Speaking from Battle Creek yesterday where he was involved in coordinating the emergency response to an oil spill that has contaminated an estimated 35 miles of the Kalamazoo River, Enbridge CEO Pat Daniel told analysts that the company is on track to meet its financial goals despite $900,000 in cleanup costs this quarter for an oil spill that impacted a creek in Virden, Manitoba.

The Calgary Herald reports:

Adjusted profit, which excludes most one-time items, rose to $232 million, or 63 Canadian cents a share, from $195 million, or 54 cents a share. The adjusted results exceeded the average analyst forecast of 58 cents, according to Thomson Reuters. Revenue rose 22 per cent to $3.51 billion.

Enbridge is Canada’s second largest pipeline operator and its profitability this quarter was boosted by its U.S. subsidiary, Enbridge Energy Partners, which is expanding its investments in shale gas — unconventional natural gas deposits that are recovered through a controversial procedure known as hydrofracking.