ENB vs ET Stock Comparison: AI Score, Valuation, Performance and Upside
Enbridge and Energy Transfer are both major North American midstream energy infrastructure companies, but Enbridge combines pipelines with regulated natural gas utility operations and renewable power, while Energy Transfer operates a diversified US-focused midstream MLP with substantial natural gas and NGL export infrastructure.
ENB offers a more diversified, utility-blended pipeline model with a long dividend growth record, while ET offers a US-focused midstream MLP with export infrastructure growth potential, though with a more complex tax structure. The choice depends on your preference for corporate structure and income stability.
ET holds the edge across 5 of 5 key metrics in this comparison. ET leads on both 1-year return (+29.07%) and forward P/E quality (12.03x vs 21.62x for ENB), a relatively favorable combination of momentum and valuation. On fundamentals, ENB is growing revenue faster (97.10%), while ET maintains the higher operating margin (10.41%) — a classic growth-versus-profitability split. Analyst consensus implies meaningfully more upside for ET (+16.75%) than for ENB (+5.65%).
Human Wall Street analysts' price targets, typically implying a ~12-month view — a separate signal from this site's own AI Prediction Signal further down the page, which is a 5-/30-day machine-learning forecast based on price history alone.
- Want exposure to a diversified pipeline and regulated utility business model
- Value a long track record of consistent dividend growth
- Prefer owning shares of a standard corporation rather than a limited partnership
- Believe renewable power investments add a complementary growth avenue
- Want exposure to diversified US midstream infrastructure spanning multiple commodity types
- See growing natural gas and NGL export demand as a long-term growth driver
- Are comfortable with the tax considerations that come with owning a master limited partnership
- Are willing to accept some distribution cut risk in exchange for potentially higher yield
| Metric | ENB | ET |
|---|---|---|
| AI scorei | 45.3 | 45.9 |
| AI ranki | #771 | #738 |
| Latest closei | $48.75 | $21.05 |
| 1M returni | -5.14% | -1.73% |
| 6M returni | -7.43% | +14.83% |
| 1Y returni | +3.28% | +29.07% |
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | ENB | ET |
|---|---|---|
| 1Y ago | $10.76K (+7.6%) started 2025-09-17 | $13.91K (+39.1%) started 2025-09-17 |
| 5Y ago | $23.71K (+137.1%) started 2021-09-17 | $55.49K (+454.9%) started 2021-09-17 |
| 10Y ago | $43.05K (+330.5%) started 2016-09-19 | $103.99K (+939.9%) started 2016-09-19 |
Hypothetical — past performance does not guarantee future results.
| Metric | ENB | ET |
|---|---|---|
| Market capi | $109.65B | $72.48B |
| Trailing P/Ei | 26.99 | 14.42 |
| Forward P/Ei | 21.62 | 12.03 |
| Price/Salesi | N/A | 0.68 |
| EV/Revenuei | 2.77 | 1.50 |
| Analyst targeti | $53.04 | $24.58 |
| Target upsidei | +5.65% | +16.75% |
| Metric | ENB | ET |
|---|---|---|
| Revenue growthi | 97.10% | 78.40% |
| Earnings growthi | -36.00% | 85.30% |
| EPS growthi | -36.00% | +85.30% |
| FCF margini | -1.27% | +2.94% |
| Operating margini | 10.16% | 10.41% |
| Profit margini | 7.34% | 4.92% |
| ROIC proxyi | 9.22% | 14.56% |
| Return on equityi | 9.22% | 14.56% |
| Dividend yieldi | 5.51% | 6.46% |
| Payout ratioi | 147.68% | 91.44% |
| Dividend growth streaki | No increase yet | 4 yrs |
| Betai | 0.79 | 0.57 |
| Debt/equityi | 162.97 | 138.33 |
| Current ratioi | 0.72 | 1.16 |
| Quick ratioi | 0.49 | 0.91 |
Over the past year, ENB and ET have moved moderately in the same direction (correlation of 0.46), based on daily returns.
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
| Period | Metric | ENB | ET |
|---|---|---|---|
| 1Y | Growthi | +3.28% | +29.07% |
| CAGRi | +3.28% | +29.10% | |
| Volatilityi | 17.78% | 16.62% | |
| Sharpe ratioi | 0.02 | 1.35 | |
| Sortino ratioi | 0.03 | 2.19 | |
| Max drawdowni | 16.58% | 8.04% | |
| Current drawdowni | 14.85% | 3.13% | |
| Avg drawdowni | 4.74% | 2.52% | |
| Ulcer Indexi | 6.09% | 3.27% | |
| Max daily dropi | 3.85% | 2.55% | |
| Max wkly dropi | 6.73% | 5.20% | |
| 5Y | Growthi | +66.43% | +243.36% |
| CAGRi | +10.73% | +27.99% | |
| Volatilityi | 18.83% | 24.05% | |
| Sharpe ratioi | 0.40 | 0.96 | |
| Sortino ratioi | 0.55 | 1.41 | |
| Max drawdowni | 28.31% | 24.56% | |
| Current drawdowni | 14.85% | 3.13% | |
| Avg drawdowni | 8.74% | 5.39% | |
| Ulcer Indexi | 11.34% | 7.88% | |
| Max daily dropi | 5.89% | 8.86% | |
| Max wkly dropi | 11.26% | 16.44% | |
| 10Y | Growthi | +97.40% | +193.15% |
| CAGRi | +7.04% | +11.36% | |
| Volatilityi | 24.09% | 33.90% | |
| Sharpe ratioi | 0.22 | 0.36 | |
| Sortino ratioi | 0.30 | 0.51 | |
| Max drawdowni | 44.07% | 72.82% | |
| Current drawdowni | 14.85% | 3.13% | |
| Avg drawdowni | 10.59% | 16.97% | |
| Ulcer Indexi | 13.54% | 24.25% | |
| Max daily dropi | 17.83% | 27.82% | |
| Max wkly dropi | 32.55% | 44.00% |
| Category | ENB | ET |
|---|---|---|
| Company | Enbridge Inc. | Energy Transfer LP |
| Sector | Energy | Energy |
| Industry | Oil & Gas Midstream | Oil & Gas Midstream |
| Core business | A North American energy infrastructure company operating crude oil and liquids pipelines, natural gas transmission and distribution utilities, and a growing renewable power generation portfolio across Canada and the United States. | A diversified midstream energy master limited partnership operating natural gas, natural gas liquids, crude oil, and refined product pipelines, storage, and terminal infrastructure across the United States. |
| Investor focus | Pipeline throughput volumes and regulated rate base growth, natural gas utility segment stability, and dividend growth consistency supported by long-term contracted cash flows. | Distribution growth policy and coverage ratio, natural gas and NGL export infrastructure expansion, and balance sheet deleveraging progress. |
- Extensive crude oil pipeline network provides critical transportation infrastructure with long-term contracted revenue stability
- Regulated natural gas utility operations add a more predictable, utility-like earnings component to the overall business mix
- Long track record of consistent dividend increases reflects the durability of its contracted and regulated cash flow base
- Extensive, diversified midstream asset base spans multiple commodity types, reducing reliance on any single pipeline system
- Significant natural gas and NGL export infrastructure positions the company to benefit from growing global demand for US energy exports
- Fee-based contract structure across much of its asset base supports relatively stable cash flow generation
- Large-scale pipeline projects can face regulatory delays and permitting challenges that affect growth project timelines
- Exposure to Canadian and cross-border regulatory frameworks adds a layer of political and policy risk
- Elevated debt levels typical of capital-intensive pipeline infrastructure require continued disciplined balance sheet management
- Master limited partnership structure carries distinct tax considerations for investors compared to owning shares of a standard corporation
- Historical distribution cuts during periods of market stress illustrate that payouts are not entirely immune to commodity price cycles
- Elevated leverage relative to some pipeline peers requires ongoing debt reduction discipline
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