Enbridge reports strong third quarter 2021 results, executing on business priorities

Calgary, ab, nov. 5, 2021 /prnewswire/ - enbridge inc. (enbridge or the company) (tsx: enb) (nyse: enb) today reported third quarter 2021 financial results, reaffirmed its 2021 financial outlook, and provided a quarterly business update. highlights (all financial figures are unaudited and in canadian dollars unless otherwise noted) third quarter gaap earnings of $682 million or $0.34 per common share, compared with gaap earnings of $990 million or $0.49 per common share in 2020 adjusted earnings of $1.2 billion or $0.59 per common share, compared with $1.0 billion or $0.48 per common share in 2020 adjusted earnings before interest, income taxes and depreciation and amortization (ebitda) of $3.3 billion, compared with $3.0 billion in 2020 cash provided by operating activities of $2.2 billion, compared with $2.3 billion in 2020 distributable cash flow (dcf) of $2.3 billion or $1.13 per common share, compared with $2.1 billion or $1.03 per common share in 2020 reaffirmed 2021 full year guidance range for ebitda of $13.9 billion to $14.3 billion and dcf per share of $4.70 to $5.00 completed and placed into service the u.s. line 3 replacement project ensuring safe, reliable supply of western canadian crude placed into service the expansion of southern access (line 61) increasing capacity to 1.2 million barrels per day acquired north america's premier crude export facility located near corpus christi, texas, significantly advancing enbridge's u.s. gulf coast export strategy placed the final phases of the t-south expansion and spruce ridge projects into operation, facilitating the essential supply of natural gas to meet west coast demand completed the appalachia to market and middlesex extension projects, which expand the u.s. northeast's access to reliable natural gas supply established a dedicated new energies team to advance low-carbon energy infrastructure opportunities across enbridge's four energy delivery platforms commissioned industrial scale green hydrogen blending facility to inject hydrogen into the natural gas stream for enbridge gas utility customers construction of three french offshore wind projects, representing approximately 1.4 gw of gross renewable power generation, progressing on schedule announced a partnership with vanguard renewables to build up to eight renewable natural gas (rng) facilities in the u.s. along enbridge's gas transmission systems entered into a memorandum of understanding (mou) with shell to develop north american low-carbon energy solutions, focused on hydrogen, renewables, and carbon capture completed 2021 financing requirements through issuances of $4.8 billion in the u.s. and canadian debt markets, including $1.1 billion canadian sustainability-linked bonds ceo comment al monaco, president and ceo commented on the following: "the return of energy demand growth to its pre-pandemic trend, coupled with underinvestment in conventional energy and the recent rise in global energy prices, underscores the criticality of affordable, reliable and secure energy supply for consumers and our social well-being.
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