Pembina Pipeline (TSE:PPL) Second Quarter 2024 Results

Key Financial Results

• Revenue: CA$1.86b (down 10% from 2Q 2023).

• Net income: CA$471.0m (up 44% from 2Q 2023).

• Profit margin: 25% (up from 16% in 2Q 2023). The increase in margin was driven by lower expenses.

• EPS: CA$0.81 (up from CA$0.60 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Pembina Pipeline Earnings Insights

Looking ahead, revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Oil and Gas industry in Canada.

Performance of the Canadian Oil and Gas industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

It is worth noting though that we have found 3 warning signs for Pembina Pipeline that you need to take into consideration.

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