Pipeline Giant Enbridge Backs 2024 Guidance Post Q4 Results: Details



Enbridge Inc (NYSE:ENB) reported a fourth-quarter FY23 adjusted EPS of C$0.64, higher than C$0.63 a year ago.

Adjusted EBITDA rose to C$4.11 billion from C$3.91 billion a year ago. This was led by higher Mainline volumes, increased contributions from the Midcontinent and Gulf Coast segment, higher Canadian utility rates and customer base, the expiration of certain transportation commitments in the Energy Services business, and favorable USD/CAD hedge settlement rates. 

Liquids Pipelines adjusted EBITDA increased to C$2.39 billion from C$2.33 billion a year ago on higher contributions …

Full story available on Benzinga.com


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