Pembina (PBA) Q1 Earnings Rise Y/Y, Sales Lag Estimates

Pembina Pipeline Corporation (PBA) reported first-quarter 2024 earnings per share of 73 Canadian cents, up from the prior-year quarter's level of 61 Canadian cents. This improvement can be attributed primarily to higher contributions from all segments of the company. Revenues of $1.1 billion decreased 32.8% year over year and missed the Zacks Consensus Estimate by $1.8 billion. Operating cash flow decreased approximately 4.8% to C$436 million. Adjusted EBITDA came in at C$1,044 million compared with C$947 m ...