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    ENB   CA29250N1050

ENBRIDGE INC.

(ENB)
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Enbridge Swings to First-Quarter Profit

05/07/2021 | 05:27am EDT

By Allison Prang

Energy-infrastructure company Enbridge Inc. reported a profit for the first quarter.

The Canadian company on Friday reported a profit of 1.9 billion Canadian dollars (US$1.56 billion). A year earlier, Enbridge's loss was C$1.4 billion. Earnings were C$0.94 a share, while the loss a year earlier was C$0.71 a share. Adjusted earnings were C$0.81 a share, the company said. According to FactSet, analysts were expecting C$0.72.

The company affirmed its guidance for this year for distributable cash flow of between C$4.70 and C$5 a share and for earnings before interest, taxes, depreciation and amortization of between C$13.9 billion and C$14.3 billion.

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

(END) Dow Jones Newswires

05-07-21 0727ET

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL 0.95% 34196.82 Delayed Quote.10.68%
ENBRIDGE INC. 0.65% 49.4 Delayed Quote.21.35%
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Financials
Sales 2021 43 345 M 35 221 M 35 221 M
Net income 2021 5 532 M 4 495 M 4 495 M
Net Debt 2021 71 260 M 57 904 M 57 904 M
P/E ratio 2021 18,1x
Yield 2021 6,75%
Capitalization 100 B 81 109 M 81 313 M
EV / Sales 2021 3,95x
EV / Sales 2022 3,76x
Nbr of Employees 11 200
Free-Float 86,4%
Chart ENBRIDGE INC.
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Enbridge Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends ENBRIDGE INC.
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 25
Last Close Price 49,40 CAD
Average target price 53,14 CAD
Spread / Average Target 7,58%
EPS Revisions
Managers and Directors
Albert Monaco President, CEO & Non-Independent Director
Colin K. Gruending Chief Financial Officer & Executive Vice President
Gregory Lorne Ebel Non-Executive Chairman
Bhushan Ivaturi Chief Information Officer & Senior Vice President
Tyler W. Robinson Chief Compliance Officer & VP-Enterprise Security
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