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Pembina Pipeline Q3 Profit Rises, Beats View; Revises FY19 Earnings View

Pembina Pipeline Corp. (PPL.TO,PBA) reported Friday that its third-quarter earnings grew to C$370 million from last year's C$334 million.

Earnings per share were C$0.66, compared to C$0.60 a year ago.

On average, six analysts polled by Thomson Reuters expect earnings of C$0.60 per share. Analysts' estimates typically exclude special items.

Adjusted EBITDA for the quarter increased to C$736 million from C$732 million a year earlier.

Revenue was C$1.70 billion, down from prior year's C$2.05 billion. Net revenue grew to C$751 million from last year's C$742 million.

Total volume declined to 3,436 mboe/d from last year's 3,465 mboe/d.

Looking ahead for fiscal 2019, Pembina has revised its adjusted EBITDA guidance range to C$2.95 - C$3.05 billion.

Upon closing of the Kinder Acquisition, Pembina intends to increase its monthly dividend by C$0.01 per common share.

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