Pembina Pipeline Stock Price, News & Analysis

Pembina Pipeline Corporation (PBA) announced the results of its annual shareholder meeting held on May 7, 2021, with 328,903,599 shares (59.81%) voted. All 11 director nominees were elected, with Cynthia Carroll receiving 98.11% in favor. KPMG LLP was appointed as auditors. The overall approach to executive compensation was approved by 93.75% of votes. Pembina, a major North American midstream service provider, continues to focus on expanding its infrastructure and services to enhance shareholder value.

Pembina Pipeline Corporation (PBA) announced a cash dividend of $0.21 per common share for May 2021, payable on June 15, 2021, to shareholders of record as of May 25, 2021. This dividend, categorized as an eligible dividend for Canadian tax purposes, is approximately $0.17 per share for U.S. shareholders, subject to currency fluctuations and withholding tax. Pembina pays dividends monthly, with the next record date falling on the 25th of each month. The company has been a key player in North America's energy sector for over 65 years, focusing on midstream services.

Pembina Pipeline Corporation (TSX: PPL, NYSE: PBA) reported strong Q1 2021 results with earnings of $320 million and adjusted EBITDA of $835 million, consistent with Q1 2020. The results benefited from higher natural gas liquids and crude oil prices, despite hedging losses. The Prince Rupert Terminal commenced operations, enhancing global market access. An agreement with Mitsui will ensure cargo sales from the terminal. Additionally, Pembina signed a long-term renewable energy purchase agreement, aiming for significant emissions reductions. Executive transitions occurred with retirements and promotions.

Pembina Pipeline Corporation (PBA) plans to redeem all 10 million of its issued Series 13 Preferred Shares on June 1, 2021, at a redemption price of $25 each, totaling $250 million. This will be financed using proceeds from a recent $600 million subordinated notes offering. Additionally, Pembina's Board declared a cash dividend of $0.21 per common share for April 2021, payable on May 14, 2021. The Series 13 preferred shares will also provide a final dividend of $0.359375, payable on June 1, 2021.

Pembina Pipeline Corporation (PBA) announced a cash dividend of $0.21 per common share for March 2021, payable on April 15, 2021, to shareholders of record by March 25, 2021. The dividend is classified as an 'eligible dividend' for Canadian tax purposes. For U.S. shareholders, this equates to approximately $0.1663 per share, subject to currency fluctuations and Canadian withholding taxes. Pembina is dedicated to providing integrated infrastructure solutions in North America’s energy sector and aims to offer sustainable returns to its shareholders.

Pembina Pipeline Corporation (PBA) has filed its audited consolidated financial statements for the year ended December 31, 2020, along with the management's discussion and analysis. The filings include the Form 40-F with the U.S. SEC. This provides stakeholders with essential financial data. Pembina operates in North America's energy sector, focusing on transporting hydrocarbon liquids and natural gas, and continues to expand its infrastructure and services. For further details, documents can be accessed via the company's website and regulatory authorities.

Pembina Pipeline Corporation (PBA) announced an approval from the Toronto Stock Exchange to initiate a normal course issuer bid (NCIB) to repurchase up to 5% of its outstanding shares, totaling approximately 27.5 million shares. The NCIB will commence on March 2, 2021, and conclude on March 1, 2022, or when the maximum shares are acquired. This repurchase aims to enhance shareholder value, as Pembina believes its shares may trade below their intrinsic worth. Purchases will be made through various exchanges at market price, with a focus on maintaining financial performance.

Pembina Pipeline Corporation reported its fourth-quarter and full-year 2020 financials, highlighting resilience amidst the pandemic. Q4 adjusted EBITDA reached a record $866 million, up 10% year-over-year, while the full-year figure was $3.281 billion, a 7% increase. Despite these gains, the company faced a Q4 loss of $1.216 billion due to significant impairment charges. Full-year cash flow from operating activities totaled $2.252 billion, down 11%, with dividends per share increasing to $2.52. Looking ahead, Pembina anticipates a favorable 2021 driven by recovering global energy demand.

Pembina Pipeline Corporation (PBA) declared a cash dividend of $0.21 per common share for February 2021, with payment scheduled for March 15, 2021, to shareholders on record by February 25, 2021. The dividend is classified as an 'eligible dividend' for Canadian tax purposes. U.S. shareholders can expect approximately $0.1638 per share before taxes. Pembina follows a monthly dividend payment policy, with records set on the 25th of each month (excluding December). The firm is a key player in the North American energy sector, offering integrated midstream services.