Company: ENBSF
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000895728-25-000006
Chunk: 163

Company: ENBRIDGE INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 163
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 or damages to property, environmental liabilities, and litigation and contingent liabilities. We may indemnify third parties for certain liabilities relating to environmental matters arising from operations prior to the purchase or transfer of certain assets and interests. Similarly, we may indemnify the purchaser of assets for certain tax liabilities incurred while we owned the assets, a misrepresentation related to taxes that result in a loss to the purchaser or other certain tax liabilities related to those assets.The likelihood of having to perform under these guarantees and indemnifications is largely dependent upon future operations of various subsidiaries, investees and other third parties, or the occurrence of certain future events. We cannot reasonably estimate the total maximum potential amounts that could become payable to third parties and affiliates under such agreements described above; however, historically, we have not made any significant payments under guarantee or indemnification provisions. While these agreements may specify a maximum potential exposure, or a specified duration to the guarantee or indemnification obligation, there are circumstances where the amount and duration are unlimited. As at December 31, 2024, guarantees and indemnifications have not had, and are not reasonably likely to have, a material effect on our financial condition, changes in financial condition, earnings, liquidity, capital expenditures or capital resources.

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32.  QUARTERLY FINANCIAL DATA (UNAUDITED)

Q1Q2Q3Q4Total(unaudited; millions of Canadian dollars, except per share amounts)2024Operating revenues11,038 11,336 14,882 16,217 53,473 Operating income2,711 2,273 2,218 2,447 9,649 Earnings1,565 2,001 1,447 618 5,631 Earnings attributable to controlling interests1,512 1,943 1,391 595 5,441 Earnings attributable to common shareholders1,419 1,848 1,293 493 5,053 Earnings per common shareBasic0.67 0.86 0.59 0.23 2.34 Diluted0.67 0.86 0.59 0.23 2.34 2023Operating revenues12,075 10,432 9,844 11,298 43,649 Operating income2,662 2,350 1,794 1,845 8,651 Earnings1,866 2,001 623 1,