ENF released its fourth quarter earnings of $0.54/share, ahead of our estimate of $0.40/share and ahead of consensus of $0.45/share. The Enbridge Income Fund (owned by ENF and Enbridge Inc.) performed well with available cash flow from operations of $515 mm (FCCe: $474 mm). Reported ACFFO increased $419 mm y/y, which was a result of higher operating earnings and cash flow from the assets dropped down to the Fund Group from Enbridge Inc.
12 May 2016
1Q16 EARNINGS OF $52 MM (FCCE: $39 MM)
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1Q16 EARNINGS OF $52 MM (FCCE: $39 MM)
Enbridgeome Fund (ENF:TSE) | 0 0 0.7% | Mkt Cap: 4,697m
- Published:
12 May 2016 -
Author:
Steven I. Paget -
Pages:
3
ENF released its fourth quarter earnings of $0.54/share, ahead of our estimate of $0.40/share and ahead of consensus of $0.45/share. The Enbridge Income Fund (owned by ENF and Enbridge Inc.) performed well with available cash flow from operations of $515 mm (FCCe: $474 mm). Reported ACFFO increased $419 mm y/y, which was a result of higher operating earnings and cash flow from the assets dropped down to the Fund Group from Enbridge Inc.