Sections of the Enbridge Line 3 pipeline are seen on the construction site on the White Earth Nation Reservation near Wauburn, Minnesota, on June 5, 2021.Because these are capital-intensive companies, they are highly interest-rate-sensitive. All were hit hard by the rapid rise in rates in 2022-23 as central banks fought to tame high inflation. But now it’s a new ball game. The Bank of Canada has already cut twice, and the U.S.
Earnings attributable to shareholders came in at $1.8-billion, the same as in 2023. But on a per-share basis, they dropped a nickel to 86 cents because of the issuing of new common shares. Adjusted earnings decreased by $132-million, or 10 cents a share, compared with the same period in 2023. This was primarily the result of higher financing costs because of rising interest rates and long-term debt principal.
TRP also announced approximately $2.6-billion of divestitures as part of its $3-billion asset divestiture program. It included Canada’s largest Indigenous equity ownership agreement that will see Indigenous communities acquire a 5.34-per-cent minority interest in Nova Gas Transmission Ltd. and Foothills natural gas pipeline systems for gross proceeds of $1-billion.The company reaffirmed its projections for the year. Comparable EBITDA is expected to be $11.2-billion to $11.5-billion.
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »
Källa: YahooFinanceCA - 🏆 47. / 63 Läs mer »