Q: Thoughts on the quarter please?
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5i Research Answer:
EPS of 64c missed estimates of 67c; EBITDA guidance of $16.6B to $17.2B missed estimates of $17.3B. ENB sees cash flow of $5.40 to $5.80 per share. The dividend was raised 3.1%. 4Q EBITDA rose 5%. Distributable cash rose 2.6%. Guidance on other metrics was affirmed. We would consider the quater decent, not great.