Enbridge beats second-quarter profit estimates on higher Mainline volumes - BNN Bloomberg
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Article Excerpt
Enbridge beat estimates for second-quarter adjusted profit on Friday, helped by higher volumes of liquids transported on its Mainline system.
Pipeline operators such as Enbridge are benefiting from increasing demand for natural gas, utility infrastructure and power supply for data centers, enabling the company to generate steady growth even amid geopolitical tensions and commodity price volatility.
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Its Mainline system, which moves nearly half of the crude in the United States, saw second-quarter adjusted core profit rise to $1.57 billion from $1.5 bil…
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