Enbridge: Q1 Earnings Snapshot
By AP News
Published - May 05, 2023, 09:18 AM ET
Last Updated - Jun 21, 2023, 10:24 PM EDT
CALGARY, Alberta (AP) — CALGARY, Alberta (AP) — Enbridge Inc. (ENB) on Friday reported first-quarter earnings of $1.34 billion.
The Calgary, Alberta-based company said it had profit of 63 cents per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share.
The oil and natural gas transportation and power transmission company posted revenue of $8.93 billion in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $10.33 billion.
