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ENB vs EPD
ENB vs EPD Stock Comparison: Earnings Recap as Midstream Cash Flows Power Dividend Hikes and 2026 Growth Plans
Key Takeaways
- Enbridge (ENB) reported Q4 2025 adjusted EPS of $0.88, beating estimates of $0.79, with adjusted EBITDA of $5.213 billion.
- Enterprise Products Partners (EPD) posted Q4 2025 EPS of $0.75, surpassing expectations of $0.69, and revenue of $13.79 billion versus $12.44 billion estimated.
- Both companies reaffirmed growth outlooks: ENB's 2026 adjusted EBITDA at C$20.2-20.8 billion; EPD plans $1.9-2.3 billion organic growth capex.
- ENB raised its dividend 3% to C$0.97 quarterly (31st consecutive increase); EPD increased distributions 2.8% to $0.55 per unit (27th year).
- ENB shares rose ~4% post-earnings; EPD gained ~5%, reflecting market approval of beats and guidance.
- Full-year 2025: ENB GAAP EPS $3.23; EPD $2.66, both underscoring midstream resilience amid energy transitions.
Earnings Context and Why This Comparison Matters
Enbridge's Q4 2025 earnings, released February 13, 2026, capped a record year and reaffirmed multi-year growth amid stable North American energy demand. As a leading pipeline operator, ENB's results highlight its diversified assets in liquids, gas, and renewables, with a $39 billion backlog signaling execution strength. Comparing to Enterprise Products Partners (EPD), which reported earlier on February 3, underscores midstream peers' fee-based stability versus commodity volatility. Both yield over 5% with decades of dividend hikes, appealing to income investors eyeing 2026 growth from Permian output, LNG exports, and data center demand. This matchup aids decisions on yield, valuation, and risk in energy infrastructure.
ENB Earnings Focus
Enbridge reported Q4 2025 GAAP net income attributable to common shareholders of C$1,952 million ($0.89 per share), with adjusted EPS at $0.88, topping consensus of C$0.79. Adjusted EBITDA reached $5.213 billion, driven by higher volumes and asset utilization. Full-year GAAP earnings hit $7.072 billion ($3.23 per share), up from $5.1 billion in 2024. The company reaffirmed 2026 guidance: adjusted EBITDA C$20.2-20.8 billion (7-9% CAGR through 2026) and DCF per share $5.70-6.10. A 3% dividend hike to C$0.97 quarterly (C$3.88 annualized) marks the 31st straight increase. Shares rose nearly 4% post-release, buoyed by the beat and $39 billion backlog growth.
EPD Context and Earnings Relevance
Enterprise Products Partners released Q4 2025 results on February 3, ahead of ENB. Net income attributable to common unitholders was $1.644 billion ($0.75 per unit), beating estimates of $0.69; revenue totaled $13.793 billion, exceeding $12.44 billion forecasts. Adjusted EBITDA hit a record $2.707 billion for the quarter, with full-year net income at $5.810 billion ($2.66 per unit). Operational DCF covered distributions 1.8x in Q4 (1.7x yearly). EPD declared a $0.55 per unit distribution, up 2.8% (27th consecutive raise). 2026 outlook includes $1.9-2.3 billion net growth capex. Shares surged ~5% on the beat, reflecting Permian strength and export ramps.
Head-to-Head Earnings and Market Comparison
ENB and EPD both beat Q4 estimates, with ENB's adjusted EBITDA ($5.213B CAD/~$3.8B USD) outpacing EPD's $2.707B USD, reflecting ENB's larger scale (revenue ~C$64B FY vs. EPD's $52.6B). Growth drivers diverge: ENB's $39B backlog emphasizes Mainline utilization and renewables; EPD leverages Permian NGLs (Bahia pipeline at 600 MBPD) and ethane exports. Risks include regulatory hurdles for ENB (Canada/U.S.) and EPD's commodity exposure, though 90%+ fee-based contracts mitigate. Yields favor EPD (~6%) over ENB (~5.6%), with EPD's lower P/E (~13x) versus ENB (~27x) suggesting relative value. Sentiment tilts positive for both amid AI/data center gas demand, but EPD's U.S. focus offers nimbler positioning.
Tickeron AI Verdict
Tickeron's AI models lean toward EPD based on superior short-term momentum post-earnings, lower valuation (P/E 13x vs. ENB's 27x), and consistent beats with 1.7x distribution coverage. ENB's diversification and massive backlog provide long-term stability, but EPD edges on yield (6%+) and U.S.-centric growth trends like Permian exports. Probabilistic edge to EPD for income-focused portfolios in 2026, assuming stable energy demand; neither signals overvaluation.
To compare these two companies we present long-term analysis, their fundamental ratings and make comparative short-term technical analysis which are presented below. The conclusion is ENB is a Buy and EPD is a StrongBuy.
Long-Term Analysis
It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is undervalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).
ENB’s FA Score shows that 1 FA rating(s) are green whileEPD’s FA Score has 2 green FA rating(s).
- ENB’s FA Score: 1 green, 4 red.
- EPD’s FA Score: 2 green, 3 red.
Short-Term Analysis
It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.
If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.
ENB’s TA Score shows that 3 TA indicator(s) are bullish while EPD’s TA Score has 3 bullish TA indicator(s).
- ENB’s TA Score: 3 bullish, 5 bearish.
- EPD’s TA Score: 3 bullish, 7 bearish.
Price Growth
ENB (@Oil & Gas Pipelines) experienced а +3.10% price change this week, while EPD (@Oil & Gas Pipelines) price change was -0.08% for the same time period.
The average weekly price growth across all stocks in the @Oil & Gas Pipelines industry was -1.00%. For the same industry, the average monthly price growth was -4.15%, and the average quarterly price growth was +24.94%.
Reported Earning Dates
ENB is expected to report earnings on Jul 31, 2026.
EPD is expected to report earnings on Aug 04, 2026.
Industries' Descriptions
@Oil & Gas Pipelines (-1.00% weekly)Oil & Gas Pipelines industry includes companies that transport natural gas and crude oil through pipelines. These companies also collect and market the fuels. The pipeline segment could be considered as a midstream operation – functioning as a link between the upstream and downstream operations in the oil and gas industry. Some of the largest U.S. pipeline players include Enterprise Products Partners L.P, TC Energy Corporation and Energy Transfer, L.P.
| ENB | EPD | ENB / EPD | |
| Capitalization | 123B | 79.1B | 155% |
| EBITDA | 19.5B | 9.81B | 199% |
| Gain YTD | 17.583 | 17.604 | 100% |
| P/E Ratio | 26.32 | 13.49 | 195% |
| Revenue | 69B | 51.6B | 134% |
| Total Cash | 1.64B | 191M | 856% |
| Total Debt | 110B | 33.9B | 324% |
ENB | EPD | ||
|---|---|---|---|
OUTLOOK RATING 1..100 | 19 | 65 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 15 Undervalued | 11 Undervalued | |
PROFIT vs RISK RATING 1..100 | 46 | 5 | |
SMR RATING 1..100 | 69 | 46 | |
PRICE GROWTH RATING 1..100 | 49 | 52 | |
P/E GROWTH RATING 1..100 | 37 | 36 | |
SEASONALITY SCORE 1..100 | 50 | 50 |
Tickeron ratings are formulated such that a rating of 1 designates the most successful stocks in a given industry, while a rating of 100 points to the least successful stocks for that industry.
EPD's Valuation (11) in the Oil And Gas Pipelines industry is in the same range as ENB (15). This means that EPD’s stock grew similarly to ENB’s over the last 12 months.
EPD's Profit vs Risk Rating (5) in the Oil And Gas Pipelines industry is somewhat better than the same rating for ENB (46). This means that EPD’s stock grew somewhat faster than ENB’s over the last 12 months.
EPD's SMR Rating (46) in the Oil And Gas Pipelines industry is in the same range as ENB (69). This means that EPD’s stock grew similarly to ENB’s over the last 12 months.
ENB's Price Growth Rating (49) in the Oil And Gas Pipelines industry is in the same range as EPD (52). This means that ENB’s stock grew similarly to EPD’s over the last 12 months.
EPD's P/E Growth Rating (36) in the Oil And Gas Pipelines industry is in the same range as ENB (37). This means that EPD’s stock grew similarly to ENB’s over the last 12 months.
| ENB | EPD | |
|---|---|---|
| RSI ODDS (%) | 3 days ago 57% | 6 days ago 26% |
| Stochastic ODDS (%) | 3 days ago 53% | 3 days ago 51% |
| Momentum ODDS (%) | 3 days ago 51% | 3 days ago 34% |
| MACD ODDS (%) | 3 days ago 55% | 3 days ago 33% |
| TrendWeek ODDS (%) | 3 days ago 47% | 3 days ago 32% |
| TrendMonth ODDS (%) | 3 days ago 43% | 3 days ago 24% |
| Advances ODDS (%) | 3 days ago 50% | 11 days ago 45% |
| Declines ODDS (%) | 13 days ago 45% | 13 days ago 34% |
| BollingerBands ODDS (%) | N/A | 3 days ago 67% |
| Aroon ODDS (%) | 3 days ago 40% | 3 days ago 30% |
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EPD and
Correlation & Price change
A.I.dvisor indicates that over the last year, EPD has been closely correlated with PAA. These tickers have moved in lockstep 72% of the time. This A.I.-generated data suggests there is a high statistical probability that if EPD jumps, then PAA could also see price increases.