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.

洞察:
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.
The Enbridge Inc logo is displayed in this illustration taken on April 10, 2023. REUTERS/Dado Ruvic/Illustration
The Enbridge Inc logo is displayed in this illustration taken on April 10, 2023. REUTERS/Dado Ruvic/Illustration
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