Enbridge(US:ENB) ZACKS·2025-02-17 13:31Core Insights - Enbridge Inc. reported fourth-quarter 2024 adjusted earnings per share (EPS) of 53 cents, exceeding the Zacks Consensus Estimate of 52 cents and up from 47 cents in the same quarter last year [1] - Total quarterly revenues reached $11.6 billion, a significant increase from $8.4 billion in the prior-year quarter, also surpassing the Zacks Consensus Estimate of $4.8 billion [1][2] Financial Performance - The strong quarterly results were driven by higher Adjusted EBITDA contributions from major business segments including Liquids Pipelines, Gas Transmission, and Gas Distribution and Storage [2] - Liquids Pipelines segment reported adjusted EBITDA of C$2.4 billion, slightly up from C$2.37 billion year-over-year, supported by contributions from the Mainline System and Regional Oil Sands System [4] - Gas Transmission segment's adjusted earnings totaled C$1.27 billion, an increase from C$1.08 billion in the previous year, aided by higher contributions from the U.S. gas transmission segment [5] - Gas Distribution and Storage segment generated a profit of C$1,015 million, up from C$519 million, primarily due to increased contributions from U.S. Gas Utilities [6] - Renewable Power Generation segment recorded earnings of C$308 million, up from C$141 million [6] - Distributable Cash Flow (DCF) for the quarter was C$3.07 billion, an increase from C$2.73 billion a year ago [7] Balance Sheet - At the end of the fourth quarter, Enbridge reported long-term debt of C$93.4 billion and cash and cash equivalents of C$1.8 billion, with a current portion of long-term debt at C$7.7 billion [8] Outlook - For 2025, the company forecasts adjusted EBITDA (on base business) to be in the range of $19.4-$20.0 billion and DCF per share to be between $5.50-$5.90 [9] - Enbridge reaffirmed its near-term growth outlook for 2023 to 2026, projecting a 7-9% growth for adjusted EBITDA and 3% for DCF per share [9]