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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Enbridge Inc.    ENB   CA29250N1050

ENBRIDGE INC.

(ENB)
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Enbridge : 4Q Profit Declines

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02/14/2020 | 07:37am EST

By Allison Prang

 

Enbridge Inc.'s profit fell as costs increased.

Net income was C$842 million, down 29% from the comparable quarter a year ago. Earnings were C$0.37 per common share, down from C$0.60 a share.

Adjusted earnings were C$0.61 a share, down from $0.65 a share.

According to FactSet, analysts were expecting C$0.64 a share.

The company's earnings before interest, taxes, depreciation and amortization rose, but depreciation and amortization and interest expense both increased, and the company's income tax expense increased to C$433 million. It was C$60 million the comparable quarter a year earlier.

The company said it reaffirmed its outlook for 2020 DCF per share to be between C$4.50 and C$4.80. It also reaffirmed it expects DCF per share to rise between 5% to 7% long term, it said.

 

Write to Allison Prang at allison.prang@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
ENBRIDGE INC. -1.95% 54.94 Delayed Quote.8.52%
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Latest news on ENBRIDGE INC.
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More news
Financials (CAD)
Sales 2020 49 520 M
EBIT 2020 10 256 M
Net income 2020 5 522 M
Debt 2020 70 132 M
Yield 2020 5,90%
P/E ratio 2020 20,7x
P/E ratio 2021 18,9x
EV / Sales2020 3,66x
EV / Sales2021 3,58x
Capitalization 111 B
Chart ENBRIDGE INC.
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Technical analysis trends ENBRIDGE INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 57,34  CAD
Last Close Price 54,94  CAD
Spread / Highest target 18,3%
Spread / Average Target 4,37%
Spread / Lowest Target -25,4%
EPS Revisions
Managers
NameTitle
Albert Monaco President, CEO & Non-Independent Director
Gregory Lorne Ebel Chairman
Colin K. Gruending Chief Financial Officer & Executive Vice President
Bhushan Ivaturi Chief Information Officer & Senior Vice President
Charles Wayne Fischer Independent Director
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