Canada’s Enbridge posts over 5% rise in quarterly profit

Feb 14 (Reuters) – Enbridge Inc, Canada’s largest pipeline operator, reported a 5.3% rise in adjusted quarterly profit on Friday, driven by its liquids pipelines, which includes Mainline system, the region’s longest oil pipeline system. The company reported adjusted earnings of C$1.23 billion ($929.00 million), or 61 Canadian cents per share, in the fourth quarter ended Dec. 31, compared with C$1.17 billion, or 65 Canadian cents per share, a year earlier. The company transported 2.728 million barrels per day (bpd) of crude on its Mainline system, up from 2.685 million bpd. ($1 = 1.3240 Canadian dollars) (Reporting by Shanti S Nair in Bengaluru; Editing by Subhranshu Sahu)

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s