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Enbridge reports $2.3 billion first-quarter profit, up from $1.4 billion last year, citing high asset utilization.
Enbridge, a Canadian pipeline company, reported a first-quarter profit of $2.3 billion, up from $1.4 billion last year, with earnings of $1.04 per share compared to 67 cents the previous year.
CEO Greg Ebel attributed the strong results to high asset utilization and expressed optimism about growing the energy sector and improving competitiveness with the new Canadian government.
The company also reaffirmed its financial outlook for 2025, including distributable cash flow and EBITDA targets.
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Enbridge reporta $2.3 mil millones de ganancias en el primer trimestre, por encima de los $1.4 mil millones del año pasado, citando la alta utilización de los activos.