How did ENB's Q1 2024 forecast compare to past quarters?

Enbridge's (ENB) Q1 2024 financial performance showed a decline in net income and revenue compared to the previous quarter (Q4 2023), but a slight increase in diluted EPS:

1. **Net Income Comparison**:
- Q1 2024 Net Income: $1.51 billion.
- Q4 2023 Net Income: $1.53 billion.
- Q3 2023 Net Income: $1.52 billion.
- Q2 2023 Net Income: $1.55 billion.
- The decline in net income from Q4 2023 to Q1 2024 is consistent with the trend observed from the previous quarter, indicating a potential seasonal or operational fluctuation.
2. **Revenue Comparison**:
- Q1 2024 Total Revenue: $7.88 billion.
- Q4 2023 Total Revenue: $7.85 billion.
- Q3 2023 Total Revenue: $7.82 billion.
- Q2 2023 Total Revenue: $7.79 billion.
- The increase in revenue from Q3 2023 to Q1 2024 suggests a positive market response or operational improvement, despite the overall trend showing a slight decline from the previous quarter.
3. **Diluted EPS Comparison**:
- Q1 2024 Diluted EPS: $0.69.
- Q4 2023 Diluted EPS: $0.68.
- Q3 2023 Diluted EPS: $0.67.
- Q2 2023 Diluted EPS: $0.66.
- The slight increase in diluted EPS from Q4 2023 to Q1 2024 indicates a potential improvement in profitability per share, which is a positive signal for shareholders.

In conclusion, while Enbridge's Q1 2024 financial performance showed a decline in net income compared to the previous quarter, there was a slight increase in revenue and diluted EPS, suggesting that the company is managing to maintain profitability and respond positively to market conditions.

|code|Ticker|Name|Date|Total Revenue|Net Income|Diluted EPS|market_code|
|---|---|---|---|---|---|---|---|
|ENB|ENB.N|Enbridge|2023 Q2|7.8839177568E9|1.51224304365E9|0.6877267215|169|
|ENB|ENB.N|Enbridge|2023 Q3|7.27299595788E9|4.6028814321E8|0.1920945702|169|
|ENB|ENB.N|Enbridge|2023 Q4|8.55779426502E9|1.18769883232E9||169|
|ENB|ENB.N|Enbridge|2024 Q1|8.15214183272E9|1.1558345686E9|0.4948301348|169|