Enbridge Inc. reported a remarkable first-quarter profit of $2.3 billion, a substantial increase from $1.4 billion in the same period last year. This profit translates to $1.04 per share, marking a noticeable rise from 67 cents a year earlier. The company also saw adjusted earnings climb to $1.03 per share compared to 92 cents in Q1 2024. The CEO credited robust asset utilization for these record results and expressed optimism about potential growth in collaboration with the new Canadian government to bolster the energy sector.
Enbridge Inc. reported a significant first-quarter profit increase to $2.3 billion, reflecting strong asset utilization and aligning with financial guidance expectations.
CEO Greg Ebel emphasized the company's readiness to collaborate with the new Canadian government to enhance the energy sector and diversify export markets.
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