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Enbridge Q4 Earnings Beat Estimates, Revenues Increase Y/Y
ENBEnbridge(ENB) ZACKS·2025-02-17 13:31

Core 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 11.6billion,asignificantincreasefrom11.6 billion, a significant increase from 8.4 billion in the prior-year quarter, also surpassing the Zacks Consensus Estimate of 4.8billion[1][2]FinancialPerformance−ThestrongquarterlyresultsweredrivenbyhigherAdjustedEBITDAcontributionsfrommajorbusinesssegmentsincludingLiquidsPipelines,GasTransmission,andGasDistributionandStorage[2]−LiquidsPipelinessegmentreportedadjustedEBITDAofC4.8 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 C2.4 billion, slightly up from C2.37billionyear−over−year,supportedbycontributionsfromtheMainlineSystemandRegionalOilSandsSystem[4]−GasTransmissionsegment′sadjustedearningstotaledC2.37 billion year-over-year, supported by contributions from the Mainline System and Regional Oil Sands System [4] - Gas Transmission segment's adjusted earnings totaled C1.27 billion, an increase from C1.08billioninthepreviousyear,aidedbyhighercontributionsfromtheU.S.gastransmissionsegment[5]−GasDistributionandStoragesegmentgeneratedaprofitofC1.08 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 C1,015 million, up from C519million,primarilyduetoincreasedcontributionsfromU.S.GasUtilities[6]−RenewablePowerGenerationsegmentrecordedearningsofC519 million, primarily due to increased contributions from U.S. Gas Utilities [6] - Renewable Power Generation segment recorded earnings of C308 million, up from C141million[6]−DistributableCashFlow(DCF)forthequarterwasC141 million [6] - Distributable Cash Flow (DCF) for the quarter was C3.07 billion, an increase from C2.73billionayearago[7]BalanceSheet−Attheendofthefourthquarter,Enbridgereportedlong−termdebtofC2.73 billion a year ago [7] Balance Sheet - At the end of the fourth quarter, Enbridge reported long-term debt of C93.4 billion and cash and cash equivalents of C1.8billion,withacurrentportionoflong−termdebtatC1.8 billion, with a current portion of long-term debt at C7.7 billion [8] Outlook - For 2025, the company forecasts adjusted EBITDA (on base business) to be in the range of 19.4−19.4-20.0 billion and DCF per share to be between 5.50−5.50-5.90 [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]