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 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.
Pembina Pipeline Corporation has successfully closed its offering of $600 million in 4.80% Fixed-to-Fixed Rate Subordinated Notes, due January 25, 2081. The proceeds will be used to redeem 6.8 million Cumulative Redeemable Minimum Rate Reset Class A Preferred Shares (Series 11) at a total price of $170 million on March 1, 2021. The final dividend of $0.359375 per Series 11 Share will also be paid on the same date. This offers investors a significant strategic move in managing its debt and optimizing capital.