💙 🔷 Not impressed by Big Tech in Q3? Explore these Blue Chip Bargains insteadUnlock them all

BRIEF-Enbridge Inc Q3 Adjusted Earnings Per Share C$0.55

Published 2018-11-02, 07:08 a/m
© Reuters.  BRIEF-Enbridge Inc Q3 Adjusted Earnings Per Share C$0.55
ENB
-

Nov 2 (Reuters) - Enbridge Inc ENB.TO :

* . REPORTS STRONG THIRD QUARTER 2018 RESULTS AND SIGNIFICANT PROGRESS ON STRATEGIC PRIORITIES

* Q3 ADJUSTED EARNINGS PER SHARE C$0.55

* Q3 EARNINGS PER SHARE VIEW C$0.51 -- THOMSON REUTERS I/B/E/S

* Q3 GAAP LOSS PER SHARE C$0.05

* ON TRACK TO ACHIEVE FINANCIAL GUIDANCE FOR 2018

* BRINGING $7 BILLION OF NEW PROJECTS INTO SERVICE IN 2018

* 2018 OUTLOOK FOR DCF PER SHARE EXPECTED TO BE IN UPPER HALF OF GUIDANCE RANGE OF $4.15 TO $4.45 PER SHARE

* CONTINUES TO MAKE GOOD PROGRESS EXECUTING ITS $22 BILLION SECURED GROWTH CAPITAL PROGRAM FOR 2018 TO 2020

* DISTRIBUTABLE CASH FLOW WAS $1,585 MILLION FOR Q3, COMPARED TO $1,334 MILLION FOR Q3 OF 2017

* EARLY OCT PIPELINE RUPTURE ON T-SOUTH SEGMENT OF OBC PIPELINE RESULTED IN NO INJURIES OR LONG-TERM ENVIRONMENTAL IMPACTS TO SITE

* CONTINUE TO EXPECT A 10% COMPOUND ANNUAL GROWTH IN CASH FLOW AND DIVIDENDS PER SHARE THROUGH 2020

* RECEIVED PROCEEDS FROM ASSET SALES OF APPROXIMATELY $5.7 BILLION DURING QUARTER, WITH BALANCE EXPECTED BY MID-2019

* PROCEEDING WITH AMALGAMATION OF COMPANY'S ONTARIO BASED NATURAL GAS UTILITIES FOLLOWING APPROVAL BY ONTARIO ENERGY BOARD

* FOR LINE 3 REPLACEMENT PROJECT MINNESOTA PUBLIC UTILITIES COMMISSION WRITTEN ORDERS FOR CERTIFICATE OF NEED AND ROUTE PERMIT RECEIVED

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.