HIGHLIGHTS (all financial figures are unaudited and in Canadian dollars unless otherwise noted) Third quarter loss was $609 million and nine months loss was $415 million, both including the impact of a number of unusual, non-recurring or non-operating factors Third quarter and nine months adjusted earnings were $399 million and $1,372 million, respectively, or $0.47 and $1.62 per common share,
The race for the position of Canadian Prime Minister continues as the October 19 elections approach, and candidates continue to spar over the importance of various pipeline projects throughout Canada. National polls last week showed the Conservatives at 31%, the Liberals at 30% and the New Democratic Party (NDP) at 29%, putting the Conservatives, the party of Canada’s current prime
Enbridge Pipelines Inc. Announces Completion of the Transfer of Its U.S. Subsidiary to an Enbridge Inc. Subsidiary CALGARY, ALBERTA–(Marketwired – Aug. 10, 2015) – Enbridge Pipelines Inc. (EPI) today announced that it has completed its transfer of EPI’s ownership interest in Enbridge Energy Company, Inc., a wholly-owned U.S. subsidiary of EPI, to a wholly-owned subsidiary of Enbridge Inc. (“U.S. Reorganization”).
Enbridge Reports Second Quarter Adjusted Earnings of $505 Million or $0.60 Per Common Share and Available Cash Flow From Operations of $808 Million or $0.96 Per Common Share HIGHLIGHTS (all financial figures are unaudited and in Canadian dollars unless otherwise noted) Second quarter earnings were $577 million and six months earnings were $194 million, both including the impact of a
Enbridge Income Fund Receives Canadian Oil Sands System and Renewables Enbridge (ticker: ENB) followed through on its April 2015 proposal to transfer assets to its Income Fund, swapping ownership of its Canadian Mainline, Regional Oil Sands System and Canadian renewable assets for a closing value of $30.4 billion. The value includes $18.7 billion of units in the fund structure and
Enbridge Reports First Quarter Adjusted Earnings of $468 Million or $0.56 Per Common Share CALGARY, ALBERTA–(Marketwired – May 6, 2015) – HIGHLIGHTS (all financial figures are unaudited and in Canadian dollars unless otherwise noted) First quarter loss was $383 million, including the impact of net unrealized non-cash mark-to-market losses First quarter adjusted earnings were $468 million or $0.56 per common
– $17 billion book value of assets and $15 billion of secured growth projects under development proposed to be transferred – Accretion expected to add 10% to Enbridge adjusted earnings per share from 2015 through 2018 – EIFH dividend growth rate expected to average 10% per year from 2015 to 2019 CALGARY, ALBERTA–(Marketwired – March 31, 2015) – Enbridge Inc. (TSX:ENB)
Enbridge Energy Partners, L.P. Announces Closing of Common Unit Offering HOUSTON, TX–(Marketwired – Mar 13, 2015) – Enbridge Energy Partners, L.P. (NYSE: EEP) (the “Partnership”) announced the closing of its previously announced public offering of 8 million of its Class A Common Units that priced on March 10, 2015, for net proceeds of approximately $288.6 million after deducting underwriting discounts and
Enbridge Inc. (ticker: ENB), the operator of the world’s longest crude oil transportation system, today announced a 33% increase to its next quarterly common share dividend, as well as a Canadian restructuring plan and corresponding new dividend payout policy range. These actions are intended to enhance the value to investors of the company’s organic growth capital program and enhance the
