Enbridge eyes booming U.S. LNG market with pipeline acquisition; profit falls short of estimates

Financial Post | Feb 14, 2020 at 12:56 PM
  • Enbridge Inc, Canada’s largest pipeline operator, posted quarterly profit below analysts’ estimates on Friday, as higher operating costs ate into the company’s earnings.
  • Adjusted earnings before income tax, depreciation and amortization (EBITDA) in its gas transmission and midstream unit decreased $4 million, partly hurt by lower gas prices and higher operating costs linked with the Texas Eastern natural gas pipeline blast in Kentucky in August.
  • NextDecade will continue to be responsible for the development, financing, construction, and operations of its Rio Grande LNG export facility.