Enbridge Reports Strong Third Quarter and Reaffirms 2020 Financial Guidance

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Go back to Enbridge Reports Strong Third Quarter and Reaffirms 2020 Financial Guidance

Enbridge (ENB) Tops Q3 EPS by 4c

November 6, 2020 7:01 AM EST

Enbridge (NYSE: ENB) reported Q3 EPS of $0.48, $0.04 better than the analyst estimate of $0.44.

Third Quarter 2020 Highlights

(all financial figures are unaudited and in Canadian dollars unless otherwise noted)

GAAP earnings of $990 million or $0.49 earnings per common share, compared with GAAP earnings of $949 million or $0.47 per common share in 2019Adjusted earnings of $961 million or $0.48 per common share, compared with $1,124 million or $0.56 per common share in 2019Adjusted earnings before interest, income tax and depreciation and amortization (EBITDA) of $2,997 million, compared with $3,108 million in 2019Cash Provided by Operating Activities of $2,302 million, compared... More