Enbridge Inc. (ENB), an energy infrastructure company, Friday reported lower earnings for the first quarter compared to the same period last year.
Further, the company reiterated its outlook for fiscal 2026.
Quarterly earnings decreased to C$1.67 billion or C$0.77 per share from C$2.26 billion or C$1.04 per share of last year, primarily due to non-cash, unrealized changes in the value of derivative financial instruments used to manage foreign exchange, interest rate and commodity price risks.
Excluding items, earnings declined to C$2.13 billion or C$0.98 per share from C$2.24 billion or C$1.03 per share of previous year.
Looking forward to the full year, the company continues to expect adjusted EBITDA between C$20.2 billion and C$20.8 billion.
Additionally, the energy company declared a quarterly dividend of C$0.97 per share payable on June 1, to shareholders of record on May 15.
In pre-market activity, ENB shares were trading at $54.49, up 0.89% on the New York Stock Exchange.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.