Locator: 48760ENB.
Locator: 48760AMD.
Locator: 48760JPOW.
ENB: from Charles Kennedy, Enbridge books record core earnings on power and gas demand. Link here.
Enbridge posted record core earnings, or EBITDA, for the second quarter of the year on the back of strong liquids flows through its pipelines and soaring demand for power generation and feedgas for LNG in North America.
The Canadian pipeline giant on Friday reported record adjusted EBITDA of U$3.36 billion (C$4.6 billion) for the second quarter, up by 7% from a year earlier.
The company expects to finish the year in the upper end of its adjusted EBITDA guidance range, president and CEO Greg Ebel said.
Enbridge’s adjusted earnings rose to US$1.01 billion (C$1.4 billion), or US$0.47 (C$0.65) per common share, up from US$870 million (C$1.2 billion), or US$0.42 (C$0.58), per common share for the same period of 2024.
The C$0.65 earnings per share beat the analyst consensus estimate of C$0.57.
The higher Q2 earnings that also beat Wall Street expectations were the result of strong liquids flows on the Mainline system which Enbridge operates. The pipeline system moves more than 3 million barrels a day of crude oil and liquids from Western Canada to the demand markets in the United States. In total, Enbridge moves 40% of all North American crude.
But surging power and gas demand is also contributing to higher profits.
Enbridge has recently approved the 600-MW Clear Fork solar project in Texas that will support Meta’s data center operations.
In British Columbia in Canada, Enbridge is expanding Aitken Creek—the only underground natural gas storage facility in the province. The expansion will provide enhanced flexibility for Enbridge’s LNG related customers as Canada’s first LNG export project has just started operations.
BRK: link here to Barron's. Buried in the article but caught my attention:
Profits rose about 15% at Berkshire’s railroad unit, Burlington Northern Santa Fe, to $1.5 billion, and were higher at the company’s utility unit, Berkshire Hathaway Energy. Insurance underwriting profits were lower but robust at $2 billion. Investment income rose slightly to $3.4 billion.
AMD: earnings on tap.
Ford: another recall.
From ChatGPT: Yes — it’s accurate to say Ford was already #1 in recalls among U.S. automakers, and that trend has continued in the first half of 2025.
Ford’s Recall Standing
Another Ford recall:
- 2024
- in 2024, Ford issued 67 separate recall campaigns, second only to Chrysler (72) in the number of campaigns reported. Ford ranked among the top automakers in recall volume—even in a year Tesla affected more total vehicles impacted—but Ford topped the list in recall count rather than vehicles affected.
- 2025 (to present)
- in the first half of 2025, Ford issued 88–89 recalls, breaking the prevailing record for most recalls in a single calendar year by any U.S. automaker—even before the year is over. That’s more recalls than the next five automakers combined, according to the Wall Street Journal and industry data.
- for Q1 2025 alone, Ford recalled over 1,057,000 vehicles across 35 campaigns, representing roughly 30% of all U.S. recalls in that quarter.
- Key Takeaways
- Ford ranked #1 in number of recall campaigns in 2024,
- continues to lead in 2025, where it has already surpassed previous full-year records in just six months. While Tesla often leads by total vehicles impacted, Ford leads in recall frequency and campaign count, which is precisely what forms the basis for saying Ford has the highest recall activity among the major automakers right now,
Data accuracy:
- JPow says his rate decisions are data-base. There are two big things on which folks are not commenting:
- what happens if the data is wrong?
- Exhibit A: huge revisions in the data in the most recent report;
- mainstream media provides cover for JPow suggesting that revisions are always an issue this time of year (as they are during the holidays, also); and,
- this suggests that JPow simply takes the data at face value and does not question the data itself;
- at least Trump is questioning the data, right, wrong, or indifferent.
Ukraine: now, opening attacking Russia deep inside Russia's borders, link here --
- using American and European and NATO weapons
- I'm not being hyperbolic here and I'm not a fan of memes, but how is this not WWIII, European theater?