Pembina Pipeline Corporation Reports Second Quarter 2015 Results
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 |
6 Months Ended |
||
|
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
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