Enbridge Turns To Profit In Q1

Enbridge Inc. (ENB.TO,ENB) reported a first quarter GAAP earnings of C$1.9 billion or C$0.94 per share, compared to a GAAP loss of C$1.4 billion or C$0.71 per share in 2020.

Adjusted earnings of C$1.6 billion or C$0.81 per share, compared to C$1.7 billion or C$0.83 per share in 2020.

The company reaffirmed 2021 full year guidance range of EBITDA of C$13.9 billion to C$14.3 billion and DCF per share of C$4.70 to C$5.00.

The company continues to expect full year 2021 EBITDA and DCF within the previously provided guidance range of $13.9 to $14.3 billion and $4.70 to $5.00 per share, respectively.

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