Enbridge (ENB) Q1 Earnings and Revenues Beat Estimates

Core Viewpoint - Enbridge reported quarterly earnings of $0.72 per share, exceeding the Zacks Consensus Estimate of $0.68 per share, and showing an increase from $0.68 per share a year ago [1][2] Financial Performance - The company achieved revenues of $12.89 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 35.25%, compared to $8.19 billion in the same quarter last year [3] - Enbridge has surpassed consensus revenue estimates four times over the last four quarters [3] Stock Performance - Enbridge shares have increased approximately 7.9% since the beginning of the year, while the S&P 500 has declined by 3.7% [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [7] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.46 on revenues of $9.17 billion, and for the current fiscal year, it is $2.14 on revenues of $34.06 billion [8] - The trend of estimate revisions for Enbridge is mixed, which may change following the recent earnings report [7] Industry Context - The Oil and Gas - Production and Pipelines industry is currently ranked in the bottom 31% of over 250 Zacks industries, suggesting potential challenges for stock performance [9]