Pembina Pipeline Corp (PBA) Releases Earnings Results, Misses Expectations By $-0.04 EPS

Pembina Pipeline Corp (PBA) reported quarterly earnings results on Thursday, Aug-4-2016. The company reported $0.25 earnings per share for the quarter, missing the analyst consensus estimate by $-0.04. Analysts had a consensus of $0.29. The company posted revenue of $1027.00 million in the period, compared to analysts expectations of $1405.96 million. The company’s revenue was down -15.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS.

Many Wall Street Analysts have commented on Pembina Pipeline Corp. Pembina Pipeline Corp was Downgraded by National Bank Financial to ” Sector Perform” on Jul 18, 2016. Pembina Pipeline Corp was Downgraded by Credit Suisse to ” Neutral” on Jun 20, 2016.

Pembina Pipeline Corp opened for trading at $28.61 and hit $29.04 on the upside on Tusday, eventually ending the session at $28.86, with a gain of 1.83% or 0.52 points. The heightened volatility saw the trading volume jump to 2,34,993 shares. Company has a market cap of $11,198 M.

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.

Pembina Pipeline Corp

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