 1,165,000,000 US dollars
- **Earnings before income taxes**: 9,793,000,000 US dollars
- **Income tax expense (Note 24)**: 2,004,000,000 US dollars
- **Earnings**: 7,789,000,000 US dollars
- **Commodity sales / costs revenue**: 35,181,000,000 US dollars
- **Gas distribution sales / costs revenue**: 9,769,000,000 US dollars
- **Transportation and other services**: 20,244,000,000 US dollars
- **Commodity sales / costs cost of revenue**: 34,358,000,000 US dollars
- **Gas distribution sales / costs cost of revenue**: 3,678,000,000 US dollars
- **Operating and administrative**: 9,969,000,000 US dollars
- **Depreciation and amortization**: 5,661,000,000 US dollars
- **Impairment of long-lived assets**: 570,000,000 US dollars

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.

## Chart details: Revenue by Geography

- Page: https://plicit.ai/financials/enb/fy2025-annual-income-statement/revenue-by-geography
- Chart image: https://plicit.ai/charts/enb-fy2025-annual-revenue-by-geography-sankey.png

Income statement for 2025-01-01 through 2025-12-31. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total operating revenues (Note 4)**: 65,194,000,000 US dollars
- **Cost of revenue (calculated)**: 38,036,000,000 US dollars
- **Gross profit (calculated)**: 27,158,000,000 US dollars
- **Operating expenses (calculated)**: 16,200,000,000 US dollars
- **Operating income**: 10,958,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 1,165,000,000 US dollars
- **Earnings before income taxes**: 9,793,000,000 US dollars
- **Income tax expense (Note 24)**: 2,004,000,000 US dollars
- **Earnings**: 7,789,000,000 US dollars
- **CANADA**: 23,077,000,000 US dollars
- **UNITED STATES**: 42,117,000,000 US dollars
- **Commodity costs and Gas distribution costs**: 38,036,000,000 US dollars
- **Operating and administrative**: 9,969,000,000 US dollars
- **Depreciation and amortization**: 5,661,000,000 US dollars
- **Impairment of long-lived assets**: 570,000,000 US dollars

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.

## Chart details: Revenue by Business Segment

- Page: https://plicit.ai/financials/enb/fy2025-annual-income-statement/revenue-by-business-segment
- Chart image: https://plicit.ai/charts/enb-fy2025-annual-revenue-by-business-segment-sankey.png

Income statement for 2025-01-01 through 2025-12-31. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total operating revenues (Note 4)**: 65,194,000,000 US dollars
- **Cost of revenue (calculated)**: 38,036,000,000 US dollars
- **Gross profit (calculated)**: 27,158,000,000 US dollars
- **Operating expenses (calculated)**: 16,200,000,000 US dollars
- **Operating income**: 10,958,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 1,165,000,000 US dollars
- **Earnings before income taxes**: 9,793,000,000 US dollars
- **Income tax expense (Note 24)**: 2,004,000,000 US dollars
- **Earnings**: 7,789,000,000 US dollars
- **Liquids Pipelines**: 45,944,000,000 US dollars
- **Gas Transmission**: 6,652,000,000 US dollars
- **Gas Distribution and Storage**: 10,654,000,000 US dollars
- **Renewable Power Generation**: 561,000,000 US dollars
- **Commodity costs and Gas distribution costs**: 38,036,000,000 US dollars
- **Operating and administrative**: 9,969,000,000 US dollars
- **Depreciation and amortization**: 5,661,000,000 US dollars
- **Impairment of long-lived assets**: 570,000,000 US dollars
- **Revenue before reconciliation (calculated)**: 63,811,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
- **Eliminations and Other**: 1,383,000,000 US dollars. Reported reconciliation to consolidated revenue.

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
- Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.