Q: What did you think of ENB earnings?
5i Research Answer:
EPS of 75c matched estimates; Revenue of $16B beat estimates handily. EBITDA of $5.13B beat estimates by 6%. 2025 EBITDA forecast was affirmed. Distributable cash flow for 2025 should be $5.50 to $5.90. EBITDA rose 25% in the Q4. Distributable cash flow rose 13%. It is selling off a bit on news but we no major concerns here. ENB did say the scrapped Northern Gateway Pipeline would be very difficult to revive.