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The decline in core system productivity hurt Enbridge (ENB) earnings in the third quarter
A few companies listed on the stock exchange performed better than the rest in the third quarter and the momentum is likely to continue
I see three strong growth drivers that could support the recovery of Enbridge shares and boost shareholder returns
Enbridge Inc has become the largest company in the North American petroleum industry to set a goal of eliminating all net emissions from its operations by 2050, joining with leading European producers to provide climate-conscious investors with a plan to fight global warming
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CALGARY - Enbridge Inc says it earned $ 990 million in its most recent quarter, up from $ 949 million in the same quarter last year The pipeline company says profit rose to 49 cents per share for the quarter ended in Sept. 30, up from 47 cents per share a year earlier On an adjusted basis, Enbridge says it earned $ 961 million or 48 cents per share for the quarter, down from adjusted earnings of $ 112 billion or 56 cents per share a year earlier Analysts on average expected earnings of 53 cents per share, according to financial data firm Refinitiv In its outlook, Enbridge says it expects its cash flow Distributable cash per share is near the midpoint of its initial $ 4 range$ 50 to $ 480 He says outlook reflects strong performance in the first nine months of the year, cost savings, as well as some offsetting headwinds anticipated in the fourth quarterThis report by The Canadian Press was first published on November 6, 2020 Companies in this story: (TSX: ENB) The Canadian Press
CALGARY, AB, Nov Jan.6, 2020 / PRNewswire / - Enbridge Inc (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) today reported strong financial results for the third quarter of 2020