Feb 14 (Reuters) - Pipeline operator Enbridge (ENB.TO) , opens new tab on Friday reported a rise in its adjusted profit for the fourth quarter, on higher Mainline tolls and lower power costs.

The company posted an adjusted profit of C$5.13 billion ($3.62 billion) for the quarter ended December 31, up from C$4.1 billion a year earlier.

U.S. crude oil production fell only marginally in November from a monthly record high of 13.436 million barrels per day in October, the U.S. Energy Information Administration said in its Petroleum Supply Monthly report in January, boosting flows of crude through pipelines.

The Mainline is North America's largest crude oil pipeline network. It transports light and heavy crude oil, natural gas liquids, and refined products from Edmonton, Alberta to various markets in Canada and the U.S. Midwest.

Enbridge moves about 40% of crude oil produced in North America.

Adjusted core profit from its Mainline system rose 3% to C$1.34 billion.

Enbridge also increased its 2025 quarterly dividend by 3%.

"Impacts from proposed tariffs on U.S. energy imports are not expected to be material to Enbridge's financial guidance," CEO Greg Ebel said.

The company posted an adjusted profit of 75 Canadian cents, in line with analysts' average estimates, according to data compiled by LSEG.

($1 = 1.4185 Canadian dollars)

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https://www.reuters.com/business/energy/enbridge-reports-higher-fourth-quarter-adjusted-profit-2025-02-14/