Previous close | 26.10 |
Open | 25.20 |
Bid | 22.00 |
Ask | 26.90 |
Strike | 60.00 |
Expiry date | 2025-01-17 |
Day's range | 26.10 - 26.10 |
Contract range | N/A |
Volume | |
Open interest | N/A |
Enbridge (ENB) delivered earnings and revenue surprises of 15.25% and 9.02%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
(Reuters) -North American pipeline operator Enbridge beat market estimates for first-quarter profit on Friday on strong demand for transporting oil. Canadian oil producers are boosting production to fill new capacity on the expanded Trans Mountain pipeline, owned by the Canadian government. The extra output benefited pipeline operators such as Enbridge in the months leading up to Trans Mountain's expanded line opening earlier in May.
Enbridge Inc. (Enbridge or the Company) (TSX: ENB) (NYSE: ENB) today reported first quarter 2024 financial results, reaffirmed its 2024 financial guidance and provided a quarterly business update.