Enbridge Inc T.ENB

Revenue Drop

[retiredengexec]

ENB financials are very short as to why the 40% drop in revenues. It looks like mainline income is down as we would expect with covid but not 40 %. Q3 financials out on Friday will shed light on mainline income. One possible explanation of the drop could be from natural gas sales.

[FreeAtFiddy]

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[Chad123]

Only in Canada eh.....

[Tommy123]

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[Abouttime1]

It wasn't that hard to look at the statements and see the reason for the 40% revenue drop and why it DOES NOT raise concern for their dividend. They have an Energy Services division that sells commodities, if revenue drops so does their cost. No effect to bottom line.

[FreeAtFiddy]

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[masfortuna]

I am not sure if you guys are just pulling our legs, but the divy has not been cut as per your 87 posts last week  alone about a divy cut  (their payout ratio is 70% at the moment) and the revs have not affected the profit so AGAIN not sure why the divy would be in danger.  That is not to say they won't cut it, but nothing would indicate that they would/should.  It almost

[Saint2709]

Sounds like shorters planting seeds of doubt doesn't it?

[masfortuna]

Yup!

[Tommy123]

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[masfortuna]

I will be the 3rd person today that is pointing out why the revs were down. They were exactly as per what the Q indicated.  Lower cost = lower revs BUT the bottom line is identical.   Hope this helps. Mas