How Enbridge Inc Makes Most of Its Money
Enbridge (NYSE: ENB) is the largest energy infrastructure company in North America. It operates a diverse set of businesses including oil and gas pipelines, utilities, renewable power plants, and a whole host of other assets. That said, despite the diversity of its asset base, at its core Enbridge is an oil pipeline company, which is how it makes most of its money. Here's a closer look at that segment and what to expect from it in the future.
Last year Enbridge generated 7.5 billion Canadian dollars ($5.9 billion) in earnings before interest and taxes (EBIT) on a pro forma basis that includes the recently closed acquisition of Spectra Energy. Of that amount, 50% came from its liquids pipelines segment. That percentage had been over 75% as recently as 2015, but has come down thanks to the addition of the gas-focused Spectra to its portfolio.
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Source: Fool.com
