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) 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.
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.