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Calgary-based Enbridge sees second-quarter earnings rise

In this June 29, 2018 file photo, pipeline used to carry crude oil is shown at the Superior terminal of Enbridge Energy in Superior, Wisc. THE CANADIAN PRESS/AP/Jim Mone

Enbridge Inc. says a number of unusual factors boosted its second-quarter profit to $1.74 billion, while operations also performed well amid strong demand for transporting crude oil through its pipeline systems.

Net income attributable to common shares of the Calgary-based company was 86 cents per share.

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That was up from $1.07 billion or 63 cents per share in last year’s second-quarter, which also included unusual items.

Enbridge’s adjusted earnings and revenue were also up, beating analysts’ expectations.

READ MORE: Wisconsin Native American tribe sues to have Enbridge remove Line 5 pipeline

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Adjusted earnings rose to $1.35 billion or 67 cents per share, from $1.09 billion or 65 cents per share, while revenue was $13.26 billion, up from $10.74 billion.

Analysts had estimated $11.06 billion of revenue and 59 cents per share of adjusted income, according to financial markets data firm Refini

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