Enbridge (ENB) Misses Q4 Earnings Estimates, Hikes Dividend
Enbridge(US:ENB) Zacks Investment Research·2024-02-12 18:25Enbridge Inc. (ENB) reported fourth-quarter 2023 adjusted earnings per share of 47 cents, which missed the Zacks Consensus Estimate of 50 cents. However, the bottom line increased from the year-ago quarter’s 46 cents.Total quarterly revenues of $8.4 billion decreased from $9.9 billion in the prior-year quarter. The top line also missed the Zacks Consensus Estimate of $9.6 billion.Lower-than-expected quarterly earnings resulted from reduced contributions from the U.S. Gas Transmission and Midstream segments. ...