Enbridge Beats Q1 Profit Estimates on Gas Strength
Enbridge reported a first-quarter adjusted profit of 98 Canadian cents per share. Growth was driven by gas transmission and utility infrastructure demand.
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ENBRIDGE INC reported adjusted profit of 98 Canadian cents per share for the quarter ended March 31, beating analyst estimates of 94 cents. The Canada-based pipeline operator benefited from rising demand for natural gas and power supply for data centers. Utility infrastructure growth supported performance amid geopolitical tensions and commodity price volatility.
