Pembina Pipeline's Q3 Earnings Miss Estimates, Sales Fall Y/Y
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Pembina Pipeline's Q3 earnings missed estimates, with a year-over-year decline in sales. The company projects adjusted EBITDA between C$4.23-C$4.33 billion for 2024 and aims to maintain a debt-to-adjusted EBITDA ratio of 3.4-3.6 times.
November 07, 2024 | 1:00 pm
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NEGATIVE IMPACT
Pembina Pipeline's Q3 earnings missed expectations, and sales declined year-over-year. The company forecasts adjusted EBITDA of C$4.23-C$4.33 billion for 2024 and plans to keep its debt-to-adjusted EBITDA ratio between 3.4-3.6 times.
The earnings miss and sales decline are negative indicators for Pembina Pipeline, likely leading to short-term stock price pressure. However, the company's forward guidance on EBITDA and debt management provides some reassurance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100