Pembina Pipeline Corporation Reports Second Quarter 2015 Results

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Pembina Pipeline Corporation Reports Second Quarter 2015 Results

by ahnationtalk on August 7, 2015506 Views

Press Releases

Continuing to progress growth projects; secured $380 million of new fee-for-service projects during the second quarter

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 (“MD&A”) for more details. This news release also refers to net revenue, operating margin, earnings before interest, taxes, depreciation and amortization (“EBITDA”), 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), and total enterprise value, 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, including a reconciliation to the most directly comparable GAAP measure, 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 June 30, 2015 is also available at Pembina’s website and on SEDAR.

CALGARY, Aug. 6, 2015 – Pembina Pipeline Corporation (“Pembina” or the “Company”) (TSX: PPL; NYSE: PBA) announced today its financial and operating results for the second quarter of 2015.

Financial Overview

($ millions, except where noted)

3 Months Ended
June 30
(unaudited)

6 Months Ended
June 30
(unaudited)

2015

2014

2015

2014

Revenue

1,213

1,606

2,367

3,365

Net revenue(1)

351

360

726

807

Operating margin(1)

259

269

543

619

Gross profit

200

214

428

516

Earnings

43

77

163

224

Earnings per common share – basic and diluted (dollars)

0.09

0.21

0.41

0.65

EBITDA(1)

226

235

466

551

Cash flow from operating activities

209

155

329

416

Cash flow from operating activities per common share – basic (dollars)(1)

0.62

0.48

0.97

1.30

Adjusted cash flow from operating activities(1)

176

191

389

455

Adjusted cash flow from operating activities per common share – basic (dollars)(1)

0.51

0.59

1.14

1.42

Common share dividends declared

154

140

302

274

Preferred share dividends declared

11

7

21

13

Dividends per common share (dollars)

0.45

0.43

0.89

0.85

Capital expenditures

387

298

885

585

Read More: http://www.pembina.com/media-centre/news-releases/news-details/?nid=135288

AB2

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