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Top related persons:
Dado Ruvic - 1 Greg Ebel - 1 Ebel - 1 Arshreet Singh - 1 Rod Nickel - 1 Sriraj Kalluvila - 1 Jan Harvey - 1
Top related locs:
Calgary , Alberta Toronto Alberta Enbridge's U.S Bengaluru Winnipeg
Top related orgs:
REUTERS - 1 Enbridge - 1 TC Energy - 1 Thomson - 1

Search resuls for: "Arshreet Singh Rod Nickel"


2 mentions found


☆ Pipeline operator Enbridge boosts quarterly profit, not eyeing split
  + stars: | 2023-08-04 | by ( Arshreet Singh Rod Nickel | Arshreet Singh | Rod Nickel | ) www.reuters.com   time to read: +2 min
REUTERS/Dado Ruvic/IllustrationAug 4 (Reuters) - Canadian pipeline operator Enbridge Inc (ENB.TO) reported higher second-quarter profit on Friday due to increased oil volumes, and said it was not considering splitting its business. "I just don't see (a split) today for a company of our breadth, size and diversity, and frankly low risk diversification." The Mainline earned C$1.45 billion ($1.09 billion) in the quarter, up 19% from last year. The company reaffirmed its 2023 core earnings guidance and posted adjusted earnings of 68 Canadian cents, in line with analysts' average expectations, according to Refinitiv data. Enbridge reported net income of C$1.8 billion, or 91 Canadian cents per share, for the quarter, compared with C$450 million or 22 Canadian cents per share in the same period of last year.
Persons: Dado Ruvic, Greg Ebel, Ebel, Arshreet Singh, Rod Nickel, Sriraj Kalluvila, Jan Harvey Organizations: REUTERS, Enbridge, TC Energy, Thomson Locations: Calgary , Alberta, Toronto, Alberta, Enbridge's, U.S, Bengaluru, Winnipeg
☆ TC Energy hikes Coastal GasLink pipeline costs more than expected, shares plunge
  + stars: | 2023-02-01 | by ( Arshreet Singh Rod Nickel | Arshreet Singh | Rod Nickel | ) www.reuters.com   time to read: +2 min
Feb 1 (Reuters) - North American pipeline operator TC Energy Corp (TRP.TO) on Wednesday raised its cost estimate more than expected for completing its troubled Coastal GasLink project, sending share prices sharply lower. The company attributed the cost increase to a labor shortage, poor work by contractors and adverse weather. TC is looking to sell C$5 billion worth of assets this year to raise funds to repay debt and pay for projects including Coastal. TC Energy raised its overall 2023 capital expenditure outlook to C$11.5 billion-C$12 billion from C$9.5 billion earlier, partly due to Coastal's higher costs. An impairment will be recognized to TC Energy's equity investment in Coastal in its fourth-quarter results scheduled for Feb. 14, the company said.
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