July 29 (Reuters) - Enbridge Inc ENB.TO :
* ENBRIDGE REPORTS STRONG SECOND QUARTER
* Q2 ADJUSTED EARNINGS PER SHARE C$0.56
* Q2 GAAP EARNINGS PER SHARE C$0.82
* Q2 EARNINGS PER SHARE ESTIMATE C$0.55 -- REFINITIV IBES DATA
* SEES FY 2020 EARNINGS PER SHARE C$4.50 TO C$4.80
* QTRLY DISTRIBUTABLE CASH FLOW (DCF) WAS $2,437 MILLION, COMPARED WITH $2,310 MILLION IN 2019
* RE-AFFIRMED FINANCIAL GUIDANCE RANGE FOR 2020 OF $4.50 TO $4.80 DCF/SHARE
* CONTINUES TO EXPECT FAVOURABLE U.S. DOLLAR EXCHANGE RATE FOR 2020 WHICH WILL BENEFIT UNHEDGED CASH FLOWS, LOW INTEREST RATES
* MAINLINE THROUGHPUT FOR QUARTER REFLECTS SLIGHTLY FASTER PACE OF RECOVERY IN DEMAND FOR REFINED PRODUCTS, HIGHER REFINERY UTILIZATIONS
* ANTICIPATES CONTINUED BUT GRADUAL RECOVERY IN DEMAND FOR BALANCE OF 2020, CONSISTENT WITH THROUGHPUT GUIDANCE
* ENBRIDGE - CONTINUES TO EXPECT MAINLINE VOLUMES WILL BE UNDER UTILIZED BY 200-400 KBPD IN Q3 & 100-300 KBPD IN Q4
* AT THIS TIME, CANNOT DETERMINE WHEN ALL NECESSARY PERMITS TO COMMENCE CONSTRUCTION WILL BE ISSUED FOR LINE 3
* ENBRIDGE - HAS NOT PROVIDED AN UPDATE TO IN-SERVICE DATE FOR LINE 3
* ENBRIDGE - CONSTRUCTION & COMMISSIONING OF LINE 5 TUNNEL & PIPELINE EXPECTED TO BE COMPLETED IN LATE 2024
* EXITED Q2 WITH OVER $14 BILLION OF LIQUIDITY, HAVING COMPLETED ITS 2020 FUNDING PLAN