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Pembina Pipeline Corporation (PBA) delivers essential midstream energy services through its North American network of pipelines, processing facilities, and logistics infrastructure. This news hub provides investors and industry professionals with centralized access to official announcements, operational updates, and strategic developments.
Track Pembina's latest earnings reports, infrastructure expansions, and partnership initiatives through verified press releases and curated analysis. Our repository includes updates on pipeline operations, gas processing projects, and market-driven adaptations within the hydrocarbon value chain.
Discover timely information on Pembina's contracted transportation services, storage solutions, and energy transition initiatives. Key coverage areas include asset acquisitions, environmental stewardship programs, and regulatory filings that impact long-term operational strategy.
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Pembina Pipeline Corporation (PBA) reported strong financial results for 2021, achieving record adjusted EBITDA of $3.43 billion, exceeding their guidance range by 5%. The company posted net revenue of $3.94 billion, marking a 14% increase from the previous year. Earnings for the year reached $1.24 billion, a significant turnaround from a loss of $316 million in 2020. The fourth quarter saw a net revenue of $1.08 billion, driven by improved commodity prices and operational performance. Pembina aims to reduce its greenhouse gas emissions intensity by 30% by 2030 and is pursuing new growth opportunities in various sectors.
Pembina Pipeline Corporation has appointed Scott Burrows as the new President and Chief Executive Officer, concluding an executive search process. Burrows, who previously served as Chief Financial Officer for seven years, has also been appointed to the Board. The company announced additional executive changes, including Jaret Sprott as Chief Operating Officer, Pipelines and Facilities, and Eva Bishop as Senior Vice President, Corporate Services. These appointments aim to enhance leadership and capitalize on opportunities within the midstream sector.
Pembina Pipeline Corporation (NYSE: PBA) announced a cash dividend of $0.21 per common share for February 2022, payable on March 15, 2022, to shareholders on record as of February 25, 2022. For those receiving dividends in U.S. funds, the amount is approximately $0.1656 per share before taxes, dependent on the exchange rate at the payment date. Pembina continues to maintain a consistent monthly dividend policy, supporting its commitment to delivering reliable shareholder returns.
Pembina Pipeline Corporation (NYSE: PBA) has declared a cash dividend of $0.21 per common share for January 2022, payable on February 15, 2022, to shareholders of record on January 25, 2022. The U.S. equivalent of the dividend is approximately $0.1651 per share. Additionally, quarterly dividends for various preferred shares have been announced, with payment dates ranging from February 15 to March 31, 2022. The company will also release its fourth-quarter results on February 24, 2022.
Pembina Pipeline Corporation (PBA) has successfully closed a $1.0 billion offering of senior unsecured medium-term notes. The offering comprised two tranches: $500 million in Series 17 Notes with a 3.53% fixed coupon, maturing on December 10, 2031, and $500 million in Series 18 Notes with a 4.49% fixed coupon, maturing on December 10, 2051. The proceeds will be used to repay existing debt under a $2.5 billion revolving credit facility and for general corporate purposes. The offering was announced on December 8, 2021, and follows a base shelf prospectus dated November 29, 2021.
Pembina Pipeline Corporation (PBA) announced a $1.0 billion public offering of senior unsecured medium-term notes, split into two tranches: $500 million with a 3.53% fixed coupon maturing in 2031 and $500 million with a 4.49% coupon maturing in 2051. The closing is expected on December 10, 2021. Proceeds will be used to repay debt under a $2.5 billion revolving credit facility and for general corporate purposes. The notes are not registered in the USA and there are no guarantees on the completion timeline.
Pembina Pipeline Corporation (PBA) has declared a common share cash dividend of $0.21 per share for December 2021, payable on January 14, 2022 to shareholders of record by December 31, 2021. For U.S. shareholders, the dividend is approximately $0.1639 per share, subject to withholding tax. Pembina pays monthly cash dividends, with record dates on the 25th of each month, except December. Additionally, Pembina announced a conference call on December 8, 2021 to discuss its business outlook and ESG initiatives.
Pembina Pipeline Corporation (NYSE: PBA) announced a leadership transition as Mick Dilger stepped down as President and CEO. Scott Burrows, previously CFO, will serve as interim CEO while the Board searches for a permanent replacement. Pembina reiterated its full-year guidance for adjusted EBITDA of $3.3 - $3.4 billion for 2021 and plans to update capital budget forecasts in December. Under Dilger's leadership, the company expanded significantly, achieving a market capitalization of approximately $35 billion. This transition aims to maintain momentum into 2022.
Pembina Pipeline Corporation (NYSE: PBA) has declared a cash dividend of $0.21 per common share for November 2021, which will be paid on December 15, 2021, to shareholders of record as of November 24, 2021. For U.S. shareholders, this dividend equates to approximately $0.1691 based on the current exchange rate. Pembina maintains a policy of paying dividends monthly, with the payment date typically set for the 15th day following the record date.
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