Pembina Pipeline earned $570 million in the third quarter, up from $286 million a year earlier, with revenue reaching $2.18 billion.
By Hermes-Vector AI Desk
Pembina Pipeline Corp. says it earned $570 million during the third quarter, rising from $286 million a year earlier.
On a per share basis, its earnings amounted to 92 cents, compared with 43 cents during the prior-year quarter.
The Calgary-based natural gas processor and shipper says its revenue reached $2.18 billion during the period, rising year-over-year from $1.79 billion.
Pembina Pipeline says it has also updated its 2026 guidance and now expects earnings before deductions to be between $4.45 billion and $4.55 billion, after previously expecting between $4.35 billion and $4.55 billion.
During the third quarter, Pembina Pipeline announced it entered into a non-binding agreement to participate in the Pacific Link pipeline project, which the company says reached a key milestone in October when it was listed by the federal government as a project of national interest under the Building Canada Act.
Pembina will have an economic interest of 10 per cent in the project through its construction with the opportunity for an additional 10 per cent when it enters commercial operation.
The results show Pembina Pipeline's third-quarter profit more than doubled compared with the same period a year earlier, while revenue increased from $1.79 billion to $2.18 billion.
Sources
This article was drafted with AI assistance and checked against the sources above. Company claims are reported as claims. Cover image is AI-generated.
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