Monday, August 4, 2025

Latest

Enbridge Ends Q2 2021 With $10.9 Billion In Revenue

Enbridge Inc. (TSX: ENB) released this morning its Q2 2021 financial results, which saw the company post $10.9 billion in revenue. This is a notable increase from Q2 2020’s revenue of $8.0 billion.

The majority of the quarterly revenue came from the company’s commodity sales, notching $6.3 billion. The other revenue streams came from transportation and other services, and gas distribution sales, contributing $3.9 billion and $737 million, respectively.

The company’s operating margin, however, dropped to 16.6% from 26.4% last year. The cost of commodities sold, $6.4 billion, came in higher than the commodity sales.

Enbridge recorded $1.4 billion in net earnings for the quarter, a decrease from last year’s $1.6 billion. This translates to $0.69 earnings per share.

The firm reiterated it is on track to meet its EBITDA guidance for 2021 of $13.9 billion to $14.3 billion. To date, it has recorded $7.4 billion EBITDA for the year.

For the six months ending June 30, 2021, the firm’s net cash from operating activities came in at $4.8 billion, down from last year’s $5.2 billion. On the other hand, its distributable cash flow for the quarter is at $2.5 billion or $1.24 per common share, marginally up from last year’s $2.4 billion. The company also maintained it is on track to meet its 2021 guidance for distributable cash flow per share of $4.70 to $5.00.

The company ended the quarter with $374 million in cash and cash equivalents, down from its December 31, 2020 balance of $452 million.

The energy firm has earmarked approximately $10 billion for expansion projects this year, including the replacement of its Line 3 pipeline, expansion of its B.C. pipeline, modernization efforts for its gas transmissions, and construction of its offshore wind projects.

Enbridge last traded at $49.45 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

San Dimas: First Majestic Silver’s Sleeper Asset

New Gold Q2 Earnings: Record Free Cash Flow

STLLR Gold: The Tower Gold PEA

Recommended

Tsunami Warnings Spread As Largest Quake Since 2011 Hits Russia

Northern Superior Intersects 1.75 g/t Gold Over 65.0 Metres At Philibert

Related News

Pembina Pipeline to Acquire Certain Enbridge Assets for $3.1 Billion

Pembina Pipeline (TSX: PPL) has announced a significant agreement with Enbridge Inc. (TSX: ENB) to...

Thursday, December 14, 2023, 08:04:10 AM

Enbridge Announces Joint Venture For Low-Carbon Hydrogen, Ammonia Production

Enbridge Inc. (TSX: ENB) announced this morning a joint venture with EnCap Flatrock Midstream portfolio...

Friday, May 6, 2022, 03:09:00 PM

Alberta Partners with Enbridge to Boost US Oil Exports

Alberta Premier Danielle Smith announced a partnership with Enbridge Inc (TSE: ENB) on Monday to...

Wednesday, January 8, 2025, 12:53:00 PM

Enbridge Meets 2021 EBITDA Guidance With $14.2 Billion

Enbridge Inc. (TSX: ENB) released this morning its Q4 and full-year 2021 financial results, which...

Friday, February 11, 2022, 11:56:00 AM

Western Canada Oil Sands Output Outstrips Pipelines Again as 2027 Crunch Looms

Western Canada’s crude output has more than doubled over the past decade—rising from roughly 2.5...

Wednesday, June 11, 2025, 07:27:36 AM