PR Newswire
CALGARY, AB, Feb. 25, 2021
Full year results reflect the resilience of Pembina's diversified and highly contracted business; pre-pandemic adjusted EBITDA guidance achieved
All financial figures are in Canadian dollars unless otherwise noted. This news release refers to certain financial measures that are not defined by Generally Accepted Accounting Principles ("GAAP"), including net revenue; adjusted earnings before interest, taxes, depreciation and amortization ("adjusted EBITDA"); cash flow from operating activities per common share; adjusted cash flow from operating activities; and adjusted cash flow from operating activities per common share. For more information see "Non-GAAP Measures" herein |
CALGARY, AB, Feb. 25, 2021 /PRNewswire/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL) (NYSE: PBA) announced today its financial and operating results for the fourth quarter and full year 2020.
Financial and Operational Overview
| 3 Months Ended December 31 | 12 Months Ended December 31 | ||
($ millions, except where noted) (unaudited) | 2020 | 2019(3) | 2020 | 2019(3) |
Infrastructure and other services revenue | 798 | 662 | 2,997 | 2,426 |
Product sales revenue | 896 | 1,092 | 3,205 | 4,804 |
Total Revenue | 1,694 | 1,754 | 6,202 | 7,230 |
Net revenue(1) | 954 | 837 | 3,444 | 3,120 |
Earnings (loss) | (1,216) | 150 | (316) | 1,507 |
Earnings (loss) per common share – basic (dollars) | (2.28) | 0.22 | (0.86) | 2.69 |
Earnings (loss) per common share – diluted (dollars) | (2.28) | 0.22 | (0.86) | 2.68 |
Cash flow from operating activities | 766 | 728 | 2,252 | 2,532 |
Cash flow from operating activities per common share – basic (dollars)(1) | 1.39 | 1.41 | 4.10 | 4.94 |
Adjusted cash flow from operating activities(1) | 603 | 576 | 2,289 | 2,234 |
Adjusted cash flow from operating activities per common share – basic (dollars)(1) | 1.10 | 1.11 | 4.16 | 4.36 |
Common share dividends declared | 346 | 314 | 1,385 | 1,213 |
Dividends per common share (dollars) | 0.63 | 0.60 | 2.52 | 2.36 |
Capital expenditures | 161 | 429 | 1,029 | 1,645 |
Total volume (mboe/d)(2) | 3,614 | 3,577 | 3,500 | 3,451 |
Adjusted EBITDA(1) | 866 | 787 | 3,281 | 3,061 |
(1) | Refer to "Non-GAAP Measures". |
(2) | Total revenue volumes. Revenue volumes are physical volumes plus volumes recognized from take-or-pay commitments. Volumes are stated in thousand barrels of oil equivalent per day ("mboe/d"), with natural gas volumes converted to mboe/d from millions of cubic feet per day ("MMcf/d") at a 6:1 ratio. |
(3) | Comparative 2019 period has been restated. See "Voluntary Change in Accounting Policy" in Pembina's Management's Discussion and Analysis, for the three and twelve months ended December 31, 2020 ("MD&A") and Note 3 to the Consolidated Financial Statements for the three and twelve months ended December 31, 2020. Werbung Mehr Nachrichten zur Pembina Pipeline Aktie kostenlos abonnieren
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