Pembina Pipeline (PBA) Tops Q1 EPS by 7c, Revenues Beat

Pembina Pipeline (NYSE: PBA) reported Q1 EPS of $0.51, $0.07 better than the analyst estimate of $0.44. Revenue for the quarter came in at $2.05 billion versus the consensus estimate of $1.63 billion.

Pembina is grateful for the support it has received from multiple levels of government in the development of this project:

"With our partners at Pembina, we've been able to move forward together," said Mayor Lee Brain, City of Prince Rupert. "Working closely together over six years, we've been able to bring Watson Island back into operation."

"Pembina's propane export terminal in the Prince Rupert area is a welcome investment in our province" said The Honourable Bruce Ralston, Minister of Energy, Mines and Low Carbon Innovation, British Columbia. Minister Ralston added, "I am glad to see companies like Pembina finding ways to repurpose land to deliver sustainable development solutions. The project is creating local jobs and enhancing partnerships in the North Coast that will benefit local and Indigenous communities for decades to come."

For earnings history and earnings-related data on Pembina Pipeline (PBA) click here.

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