Enbridge Inc, Canada's largest pipeline operator, topped analysts' estimates for quarterly profit on Feb. 15, as it moved more crude oil and refined products along its pipelines.

The Calgary, Alberta-based company said it transported 2.7 million barrels per day (MMbbl/d) of crude oil on its Mainline system across Canada and the United States during the quarter, up from 2.6 MMbbl/d  in the year-ago quarter.

Enbridge has been working on replacement works on its massive Line 3 pipeline, running from Alberta to Wisconsin, to restore its capacity to 760,000 bbl/d. With timely approvals from regulators, the company expects the pipeline to be operational before the end of this year, Enbridge said in a statement. Net income attributable to common shareholders rose to $820.35 million, or 45 cents per share, in the fourth quarter ended Dec. 31, from $156  million, or 10 cents per share. On an adjusted basis, the company earned 49 cents per share. Analysts had expected 42 cents per share, according to IBES data from Refinitiv.

Onshore