Enbridge (NYSE: ENB) reported Q1 EPS of $0.82, $0.38 better than the analyst estimate of $0.44.

• GAAP earnings were $445 million or $0.26 per common share for the first quarter, including the impact of a number of unusual, non-recurring or non-operating factors
• Adjusted earnings were $1,375 million or $0.82 per common share for the first quarter of 2018 compared to $0.57 per common share in the first quarter of 2017
• Adjusted earnings before interest, income tax and depreciation and amortization (EBITDA) was $3,406 million for the first quarter
• Distributable Cash Flow (DCF) and Cash Provided by Operating Activities were $2,312 million and $3,194 million for the first quarter of 2018, respectively, compared with $1,215 million and $1,776 million for the first quarter of 2017
• Strong operational performance across all business segments, including record quarterly average throughput on the Liquids Mainline System
• Executing on $7 billion of new projects to come into service in 2018; $0.8 billion of new projects brought into service since year-end, including the Stampede offshore oil lateral in the Gulf of Mexico and the Wyndwood and High Pine natural gas transmission expansions on the B.C. Pipeline System
• Line 3 Replacement Project construction well underway in Canada and is completed in Wisconsin; In Minnesota, Administrative Law Judge (ALJ) confirms need for project but recommends alternative route; Minnesota Public Utilities Commission (MPUC) permit decisions expected in the second quarter of 2018
• Significant progress on 2018 funding plan; Since introducing the plan in December 2017, the Company has raised close to $3.1 billion of hybrid equity and refinanced US$2.3 billion of debt at the operating company level
• Announced the monetization of $3.2 billion of assets in order to accelerate deleveraging and provide increased financial flexibility while re-focusing the business on low-risk pipeline and utility assets
• Quarterly dividend increased by 10% effective February 15, 2018, marking the 23rd straight year of dividend increases, averaging a compound annual growth rate of 11% over that period

For earnings history and earnings-related data on Enbridge (ENB) click here.