Enbridge Expects Its Core Profit to Rise in 2025

Canada’s pipeline giant Enbridge Inc. expects its core profit to be higher in 2025 compared to 2024 levels, thanks to the expected strong utilization of its assets and the contribution of recently acquired U.S. natural gas assets. Enbridge on Tuesday announced its first guidance for the core profit – or adjusted earnings before interest, income taxes, and depreciation (EBITDA) – for 2025. The guidance of adjusted EBITDA of US$13.8 billion to US$14.2 billion (C$19.4 billion to C$20.0 billion) is 17% higher than the original guidance…