Pembina Pipeline (TSX: PPL) Q3 Earnings Down 14% to C$318 million

  • The Calgary-based company’s earnings were impacted due to higher gross profit in pipeline and facilities and weakened energy demand resulting from ongoing Covid-19 pandemic.
  • The net revenues increased from C$751 million in Q3 2019 to C$849 million in Q3 2020. While total revenue was down from C$1.7 billion in Q3 2019, to C$1.57 billion in Q3 2020.
  • Q3 adjusted EBITDA saw 8 per cent increase to C$796 million, owing to contribution from newly acquired assets of Kinder Morgan Canada Limited, and partially offset by lower margin on crude oil.
  • The cash flow from operating activities saw a decrease of 19 per cent from the same period last year to C$434 million.




We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK