Trending News: US Stocks, Dollar Sink as Trump’s Criticism of Fed Chair Worries InvestorsShell to Complete Survey at Venezuela Gas Field as License Wind-Down ApproachesAramco to Develop New Energy Vehicle Technologies With China’s BYDShree Ramkrishna Exports Celebrates 61 Years with ‘Parivarotsav 2025’ and New Solar MilestonesBrookfield’s Evren Inks 300 MW Renewable Energy Deal with NTPCRepublican Lawmakers Face Clean-Energy Conundrum as They Work on Tax BillOil Prices Begin the Week With a DipBeijing Warns Against U.S. Trade Deals That Harm Chinese InterestsTurkey Looks to Expand Oil and Gas Exploration in Its RegionENN Signs ADNOC Supply Agreement in Biggest UAE-China LNG DealLhyfe secures €149m French government grant for large-scale hydrogen projectWattPower Participates in RenewX 2025, Showcasing Advanced Renewable Energy SolutionsLEAPTING Has Successfully Completed Its Inaugural Commercial Project in the Australian MarketEU Explores Tweaking Methane Rules for US Gas to Help Trade TalksOil Falls on Signs of Progress in U.S.-Iran Talks Amid More Market StressEU Considers Lifting Methane Requirements for U.S. LNGRussia’s Economy Ministry Lowers 2025 Oil Price ForecastGUVNL Auction Winner Solarworld Energy And H.G. Infra Secure 500 MW BESS ProjectsZambia Fast-Tracks Solar Projects with 48-Hour Approval WindowVideo: Is the growth of AI set to increase the skills gap?Santosh Kumar Sarangi Takes Charge as MNRE SecretaryGerman energy firm begins SAF supply at Frankfurt AirportRussia-India Oil Shipping Rates Drop as Urals Dips Below Price CapU.S. Strike on Yemen Oil Port Kills 58, Houthis SayFrance To Slap Power Suppliers on Wrist For Doing Too MuchWhat Would a New Iran Nuclear Deal Mean for the Oil Price?Solarpedia: BIPV – Making Buildings Generate Their Own EnergyTrump Administration Kicks Off Plan for Expanded Offshore DrillingLONGi and Raystech Showcase Innovations at Solar & Storage Live 2025, Strengthen Push into Australian MarketU.S. Will Ditch Ukraine Peace Talks If Progress Isn’t Made SoonPakistan Upgrades Its Oil Reserves Estimate by 23%Iraq’s Oil Exports Dip in Q1 as Baghdad Vows Further CutsUS Oilfield Services Firms Brace for Earnings as Tariffs Cloud OutlookIndonesia Agrees to Step Up Energy Imports to Avoid TariffsChina Cuts Fuel PricesChina Halts U.S. LNG Imports Amid Tariff WarIndia Aims to Lure Foreign Nuclear Power Providers With Eased Liability LawsHidrogenii switches on hydrogen liquefaction plant in LouisianaBluPine Energy Launches Four New Skill Development Centres in Gujarat to Support Clean Energy TransitionTotalEnergies Commissions 1 MWp Solar System for Omani Integrated Logistic ServicesIRENA’s Energy Transition Assessment Charts Path for Georgia’s Renewable Energy FutureHow Low Can Oil Go? Heritage Foundation Talks to RigzonePaebbl begins on CO2 mineralisation demo plant after successful pilotAmeren Recycles Utility Poles, Reduces Landfill WasteLONGi Achieves 21st Consecutive AAA Rating, Sets New Benchmarks in Solar InnovationWhy Energy Storage Is Essential to America’s Power GridIndia’s Largest Port Operator To Acquire Major Export Terminal in AustraliaDOGE Hands US DOE The Budget Axe To Slash $10B in Clean ProjectsGuerillas Blow Up Oil Pipeline in Colombia42 Illinois Communities Move Closer to Electric Transportation with State and Ameren SupportMNRE Secretary Reviews IREDA’s Strong Growth and Strategic Role in India’s Energy TransitionVideo: “Distributors and manufacturers are wanting to adopt [e-commerce] in some capacity”UK Industry Body Invites Public to Join Live DebatesUK project to produce clean hydrogen and graphene from biogasSouth Korea to Leverage LNG and Shipbuilding in U.S. Tariff TalksOil Posts Weekly Gain on Trade Deal Hopes, New Iran SanctionsUS Judge to Decide on Starting Bid in Citgo Parent Auction Following HearingBlackRock Can Keep Big US Utility Stakes, Regulator RulesUS Drillers Add Oil and Gas Rigs for First Time in Four Weeks, Baker Hughes SaysTrump Order to Halt NY Wind Project Stuns Offshore Industry, Threatens Other ProjectsPeabody Signs Long-Term Coal Deal with Missouri Cooperative AECITrade Turmoil’s Oil Market Bite is Already Leaving Lasting Scars: Bousso California Sues to Stop Trump From Imposing Sweeping TariffsSanctioned Russian Oil Exports to China Jump as STS Transfers RiseU.S. Refining Giant Valero to Shut California RefineryCzech Republic Ends 60-Year Dependence on Russian OilMotiva Restarts Unit at Port Arthur Refinery after Lengthy OverhaulBP Loads First LNG Export Cargo From Senegal-Mauritania ProjectEquinor halts work on Empire Wind offshore project after federal government orderLatvia to open first biomethane injection point into gas networkAsian Countries Look to Buy More US Energy to Offset Trade ImbalanceWoodside Signs LNG Supply Agreements With UniperEquinor Halts Offshore Construction of Empire Wind Project in the USThe smarter the wind turbine, the stronger the gridTrump Axes Equinor Wind ProjectNew U.S. Sanctions Lift Oil Prices to a Weekly GainAsia Offers to Buy More U.S. Energy to Avoid Steep TariffsAttero and NISE Partner to Tackle India’s Emerging Solar Panel Waste ChallengePodcast: DAC – what future?Woodside signs LNG supply deal with Uniper, boosting Louisiana LNG prospectsUSA Oil, Gas Operators Encounter Avalanche of Economic Policy ChangesKey Turkish Refinery Gets Back Into Russian OilCrude Oil Gains 2% on Hopes of Tariff War TruceU.S. Slaps More Sanctions on Iran’s Oil IndustryAEME Redefines Energy Storage with ESS-SYS-100/215L-Y Battery SystemOffshore Australian carbon capture project reaches design phaseVideo: Vital technologies and education paths for the IG industryMomentum builds for marine LNG, including ship-to-ship bunkeringMOIT Sets 2025 Solar Power Price Framework, Emphasizes Regional Tariffs and Storage StandardsOPEC+ Efforts at Oil Quota Compensation Look Flimsy as EverEmpowering Ogun State: ATESS Solar Mini-Grid Brings Clean Energy to Rural NigeriaMajor U.S. Companies Urge States to Modernize Power Grid and Expand Transmission CapacityMexico Halts U.S. Fuel Imports by Truck Amid Crackdown on Illegal SalesBP Begins Loading its First LNG Cargo From Venture Global’s Calcasieu Pass PlantKinder Morgan Maintains Annual Profit Forecast on Soaring Natgas DemandLiberty Energy sees U.S. oil activity holding firm with prices above $60TerraPower begins UK design assessment processFirst main pump installed in Chinese SMRIn Quotes: Bruce Power’s James ScongackWestinghouse and McMaster deepen eVinci collaboration

Pipeline Company Enbridge Reports $493 Million Q4 Profit

Business & Policy
February 14, 2025

Enbridge Inc. reported a profit attributable to common shareholders of $493 million in its fourth quarter, down from $1.73 billion a year earlier.

The pipeline company says the profit amounted to 23 cents per share for the quarter ended Dec. 31, down from 81 cents per share in the last three months of 2023.

On an adjusted basis, Enbridge says it earned 75 cents per share in its latest quarter, up from an adjusted profit of 64 cents per share a year earlier.

Analysts on average had expected an adjusted profit of 75 cents per share, according to LSEG Data & Analytics.

Enbridge chief executive Greg Ebel says the company continues to deliver predictable results and stable returns for shareholders.

He added that impacts from proposed tariffs on U.S. energy imports are not expected to be material to Enbridge’s financial guidance.

This report by The Canadian Press was first published Feb. 14, 2025.