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 (NYSE: PBA) announced a common share cash dividend of $0.21 per share for September 2021, payable on October 15, 2021, to shareholders of record by September 24, 2021. This dividend is classified as an "eligible dividend" for Canadian tax purposes. For U.S. shareholders, it is expected to be approximately $0.1677, depending on the exchange rate. Pembina pays monthly dividends, with a record date typically on the 25th of each month and payment on the 15th of the following month.
Pembina Pipeline Corporation (PBA) declared a cash dividend of $0.21 per share for August 2021, payable on September 15, 2021. Shareholders of record by August 25, 2021 will receive the dividend, which qualifies as an eligible dividend for Canadian tax purposes. The expected U.S. dollar equivalent is $0.1674 before applicable withholding tax. Pembina continues its monthly dividend payments, reinforcing its commitment to delivering value to shareholders.
Pembina Pipeline Corporation reported its second quarter 2021 results, highlighting an updated adjusted EBITDA guidance of $3.3 to $3.4 billion. Key financial metrics included adjusted EBITDA of $778 million, a 1% decrease compared to 2020. Total revenue reached $1.954 billion, up from $1.268 billion in Q2 2020. Despite a 9% drop in cash flow from operating activities to $584 million, volumes rose to 3,500 mboe/d, reflecting strong demand. Pembina also announced three significant partnerships and received a $350 million termination fee after ending its acquisition of Inter Pipeline.
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Pembina Pipeline Corporation (PBA) confirmed it will not change the share exchange ratio of 0.50 common shares in its proposed acquisition of Inter Pipeline Ltd. (IPL). The board of directors of Inter Pipeline has unanimously recommended this Strategic Combination.
Shareholders are urged to vote in favor by the proxy voting deadlines on July 27, 2021, with the transaction expected to close in late Q3 or early Q4 2021.
Pembina Pipeline Corporation announced that the Alberta Securities Commission (ASC) upheld its proposed acquisition plan with Inter Pipeline and confirmed a $350 million break fee that may be payable by Inter Pipeline under certain conditions. The ASC dismissed Brookfield's bid application and established a higher minimum tender condition for Brookfield's takeover bid at 55% of the shares. This decision protects shareholder rights and emphasizes the advantages of the Pembina-Inter Pipeline Arrangement, which proposes a significant increase in dividends and aims to create a leading energy infrastructure firm.
Pembina Pipeline Corporation has declared a common share cash dividend of $0.21 per share for July 2021, payable on August 13, 2021 to shareholders of record as of July 23, 2021. This dividend is recognized as an 'eligible dividend' for Canadian tax purposes. For U.S. shareholders, the equivalent cash dividend is approximately $0.1687 per share. The Board of Directors also announced several quarterly preferred share dividends with varying payment dates in September 2021.
Pembina Pipeline Corporation (PBA) has filed a Joint Circular for a special virtual meeting scheduled for July 29, 2021, to discuss a proposed strategic combination with Inter Pipeline Ltd. The deal, endorsed by both boards, aims to create a leading energy infrastructure company in Canada. Shareholders of Inter Pipeline will receive 0.5 Pembina shares for each of their shares, equating to an immediate value of $20.06. This combination is expected to enhance shareholder value through increased dividends, synergies, and growth opportunities.
Pembina Pipeline Corporation (PBA) and Inter Pipeline Ltd. have filed cross-applications with the Alberta Securities Commission to address disclosure issues related to Brookfield's hostile takeover offer for Inter Pipeline. Pembina's CEO emphasized the importance of transparency for shareholders in choosing between offers. The Inter Pipeline Board supports Pembina's strategic share-exchange transaction, offering a 175% dividend increase for shareholders. Pembina seeks regulatory relief to ensure fair processes and protect shareholder rights against Brookfield's tactics.
Pembina Pipeline Corporation (PBA) and TC Energy are collaborating on a world-scale carbon transportation and sequestration system, the Alberta Carbon Grid (ACG). This project aims to transport over 20 million tonnes of CO2 annually, enhancing emissions management for industries in Alberta. The system will utilize existing pipeline infrastructure, facilitating a cost-effective and environmentally friendly solution.
With a target operational date for the first phase in 2025, the ACG is pivotal in supporting Canada’s climate targets and economic growth, creating jobs and promoting a lower-carbon future.
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