Pembina Pipeline Third Quarter 2024 Earnings: Misses Expectations

Pembina Pipeline (TSE:PPL) Third Quarter 2024 Results

Key Financial Results

• Revenue: CA$1.84b (down 20% from 3Q 2023).
• Net income: CA$383.0m (up 22% from 3Q 2023).
• Profit margin: 21% (up from 14% in 3Q 2023). The increase in margin was driven by lower expenses.
• EPS: CA$0.66 (up from CA$0.57 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Pembina Pipeline Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 7.7%. Earnings per share (EPS) also missed analyst estimates by 17%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 1.4% growth forecast for the Oil and Gas industry in Canada.

Performance of the Canadian Oil and Gas industry.

The company's shares are down 2.9% from a week ago.

Risk Analysis

Before you take the next step you should know about the 2 warning signs for Pembina Pipeline that we have uncovered.

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