Enbridge Profit Rises in 1Q

Dow Jones

May 09, 2025

By Adriano Marchese

Enbridge profit rose in the first quarter thanks to strong utilization across its assets.

The Calgary, Alberta-based pipeline-and-energy company on Friday posted net income of 2.26 billion Canadian dollars ($1.62 billion), or C$1.04 a share, up from C$1.42 billion, or C$0.67 a share, in the comparable quarter a year earlier.

Adjusted earnings were C$1.03 a share. According to FactSet, analysts were expecting C$0.96 a share.

Distributed cash flow rose to C$3.78 billion, up from C$3.46 billion a year earlier.

Chief Executive Greg Ebel credits the quarter's performance to strong utilization across its asset base and said this positions the company to meet or exceed financial guidance for the year.

On the tariff front, Ebel doesn't anticipate any issues. "We don't expect tariffs to have a material impact on our current operations or deployment of capital," Ebel said.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

May 09, 2025 07:40 ET (11:40 GMT)

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According to FactSet, analysts were expecting C$0.96 a share. \n\n\n  Distributed cash flow rose to C$3.78 billion, up from C$3.46 billion a year earlier. \n\n\n  Chief Executive Greg Ebel credits the quarter's performance to strong utilization across its asset base and said this positions the company to meet or exceed financial guidance for the year. \n\n\n  On the tariff front, Ebel doesn't anticipate any issues. \"We don't expect tariffs to have a material impact on our current operations or deployment of capital,\" Ebel said. \n\n\n \n\n\n  Write to Adriano Marchese at adriano.marchese@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 09, 2025 07:40 ET (11:40 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}