Pembina Pipeline Corp reports results for the quarter ended June 30 - Earnings Summary

• Pembina Pipeline Corp PPL.TO reported quarterly adjusted earnings of 65 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 75 cents. The mean expectation of nine analysts for the quarter was for earnings of 65 cents per share. Wall Street expected results to range from 57 cents to 92 cents per share.

• Revenue rose 48.2% to C$1.79 billion from a year ago; analysts expected C$1.67 billion.

• Pembina Pipeline Corp's reported EPS for the quarter was 80 cents​.

• The company reported quarterly net income of C$502 million.

• Pembina Pipeline Corp shares had fallen by 1.0% this quarter and lost 4.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 8.9% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy," 4 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the oil & gas transportation services peer group is also "buy"

• Wall Street's median 12-month price target for Pembina Pipeline Corp is C$60.00, about 15.5% above its last closing price of C$50.73

This summary was machine generated from LSEG data August 8 at 04:36 a.m. UTC. ​All figures in Canadian dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)