on May 5reported first-quarter 2016 earnings of C$102 million, or 23 Canadian cents pershare, compared to C$120 million, or 32 Canadian cents per share, in theyear-ago quarter.
The S&PCapital IQ consensus normalized EPS estimate for the first quarter was 30Canadian cents.
Revenue forthe first quarter fell to C$1.02 billion, compared to C$1.15 billion in theyear-ago quarter. Total net revenue for the first quarter amounted to C$394 million,compared to C$375 million in the prior-year period, with the increase primarilydriven by gains in the conventional pipelines and midstream segments.
First-quarteradjusted EBITDA increased by 12% to C$269 million, compared to C$241 million inthe same period last year.
"I'mpleased to report that Pembina has started the year off well by deliveringanother solid quarter including achieving record revenue volumes across ourbusiness," said Scott Burrows, vice president of finance and CFO ofPembina.
The companyalso boosted its monthly dividend by 4.9% to 16 Canadian cents per share, orC$1.92 annually. The dividend is payable May 13 and June 15 to shareholders ofrecord as of April 25 and May 25.