Enbridge reports $2.3B first-quarter profit up from $1.4B last year

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Calgary

Calgary institution says it earned $1.03 per stock successful its latest quarter, compared with a nett of 67 cents per stock a twelvemonth earlier.

Calgary institution says it earned $1.03 per stock successful its latest quarter

The Canadian Press

· Posted: May 09, 2025 10:53 AM EDT | Last Updated: 5 minutes ago

FILE - This June 29, 2018 photograph shows tanks astatine the Enbridge Energy terminal successful Superior, Wis. Enbridge Energy's program to regenerate its aging Line 3 crude lipid pipeline crossed bluish Minnesota has deed different obstacle. Earlier this period a tribunal said the project's biology interaction connection failed to code the anticipation of an lipid spill into the Lake Superior watershed. Now the Minnesota Pollution Control Agency and Department of Natural Resources accidental they can't instrumentality last enactment connected the project's permits until the Public Utilities Commission addresses the deficiencies. (AP Photo/Jim Mone, File)

Enbridge Inc. reported a first-quarter nett of $2.3 billion, up from $1.4 cardinal successful the aforesaid 4th past year.

The pipeline institution says the nett amounted to $1.04 per stock for the 4th ended March 31, compared with a nett of 67 cents per stock a twelvemonth earlier.

On an adjusted basis, Enbridge says it earned $1.03 per stock successful its latest quarter, up from an adjusted nett of 92 cents per stock successful the archetypal 4th of 2024.

Distributable currency travel per stock amounted to $1.73 for the quarter, up from $1.63 per stock a twelvemonth ago.

Enbridge main enforcement Greg Ebel said beardown utilization crossed the company's plus basal underpinned grounds fiscal results and acceptable it up to conscionable oregon transcend its fiscal guidance.

He says the institution looks guardant to moving with the caller Canadian authorities to turn the accepted and unconventional vigor sector, diversify the country's export markets and amended competitiveness.

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