Enbridge vs Enterprise Products

Enbridge Inc. and Enterprise Products Partners L.P. are compared on this page for business models, financial performance, and market context. The content is presented in a neutral, accessible manner to inform understanding of their sectors and strategies. Educational content, not financial advice.

Enbridge Inc. and Enterprise Products Partners L.P. are compared on this page for business models, financial performance, and market context. The content is presented in a neutral, accessible manner t...

Comparison Snapshot

Key Financial Metrics

ENB

Metric

EPD

$104.49B

Market Cap

$71.50B

4.07%

Potential Profit

8.13%

Hold

Analyst Rating

Buy

Why It's Moving

Enbridge Boosts Dividend 3% and Issues Strong 2026 Guidance, Signaling Steady Growth Ahead.

Approximately $8 billion in secured projects set to enter service in 2026, backed by low-risk contracts to drive predictable revenue growth.
CEO Greg Ebel highlighted high asset utilization and recent rate settlements in gas distribution and transmission for durable earnings expansion.
31st straight annual dividend increase reinforces Enbridge's status as a dividend aristocrat amid a robust $35 billion project backlog through 2030.

Sentiment:

🐃Bullish

Enterprise Products Partners Bolsters Long-Term Payout Confidence with Massive Project Backlog

Pipeline network exceeding 50,000 miles generates stable fee-based revenues from long-term shipper contracts, ensuring cash flow consistency across business cycles.
Consistent distribution growth for more than 20 years underscores EPD's ability to prioritize unitholder returns even as 2025 earnings estimates face downward revisions.
Units up 4.7% over the past year, trading at an attractive EV/EBITDA of 10.40X below industry average, amid broader midstream valuation dynamics.

Sentiment:

🐃Bullish

Enbridge Boosts Dividend 3% and Issues Strong 2026 Guidance, Signaling Steady Growth Ahead.

Approximately $8 billion in secured projects set to enter service in 2026, backed by low-risk contracts to drive predictable revenue growth.
CEO Greg Ebel highlighted high asset utilization and recent rate settlements in gas distribution and transmission for durable earnings expansion.
31st straight annual dividend increase reinforces Enbridge's status as a dividend aristocrat amid a robust $35 billion project backlog through 2030.

Sentiment:

🐃Bullish

Enterprise Products Partners Bolsters Long-Term Payout Confidence with Massive Project Backlog

Pipeline network exceeding 50,000 miles generates stable fee-based revenues from long-term shipper contracts, ensuring cash flow consistency across business cycles.
Consistent distribution growth for more than 20 years underscores EPD's ability to prioritize unitholder returns even as 2025 earnings estimates face downward revisions.
Units up 4.7% over the past year, trading at an attractive EV/EBITDA of 10.40X below industry average, amid broader midstream valuation dynamics.

Sentiment:

🐃Bullish

Investment Analysis

Enbridge

ENB

Pros

Enbridge operates a diversified portfolio across liquids pipelines, gas transmission, distribution, storage, and renewable power generation, enhancing revenue stability.
The company has reiterated strong 2025 financial guidance with projected annual EBITDA growth of 7-9%, EPS growth of 4-6%, and approximately 3% DCF per share growth near-term.
Enbridge maintains a competitive dividend yield of approximately 5.7%, supported by strong cash flow and plans for accretive investments.

Considerations

Near-term growth faces challenges with slight decreases in adjusted earnings and EBITDA in recent quarters, attributed to higher financing costs and depreciation.
The company carries a high debt-to-equity ratio, raising concerns about financial leverage and potential risks in managing its debt load.
Enbridge's dividend payout ratio exceeds 100%, potentially questioning the sustainability of current dividend levels if earnings do not improve.

Enterprise Products

EPD

Pros

Enterprise Products Partners has a broad midstream energy service offering, including natural gas, NGLs, crude oil, petrochemicals, and refined products pipelines and services across North America.
The company operates extensive infrastructure facilities such as gathering, processing, fractionation, storage, terminals, and marine transportation, providing operational scale.
Enterprise benefits from stable demand drivers in midstream energy services, servicing multiple commodity types and customer segments to mitigate sector volatility.

Considerations

Enterprise is exposed to the cyclicality of commodity markets, which can impact volumes and margins in its midstream operations.
The partnership structure may introduce complexities in governance and potential distribution risks compared to a traditional corporate structure.
Despite a large asset base, Enterprise may face growth execution risks amid evolving energy transition trends and regulatory environments.

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