Enbridge 3Q Profit Rises on Derivative Gains

Morningstar ·

Enbridge reported higher third-quarter profit, supported by steady distributable cash flow growth and noncash gains on financial hedging contracts.

By Adriano Marchese

Enbridge reported higher third-quarter profit, supported by steady distributable cash flow growth and noncash gains on financial hedging contracts.

The energy-infrastructure company posted on Friday a rise in net income to 1.29 billion Canadian dollars (US$920.1 million), or C$0.59 a share, up from C$682 million, or C$0.30 a share, in the comparable quarter a year earlier.

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