Enbridge posted a rise in third-quarter profit on Friday, helped by higher income from its natural gas businesses.
Increasing natural gas consumption and investments in power infrastructure needed to support data centers have boosted growth opportunities for pipeline operators such as Enbridge, whose regulated and contracted assets provide relatively stable earnings.
Enbridge reported adjusted core profit of C$1.43 billion from its gas transmission unit, up from C$1.26 billion a year earlier.
Adjusted core profit from its gas distribution and storage unit rose to C$665 million from C$560 million.
The company reported earnings of C$1.29 billion ($918.93 million), or 59 Canadian cents per share, for the quarter ended September 30, compared with C$682 million, or 30 Canadian cents per share, it posted a year earlier.
(Reporting by Sumit Saha in Bengaluru; Editing by Joyjeet Das and Tasim Zahid)