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FINWIRES

在Pembina Pipeline發布第一季業績前，TPH維持其「買入」評級；目標價為65.00加元。

-- 週四，Tudor, Pickering, Holt維持對Pembina Pipeline（PPL.TO，PBA）股票的「買入」評級，目標價為65.00加元，該公司正等待公佈其第一季業績。 「第一季調整後 EBITDA 下調 7,100 萬加元至 2.22 億加元，低於市場普遍預期的 2.53 億加元。此次下調的主要原因是：(1) PAA NGL 收購完成的時間；(2) 調整了我們對 2026 年上半年市場營銷的預期，以更準確地反映 AEF 業績G&P 資產的銷量增長了約 6%（基於截至 2026 年 2 月的數據），推動 TPHe 實現利潤達到 1.19 億加元。基於截至 2026 年 2 月的數據），推動 TPHe 實現利潤達到 1.19 億加元。萬加元，低於第四季的 8,900 萬加元，主要原因是 AEF系統故障和對沖損失，但隨著公司銷售庫存，這些損失應會在後續季度得到彌補（更多資訊請參見下文）。加幣（市場預期為16.71億加幣）。 O'Donnell寫道：「我們維持『買入』評級，目標價為每股65加元。 」 （報告北美、亞洲和歐洲主要銀行及研究機構的股票、大宗商品和經濟研究。研究機構可透過以下連結與我們聯繫：https://www..com/contact-us）

Price: $58.99, Change: $-0.36, Percent Change: -0.61%

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