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Pembina Touts Substantial Growth, Strong Performance

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Pembina Touts Substantial Growth, Strong Performance

Pembina Pipelin Corp. has reported its first quarter 2013 results.

First Quarter Highlights During the first quarter, Pembina announced that it had secured an additional $1.3 billion in growth projects. Consolidated operating margin during the first quarter of 2013 increased 88 percent to $239.8 million compared to $127.7 million during the same period of the prior year. Pembina generated $60.5 million in operating margin from its Conventional Pipelines business, $31.5 million from Oil Sands & Heavy Oil and $18.6 million from Gas Services. Operating margin was positively impacted by increased volumes on Pembina's Conventional Pipelines, as discussed below, and an increase in gas processed through and fees generated by Pembina's Gas Services assets. The Company's Midstream business also…
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