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Enbridge Inc. Message Board

  • bluecheese4u bluecheese4u Aug 2, 2012 8:49 AM Flag

    Enbridge Reports Second Quarter Adjusted Earnings of $277 Million or $0.36 Per Common Share

    Enbridge Reports Second Quarter Adjusted Earnings of $277 Million or $0.36 Per Common Share
    August 2, 2012

    CALGARY, ALBERTA--(Marketwire - Aug. 2, 2012) -


    (all financial figures are unaudited and in Canadian dollars)

    Second quarter earnings were $11 million; six month earnings were $275 million including unrealized non-cash mark-to-market losses

    Second quarter and six months adjusted earnings increased 7% to $277 million and 11% to $653 million, respectively

    Enbridge announced $3.2 billion of additional Eastern Access and Mainline Expansion projects

    Seaway Pipeline reversal was completed providing an initial 150,000 barrels per day of crude oil transportation capacity from Cushing, Oklahoma to the United States Gulf Coast

    Enbridge continued the execution of its financing plan with the issuance of $1.06 billion in preference shares, $0.4 billion in common shares and a unique $0.1 billion "Century" bond with a term of 100 years

    Silver State North Solar Project and Greenwich Windfarm celebrated grand openings

    Enbridge responds to the National Transportation Safety Board report on the July 2010 Michigan crude oil release; and to the July 27, 2012 crude oil release in Wisconsin

    Enbridge Inc. (TSX:ENB) (NYSE:ENB) - "Over the first half of 2012, Enbridge has continued to deliver steady performance, keeping us on track with our full year adjusted earnings per share guidance range of $1.58 to $1.74," said Patrick D. Daniel, Chief Executive Officer.

    2012 results reflected unrealized non-cash mark-to-market accounting impacts related to the

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