Enbridge stands out among North American midstream operators with a utilitylike earnings profile. Its most important asset, the Mainline system, controls over 70% of Canada's takeaway capacity and is linked to highly complex US refineries that value heavy oil, so demand remains secure in the near to medium term despite the increase in US light oil production. Over 80% of Enbridge's EBITDA is protected against inflation.
Enbridge is the liquids-focused version of gas-oriented Williams in terms of an attractive, highly regulated, utilitylike earnings profile.
Due to its size and profile, Enbridge is a lightning rod for ESG-related legal and stakeholder challenges across its assets, including Lines 3 and 5 and its small stake in the troubled Dakota Access pipeline.
|
Metric
|
ENB
|
KMI
|
TRP
|
|---|---|---|---|
Price/Earnings (Normalized) | 19.93 | 19.28 | 14.75 |
Price/Book Value | 1.98 | 1.59 | 2.41 |
Price/Sales | 2.67 | 3.15 | 3.98 |
Price/Cash Flow | 9.45 | 8.78 | 8.67 |
|
Metric
|
ENB
|
KMI
|
TRP
|
|---|---|---|---|
Quick Ratio | 0.52 | 0.23 | 0.47 |
Current Ratio | 0.77 | 0.37 | 0.76 |
Interest Coverage | 2.89 | 2.78 | 2.70 |
|
Metric
|
ENB
|
KMI
|
TRP
|
|---|---|---|---|
Return on Assets (Normalized) | 3.16% | 3.57% | 4.07% |
Return on Equity (Normalized) | 10.26% | 8.24% | 17.44% |
Return on Invested Capital (Normalized) | 5.90% | 6.22% | 6.86% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| Enbridge Inc
ENB
| Ltghglwdd | Yjpdhb | $88.9 Bil | |||
| Enterprise Products Partners LP
EPD
| Lhvbmrhnm | Yhmk | $63.3 Bil | |||
| Williams Companies Inc
WMB
| Ngjlscn | Vzttqk | $55.0 Bil | |||
| Energy Transfer LP
ET
| Jsdjs | Ynnq | $55.0 Bil | |||
| ONEOK Inc
OKE
| Pkqydjbv | Tqbkwxx | $52.7 Bil | |||
| TC Energy Corp
TRP
| Grhhngwpb | Yrggqh | $48.6 Bil | |||
| Kinder Morgan Inc Class P
KMI
| Cyvpkgckg | Cqdhygx | $48.4 Bil | |||
| MPLX LP Partnership Units
MPLX
| Mkwkgfnw | Bgfsxdp | $45.6 Bil | |||
| Cheniere Energy Inc
LNG
| Kbhcssy | Tpffz | $40.6 Bil | |||
| Targa Resources Corp
TRGP
| Gdmpntkl | Sprly | $32.2 Bil |
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United States