Enbridge sees $1.8B profit in Q2 as Mainline pipeline settlement reached

Enbridge says its most recent quarter delivered a profit of $1.8 billion as it reached a settlement with shippers for tolls on its Mainline pipeline system and moved toward proceeding with its Rio Bravo pipeline project.

Fresh nuts, bolts and fittings are ready to be added to the east leg of the pipeline near St. Ignace as Enbridge prepares to test the east and west sides of the Line 5 pipeline under the Straits of Mackinac in Mackinaw City, Mich. on June 8, 2017.

The Calgary-based pipeline giant says its second-quarter profit compared with $450 million a year earlier. On an adjusted basis, Enbridge said it earned 68 cents per share, up from an adjusted profit of 67 cents per share a year earlier.

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