Enbridge: 3Q Earnings Snapshot
CALGARY, Alberta (AP) _ Enbridge Inc. (ENB) on Friday reported third-quarter net income of $791.6 million, after reporting a loss in the same period a year earlier.
The Calgary, Alberta-based company said it had profit of 36 cents per share. Earnings, adjusted for non-recurring costs, came to 42 cents per share.
The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 42 cents per share.
The oil and natural gas transportation and power transmission company posted revenue of $8.79 billion in the period.
Enbridge shares have climbed 18% since the beginning of the year. The stock has climbed 11% in the last 12 months.