Pembina Pipeline Stock Price, News & Analysis

Ruby Pipeline, a joint venture between Kinder Morgan and Pembina Pipeline Corporation, has filed for Chapter 11 bankruptcy due to an impending debt repayment obligation. Despite the filing, KMI will manage the pipeline's operations, ensuring no disruption for customers. The voluntary petition was submitted to the Bankruptcy Court in Delaware, with ongoing negotiations with bondholders expected. Stakeholders will remain informed through updates related to Ruby's reorganization.

Pembina Pipeline Corporation (PBA) announced the renewal of its normal course issuer bid (NCIB) to repurchase up to 27,518,100 common shares, equating to 5% of outstanding shares. The buyback, approved by the Toronto Stock Exchange, begins on March 10, 2022, and ends no later than March 9, 2023. Pembina aims to enhance shareholder value, believing its shares may trade below intrinsic value. The company repurchased 450,000 shares at an average price of $37.77 under the previous NCIB, indicating ongoing commitment to returning value to shareholders.

Pembina Pipeline Corporation has declared a cash dividend of $0.21 per common share for March 2022, scheduled for payment on April 14, 2022, to shareholders of record as of March 25, 2022. This dividend is classified as an "eligible dividend" for Canadian tax purposes. For U.S. shareholders, the dividend is expected to be approximately U.S. $0.1658 per share, subject to exchange rates and withholding tax. Pembina aims to provide reliable infrastructure solutions and has served the North American energy sector for over 65 years.

Pembina Pipeline Corporation (TSX: PPL, NYSE: PBA) has entered into a joint venture with KKR to combine natural gas processing assets, creating a new entity, Newco, owned 60% by Pembina and 40% by KKR. Valued at $11.4 billion, Newco will enhance operational efficiencies and customer service across western Canada. Pembina expects $700 million in cash proceeds, primarily for debt repayment and share repurchases, alongside a 3.6% dividend increase. The closing is anticipated by Q2/Q3 2022, pending regulatory approvals.

Pembina Pipeline Corporation (TSX: PPL; NYSE: PBA) has filed its audited consolidated financial statements and related documents for the year ended December 31, 2021. These filings include management's discussion and analysis and its annual information form with Canadian securities regulators, along with Form 40-F submitted to the U.S. SEC. Investors can access these documents on various platforms including sedar.com and sec.gov.

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.