Welcome to our dedicated page for Pembina Pipeline news (Ticker: PBA), a resource for investors and traders seeking the latest updates and insights on Pembina Pipeline stock.
Pembina Pipeline Corporation (PBA) generates frequent news and disclosures related to its role as an energy transportation and midstream service provider in North America. News coverage commonly highlights developments across its Pipelines, Facilities, and Marketing & New Ventures divisions, as well as updates on major projects and capital markets activity.
Investors following Pembina’s news can expect regular updates on financial guidance, quarterly financial and operating results, and changes to adjusted EBITDA outlooks. The company issues news releases on its capital investment plans, including spending in the Pipelines and Facilities divisions and contributions to equity-accounted investees such as Pembina Gas Infrastructure and Cedar LNG.
Project-related news often focuses on pipeline expansions and major infrastructure initiatives. Examples include expansions of the Peace Pipeline system, development of the Fox Creek-to-Namao expansion, the Taylor-to-Gordondale project, and the Birch-to-Taylor NEBC system expansion. Pembina also reports on progress at its gas processing and fractionation facilities, such as the Wapiti Expansion, the K3 cogeneration facility, and the RFS IV propane-plus fractionator at the Redwater Complex.
Pembina’s news flow also covers LNG and export developments, particularly the Cedar LNG project, where the company has announced long-term liquefaction capacity agreements with counterparties such as PETRONAS and Ovintiv. Additional items include regulatory milestones for assets like the Alliance Pipeline and updates on new platforms such as the Greenlight Electricity Centre, a proposed gas-fired power generation project in Alberta.
Capital markets and corporate news can feature subordinated note offerings, preferred share dividend declarations, and conference call and webcast details for earnings releases. For readers tracking PBA, this news page provides an organized view of Pembina’s operational progress, project milestones, financing activities, and strategic initiatives across its integrated midstream network.
Pembina Pipeline Corporation (NYSE:PBA) has filed its audited consolidated financial statements for the year ended December 31, 2022, with Canadian securities authorities and the U.S. Securities and Exchange Commission. The filings include related management's discussion and analysis and the annual information form. Copies of the documents are available on SEDAR, SEC, and Pembina's website. Pembina continues to serve North America's energy industry for over 65 years, providing an integrated network of energy solutions. Investors can request printed copies of the financial statements via Investor Relations.
Pembina Pipeline Corporation (PBA) reported record financial and operating results for 2022, with earnings of $2,971 million and adjusted EBITDA of $3,746 million. The company sanctioned a $460 million expansion at the Redwater Complex to meet customer demand. A common share cash dividend of $0.6525 per share was declared for Q1 2023, payable on March 31, 2023. Despite challenges, Pembina is optimistic about growth opportunities in a lower-carbon economy and plans to enhance utilization of assets in 2023, guiding for adjusted EBITDA between $3.5 billion and $3.8 billion while maintaining its strong financial position.
Pembina Pipeline Corporation (NYSE: PBA) announced that holders of 1,028,130 of its 16 million Cumulative Redeemable Minimum Rate Reset Class A Preferred Shares, Series 21, have opted to convert these shares into Cumulative Redeemable Floating Rate Class A Preferred Shares, Series 22. This conversion will reduce the Series 21 Shares to 14,971,870 and create 1,028,130 Series 22 Shares, effective March 1, 2023. The Series 21 and Series 22 Shares will be listed on the Toronto Stock Exchange under the symbols PPL.PF.A and PPL.PF.B, respectively. Pembina continues to provide essential energy transportation and midstream services across North America.
Pembina Pipeline Corporation (NYSE: PBA) announced that no Cumulative Redeemable Minimum Rate Reset Class A Preferred Shares, Series 25 will convert to Series 26 Shares on February 15, 2023. The decision follows a review of conversion notices, revealing less than 1,000,000 Series 25 Shares were tendered by the January 31, 2023 deadline. Pembina, a leading energy transportation and midstream service provider, operates an extensive network of hydrocarbon liquids and natural gas pipelines, contributing to North America's energy industry for over 65 years. For more details, visit pembina.com.
Pembina Pipeline Corporation (NYSE: PBA) announced it will not redeem the outstanding Cumulative Redeemable Minimum Rate Reset Class A Preferred Shares, Series 21, on March 1, 2023. Instead, holders can convert these shares into Series 22 Shares on a one-for-one basis. The annual dividend for Series 21 Shares will be 6.302% from March 1, 2023, to March 1, 2028, while Series 22 Shares will have a floating rate of 7.706% for the period ending June 1, 2023. The dividend payable on March 1, 2023, will be $0.30625 per Series 21 Share. Holders must convert their shares by February 14, 2023, to benefit from this option.
Pembina Pipeline Corporation (NYSE: PBA) announced it will not redeem its Cumulative Redeemable Minimum Rate Reset Class A Preferred Shares, Series 25, on February 15, 2023. Instead, holders can convert Series 25 Shares to Series 26 Shares at a conversion rate effective the same day. The annual dividend for Series 25 will be set at 6.481%, while Series 26 will feature a floating rate dividend of 7.866% for the first three months. The quarterly dividend for Series 25 will be $0.325 per share, paid to holders of record by January 31, 2023. Additional quarterly dividends for various preferred shares have been declared, with payment dates throughout 2023.
Pembina Pipeline Corporation (TSX: PPL, NYSE: PBA) announced 2023 financial guidance projecting adjusted EBITDA of $3.5 to $3.8 billion, supported by a $730 million investment program entirely funded by cash flow. The sale of Pembina Gas Infrastructure's interest in the Key Access Pipeline System for $662.5 million will strengthen the balance sheet and facilitate debt repayment. The company will focus on optimizing existing assets and pursuing new projects, like the reactivation of the Nipisi Pipeline and expansion at Redwater, to enhance capacity.
Pembina Pipeline Corporation (PBA) has declared a cash dividend of $0.2175 per share for December 2022, payable on December 30, 2022, to shareholders of record by December 15, 2022. This dividend is categorized as an 'eligible dividend' for Canadian income tax. For U.S. shareholders, the expected dividend is approximately $0.1615 per share, subject to currency exchange rates and taxes. Additionally, Pembina plans to transition to quarterly dividends beginning March 2023, pending Board approval.
Pembina Pipeline Corporation (NYSE: PBA) announced a settlement agreement with Ruby Pipeline LLC, which includes a payment of US$102 million. The agreement will release Pembina from various claims related to Ruby's bankruptcy, pending approval from the U.S. Bankruptcy Court in Delaware on January 23, 2023. If approved, Pembina's affiliates will maintain their rights as creditors under the 2026 Subordinated Notes. This settlement could provide clarity and resolution to Pembina's financial involvement with Ruby.
Pembina Pipeline Corporation (NYSE: PBA) has declared a cash dividend of $0.2175 per share for November 2022, payable on December 15, 2022, to shareholders recorded by November 25, 2022. This dividend is considered an "eligible dividend" for Canadian tax purposes. For U.S. investors, the expected dividend is approximately $0.1596 per share, subject to exchange rates and withholding taxes. Pembina plans to transition to quarterly dividends beginning in March 2023, moving away from the current monthly payment structure.