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Thursday, November 2, 2017

-=Enbridge (ENB) reported earnings on Thur 2 Nov 2017 (b/o)

Enbridge misses by $0.05; reiterates outlook 
  • Reports Q3 (Sep) earnings of CC$0.39 per share, excluding non-recurring items, CC$0.05 worse than the Capital IQ Consensus of CC$0.44.
  • "Overall, third quarter performance was in-line with our expectations," said Al Monaco, Enbridge's President and Chief Executive Officer. "Looking ahead to the fourth quarter, we anticipate a further acceleration of financial performance driven by increased liquids volumes, a full quarter of new projects in service, ongoing incremental synergy capture and momentum from the seasonal nature of our business which typically strengthens in the winter months. Given these factors, along with the stable and reliable nature of the base business, we remain on track to deliver full year 2017 financial results within the previously disclosed guidance range of $3.60/share to $3.90/share." 

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