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Enbridge Reports $1.29B Third-Quarter Profit, up From $682M a Year Ago
Higher income from gas transmission and storage lifted adjusted core profit as Enbridge also expanded its U.S. crude oil footprint.
- On Friday, Enbridge Inc. reported its third-quarter profit nearly doubled to $1.29 billion for the quarter ended Sept. 30, compared with $682 million a year earlier.
- Higher income from natural gas businesses drove the increase, with Enbridge reporting adjusted core profit of $1.43 billion from its transmission unit, up from $1.26 billion.
- Adjusted core profit from the gas distribution and storage unit rose to $665 million from $560 million, while adjusted per-share earnings reached 49 cents.
- Enbridge recently closed its purchase of the Salt Creek Midstream crude oil gathering business in Texas and announced a deal to acquire Tallgrass Energy's crude oil business in the United States.
- Increasing natural gas consumption and power infrastructure investments for data centers have bolstered growth opportunities for Enbridge, whose regulated and contracted assets provide stable earnings.
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Enbridge Reports Strong Third Quarter Results, Places Over $3 Billion of Gas Transmission Projects Into Service, and Reaffirms 2026 Financial Guidance
/PRNewswire/ - Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) today reported third quarter 2026 financial results, reaffirmed its 2026...
·Chicago, United States
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Total News Sources16
Leaning Left6Leaning Right1Center5Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 42%
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