Enbridge Inc (USA) (ENB) Releases Earnings Results, Reports EPS of $0.50 EPS

Enbridge Inc (USA) (ENB) reported quarterly earnings results on Friday, Jul-29-2016. The company reported $0.50 EPS for the quarter. Analysts had a consensus estimate of $0.50. Analysts expectations of $8129.86 million. During the same quarter in the previous year, the company posted $0.60 EPS.

Many Wall Street Analysts have commented on Enbridge Inc (USA). Enbridge Inc (USA) was Downgraded by Goldman to ” Neutral” on Jul 20, 2016. Enbridge Inc (USA) was Downgraded by National Bank Financial to ” Sector Perform” on Jul 18, 2016.

Enbridge Inc (USA) opened for trading at $38.78 and hit $39.23 on the upside on Thursday, eventually ending the session at $39.09, with a gain of 0.93% or 0.36 points. The heightened volatility saw the trading volume jump to 12,72,902 shares. Company has a market cap of $36,319 M.

Enbridge Inc. (Enbridge) is an energy transportation and distribution company. The Company operates in five segments: Liquids Pipelines; Gas Distribution; Gas Pipelines Processing and Energy Services; Sponsored Investments and Corporate. Liquids Pipelines segment owns and operates crude oil and other liquid hydrocarbons pipelines and terminals. Gas Distribution consists of the Company’s natural gas utility operations. Gas Pipelines Processing and Energy Services segment consists of investments in natural gas pipelines gathering and processing facilities and the Company’s energy services businesses along with renewable energy and transmission facilities. Sponsored Investments includes the Company’s 33.7% economic interest in Enbridge Energy Partners L.P. (EEP) and Enbridge’s interests in both the Eastern Access and Lakehead System Mainline expansion projects held through Enbridge Energy Limited Partnership (EELP). The Corporate segment includes an investment in Noverco Inc.

Enbridge Inc (USA)

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