Company: ENBSF
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000895728-25-000012
Chunk: 32

Company: ENBRIDGE INC
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 1
Chunk 32
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 Distribution and StorageRenewable Power GenerationTotal Reportable Segments(millions of Canadian dollars)     Operating revenues16,882 1,572 2,131 131 10,716 Commodity and gas distribution costs(3,635)(47)(1,004)(3)(4,689)Operating and administrative(1,107)(561)(379)(69)(2,116)Income from equity investments253 265 — 181 699 Other income11 36 17 17 81 Earnings before interest, income taxes and depreciation and amortization2,404 1,265 765 257 4,691 Eliminations and Other(642)Depreciation and amortization(1,193)Interest expense    (905)Earnings before income taxes    1,951  1Refer to Note 3 - Revenue for a reconciliation of segment Operating revenues to the Consolidated Statements of Earnings.

14

Capital Expenditures1Three months ended March 31,20252024(millions of Canadian dollars)Liquids Pipelines309 289 Gas Transmission604 495 Gas Distribution and Storage661 304 Renewable Power Generation145 69 Eliminations and Other35 43  1,754 1,200 1Includes the equity component of the allowance for funds used during construction.Property, Plant and EquipmentMarch 31, 2025December 31, 2024(millions of Canadian dollars)  Liquids Pipelines53,693 53,863 Gas Transmission34,940 34,683 Gas Distribution and Storage38,909 38,636 Renewable Power Generation3,720 3,612 Eliminations and Other321 310  131,583 131,104 

5.  EARNINGS PER COMMON SHARE AND DIVIDENDS PER SHARE

BASICEarnings per common share is calculated by dividing earnings attributable to common shareholders by the weighted average number of common shares outstanding.DILUTEDThe treasury stock method is used to determine the dilutive impact of stock options and share-settled RSUs. This method assumes any proceeds from the exercise of stock options and vesting of share-settled RSUs would be used to purchase common shares at the average market price during the period.Weighted average shares outstanding used to calculate basic and diluted earnings per common share are as follows:Three months endedMarch 31, 20252024(number of shares