U.S. Markets closed

Pembina Pipeline: 2Q Earnings Snapshot

CALGARY, Alberta (AP) _ Pembina Pipeline Corp. (PBA) on Thursday reported second-quarter earnings of $496.4 million.

The Calgary, Alberta-based company said it had net income of 92 cents per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share.

The oil and gas transportation and services company posted revenue of $1.35 billion in the period.

Pembina Pipeline shares have risen 23% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $36.61, a climb of 2% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PBA at https://www.zacks.com/ap/PBA