Enbridge (ENB) Reports Q4 EPS of C$0.68

Enbridge (NYSE: ENB) reported Q4 EPS of Cdn$0.68, versus Cdn$0.56 reported last year.

FINANCIAL OUTLOOK:

• The Company reaffirms its 2022 financial guidance, announced in December, which included adjusted EBITDA between $15.0 and $15.6 billion and DCF per share between $5.20 to $5.50.
• Growth in 2022 is anticipated to be driven by an increase in Mainline volumes, which are expected to average 2.95 million barrels per day (mmbpd), full year contributions from projects placed into service during 2021, including the Line 3 Replacement Project and the acquisition of the Ingleside Energy Center and execution of our 2022 growth program, offset by ongoing weakness in Energy Services due to continued market backwardation and narrow basis.
• Enbridge increased its 2022 quarterly dividend by 3% to $0.86 ($3.44 annually) per share, commencing with the dividend payable on March 1, 2022 to shareholders of record on February 15, 2022.

For earnings history and earnings-related data on Enbridge (ENB) click here.

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