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Income Statement (CAD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 14.9B | 31.3% |
| Gross Profit | 5.82B | 0.6% |
| Cost of Revenue | 9.07B | 65.4% |
| Operating expense | 2.28B | 1.2% |
| Net Income | 1.39B | 28.4% |
| EBITDA | 1.76B | 50.5% |
Balance Sheet (CAD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 206B | 2.2% |
| Total Liabilities | 137B | 4.6% |
| Total Equity | 65.8B | 2.1% |
| Shares Outstanding | 2.18B | 0% |
Cash Flow (CAD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 2.97B | 5.7% |
| Cash from investing | -4.69B | 36.3% |
| Cash from financing | 156M | 94.6% |
Financial Highlights for Enbridge in Q3 '24
Enbridge reported a revenue of 14.9B, which is a 31.3% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 5.82B, marking a -0.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 9.07B, a 65.4% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 2.28B, showing a -1.2% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 1.39B, showing a -28.4% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 1.76B, showing a -50.5% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Enbridge faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures. A decline in EBITDA signals potential operational challenges or increased costs.
