Enbridge Q4 hit by special items but adjusted earnings beat estimates [CBC (Canadian Broadcasting Corporation)]
Enbridge Inc (ENB)
Last enbridge inc earnings: 2/14 07:00 am
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Source: CBC
Enbridge Q4 hit by special items but adjusted earnings beat estimates Net income, however, was $207 million, down 42 per cent from last year Enbridge Inc. said Friday that it hit record oil shipping volumes in December as rising Western Canada production filled up the extra capacity the company has been adding to its system. The increased volumes helped push Enbridge to an adjusted net income of $1.01 billion or 61 cents per common share, beating out analyst expectations of 56 cents per share of adjusted earnings according to data from Thomson Reuters. Special items, however, pushed unadjusted net income down to $207 million, a 42 per cent decline from the year-earlier period, resulting in net income of 13 cents per share. The unusual and infrequent items included a $2.8 billion after tax account charge from the write down of assets held for sale, partially offset by a $2 billion accounting benefit from U.S. tax reform. The company has earmarked at least $10 billion of non-core assets
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ENB
Earnings
- 2/9/24 - Beat
ENB
Sec Filings
- 4/5/24 - Form 8-K
- 4/4/24 - Form 424B5
- 4/2/24 - Form FWP
- ENB's page on the SEC website