Pembina Pipeline Corporation reported earnings results for the third quarter and nine months ended September 30, 2024. For the third quarter, the company reported sales was CAD 1,844 million compared to CAD 1,455 million a year ago. Net income was CAD 383 million compared to CAD 346 million a year ago. Basic earnings per share from continuing operations was CAD 0.6 compared to CAD 0.58 a year ago. Diluted earnings per share from continuing operations was CAD 0.6 compared to CAD 0.57 a year ago.
For the nine months, sales was CAD 5,239 million compared to CAD 4,495 million a year ago. Net income was CAD 1,292 million compared to CAD 1,078 million a year ago. Basic earnings per share from continuing operations was CAD 2.08 compared to CAD 1.79 a year ago. Diluted earnings per share from continuing operations was CAD 2.08 compared to CAD 1.78 a year ago.
Pembina Pipeline Corp is a Canada-based energy transportation and midstream service provider. The Company owns pipelines that transport hydrocarbon liquids and natural gas products produced primarily in Western Canada. It also owns gas gathering and processing facilities and an oil and natural gas liquids infrastructure and logistics business. It operates through three segments: Pipelines, Facilities and Marketing & New Ventures. The Pipelines segment provides customers with pipeline transportation, terminalling, and storage in key market hubs in Canada and the United States for crude oil, condensate, natural gas liquids and natural gas. The Facilities segment includes infrastructure that provides Pembina's customers with natural gas, condensate and natural gas liquid (NGL) services. The Marketing & New Ventures segment undertakes value-added commodity marketing activities including buying and selling products, commodity arbitrage, and optimizing storage opportunities.
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Investor
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Global
Global
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