Enbridge 3Q Profit Rises on Derivative Gains
Enbridge reported higher third-quarter profit, supported by steady distributable cash flow growth and noncash gains on financial hedging contracts. Net income rose to C$1.29 billion (US$920.1 million).
By Adriano MarcheseEnbridge reported higher third-quarter profit, supported by steady distributable cash flow growth and noncash gains on financial hedging contracts.The energy-infrastructure company posted on Friday a rise in net income to 1.29 billion Canadian dollars (US$920.1 million), or C$0.5…