Enbridge: Q4 Earnings Snapshot
By AP News
Published - Feb 10, 2023, 08:21 AM ET
Last Updated - Jun 22, 2023, 10:12 PM EDT
CALGARY, Alberta (AP) — CALGARY, Alberta (AP) — Enbridge Inc. (ENB) on Friday reported a fourth-quarter loss of $786 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Calgary, Alberta-based company said it had a loss of 39 cents. Earnings, adjusted for non-recurring costs, came to 46 cents per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share.
The oil and natural gas transportation and power transmission company posted revenue of $9.89 billion in the period.
