Pembina Pipeline Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St

November 07, 2024

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).

earnings-and-revenue-growth — TSX:PPL Earnings and Revenue Growth November 7th 2024

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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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.