Enbridge Inc. Reports Strong First-Quarter Earnings
Enbridge Inc. has announced its first-quarter earnings, exceeding market expectations. The company’s revenue and profits have increased compared to the same period in previous years.
Key Highlights
- Revenue: $14.4 billion, up 10% from the same period in 2023
- Net income: $1.2 billion, up 15% from the same period in 2023
- Earnings per share: $0.83, exceeding market expectations
CEO’s Comments
Enbridge CEO expressed enthusiasm about the growing recognition of energy projects in Canada and the US. The company remains optimistic about the need for additional oil export capacity from Western Canada.
Business Outlook
Enbridge has reaffirmed its 2025 guidance and plans to invest in new pipeline projects, with a focus on utility investments. The company aims to expand its energy delivery business through strategic investments and partnerships.
Stock Performance
Enbridge’s stock price has shown a moderate increase, reflecting the company’s positive performance. The stock price has risen by 5% since the beginning of 2025.
Future Plans
Enbridge will continue to invest in new pipeline projects and expand its energy delivery business. The company will focus on utility investments and strategic partnerships to drive growth.