trending Market Intelligence /marketintelligence/en/news-insights/trending/qyTHtjbvMUEhSrW1ZjhuKg2 content esgSubNav
Log in to other products


Looking for more?

Contact Us
In This List

Enbridge Q2 adjusted EBITDA climbs, beats expectations


Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage


COVID-19 Impact & Recovery: Energy Outlook for H2 2021


Corporate renewables market flourished in 2020 despite pandemic


Corporate Credit Risk Trends in Developing Markets: A Loss Given Default (LGD) Perspective

Enbridge Q2 adjusted EBITDA climbs, beats expectations

Enbridge Inc. on Aug. 2 reported second-quarter adjusted EBITDA of C$3.21 billion, an increase from C$3.17 billion in the prior-year quarter.

The S&P Global Market Intelligence consensus adjusted EBITDA estimate was C$3.16 billion.

Distributable cash flow in the quarter was C$2.31 billion, up from C$1.86 billion in the year-ago period. GAAP earnings attributable to common shareholders totaled C$1.74 billion, an increase from C$1.07 billion a year earlier.

The company said it will move forward with C$2 billion of new growth projects, including C$200 million worth of system modernization and reinforcement work in Ontario and its first offshore wind project in France, amounting to C$1.8 billion. The Ontario project is expected to begin service in the fourth quarter of 2020, while the Saint-Nazaire project would start service in late 2022.

Enbridge is a North American energy infrastructure company with an extensive network of crude oil, liquids and natural gas pipelines, among other assets.