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 (PBA) reported strong third-quarter results for 2022, with earnings of CAD 1.8 billion, including a CAD 1.1 billion gain from asset sales. Adjusted EBITDA rose to CAD 967 million, driven by high marketing performance and increased pipeline volumes. The company raised its 2022 adjusted EBITDA guidance to CAD 3.625 - 3.725 billion. Pembina increased its dividend by 3.6% and repurchased 6.3 million common shares since late 2021. Notably, the Ruby Pipeline faced challenges due to bankruptcy, impacting overall contributions. The company remains optimistic about future growth amid strong industry dynamics.
Pembina Pipeline Corporation (NYSE: PBA) announced the redemption of its 12 million issued Cumulative Redeemable Minimum Rate Reset Class A Preferred Shares, Series 23 on November 15, 2022, at a price of $25.00 per share, totaling $300 million. This redemption will occur after the final quarterly dividend of $0.328125 on the same date. The company has informed the registered holder of the shares and advised non-registered holders to consult their brokers for redemption procedures.
Pembina Pipeline Corporation has declared a common share cash dividend of $0.2175 per share for October 2022, payable on November 15, 2022. Shareholders of record on October 25, 2022 will qualify. The dividend is designated as an 'eligible dividend' for Canadian tax purposes. For non-residents, it is a 'qualified dividend,' subject to withholding tax. Additionally, various preferred share dividends were announced with payment dates from December 1, 2022, to January 3, 2023. Pembina will also release its third quarter results on November 3, 2022.
Pembina Pipeline Corporation announced that none of its Series 15 Preferred Shares will convert into Series 16 Shares on October 3, 2022. The decision comes after the company confirmed that fewer than 1,000,000 Series 15 Shares were tendered for conversion by the September 19, 2022 deadline. Pembina, a leading North American energy transportation and midstream service provider, has a robust infrastructure network supporting oil and gas logistics. The company continues to focus on delivering safe and reliable energy solutions.
Pembina Pipeline Corporation has declared a cash dividend of $0.2175 per share for September 2022, with payment scheduled for October 14, 2022. Shareholders on record by September 23, 2022 will qualify for this dividend. This reflects an increase of $0.0075 per share following the closing of the Pembina Gas Infrastructure transaction. For U.S. dividends, the payment is expected to be around $0.1655 per share, depending on the Canadian/U.S. exchange rate. The company maintains a monthly dividend policy, ensuring shareholder returns.
Pembina Pipeline Corporation (TSX: PPL, NYSE: PBA) announced it will not redeem the Cumulative Redeemable Rate Reset Class A Preferred Shares, Series 15, on September 30, 2022. Shareholders can convert these into Series 16 Shares on October 3, 2022, subject to specific conditions. The Series 15 Shares will yield a 6.164% annual dividend from September 30, 2022, to September 30, 2027, while Series 16 Shares will offer a 6.238% floating rate for the first quarter. The dividend on Series 15 Shares payable on October 3, 2022, is $0.2790 per share.
Pembina Pipeline Corporation has appointed Cameron Goldade as Chief Financial Officer, concluding a thorough executive search. Goldade, who was interim CFO since November 2021, has extensive experience in energy finance. Concurrently, Henry Sykes will take over as Chair of the Board of Directors starting January 1, 2023, succeeding Randall Findlay, who will retire after 16 years. The leadership changes aim to enhance Pembina's strategic positioning in the midstream energy sector.
Pembina Pipeline Corporation (NYSE: PBA) has successfully completed its joint venture with KKR, establishing Pembina Gas Infrastructure Inc. (PGI), a major gas processing entity in Western Canada. PGI combines natural gas processing assets with a capacity of 5 billion cubic feet per day, enhancing service offerings in the Montney and Duverney formations. The Board of Directors has also approved a dividend increase of 3.6%, with the first increased dividend expected in September. This partnership aims to drive growth and operational efficiencies while benefiting stakeholders.
Pembina Pipeline Corporation (TSX: PPL, NYSE: PBA) has declared a cash dividend of $0.21 per common share for August 2022, payable on September 15, 2022, to shareholders of record by August 25, 2022. For U.S. shareholders, the dividend is expected to be approximately $0.1633 per share, subject to applicable Canadian withholding tax. Pembina distributes monthly dividends, emphasizing its commitment to delivering sustainable returns to its investors.
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