Enbridge (ENB) Q2 Earnings Miss Estimates, Revenues Rise Y/Y
ENBEnbridge(ENB) ZACKS·2024-08-06 21:00

Enbridge Inc. (ENB) reported second-quarter 2024 adjusted earnings per share (EPS) of 42 cents, which missed the Zacks Consensus Estimate of 45 cents. The bottom line also decreased from the year-ago quarter’s figure of 51 cents.However, total quarterly revenues of 8.3billionincreasedfrom8.3 billion increased from 7.8 billion in the prior-year quarter. The top line also beat the Zacks Consensus Estimate of $5.7 billion.The weak quarterly earnings resulted from increased financing costs, higher income taxes and greater depreciat ...