Enbridge Q3 earnings disappoint

November 5, 2017

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Canadian oil and gas pipeline infrastructure operator Enbridge has reported an adjusted third-quarter profit of C$632-million, or C$0.39 a share, missing the average Bay Street analyst forecast calling for earnings of C$0.43 a share.

The Calgary, Alberta-based company reported net profit for the three months ended September of C$765-million, or C$0.47 a share, compared with a loss of C$103-million, or C$0.11 a share in the same quarter last year, the company announced on Thursday.

Category: General