Pembina Pipeline Corporation Reports First Quarter 2015 Results
05 May 2015
Solid Operating Results and Progress on Capital Projects Continues to Support Financial Resiliency; Board Approves 5.2 Percent Dividend Increase
All financial figures are in Canadian dollars unless noted otherwise. This news release contains forward-looking statements and information that are based on Pembina Pipeline Corporation’s (“Pembina” or the “Company”) current expectations, estimates, projections and assumptions in light of its experience and its perception of historic trends. Actual results may differ materially from those expressed or implied by these forward-looking statements. Please see “Forward-Looking Statements & Information” herein and in the Company’s Management’s Discussion & Analysis for the period ended March 31, 2015 (“MD&A”) for more details. This news release also refers to net revenue, operating margin, earnings before interest, taxes, depreciation and amortization (“EBITDA”) and adjusted cash flow from operating activities (and cash flow from operating activities per common share and adjusted cash flow from operating activities per common share) which are financial measures that are not defined by Generally Accepted Accounting Principles (“GAAP”). Pembina’s methods of calculating these financial measures may not be directly comparable to that of other companies. Pembina considers these non-GAAP financial measures to provide useful information to both management and investors in measuring Pembina’s financial performance and financial condition. For more information about the measures which are not defined by GAAP see “Non-GAAP and Additional GAAP Measures” herein and in the MD&A, which is available at Pembina’s website at www.pembina.com and on SEDAR at www.sedar.com. Pembina’s entire quarterly report for the period ended March 31, 2015 is also available at Pembina’s website or on SEDAR.
CALGARY, May 5, 2015 – Pembina Pipeline Corporation (“Pembina” or the “Company”) (TSX: PPL; NYSE: PBA) announced today its financial and operating results for the first quarter of 2015.
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