Adjusted EBIT was $1.1 bn and in line with both FCC’s and the Street’s estimate of $1.1 bn. As expected, throughput volumes were negatively impacted in 2Q16 by the wildfires in northeastern Alberta, which significantly curtailed production from the oil sands; as a result, EBIT was $74 mm lower than it would have been without the outages, though, still up y/y due to new projects coming on line. Enbridge has deployed $1.8 bn of its capital program so far this year, including the Tup
02 Aug 2016
Adj EPS $0.50 (FCCe: $0.44; Street: $0.51)
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Adj EPS $0.50 (FCCe: $0.44; Street: $0.51)
Enbridge Inc. (0KTI:LON) | 0 0 0.9% | Mkt Cap: 73,275m
- Published:
02 Aug 2016 -
Author:
Steven I. Paget -
Pages:
6
Adjusted EBIT was $1.1 bn and in line with both FCC’s and the Street’s estimate of $1.1 bn. As expected, throughput volumes were negatively impacted in 2Q16 by the wildfires in northeastern Alberta, which significantly curtailed production from the oil sands; as a result, EBIT was $74 mm lower than it would have been without the outages, though, still up y/y due to new projects coming on line. Enbridge has deployed $1.8 bn of its capital program so far this year, including the Tup