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Enbridge: 4Q Earnings Snapshot

CALGARY, Alberta (AP) _ Enbridge Inc. (ENB) on Friday reported fourth-quarter profit of $824.1 million.

The Calgary, Alberta-based company said it had net income of 45 cents per share. Earnings, adjusted for non-recurring costs, were 49 cents per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 45 cents per share.

The oil and natural gas transportation and power transmission company posted revenue of $8.75 billion in the period.

For the year, the company reported profit of $1.94 billion, or $1.13 per share. Revenue was reported as $35.78 billion.

Enbridge shares have climbed 15 percent since the beginning of the year. The stock has risen 4 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ENB at https://www.zacks.com/ap/ENB