Pembina Pipeline Corp. ( (PBA) ) has released its Q3 earnings. Here is a breakdown of the information Pembina Pipeline Corp. presented to its investors.
Pembina Pipeline Corporation is a leading energy transportation and midstream service provider with an integrated network of pipelines and facilities serving North America’s energy industry for 70 years.
In the third quarter of 2024, Pembina Pipeline Corporation reported significant financial growth, highlighted by the completion of strategic acquisitions and increased volumes. The company achieved a notable increase in revenue and earnings, driven mainly by recent acquisitions and operational improvements.
Key financial metrics showed an increase in revenue to $1,844 million, net revenue rose to $1,259 million, and earnings per share increased to $0.60. The acquisition of Enbridge’s interests in Alliance and Aux Sable contributed to higher net revenue and operational consolidation, while the Cedar LNG project saw a positive investment decision.
Operating expenses increased due to the consolidation of new assets and higher spending on pipeline integrity. Despite this, cash flow from operating activities grew significantly, indicating strong operational performance.
Looking ahead, Pembina’s management remains focused on leveraging its assets to expand its service offerings and respond to the energy transition towards a lower-carbon economy, ensuring sustainable growth and resilience.
