Enbridge Inc. - ENB.t

Enbridge Inc. - ENB.t transports and delivers energy through pipeline networks across the continent. Enbridge operates the world's longest and most sophisticated crude oil and liquids transportation system, shipping more than 2 million barrels of crude oil and billions of cubic feet of natural gas daily.

On May 12, 2016 the company reported Numbers

(all financial figures are unaudited and in Canadian dollars unless otherwise noted)

• First quarter earnings were $1,213 million or $1.38 per common share, including the impact of a number of unusual, non-recurring or non-operating factors
  
• First quarter adjusted earnings were $663 million or $0.76 per common share
  
• First quarter adjusted earnings before interest and income taxes (EBIT) were $1,374 million
  
• First quarter available cash flow from operations (ACFFO) was $1,114 million or $1.27 per common share
  
• Enbridge continued to deliver record throughput on its liquids mainline system during the quarter
  
• The $0.9 billion Greater Toronto Area (GTA) project was completed and placed into service by Enbridge Gas Distribution Inc. (EGD)
  
• The $0.5 billion acquisition of operating natural gas processing plants and associated pipelines in the Montney region of northeastern British Columbia closed on April 1, 2016
  
• Since the beginning of 2016, approximately $2.9 billion of new common equity capital has been raised on an enterprise basis through public offerings by the Company and Enbridge Income Fund Holdings Inc. (ENF) of $2.3 billion and $0.6 billion, respectively
  
• On April 25, 2016, the National Energy Board issued its report on the Canadian portion of the Line 3 Replacement (L3R) Program, concluding that this project is in the Canadian public interest and recommending approval to the Federal Cabinet
  
• On May 10, 2016, Enbridge announced the acquisition of a 50% interest in Éolien Maritime France SAS (EMF), a French offshore wind development company
  
• Enbridge working to restart regional oil sands pipelines as risk from wildfires in northeastern Alberta moderates

Enbridge Inc. (Enbridge or the Company) (TSX:ENB)(NYSE:ENB) today reported first quarter adjusted EBIT of $1,374 million and ACFFO of $1,114 million, or $1.27 per common share. This represents a quarter-over-quarter increase in adjusted EBIT of $343 million and an increase in ACFFO per share of $0.32, or approximately 34%. The increase in quarterly EBIT and ACFFO was driven primarily by record throughput growth on the liquids mainline system and the impact of new projects coming into service in the second half of 2015. Average deliveries on the mainline system ex-Gretna and on the Lakehead Pipeline System (Lakehead System) in the first quarter of 2016 were over 2.5 million barrels per day and 2.7 million barrels per day, respectively, surpassing the record deliveries achieved in the fourth quarter of 2015.

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http://canadastockjournal.blogspot.com/2016/05/enbridge-inc-enbt.html