Good idea starting a new topic, PPL earnings out and looks great to me, sounds like they came a little short on revenue expectations but beat on EPS.
They continue like this we may see a dividend increase by year end
Highlights
Placed over $1 billion in new assets into service during the first six months of the year, including RFS II, Musreau III and the Resthaven Expansion (as defined below);
Closed a $566 million (including closing adjustments) acquisition of the Kakwa River Facility, a 250 MMcf/d gas processing plant and associated midstream infrastructure
Gas Services achieved record quarterly and year-to-date revenue volumes with an average of 795 MMcf/d and 735 MMcf/d, a 23 percent and 11 percent increase, respectively, over the comparable periods in 2015, driven by newly in-service assets;
Generated second quarter and year-to-date earnings of $113 million and $215 million, a 163 percent and 32 percent increase, respectively, over the same periods of the prior year;
Realized Adjusted EBITDA of $291 million in the second quarter and $560 million year-to-date, 28 percent and 19 percent higher than the second quarter and first half of 2015;
Cash flow from operating activities increased by 31 percent and 65 percent to $273 million and $544 million while adjusted cash flow from operating activities increased by 33 percent and 14 percent to $235 million and $444 million compared to the second quarter and first half of 2015;
On a per share (basic) basis during the three and six months ended June 30, 2016, cash flow from operating activities increased 13 percent and 46 percent respectively and adjusted cash flow from operating activities increased 18 percent and 2 percent respectively compared to the same periods of the prior year;
Received approval from the Alberta Energy Regulator in April 2016 and began construction on two 270 kilometre, 24 and 16 inch pipelines between Fox Creek and Namao, Alberta, as part of a series of projects that form the Company's Phase III Pipeline Expansion; and
Raised $250 million of gross proceeds through the issuance of Series 13 preferred shares.
"During the first half of the year, we continued our strong momentum of executing our growth plans, bringing just over $1 billion of assets into service, excluding our recent acquisition, while adding new assets and projects to our portfolio," said Mick Dilger, Pembina's President and Chief Executive Officer. "Not only did we complete an acquisition of new gas services infrastructure, we strengthened our foothold in a core area, reached a key regulatory milestone on our largest project, operated safely and reliably, and set the stage for growth beyond 2018. With our committed growth projects, we are on track to deliver significant cash flow per share growth through 2018 and have made meaningful strides to advance longer-term development opportunities."