Pembina Pipeline Corp. (NYSE:PBA) is reporting third quarter earnings results on Thursday 5th November 2020, after market close.
Previous Quarter Performance
Pembina Pipeline Corp. communicated income for the second quarter of $ 0.28 per share, from the revenue of $ 914.61 million. The quarterly earnings dropped 77.24 percent while revenues dropped 49.41 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.44 per share from $ 1630.00 million in revenue. The bottom line results missed street analysts by $ 0.16 or 36.36 percent, at the same time, top line results fell short of analysts by $ 715.39 million or 43.89 percent.
Stock Performance
Shares of Pembina Pipeline Corp. traded up $ 0.21 or 0.98 percent on Wednesday, reaching $ 21.55 with volume of 904.10 thousand shares. Pembina Pipeline Corp. has traded high as $ 22.24 and has cracked $ 21.01 on the downward trend
The closing price of $ 21.55, representing a 101.70 % increase from the 52 week low of $ 10.58 and a 47.5 % decrease over the 52 week high of $ 40.65.
The company has a market capital of $ 11.74 billion and is part of the Energy sector and Oil & Gas Midstream industry.
Pembina Pipeline Corporation provides transportation and midstream services for the energy industry in North America. It operates through three divisions: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines division operates conventional, transmission, and oil sands and heavy oil pipeline assets with a total capacity of 3 million barrels of oil serving markets and basins across North America through conventional, transmission, and oil sand pipelines assets.
