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Enbridge Reports $1.4B Q2 Profit and Backs Gas Transmission Expansions

Enbridge logoEnbridge
Sig3.42Sen+1.28Env-3.12Soc+0.74Gov+0.46

Enbridge, speaking with analysts after reporting second-quarter results, said interest is exceeding expectations for its proposed Project Beacon gas transmission expansion and described growing gas-demand drivers across its footprint. The company also highlighted it broke ground on a $4 billion natural gas pipeline expansion in British Columbia. Q2 profit attributable to common shareholders was $1.4 billion, down from $2.18 billion a year earlier.

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