sector: Utilities ·
industry: Utilities - Natural Gas ·
As of
24 Nov 2009
44.03CAD
Enbridge Inc. (Enbridge) is an energy delivery company that transports natural gas and crude oil, which are used to heat homes, power transportation systems, and provide fuel and feedstock for industries. Its activities are carried out through five business units: Liquids Pipelines, which includes the operation and construction of the Enbridge crude oil mainline system and feeder pipelines that transport crude oil and other liquid hydrocarbons; Gas Pipelines, which consists of the Company’s interests in natural gas pipelines, including Alliance Pipeline US, Vector Pipeline and Enbridge Offshore Pipelines; Sponsored Investments, which includes investments in Enbridge Income Fund (EIF) and Enbridge Energy Partners, L.P. (EEP), both managed by Enbridge; Gas Distribution and Services, which includes Enbridge Gas Distribution (EGD), Aux Sable and the Company’s commodity marketing businesses, and International, which includes the Company’s energy-delivery investment outside of North America.
BRIEF: For the nine months ended 30 September 2009, Enbridge Inc.'s revenues decreased 24% to C$9.28B. Net income applicable to Common increased 19% to C$1.25B. Revenues reflect a decrease in income from international segment. Net income was offset by decreased commodity costs, higher gross operating margins and the higher income from equity investments. The Company is engaged in Gas Distribution and services activities.
Enbridge Inc.
# 3000
425 - 1st Street S.W.
Calgary AB T2P 3L8
P: +1403.2313900
F: +1403.2313920