Enbridge annual free cash flow
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2025
Enbridge Free Cash Flow (FCF) History (ENB)
Enbridge reported $3.30B in free cash flow for fiscal 2025, a decrease of 44.01% from the previous fiscal year, with a free cash flow margin of 11.24%.
View full Enbridge company overviewEnbridge free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $3.30B | −$2.59B | −44.01% | +11.24% |
| 2024 | 2024-12-31 | $5.89B | −$3.66B | −38.32% | +22.75% |
| 2023 | 2023-12-31 | $9.55B | $2.96B | +45.03% | +39.62% |
| 2022 | 2022-12-31 | $6.58B | $5.14B | +357.79% | +27.53% |
| 2021 | 2021-12-31 | $1.44B | −$2.94B | −67.14% | +7.40% |
| 2020 | 2020-12-31 | $4.38B | $470.0M | +12.03% | +23.26% |
| 2019 | 2019-12-31 | $3.91B | $210.0M | +5.68% | +19.83% |
| 2018 | 2018-12-31 | $3.70B | $5.33B | — | +17.77% |
| 2017 | 2017-12-31 | −$1.63B | −$1.71B | — | −3.67% |
| 2016 | 2016-12-31 | $77.0M | $2.78B | — | +0.22% |
| 2015 | 2015-12-31 | −$2.70B | $5.28B | — | −8.00% |
| 2014 | 2014-12-31 | −$7.98B | −$3.08B | — | −21.19% |
| 2013 | 2013-12-31 | −$4.89B | −$2.57B | — | −14.87% |
| 2012 | 2012-12-31 | −$2.32B | −$2.16B | — | −9.41% |
| 2011 | 2011-12-31 | −$156.0M | $1.02B | — | −0.58% |
| 2010 | 2010-12-31 | −$1.18B | — | — | −5.46% |
Enbridge quarterly free cash flow
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Q2.13
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Q1.17
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Q3.25
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $1.14B | −$202.0M | −15.10% | +17.23% |
| Q1 2026 | 2026-03-31 | −$97.0M | −$1.43B | — | −1.08% |
| Q4 2025 | 2025-12-31 | $82.0M | −$1.03B | −92.65% | +1.04% |
| Q3 2025 | 2025-09-30 | $547.0M | −$794.0M | −59.21% | +8.90% |
| Q2 2025 | 2025-06-30 | $1.34B | −$128.0M | −8.73% | +20.55% |
| Q1 2025 | 2025-03-31 | $1.33B | −$636.0M | −32.35% | +15.15% |
| Q4 2024 | 2024-12-31 | $1.12B | −$1.33B | −54.30% | +14.98% |
| Q3 2024 | 2024-09-30 | $1.34B | −$552.0M | −29.16% | +23.39% |
| Q2 2024 | 2024-06-30 | $1.47B | −$1.01B | −40.77% | +24.73% |
| Q1 2024 | 2024-03-31 | $1.97B | −$771.0M | −28.17% | +29.01% |
| Q4 2023 | 2023-12-31 | $2.44B | $272.0M | +12.53% | +39.90% |
| Q3 2023 | 2023-09-30 | $1.89B | $951.0M | +100.96% | +36.61% |
| Q2 2023 | 2023-06-30 | $2.48B | $895.0M | +56.65% | +44.26% |
| Q1 2023 | 2023-03-31 | $2.74B | $846.0M | +44.74% | +37.95% |
| Q4 2022 | 2022-12-31 | $2.17B | $2.21B | — | +31.42% |
| Q3 2022 | 2022-09-30 | $942.0M | $791.0M | +523.84% | +17.61% |
| Q2 2022 | 2022-06-30 | $1.58B | $757.0M | +91.98% | +30.54% |
| Q1 2022 | 2022-03-31 | $1.89B | $1.39B | +274.46% | +29.15% |
| Q4 2021 | 2021-12-31 | −$41.0M | −$680.0M | — | −0.75% |
| Q3 2021 | 2021-09-30 | $151.0M | −$713.0M | −82.52% | +3.56% |
| Q2 2021 | 2021-06-30 | $823.0M | −$388.0M | −32.04% | +19.17% |
| Q1 2021 | 2021-03-31 | $505.0M | −$1.16B | −69.61% | +9.37% |
| Q4 2020 | 2020-12-31 | $639.0M | $210.0M | +48.95% | +13.05% |
| Q3 2020 | 2020-09-30 | $864.0M | −$728.0M | −45.73% | +21.19% |
| Q2 2020 | 2020-06-30 | $1.21B | −$110.0M | −8.33% | +28.10% |
| Q1 2020 | 2020-03-31 | $1.66B | $1.10B | +194.68% | +30.02% |
| Q4 2019 | 2019-12-31 | $429.0M | $148.0M | +52.67% | +8.39% |
| Q3 2019 | 2019-09-30 | $1.59B | $1.47B | +1226.67% | +37.24% |
| Q2 2019 | 2019-06-30 | $1.32B | −$415.0M | −23.91% | +29.02% |
| Q1 2019 | 2019-03-31 | $564.0M | −$995.0M | −63.82% | +9.80% |
| Q4 2018 | 2018-12-31 | $281.0M | $1.11B | — | +5.66% |
| Q3 2018 | 2018-09-30 | $120.0M | $807.0M | — | +2.71% |
| Q2 2018 | 2018-06-30 | $1.74B | $1.98B | — | +33.96% |
| Q1 2018 | 2018-03-31 | $1.56B | $1.43B | +1063.43% | +24.76% |
| Q4 2017 | 2017-12-31 | −$829.0M | −$885.0M | — | −6.43% |
| Q3 2017 | 2017-09-30 | −$687.0M | −$75.0M | — | −7.45% |
| Q2 2017 | 2017-06-30 | −$247.0M | $1.58B | — | −2.22% |
| Q1 2017 | 2017-03-31 | $134.0M | $796.0M | — | +1.20% |
| Q2 2016 | 2016-06-30 | $56.0M | $255.0M | — | +0.71% |
| Q2 2015 | 2015-06-30 | −$612.0M | — | — | −7.09% |
| Q2 2014 | 2014-06-30 | −$1.82B | — | — | −18.18% |
| Q2 2013 | 2013-06-30 | −$662.0M | — | — | −8.56% |
| Q2 2012 | 2012-06-30 | −$199.0M | — | — | −3.48% |
Enbridge free cash flow growth trends
Over the last five reported fiscal years, free cash flow declined from $4.38B to $3.30B, a compound annual decline of 5.51%. Enbridge's latest reported quarter, Q2 2026, generated $1.14B in free cash flow, a decrease of 15.10% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Enbridge filings at SEC.gov ↗