CALGARY, Alberta (AP) _ Pembina Pipeline Corp. (PBA) on Thursday reported first-quarter net income of $234.1 million.

The Calgary, Alberta-based company said it had profit of 37 cents per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.

The oil and gas transportation and services company posted revenue of $1.25 billion in the period.

Pembina Pipeline shares have decreased 40% since the beginning of the year. The stock has declined 36% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PBA at https://www.zacks.com/ap/PBA

Automated Insights, source Associated Press News