Impact: Neutral. Adjusted EPS of $0.50/share was in line with street expectations of $0.50/share (FCC $0.44/share). Enbridge showed a y/y improvement of $40 mm for adjusted EBIT. Throughput volumes and EBIT were impacted in 2Q16 by the wildfires in northeastern Alberta, which curtailed production from the oil sands. The liquids mainline system is expected to return back to anticipated throughput levels in the third quarter. Despite the unexpected interruption of oil sands production, Enbridge
29 Jul 2016
REPORTS 2Q16: ADJ EPS $0.50 (FCCE: $0.44; STREET: $0.51)
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REPORTS 2Q16: ADJ EPS $0.50 (FCCE: $0.44; STREET: $0.51)
Enbridge Inc. (0KTI:LON) | 0 0 0.9% | Mkt Cap: 73,275m
- Published:
29 Jul 2016 -
Author:
Steven I. Paget -
Pages:
3
Impact: Neutral. Adjusted EPS of $0.50/share was in line with street expectations of $0.50/share (FCC $0.44/share). Enbridge showed a y/y improvement of $40 mm for adjusted EBIT. Throughput volumes and EBIT were impacted in 2Q16 by the wildfires in northeastern Alberta, which curtailed production from the oil sands. The liquids mainline system is expected to return back to anticipated throughput levels in the third quarter. Despite the unexpected interruption of oil sands production, Enbridge