Enbridge Tops Q1 Profit Estimates on Record Mainline Crude Volumes

Canada’s pipeline giant Enbridge Inc. reported on Friday record quarterly earnings for the first quarter of the year as it moved a record-high volume of liquids on its huge Mainline pipeline system in North America. The company booked adjusted earnings of US$1.58 billion (C$2.2 billion), or US$0.74 (C$1.

03) per common share, for the first quarter, up from US$1.44 billion (C$2 billion) for the same period of 2024. The EPS beat the analyst consensus estimate of US$0.69 (C$0.96) for the first quarter of 2025. Enbridge operates the Mainline system,…