Enbridge (ENB) Q2 Earnings Miss Estimates, Revenues Rise Y/Y
Enbridge(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 $8.3 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 depreci ...