Pembina Pipeline Stock Price, News & Analysis

Pembina Pipeline Corporation (PBA) announced that the Canadian Competition Bureau has issued a no-action letter for its joint venture transaction with KKR, allowing them to proceed with the deal. This joint venture, set to close in August 2022, will combine their natural gas processing assets into a new entity called Newco. A divestiture of a 50% non-operated interest in the Key Access Pipeline System is also part of this agreement. This collaboration aims to enhance efficiencies, reduce costs, and improve customer service across western Canada.

Pembina Pipeline Corporation (NYSE: PBA) announced a common share cash dividend of $0.21 per share for July 2022, payable on August 15, 2022, to shareholders of record as of July 25, 2022. Non-resident shareholders may be subject to Canadian withholding tax. The company also declared quarterly dividends for several preferred shares, with specific payment dates in September and October 2022. Pembina will release its second quarter results on August 4, 2022 and host a conference call on August 5, 2022.

Pembina Pipeline Corporation (PBA) has declared a monthly cash dividend of $0.21 per common share for June 2022, payable on July 15, 2022. Shareholders of record as of June 24, 2022 will receive this dividend, which is deemed an eligible dividend for Canadian tax purposes. For U.S. shareholders, the dividend will be approximately $0.1667 before withholding tax. Pembina maintains a consistent dividend policy, issuing payments monthly and aims to provide sustainable returns to investors.

Pembina Pipeline Corporation (PBA) announced the voting results from its annual meeting held on May 6, 2022. A total of 320,822,849 common shares, representing 58.13% of outstanding shares, were voted. Key outcomes included the election of 12 directors with favorable votes ranging from 87.99% to 99.70%, the appointment of KPMG LLP as auditors with 87.55% approval, and the continuation of the shareholder rights plan with 94.83% support. Additionally, the executive compensation approach received 88.01% approval.

Pembina Pipeline Corporation (PBA) has declared a cash dividend of $0.21 per common share for May 2022, payable on June 15, 2022, to shareholders of record by May 25, 2022. This dividend qualifies as an 'eligible dividend' for Canadian tax purposes, while non-resident shareholders may face Canadian withholding tax. For those receiving dividends in U.S. funds, the amount is expected to be around $0.1639 per share, subject to exchange rate fluctuations. Pembina is a leading energy transportation provider in North America.

Pembina Pipeline Corporation (PBA) reported strong first quarter 2022 results, showcasing earnings of $481 million, a 50% increase from the previous year. Adjusted EBITDA reached a record $1 billion, up 20%, driven by high natural gas liquids and crude oil prices. The company raised its 2022 adjusted EBITDA guidance to between $3.45 billion and $3.6 billion. Key developments include expanding the Peace Pipeline and a long-term agreement with a Montney producer. The Alberta Carbon Grid project has been selected to advance carbon capture initiatives, reflecting Pembina's commitment to sustainability.

Pembina Pipeline Corporation (TSX: PPL; NYSE: PBA) announced a cash dividend of $0.21 per common share for April 2022, payable on May 13, 2022, to shareholders of record on April 25, 2022. For non-residents, the expected dividend in U.S. funds is approximately $0.1687 per share. Additionally, various quarterly preferred share dividends were declared, with amounts ranging from $0.268875 to $0.328125. Pembina will also release its first-quarter 2022 results on May 5, 2022, followed by a conference call on May 6, 2022.

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.