Enbridge $ENB has released its quarterly earnings. Revenue of $10.91B (+48.66% YoY) beats by $6.38B. EPS of $0.40 (-13.04% YoY) in line with estimates.
Enbridge's Q3 profit more than doubles on acquisition contributions #oott https://t.co/COjrdnMIag
Enbridge’s Q3 2024: Strong Revenue Growth Overshadowed by Mounting Acquisition and Financing Costs $ENB #earnings #oil #gas #energy https://t.co/Yg82XOwNnw via @TheDeepDive_ca https://t.co/wBf954uYxe



ConocoPhillips reported a stronger-than-expected quarterly profit for Q3 2024, with adjusted earnings per share (EPS) of $1.78, surpassing analysts' expectations of $1.64. The company also recorded an adjusted net income of $2.1 billion, exceeding the forecast of $1.95 billion. In a separate report, Enbridge announced that its Q3 2024 profit more than doubled to $1.3 billion, driven by contributions from recent acquisitions. Enbridge's revenue reached $10.91 billion, reflecting a year-over-year increase of 48.66%, which beat expectations by $6.38 billion. However, the company's EPS was $0.40, a decrease of 13.04% year-over-year, aligning with market estimates. The results highlight strong revenue growth for both companies, although Enbridge faces challenges from rising acquisition and financing costs.