Overview

* Pembina Q3 revenue missed analyst expectations, adjusted EBITDA met estimates

* Company reported Q3 earnings of C$286 mln, down from last year

* Pembina updated 2025 adjusted EBITDA guidance to C$4.25 bln-C$4.35 bln

Outlook

* Pembina updates 2025 adjusted EBITDA guidance to C$4.25 bln-C$4.35 bln

* Company advancing C$1 bln in pipeline expansions to meet demand

* Cedar LNG project on schedule for late 2028 service

Result Drivers

* PIPELINE DEMAND - Higher demand on Alliance Pipeline and increased tolls on Peace Pipeline boosted pipeline segment's adjusted EBITDA

* FACILITIES CONTRIBUTION - Facilities segment's adjusted EBITDA rose due to higher contributions from PGI and increased volumes at Duvernay Complex

* NGL MARGINS - Lower NGL margins and higher input costs led to a decrease in Marketing & New Ventures adjusted EBITDA

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss C$1.79 C$1.96

Revenue bln bln (1

Analyst)

Q3 EPS C$0.43

Q3 Meet C$1.03 C$1.03

Adjusted bln bln (13

EBITDA Analysts

)

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)