Fri, May 9, 11:03 AM (7 days ago)
Enbridge Inc. (ENB) reported strong financial health and performance for the quarter ending March 31, 2025. Total operating revenues increased to CAD 18.5 billion, up from CAD 11.04 billion in the same period last year. Operating income rose to CAD 3.67 billion, compared to CAD 2.71 billion in 2024. Earnings attributable to common shareholders were CAD 2.26 billion, a significant increase from CAD 1.42 billion in the previous year. Diluted earnings per common share also saw a notable rise to CAD 1.03, up from CAD 0.67. The company's profit margins remained robust, with a net income margin of approximately 12.2%. Cash flow from operating activities was CAD 3.05 billion, slightly down from CAD 3.15 billion in 2024. Capital expenditures amounted to CAD 1.72 billion, reflecting ongoing investments in growth projects. Financing activities included long-term debt issuances totaling CAD 2.8 billion and repayments of CAD 2.0 billion, ensuring liquidity and financial flexibility. Enbridge's quarterly performance was driven by strong contributions from its Liquids Pipelines, Gas Transmission, and Gas Distribution segments. The company benefited from higher throughput, favorable contracting, and rate case settlements. However, it faced challenges such as higher interest expenses, depreciation, and foreign exchange losses. Looking ahead, Enbridge continues to invest in commercially secured projects, with significant capital expenditures planned for 2025. The company's liquidity position remains strong, with available credit facilities and unrestricted cash. Enbridge is well-positioned to fund its growth projects and maintain its dividend payout policy, supported by a stable business model and access to capital markets. The company's focus on energy transition and lower-carbon initiatives aligns with its long-term strategic goals.