Enbridge Profit Up 23% on Crude Price Rebound; Adds New Directors to Board

Enbridge appointed former Aera Energy CEO Gaurdie Banister and Jane Rowe as directors of Enbridge, effective Nov. 4, 2021.

Reuters/Hart Energy Staff

Pipeline operator Enbridge Inc. reported a 23.2% jump in third-quarter profit on Nov. 5, boosted by a recovery in crude prices and fuel demand to pre-pandemic levels.

The Calgary-based company's adjusted earnings rose to C$1.2 billion (US$961.92 million), or 59 Canadian cents per share, in the quarter ended Sept.30, from C$961 million, or 48 Canadian cents per share, a year earlier.

Already have an account? Log In

Sign up for FREE access to view this article now!

Unlock Free Access