logo
ENFRع
Enbridge reports Q2 profit up from last year to $2.18 billion

Enbridge reports Q2 profit up from last year to $2.18 billion

Globe and Mail2 days ago
CALGARY - Enbridge Inc. says its profits rose in the second quarter compared with last year, largely from changes in the value of derivative financial instruments. The Calgary-based energy company says earnings amounted to $2.18 billion for the quarter ending June 30, up from $1.85 billion in the same quarter last year. The company says adjusted earnings worked out to $1.42 billion for the quarter, up from $1.25 billion last year. Adjusted earnings was 65 cents per common share, compared to 58 cents per share last year. The mean analyst estimate had been for earnings of 57 cents per share, according to LSEG Data & Analytics. Chief executive Greg Ebel says steady demand and low-risk commercial frameworks have led to predictable results despite geopolitical and macroeconomic volatility. This report by The Canadian Press was first published Aug. 1, 2025. Companies in this story: (TSX:ENB)

Hashtags

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Linde plc Reports Strong Q2 2025 Financial Results
Linde plc Reports Strong Q2 2025 Financial Results

Globe and Mail

time43 minutes ago

  • Globe and Mail

Linde plc Reports Strong Q2 2025 Financial Results

Linde Plc ( (LIN)) has released its Q2 earnings. Here is a breakdown of the information Linde Plc presented to its investors. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Linde plc is a leading global industrial gases and engineering company, providing high-quality solutions across various sectors, including chemicals, electronics, and healthcare, with a strong focus on sustainability and innovation. In its second-quarter 2025 earnings report, Linde plc announced a solid financial performance with a notable increase in sales and operating profit, despite challenges in the industrial economy. The company continues to demonstrate resilience and strategic growth in key markets. Key highlights from the report include a 3% year-over-year increase in sales to $8.5 billion and a 6% rise in adjusted operating profit to $2.6 billion. The operating profit margin improved to 30.1%, and the adjusted earnings per share grew by 6% to $4.09. Linde also reported a significant increase in operating cash flow, up 15% from the previous year, and returned $1.8 billion to shareholders through dividends and stock repurchases. The company remains optimistic about its future, with a robust project backlog of $7.1 billion, including new agreements in the clean energy sector. Linde's management maintains a cautious outlook for the second half of 2025, focusing on long-term shareholder value and continued growth in strategic markets. Looking ahead, Linde expects adjusted earnings per share to grow by 5% to 6% for the full year 2025, supported by capital expenditures aimed at sustaining growth and fulfilling its extensive project backlog.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store