19:58:04 EDT Fri 03 May 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 1,638,941,543
Close 2017-08-03 C$ 52.47
Market Cap C$ 85,995,262,761
Recent Sedar Documents

Globe/CP say Enbridge posts lower-than-expected profit

2017-08-04 07:57 ET - In the News

The Globe and Mail reports in its Friday, Aug. 4, edition that Enbridge on Thursday posted a lower-than-expected quarterly profit. A Canadian Press dispatch to The Globe reports that Enbridge's second quarter profit was hurt by outages and production disruptions in its liquids pipeline business. The company said it expects the business to improve over the rest of the year, as production and throughput increases on its mainline system. Still, quarterly profit more than tripled, helped partly by the company's $28-billion purchase of natural gas pipeline company Spectra Energy Corp. Net income attributable to shareholders rose to $919-million or 56 Canadian cents a share in the second quarter ended June 30. That compared with $301-million or 33 cents a share in the same period a year earlier. Excluding one-time items, the company earned 41 cents a share. Analysts on average had expected earnings of 48 cents per share. Enbridge shed a nickel to close Thursday in Toronto at $52.47. The Globe's John Heinzl was keen on Enbridge on April 1. The shares were then going for $55.49.

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