By Paulo Trevisani

Enbridge Inc. said Friday a weaker U.S. dollar versus the Canadian dollar is expected to continue to have an effect on its results.

The Calgary, Alberta, provider of gas and oil said that adjusted EBITDA in the third quarter increased by $272 million from a year earlier, with a negative effect from a weaker U.S. dollar.

Enbridge said the average CAD-to-USD exchange rate in the third quarter fell approximately 5% in 2021 from a year earlier, to $1.26.

The company said that, in its Energy Services segment, eliminations and other adjusted EBITDA increased $94 million in the third quarter compared with a loss a year earlier, due to foreign exchange gains resulting of a weakening U.S. currency.

The company reported average exchange rate of $1.26 for the third quarter of 2021 compared with a hedge rate of $1.32 for the third quarter of 2021.

Positive operating factors "have been, and are expected to continue to be, impacted by a weaker USD currency (net of foreign exchange hedges)," among other factors, Enbridge said.

Write to Paulo Trevisani at paulo.trevisani@wsj.com

(END) Dow Jones Newswires

11-05-21 1428ET