{"id":6841,"date":"2023-08-04T12:17:45","date_gmt":"2023-08-04T12:17:45","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=6841"},"modified":"2023-08-04T12:17:47","modified_gmt":"2023-08-04T12:17:47","slug":"canada-pipeline-operator-enbridges-quarterly-profit-rises-on-strong-volumes","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/6841\/","title":{"rendered":"Canada pipeline operator Enbridge&#8217;s quarterly profit rises on strong volumes"},"content":{"rendered":"<div class=\"entry-content\" itemprop=\"description\">\n<p>According to Roydad Naft News Agency &#8211; Canadian pipeline operator Enbridge Inc reported a rise in second-quarter profit on Friday as delivery volumes were lifted by oil and gas companies boosting production to take advantage of steady commodity prices.<\/p>\n\n\n\n<p>The company&#8217;s U.S.-listed shares rose 1.2% to $36.41 in premarket trading.<\/p>\n\n\n\n<p>Enbridge&#8217;s Mainline system, which ships the bulk of Canadian crude to the United States, transported 3 million barrels per day (bpd) in the second quarter, compared with 2.8 million bpd a year earlier.<\/p>\n\n\n\n<p>The Mainline system earned C$1.45 billion in the quarter, up 19% from last year.<\/p>\n\n\n\n<p>The system saw record volumes in the quarter, Chief Executive Greg Ebel said in a statement.<\/p>\n\n\n\n<p>The company reaffirmed its 2023 core earnings guidance, and posted adjusted earnings of 68 Canadian cents, in line with analysts&#8217; average expectations, according to data from Refinitiv.<\/p>\n\n\n\n<p>Gains from a favorable dollar exchange rate was partially offset by higher power costs, the company said.<\/p>\n\n\n\n<p>The Calgary, Alberta-based company reported net income of C$1.8 billion ($1.35 billion), or 91 Canadian cents per share, for the quarter ended June 30, compared with C$450 million, or 22 Canadian cents per share, in the same period last year.<\/p>\n\n\n\n<p>($1 = 1.3371 Canadian dollars)<\/p>\n<div class=\"post-date no-social-btn post-updated\">Updated on<time class=\"updated dt-updated\" itemprop=\"dateModified\" datetime=\"2023-08-04T12:17:47+00:00\"> 4 August 2023<\/time><\/div><\/div>","protected":false},"excerpt":{"rendered":"According to Roydad Naft News Agency &#8211; Canadian pipeline operator Enbridge Inc reported a rise in second-quarter profit on Friday as delivery volumes were lifted by oil and gas companies boosting production to take advantage of steady commodity prices. The company&#8217;s U.S.-listed shares rose 1.2% to $36.41 in premarket trading. Enbridge&#8217;s Mainline system, which ships [&hellip;]","protected":false},"author":1,"featured_media":6842,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[17,36,19,16,35],"tags":[],"services":[],"class_list":["post-6841","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-lastnews","category-news","category-oil","category-topnews"],"_links":{"self":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/6841","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/comments?post=6841"}],"version-history":[{"count":0,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/6841\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/media\/6842"}],"wp:attachment":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/media?parent=6841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/categories?post=6841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/tags?post=6841"},{"taxonomy":"services","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/services?post=6841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}