Enbridge: 2Q Earnings Snapshot
CALGARY, Alberta (AP) _ Enbridge Inc. (ENB) on Friday reported second-quarter earnings of $1.37 billion.
On a per-share basis, the Calgary, Alberta-based company said it had profit of 64 cents. Earnings, adjusted for non-recurring gains, were 50 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share.
The oil and natural gas transportation and power transmission company posted revenue of $9.92 billion in the period.
Enbridge shares have risen 8% since the beginning of the year. The stock has decreased roughly 5% in the last 12 months.