Pembina Pipeline Corp reports results for the quarter ended in June - Earnings Summary

Pembina Pipeline

09/08/2024 24:48

* Pembina Pipeline Corp  PPL.TO  reported quarterly adjusted
earnings of 75 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 60 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 75 cents per
share. Wall Street expected results to range from 68 cents to 83
cents per share.
    * Revenue fell 10.4% to C$1.86 billion from a year ago. 
    * Pembina Pipeline Corp's reported EPS for the quarter was
75
cents​.
    * The company reported quarterly net income of C$471
million.
    * Pembina Pipeline Corp shares had risen by 3.8% this
quarter and
gained 15.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.6%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
transportation services peer group is also "buy"

Wall Street's median 12-month price target for Pembina Pipeline
Corp is C$56.00 
This summary was machine generated from LSEG data August 8 at
11:48 p.m. UTC. ​All figures in Canadian dollars unless
otherwise stated. (For questions concerning the data in this
report, contact Estimates.Support@lseg.com. For any other
questions or feedback, contact
RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      1.26           1.64           Beat
 Mar. 31 2024      1.78           0.79           Missed
 Dec. 31 2023      1.34           1.60           Beat
 Sep. 30 2023      1.15           1.17           Beat