Pembina Pipeline Corp. reported a 32% increase in Q2 earnings to $479M due to a $3.1B acquisition of Enbridge stakes.

Pembina Pipeline Corp. reported a 32% increase in Q2 earnings to $479M, aided by a $3.1B acquisition of Enbridge stakes. Revenue grew 29% YoY to $1.85B, with pipeline volumes reaching 2.7M BOE/day. Pembina predicts 6% annual growth in conventional pipeline volumes and 4% in gas processing volumes. Full-year adjusted earnings guidance increased to $4.20-4.35B from $4.05-4.30B.

August 08, 2024
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