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 (TSX: PPL, NYSE: PBA) announced a mid-year business update, showcasing robust growth in pipeline and facility volumes, exceeding pre-COVID levels. Over $400 million in assets were placed into service this year, including the new Prince Rupert Terminal. The company is reactivating the Phase IX Peace Pipeline Expansion, with a projected cost of approximately $120 million. Pembina identified over $7 billion in development projects, focusing on sustainable growth and partnerships with Indigenous communities. The positive outlook is supported by strong commodity prices and anticipated record volumes.
Pembina Pipeline Corporation and the Haisla Nation have partnered to develop the Cedar LNG Project, aiming to leverage Canada's natural gas resources for global markets. This initiative, located in Kitimat, British Columbia, seeks to produce low-carbon LNG and is expected to create up to 500 construction jobs and 100 permanent positions. The project aims for a 2023 final investment decision and anticipates an operational date in 2027. The total estimated cost is around US$2.4 billion.
Pembina Pipeline Corporation (PBA) cautions Inter Pipeline Ltd. (IPL) shareholders against accepting Brookfield's hostile offer, emphasizing the value of a board-supported strategic merger between Pembina and Inter Pipeline. The merger promises a 45% premium, immediate dividend increases, and significant synergies between $150-$200 million. Pembina assures tax-deferred rollover options for Canadian shareholders, alongside substantial growth opportunities and regulatory certainty. The anticipated closing date for the merger is late-Q3/early-Q4 2021.
Pembina Pipeline Corporation (PBA) has declared a cash dividend of $0.21 per common share for June 2021, payable on July 15, 2021, to shareholders on record as of June 25, 2021. This qualifies as an 'eligible dividend' for Canadian income tax. For U.S. shareholders, the dividend is expected to be approximately $0.1742 per share. Pembina continues to emphasize its commitment to delivering sustainable, reliable services within North America's energy sector.
Pembina Pipeline Corporation and Inter Pipeline Ltd. have entered into a share-for-share agreement, marking a significant transaction valued at approximately $15.2 billion, including debt. This deal aims to create one of Canada’s largest energy infrastructure firms, with a combined enterprise value of $53 billion. The merger is expected to generate $150 to $200 million in annual synergies and enhance cash flow by $1.1 to $1.4 billion post-dividends. Inter Pipeline shareholders will receive a premium of 17.8% per share, leading to a 175% dividend increase upon transaction closure.
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.
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