Impact: Positive. ENF released its first quarter earnings of $0.57/share, ahead of both our estimate of $0.46/share and consensus of $0.54/share. The Enbridge Income Fund (owned by ENF and Enbridge Inc.) performed well with available cash flow from operations of $383 mm (FCCe: $366 mm). Reported ACFFO increased $301 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. However, earnings and ACFFO were negatively
29 Jul 2016
REPORTS 2Q16 RESULTS: EARNINGS OF $67 MM (FCCE: $49 MM)
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REPORTS 2Q16 RESULTS: EARNINGS OF $67 MM (FCCE: $49 MM)
Enbridgeome Fund (ENF:TSE) | 0 0 0.7% | Mkt Cap: 4,697m
- Published:
29 Jul 2016 -
Author:
Steven I. Paget -
Pages:
3
Impact: Positive. ENF released its first quarter earnings of $0.57/share, ahead of both our estimate of $0.46/share and consensus of $0.54/share. The Enbridge Income Fund (owned by ENF and Enbridge Inc.) performed well with available cash flow from operations of $383 mm (FCCe: $366 mm). Reported ACFFO increased $301 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. However, earnings and ACFFO were negatively