Pembina Pipeline Q1 Earnings, Revenue Rise

MT Newswires Live
09 May

Pembina Pipeline (PBA) reported Q1 earnings late Thursday of CA$0.80 ($0.57) per diluted share, up from CA$0.73 a year earlier.

Two analysts polled by FactSet expected CA$0.82.

Revenue for the quarter ended March 31 was CA$2.28 billion, up from CA$1.54 billion a year earlier.

Three analysts surveyed by FactSet expected CA$2.34 billion.

The company increased its quarterly dividend to CA$0.71 per share, payable June 30 to holders of record June 16.

Pembina said it does not expect any material short-term impact from US energy tariffs, citing its highly contracted business model and ongoing efforts to diversify into non-US markets.

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