Pembina Pipeline Corporation Reports Second Quarter Results

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Go back to Pembina Pipeline Corporation Reports Second Quarter Results

Pembina Pipeline (PBA) Reports Q2 EPS of $1.23, Revenues Beat

August 1, 2019 5:16 PM EDT

Pembina Pipeline (NYSE: PBA) reported Q2 EPS of $1.23, versus $0.44 reported last year. Revenue for the quarter came in at $1.81 billion versus the consensus estimate of $1.63 billion.

Financial & Operational Highlights

Second quarter earnings of $664 million, a 170 percent increase over the same period of the prior year, were positively impacted by a deferred tax recovery related to the enactment of Bill 3 Job Creation Tax Cut Act, which will reduce the Alberta corporate tax rate from 12 percent to eight percent over a four-year period. This significant deferred tax recovery was partially offset by an... More