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Enbridge's Earnings Prove to be Completely Immune to the Market Turbulence

TheMotleyFool

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Enbridge's Earnings Prove to be Completely Immune to the Market Turbulence

While the second quarter was an abysmal one for the oil sector, it had a minimal effect on Enbridge's (NYSE: ENB) financial results thanks to its durable business model. The Canadian energy infrastructure giant remains on track to achieve its full-year forecast. Add that to its excellent financial profile and visible growth prospects, and the company's 7.4%-yielding dividend is on rock-solid ground.

Metric

Q2 2020

Source Fool.com

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