On April 2, 2012 Pembina Pipeline Corporation (PPL.TO) completed
its acquisition of Provident Energy Ltd. The amounts disclosed for
the three month period ending March 31 reflect results of legacy
Pembina excluding Provident.
Pembina, which is trading shy of a year high $33.55, said it had
made a "strong" start to 2013, with $1.3 billion of recently
secured projects to drive continued growth.
The company's earnings were $90.5 million ($0.30 per share) for
the first quarter of 2013 compared to $32.6 million ($0.19 per
share) a year earlier.
Cash flow from operating activities was $229 million ($0.77 per
share) for the first quarter of 2013 compared to $65.3 million
($0.39 per share) for the same period in 2012. Adjusted cash flow
from operating activities was $207.4 million ($0.70 per share) for
the first quarter of 2013 compared to $98.8 million ($0.59 per
share) for the same period of 2012.
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