Pipeline operator Enbridge beats profit estimates on North America oil demand

to fill new capacity on the expanded Trans Mountain pipeline, owned by the Canadian government. The extra output benefited pipeline operators such as Enbridge in the months leading up to Trans Mountain'sAdjusted core profit at the company's liquids pipelines segment rose to C$2.46 billion from C$2.34 billion last year.

The company is discussing expanding the Mainline with shippers and could boost capacity by 100,000 bpd in the next two years, Colin Gruending, Enbridge's executive vice-president of liquids said. He added that Trans Mountain's startup has had little impact on Enbridge's volumes so far. The company, which transports nearly a fifth of the natural gas consumed in the U.S., said adjusted core earnings from its gas transmission segment rose 7.1% to C$1.27 billion.

Source: News Formal (newsformal.com)

RULES:RESULTS REPI:GAS BACT BIZ BLR CMPNY COM ENER ENFF ENG ENQSVC ENR NGS NRG OGTR OGTR1 OILG PUBL RES RESF AMERS CA NAMER MTPIX PXP TOPNWS HOT STX CPROD GASU TOPCMB UTIL XPAND US

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