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Enbridge missed earnings estimates due to higher costs and lower pricing, but kept 2025 guidance and approved $3B in new projects.
Enbridge reported third-quarter adjusted earnings of 46 Canadian cents per share, missing analysts’ expectations of 51 cents, due to higher operating costs, lower toll pricing on its Mainline system, and reduced output from key pipelines.
The company’s adjusted core profit for its liquid pipelines unit declined slightly to C$2.31 billion, while net income fell to C$682 million.
Despite the shortfall, Enbridge reaffirmed its 2025 profit guidance and announced C$3 billion in new project approvals, bringing its growth backlog to C$35 billion.
The company maintains its focus on dividend stability and long-term growth amid ongoing energy sector challenges.
Enbridge perdió las estimaciones de ganancias debido a costos más altos y precios más bajos, pero mantuvo la orientación para 2025 y aprobó $ 3 mil millones en nuevos proyectos.