Enbridge Reports 2010 Results: Another Strong Year

- February 3rd, 2011

Enbridge Inc. (TSE:ENB) announces financial figures for the year ended 2010.

Enbridge Inc. (TSX:ENB) announces financial figures for the year ended 2010.

The press release is quoted as saying:

Highlights of the same are: Fourth quarter earnings were $326 million; earnings for the full year were $963 million, fourth quarter adjusted earnings were $0.64 per common share, or $238 million, full year adjusted earnings were $2.66 per common share, a 13% increase, $6.5 billion of Liquids Pipelines and renewable energy projects brought into service during the year, in September 2010, Enbridge affiliate acquired US$700 million in gas gathering and processing assets, additional $2.2 billion of regional oil sands projects secured during the year, bringing total to $2.6 billion under development, $400 million of additional investments in solar energy, Gulf of Mexico gas infrastructure and Quebec gas distribution recently announced, guidance for 2011 adjusted earnings of $2.75 to $2.95 per common share, and quarterly dividend increased by 15% to $0.49 per common share effective March 1, 2011.

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