Enbridge beats first-quarter profit estimates

Enbridge beat first-quarter profit expectations as robust power demand boosted volumes of gas and liquids transported through its pipeline systems. The update points to stronger underlying throughput and supportive fundamentals for the operator’s core midstream business. The news is modestly positive for Enbridge shares, though it is unlikely to have broad market impact.

Analysis

Enbridge beat first-quarter profit expectations as robust power demand boosted volumes of gas and liquids transported through its pipeline systems. The update points to stronger underlying throughput and supportive fundamentals for the operator’s core midstream business. The news is modestly positive for Enbridge shares, though it is unlikely to have broad market impact.