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Enbridge Earnings Rise With Favorable Contracting, Energy Demand
Enbridge reported a significant increase in its fourth-quarter earnings, reaching C$1.95 billion, largely due to unrealized changes in derivative financial instruments. The pipeline operator and gas utility benefited from strong energy demand, colder weather, and favorable contracting despite facing tariffs and geopolitical uncertainties. Adjusted earnings before interest, taxes, depreciation, and amortization also rose, surpassing analyst expectations.