Enbridge said it is positioned for growth despite a difficult macroeconomic environment, after profit fell in the second quarter.

The Canadian oil and gas infrastructure company on Friday posted a profit of 1.40 billion Canadian dollars ($1.0 billion), or C$0.64 a share, compared with C$2.18 billion, or C$1 a share, a year earlier.

Stripping out certain one-time items, adjusted per-share earnings were C$0.63, ahead of the C$0.58 anticipated by analysts, according to FactSet.

Enbridge reaffirmed its full-year guidance.

Energy markets remained volatile in recent months due to persistent supply disruption and uncertainty, Chief Executive Greg Ebel said. Despite that, there is still a need for reliable and affordable energy supply, which is allowing Enbridge to keep advancing new projects, he said.

Enbridge added C$1 billion to its backlog in the quarter, putting the total amount at C$41 billion.

"While supply disruptions persist and uncertainty continues, one thing is clear; energy security, reliability and affordability are more important than ever," Ebel said.