Canadian pipeline giant Enbridge beats profit expectations for fourth quarter
The Calgary-based pipeline operator reported an adjusted profit of 88 cents per share. High energy demand drove increased transport volumes for gas and liquids.
Insights:
Enbridge Inc. reported an adjusted fourth-quarter profit of 88 Canadian cents per share, beating the analysts' estimate of 77 Canadian cents per share. This result for the period ended Dec. 31 exceeded the LSEG-compiled analyst consensus by 11 Canadian cents, as robust power demand increased volumes of gas and liquids transported through Enbridge pipeline systems.
