Enbridge president and CEO Al Monaco prepares to address the company's annual meeting in Calgary, Wednesday, May 8, 2019.
The Calgary-based energy company says it earned $450 million or 22 cents per share in its second quarter, compared with $1.39 billion or 69 cents per share a year earlier. Revenue in the three months ended June 30 was $13.22 billion, compared with $10.95 billion in the prior year quarter. It says strong operational performance is expected to be offset by challenging market conditions affecting energy services and higher financing costs due to rising interest rates.
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