Pembina Pipeline Stock Price, News & Analysis

Ovintiv (NYSE: OVV) signed a 12-year agreement for 0.5 mtpa of Pembina's liquefaction capacity at the Cedar LNG facility to enable export of 0.5 mtpa of LNG. The agreement covers transportation and liquefaction services for a 12-year term commencing with commercial operations at Cedar LNG, which are anticipated in late 2028. The arrangement gives Ovintiv additional export market access from Canada’s west coast, described as the shortest shipping route to Asian LNG markets, and complements its existing natural gas transportation portfolio.

The agreement positions Ovintiv to monetize Montney gas via global LNG markets while relying on Cedar LNG reaching commercial operations on the stated timeline.

Pembina Pipeline (TSX: PPL; NYSE: PBA) reported Q3 2025 earnings of $286M, adjusted EBITDA $1,034M and adjusted cash flow from operations $648M ($1.12/share). Management updated 2025 adjusted EBITDA guidance to $4.25B–$4.35B. Key commercial wins include new Peace Pipeline transportation agreements for ~50,000 bpd with a ~10-year weighted term and Alliance Pipeline shippers electing a 10-year toll on ~96% of firm capacity. Pembina is advancing >$1B of conventional pipeline expansions and nearing completion of ~$850M of projects entering service in H1 2026. Cedar LNG remains on time and on budget (3.3 mtpa, US$4B gross), with a 20-year agreement for 1.0 mtpa with PETRONAS. Greenlight FID targeted in H1 2026.

Pembina (NYSE: PBA) and PETRONAS signed a 20-year synthetic liquefaction service agreement for 1.0 mtpa of Cedar LNG capacity on November 5, 2025. Pembina will provide transportation and liquefaction capacity to PETRONAS LNG Ltd on a take-or-pay basis, creating a long-term revenue stream and remarketing optionality.

The US$4 billion Cedar LNG project is reported as on time and on budget with an expected in-service date in late 2028. Pembina previously secured 1.5 mtpa in June 2024 and expects definitive agreements for the remaining 0.5 mtpa by the end of 2025.

Pembina Pipeline (NYSE: PBA) closed a $225 million offering of 5.95% Fixed-to-Fixed Rate Subordinated Notes, Series 2 due June 6, 2055. Net proceeds will fund the full redemption of all outstanding Series 9 Cumulative Redeemable Rate Reset Class A Preferred Shares on December 1, 2025 at a redemption price of $25.00 per share, representing an aggregate redemption amount of $225 million. The company confirmed the final quarterly dividend on Series 9 will be $0.268875 per share payable December 1, 2025, and that no accrued and unpaid dividends will remain at redemption. Transfer agent and holder contact details were provided for redemption queries.

Pembina Pipeline (TSX: PPL; NYSE: PBA) agreed to issue $225 million aggregate principal amount of 5.95% Fixed-to-Fixed Rate Subordinated Notes, Series 2 due June 6, 2055. This is a further issuance to the $200 million Series 2 Notes issued June 6, 2025, bringing total Series 2 Notes to $425 million outstanding.

The Offering is expected to close on or about October 10, 2025, subject to customary conditions. Net proceeds are intended to fund the redemption of Pembina's Series 9 Class A Preferred Shares (TSX: PPL.PR.I) and for general corporate purposes. The notes are being offered through an underwriter syndicate and will not be registered for sale in the United States.

Pembina Pipeline (NYSE: PBA) declared quarterly dividends for preferred share Series 1, 3, 5, 7, 9, 15, 17, 21 and 25 with payment and record dates in Oct–Dec 2025. Key per-share amounts: Series 1 $0.407813, 3 $0.376188, 5 $0.425875, 7 $0.372063, 9 $0.268875, 15 $0.385250, 17 $0.412813, 21 $0.393875, 25 $0.405063.

The company will release Q3 2025 results on Nov 6, 2025 after market close and host a conference call/webcast on Nov 7, 2025 at 8:00 a.m. MT (10:00 a.m. ET); replay available until Nov 14, 2025 and audio archive posted for a minimum of 90 days.

Pembina Pipeline Corporation (NYSE: PBA, TSX: PPL) announced on October 8, 2025 that it is considering an offering of subordinated notes under its short form base shelf prospectus dated December 13, 2023.

The company said that, if a successful offering is completed, it intends to use net proceeds to redeem its outstanding Cumulative Redeemable Rate Reset Class A Preferred Shares, Series 9 (TSX: PPL.PR.I) and for general corporate purposes. Pembina cautioned there is no certainty the offering will be completed or as to terms or timing. The subordinated notes would not be registered for sale in the United States and may not be offered to U.S. persons.

Pembina (NYSE: PBA) and Kineticor provided an update on the proposed Greenlight Electricity Centre, a multi‑phased gas‑fired combined cycle facility in Sturgeon County, Alberta, with up to ~1,800 MW capacity. Phase 1 ~900 MW would raise natural gas demand by ~160 mmcf/d (potentially ~320 mmcf/d at 1,800 MW). Greenlight secured a 907 MW AESO allocation assigned to a customer and a 907 MW demand transmission agreement enabling connection as early as 2027. A conditional land sale (~$190 million net to Pembina) is expected to close in Q4 2025. Turbine reservation and progress toward an FID in H1 2026 support a possible start‑up by 2030.

Pembina Pipeline (NYSE: PBA) has received approval from the Canada Energy Regulator (CER) for a negotiated settlement regarding the Canadian portion of the Alliance Pipeline. The settlement, reached between Alliance Pipeline Limited Partnership and its shippers, establishes a tolling structure that will remain in effect for the next 10 years.

The agreement represents a significant regulatory milestone for Pembina's Alliance Pipeline, which serves as a crucial North American energy infrastructure asset. CEO Scott Burrows emphasized the company's commitment to maintaining exceptional customer service and maximizing the pipeline's value.