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Pembina Pipeline Corp T.PPL

Alternate Symbol(s):  PBA | PBNAF | T.PPL.PR.A | T.PPL.PR.C | PPLAF | T.PPL.PR.E | PMBPF | T.PPL.PR.G | T.PPL.PR.I | T.PPL.PR.O | PPLOF | T.PPL.PR.Q | T.PPL.PR.S | PMMBF | T.PPL.PF.A | T.PPL.PF.E | T.PPL.PF.B

Pembina Pipeline Corp is a Canada-based energy transportation and midstream service provider. The Company owns pipelines that transport hydrocarbon liquids and natural gas products produced primarily in Western Canada. It also owns gas gathering and processing facilities and an oil and natural gas liquids infrastructure and logistics business. It operates through three segments: Pipelines, Facilities and Marketing & New Ventures. The Pipelines segment provides customers with pipeline transportation, terminalling, and storage in key market hubs in Canada and the United States for crude oil, condensate, natural gas liquids and natural gas. The Facilities segment includes infrastructure that provides Pembina's customers with natural gas, condensate and natural gas liquid (NGL) services. The Marketing & New Ventures segment undertakes value-added commodity marketing activities including buying and selling products, commodity arbitrage, and optimizing storage opportunities.


TSX:PPL - Post by User

Post by autofocus111on May 06, 2021 7:52pm
938 Views
Post# 33149235

Earnings out

Earnings outVery subdued. Adjusted EBITDA and OCF basically flat YoY. Losses on hedges put a big damper on the party, as revenue growth looked solid. Not much shift in regards to growth project restarts, but no new writedowns either though. Mention of an opportunistic share buyback. She looks a lot like a deer caught in the headlights right now... not sure whether to run or just stand there and wait for the car to pass. Timing of entry into those hedges took the wind out of their sails until 2022. 

https://stockhouse.com/news/press-releases/2021/05/06/pembina-pipeline-corporation-reports-results-for-the-first-quarter-2021-and 
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