{"id":632372,"date":"2026-05-09T06:11:16","date_gmt":"2026-05-09T06:11:16","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/632372\/"},"modified":"2026-05-09T06:11:16","modified_gmt":"2026-05-09T06:11:16","slug":"canadas-enbridge-beats-first-quarter-profit-estimates-on-gas-transmission-strength","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/632372\/","title":{"rendered":"Canada&#8217;s Enbridge beats first-quarter profit estimates on gas transmission strength"},"content":{"rendered":"\n<p class=\"yf-1fy9kyt\">May 8 (Reuters) &#8211; Pipeline operator Enbridge beat first-quarter adjusted \u200cprofit expectations on Friday, \u200chelped by steady gains in its gas \u200btransmission and utility businesses.<\/p>\n<p class=\"yf-1fy9kyt\">The company is benefiting from rising demand for natural gas, utility \u200cinfrastructure and \u2060power supply for data centers, allowing the company \u2060to generate steady growth even amid geopolitical tensions and \u200bcommodity price \u200bvolatility.<\/p>\n<p class=\"yf-1fy9kyt\">It reported \u200ba rise in \u200ccore profit from its gas distribution unit to C$1.7 billion, from C$1.6 billion last year.<\/p>\n<p class=\"yf-1fy9kyt\">Calgary, Alberta-based Enbridge reported adjusted \u200cprofit of 98 \u200bCanadian cents per \u200bshare \u200bfor the three months \u200cended March 31, compared \u200bwith \u200banalysts&#8217; average estimate of 94 Canadian cents, according to \u200bdata \u200ccompiled by LSEG.<\/p>\n<p class=\"yf-1fy9kyt\">(Reporting by Katha \u200bKalia in Bengaluru; Editing \u200bby Pooja Desai)<\/p>\n","protected":false},"excerpt":{"rendered":"May 8 (Reuters) &#8211; Pipeline operator Enbridge beat first-quarter adjusted \u200cprofit expectations on Friday, \u200chelped by steady gains&hellip;\n","protected":false},"author":2,"featured_media":632373,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[7258,32443,192,26862,273308,63396,79,273307,273306],"class_list":["post-632372","post","type-post","status-publish","format-standard","has-post-thumbnail","category-environment","tag-data-centers","tag-enbridge","tag-environment","tag-natural-gas","tag-power-supply","tag-profit","tag-science","tag-steady-gains","tag-utility-infrastructure"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/632372","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=632372"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/632372\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/632373"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=632372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=632372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=632372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}