Pembina (PBA) Q2 Earnings Rise Y/Y, Sales Lag Estimates

Pembina Pipeline Corporation (PBA) reported second-quarter 2024 earnings per share of 75 Canadian cents, up from the prior-year quarter's level of 60 Canadian cents. This improvement can be attributed to higher contributions from all segments of the company. Revenues of $1.36 billion decreased 12% year over year and missed the Zacks Consensus Estimate of $1.44 billion. Operating cash flow decreased approximately 46.1% to C$954 million. Adjusted EBITDA came in at C$1,091 million compared with C$823 million i ...