Free Post Earnings Research Report: Pembina Pipeline’s Q4 Results Outshone Estimates

LONDON, UK / ACCESSWIRE / April 05, 2018 / Active-Investors.com has just released a free earnings report on Pembina Pipeline Corp. (NYSE: PBA). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=PBA. The Company posted its financial results on February 22, 2018, for the fourth quarter fiscal 2017 (Q4 FY17) and for the full fiscal year 2017 (FY17). The Company posted a y-o-y growth in its quarterly revenues and earnings per common share. Register today and get access to over 1000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Pembina Pipeline most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

During Q4 FY17, Pembina Pipeline’s revenues improved to C$1.72 billion from C$1.25 billion in Q4 FY16. The Company’s growth in revenues for the quarter was driven by a larger asset base generating higher revenue volumes and improvements in NGL market pricing. Furthermore, the Company posted net revenues of C$709 million in Q4 FY17 compared to C$514 million in the last year’s same quarter.

The oil and gas Company reported earnings of C$445 million, or C$0.83 per diluted share, in Q4 FY17 compared to C$131 million, or C$0.28 per diluted share, in Q4 FY16. The Company’s adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) was C$674 million, or C$1.34 per basic share, in the reported quarter versus C$342 million, or C$0.87 per basic share, in the prior year’s comparable quarter.

The Calgary, Canada-based Company reported revenues of C$5.41 billion in FY17, up from C$4.27 billion in FY16. The Company’s earnings came in at C$891 million, or C$1.88 per diluted share, in FY17 compared to C$466 million, or C$1.01 per diluted share, in FY16. Furthermore, the Company posted an adjusted EBITDA of C$1.71 billion, or C$4.00 per basic share, in FY17 versus C$1.19 billion, or C$3.06 per basic share, in FY16.

Operating Metrics

Pembina Pipeline’s cost of goods sold came in at C$1.01 billion in the reported quarter, up from C$737 million in Q4 FY16. The Company’s operating expenses were C$130 million in Q4 FY17 compared to C$123 million in Q4 FY16. The Company’s operating margin increased to C$555 million in Q4 FY17 from C$270 million in Q4 FY16.

The Company’s general and administrative (G&A) expenses stood at C$57 million in Q4 FY17 versus C$44 million in the last year’s corresponding quarter. During Q4 FY17, the Company’s operating margin increased 96% to C$749 million from C$382 million in the fourth quarter of FY16.

Segment Performance

For Q4 FY17, Pembina Pipeline’s Conventional Pipelines segment’s total average daily production volume increased to 862 thousand barrels per day (mbpd) from 639 mbpd in Q4 FY16. The segment reported revenues of C$267 million in Q4 FY17, up from C$184 million in the prior year’s same quarter. The segment’s operating margin was C$201 million in Q4 FY17 versus C$118 million in Q4 FY16.

During Q4 FY17, Pembina Pipeline’s Oil Sands & Heavy Oil segment had contracted capacity of 1,060 mbpd versus 975 mbpd in Q4 FY16. The segment posted net sales of C$55 million in Q4 FY17, which came in above C$54 million in Q4 FY16. The segment’s operating margin stood at C$36 million in Q4 FY17, rising from C$37 million in the year ago comparable quarter.

Pembina Pipeline’s Gas Service segment’s net revenue volumes were 1,141 million cubic feet per day (MMcf/d) in Q4 FY17 compared to 976 MMcf/d in Q4 FY16. The segment’s revenues increased to C$100 million in the reported quarter from C$86 million in the year agocorresponding quarter. The segment’s operating margin was C$74 million in Q4 FY17 compared to C$60 million in Q4 FY16.

For the reported quarter, Pembina Pipeline’s Midstream segment reported NGL sales volumes of 162 mbpd compared to 164 mbpd in Q4 FY16. The segment’s revenues increased to C$1.31 billion in Q4 FY17 versus C$954 million in Q4 FY16. The segment’s operating margin was C$221 million in Q4 FY17 versus C$164 million in Q4 FY16.

Cash Matters and Balance Sheet

For the quarter ended December 31, 2017, Pembina Pipeline generated C$523 million in cash from operating activities compared to C$286 million in the prior year’s same quarter. The Company’s adjusted cash flow from operating activities was C$499 million in Q4 FY17 compared to C$292 million in Q4 FY16.

The Company’s cash and cash equivalents balance stood at C$321 million as on December 31, 2017, compared to C$35 million at the close of books on December 31, 2016. The Company’s loans and borrowings were C$7.30 billion as on December 31, 2017, compared to C$4.00 billion as on December 31, 2016.

Dividend

In a separate press release on April 03, 2018, Pembina Pipeline’s Board of Directors declared a common share cash dividend for April 2018 of C$0.18 per share, to be paid, subject to applicable law, on May 15, 2018, to shareholders of record as on April 25, 2018.

Stock Performance Snapshot

April 04, 2018 – At Wednesday’s closing bell, Pembina Pipeline’s stock marginally advanced 0.67%, ending the trading session at $30.25.

Volume traded for the day: 744.91 thousand shares, which was above the 3-month average volume of 595.89 thousand shares.

After yesterday’s close, Pembina Pipeline’s market cap was at $12.19 billion.

Price to Earnings (P/E) ratio was at 21.08.

The stock has a dividend yield of 5.59%.

The stock is part of the Basic Materials sector, categorized under the Oil & Gas Pipelines industry. This sector was up 0.1% at the end of the session.

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