Pembina Pipeline Corp (PBA) reported quarterly earnings results on Thursday, May-5-2016. The company reported $0.23 earnings per share for the quarter, missing the analyst consensus estimate by $-0.07. Analysts had a consensus of $0.30. The company posted revenue of $1017.00 million in the period, compared to analysts expectations of $1362.34 million. The company’s revenue was down -11.9% compared to the same quarter last year.
Pembina Pipeline Corp closed down -0.31 points or -1.06% at $28.97 with 3,03,680 shares getting traded on Wednesday. Post opening the session at $29.07, the shares hit an intraday low of $28.64 and an intraday high of $29.31 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Pembina Pipeline Corporation (Pembina) is an energy transportation and service provider. The Company operates through four segments: Conventional Pipelines Oil Sands & Heavy Oil Gas Services and Midstream. Conventional Pipelines consists of the tariff-based operations of pipelines and related facilities to deliver crude oil condensate and natural gas liquids (NGL) in Alberta British Columbia Saskatchewan and North Dakota United States. Oil Sands & Heavy Oil consists of the Syncrude Horizon Nipisi and Mitsue Pipelines and the Cheecham Lateral. Gas Services consists of natural gas gathering and processing facilities including approximately 7 gas plants approximately 12 compressor stations and over 375 kilometres of gathering systems. Midstream consists of the Company’s interests in extraction and fractionation facilities terminalling and storage hub services.