{"id":8854,"date":"2018-05-10T07:31:50","date_gmt":"2018-05-10T11:31:50","guid":{"rendered":"http:\/\/lifeinsurance-orleans.ca\/Life-Insurance-Blog\/?guid=74da09828702fd0a5fadacc0b577cdae"},"modified":"2018-05-10T07:31:50","modified_gmt":"2018-05-10T11:31:50","slug":"enbridge-q1-profit-hurt-by-one-time-charges-adjusted-profit-grows","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2018\/05\/10\/enbridge-q1-profit-hurt-by-one-time-charges-adjusted-profit-grows\/","title":{"rendered":"Enbridge Q1 profit hurt by one-time charges, adjusted profit grows"},"content":{"rendered":"<p>CALGARY &#8212; Enbridge Inc. reported its first-quarter profit fell compared with a year ago as it was hit by a number of one-time charges.<\/p>\n<p>The pipeline company says it earned $445 million or 26 cents per share for the three months ended March 31 compared with a profit of $638 million or 54 cents per share a year ago.<\/p>\n<p>On an adjusted basis, Enbridge says it earned $1.38 billion or 82 cents per share for the quarter compared with $657 million or 57 cents per share in the first quarter of 2017.<\/p>\n<p>Analysts had expected a profit of 66 cents per share for the quarter, according to Thomson Reuters.<\/p>\n<p>The report came a day after Enbridge announced more than $3 billion in asset sales in a pair of deals including a $1.75-billion agreement to sell a 49 per cent stake in a group of renewable power assets to the Canada Pension Plan Investment Board.<\/p>\n<p>In a separate deal, Enbridge said it will sell Midcoast Operating LP to an affiliate of private equity firm ArcLight Capital Partners LLC for about $1.44 billion.<\/p>\n<p>Companies in this story: (TSX:ENB)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CALGARY &mdash; Enbridge Inc. reported its first-quarter profit fell compared with a year ago as it was hit by a number of one-time charges. The pipeline company says it earned $445 million or 26 cents per share for the three months ended March 31 compared with a profit of $638 million or 54 cents per [&hellip;]<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/8854"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=8854"}],"version-history":[{"count":1,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/8854\/revisions"}],"predecessor-version":[{"id":8855,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/8854\/revisions\/8855"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=8854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=8854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=8854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}