Enbridge Q3 Earnings Meet Estimates, Revenues Increase Y/Y
Enbridge(ENB) ZACKS·2024-11-05 23:20
Enbridge Inc. (ENB) reported third-quarter 2024 adjusted earnings per share (EPS) of 40 cents, in line with the Zacks Consensus Estimate. The bottom line, however, declined from the year-ago quarter’s level of 46 cents.Total quarterly revenues of $10.9 billion increased from $7.3 billion recorded in the prior-year quarter. The top line also beat the Zacks Consensus Estimate of $4.5 billion.The in-line quarterly earnings can be attributed to higher Adjusted EBITDA contributions from its major business segmen ...