Pembina Pipeline (NYSE:PBA) Announces Quarterly Earnings Results, Beats Expectations By $0.81 EPS

Pembina Pipeline (NYSE:PBA) (TSE:PPL) posted its quarterly earnings data on Thursday. The pipeline company reported $1.23 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.81, reports. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.68 billion. Pembina Pipeline had a net margin of 22.20% and a return on equity of 13.97%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.43 earnings per share.

PBA stock traded up $0.53 during trading on Friday, hitting $37.13. The company had a trading volume of 908,157 shares, compared to its average volume of 439,602. The company has a market capitalization of $18.71 billion, a price-to-earnings ratio of 20.98, a price-to-earnings-growth ratio of 4.30 and a beta of 0.80. The firm has a 50 day moving average price of $37.26. Pembina Pipeline has a fifty-two week low of $28.30 and a fifty-two week high of $38.56. The company has a quick ratio of 0.50, a current ratio of 0.60 and a debt-to-equity ratio of 0.62.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, July 25th will be issued a $0.153 dividend. The ex-dividend date of this dividend is Wednesday, July 24th. This represents a $1.84 annualized dividend and a yield of 4.94%. This is an increase from Pembina Pipeline’s previous monthly dividend of $0.13. Pembina Pipeline’s dividend payout ratio is presently 103.39%.

Separately, Zacks Investment Research raised shares of Pembina Pipeline from a “sell” rating to a “hold” rating in a report on Wednesday, July 24th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Pembina Pipeline currently has an average rating of “Buy” and a consensus target price of $40.00.

About Pembina Pipeline

Pembina Pipeline Corporation provides transportation and midstream services for the energy industry in North America. It operates through three divisions: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines division operates conventional, transmission, and oil sands and heavy oil pipeline assets with a total capacity of 3 million barrels of oil serving markets and basins across North America through conventional, transmission, and oil sand pipelines assets.

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Earnings History for Pembina Pipeline (NYSE:PBA)

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