Benzinga | Nov 6, 2020 07:55AM EST

Recap: Enbridge Q3 Earnings



Shares of Enbridge (NYSE:ENB) moved higher by 1.2% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were down 15.49% year over year to $0.36, which missed the estimate of $0.44.

Revenue of $6,838,000,000 decreased by 22.42% from the same period last year, which missed the estimate of $8,680,000,000.

Guidance

Enbridge hasn't issued any earnings guidance for the time being.

Enbridge hasn't issued any revenue guidance for the time being.

Price Action

Company's 52-week high was at $43.15

52-week low: $22.57

Price action over last quarter: down 10.71%

Company Overview

Enbridge is an energy generation, distribution, and transportation company in the U.S. and Canada. Its pipeline network consists of the Canadian Mainline system, regional oil sands pipelines, and natural gas pipelines. The company also owns and operates a regulated natural gas utility and Canada's largest natural gas distribution company. Additionally, Enbridge generates renewable and alternative energy with 2,000 megawatts of capacity.