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Pembina reported earnings of 55 cents per share, which was about 13 percent higher than the 48 cents analysts were looking for. Revenue of 1.53 billion dollars also came in ahead of the 1.41 billion dollar target. These results show the company is successfully moving more energy through its network as it expands its reach in Western Canada.
The business is currently shifting from a traditional pipeline operator into a power provider for data centers, including a large project for Meta. This move helps protect its income with long-term contracts that do not depend on the daily price of oil or gas. While the stock fell about 2 percent today, that move happened on a day when the broader market dropped sharply, and the underlying results suggest the business itself is performing well.
See the full quarter, and how our tracked metrics did
Source: Company earnings report
Oil prices dropped on Monday as diplomatic efforts to end the war in Iran began to ease concerns about global supply. While lower energy prices are good for the broader economy, they can be a challenge for pipeline companies like Pembina. When oil and gas prices fall, energy producers often slow down their drilling activity. Since Pembina earns its money by charging fees to transport and process those fuels, fewer barrels moving through its network would mean less revenue for the business.
Source: Bloomberg Markets and Finance
Management consistently hits or slightly exceeds its targets, showing they have a firm handle on the business and set bars they know they can clear.
| Expectation | |
|---|---|
| EPS | $0.48 |
| Revenue | $1.41B |
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