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Pembina Pipeline Corporation reports developments in its energy transportation and midstream business, which includes hydrocarbon liquids and natural gas pipelines, gas gathering and processing, oil and natural gas liquids infrastructure, logistics services and an export terminals business. The company’s common shares trade as PBA on the NYSE and PPL on the TSX.
Recurring updates include quarterly and annual operating results, adjusted EBITDA and cash flow measures, guidance, common and preferred share dividends, and shareholder meeting outcomes. Company news also covers volume trends and commercial activity across systems such as Alliance Pipeline, Cochin Pipeline, Peace Pipeline, conventional pipeline corridors, PGI gas processing and the Redwater Complex, along with capital projects and Marketing & New Ventures activity tied to natural gas liquids and export capacity.
Pembina Pipeline Corporation (PBA) announced a $600 million offering of 4.80% Fixed-to-Fixed Rate Subordinated Notes, Series 1, due January 25, 2081. The offering is expected to close on or about this date, pending customary conditions. Proceeds will primarily be used to redeem outstanding Series 11 and Series 13 Preferred Shares, repay debt, and for general corporate purposes. The offering is managed by a syndicate including RBC Capital Markets and Scotiabank. Note that these notes are not registered under U.S. securities laws.
Pembina Pipeline Corporation (PBA) announced on January 11, 2021, that it is considering an offering of hybrid subordinated debt securities. The potential proceeds will be used to redeem outstanding preferred shares, repay other debts, and for general corporate purposes. However, the completion of the offering is uncertain, alongside terms and timing. The hybrid securities won't be registered in the U.S. and thus cannot be sold within the country. Pembina remains focused on connecting hydrocarbon production to emerging markets while navigating various operational risks.
Pembina Pipeline Corporation (PBA) has declared a common share cash dividend of $0.21 per share for January 2021, payable on February 12, 2021, to shareholders of record on January 25, 2021. Additionally, dividends for various preferred shares are announced, with payment dates ranging from March 1 to February 16. The January dividend for U.S. shareholders is approximately $0.1653 before taxes. Pembina will also release its fourth-quarter results on February 25, 2021, with a conference call scheduled for the following day.
Pembina Pipeline Corporation has announced its 2021 financial guidance, forecasting adjusted EBITDA between $3.2 billion and $3.4 billion, supported by a capital investment program of $785 million. The reactivation of Phase VII Peace Pipeline Expansion and Empress Co-generation Facility projects is confirmed. However, the ongoing COVID-19 pandemic has led to the indefinite suspension of its joint venture petrochemical facility due to significant risks. The company's anticipated cash flow from operations is expected to allow for discretionary cash generation for debt reduction or share repurchases.
Pembina Pipeline Corporation (TSX: PPL, NYSE: PBA) announced a cash dividend of $0.21 per share for December 2020, payable on January 15, 2021, to shareholders of record as of December 31, 2020. This dividend is recognized as an 'eligible dividend' for Canadian tax purposes and approximately $0.1641 per share for U.S. shareholders, subject to withholding tax. Pembina plans to continue its monthly dividend payments, confirming its commitment to returning value to shareholders.
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Pembina Pipeline Corporation (NYSE: PBA) announced that none of its Cumulative Redeemable Rate Reset Class A Preferred Shares, Series 9, will convert into Series 10 Shares on December 1, 2020. The company received less than the required 1,000,000 conversion requests by the November 16 deadline, thus no conversions will occur. Pembina, based in Calgary, is a key player in the transportation and midstream services for North America's energy industry, focusing on various hydrocarbon liquids and natural gas products. Its commitment includes enhancing infrastructure connecting production to demand markets.
Pembina Pipeline Corporation (PBA) has declared a cash dividend of $0.21 per common share for November 2020, payable on December 15, 2020, to shareholders on record as of November 25, 2020. This dividend will be issued in Canadian dollars and designated as an eligible dividend for Canadian tax purposes. For U.S. holders, this dividend equates to approximately U.S. $0.1599 per share, subject to applicable withholding taxes. Pembina has a consistent monthly dividend policy and is a leader in North America's energy sector, focusing on integrated midstream services.
Pembina Pipeline Corporation reported its third-quarter 2020 results, with total revenue of $1.569 billion, down from $1.700 billion in 2019. Net revenue rose to $849 million, while gross profit decreased to $563 million. Earnings fell to $318 million, a 14% decrease year-over-year. Adjusted EBITDA increased 8% to $796 million. The company maintains a strong balance sheet with liquidity of $2.5 billion. Despite challenges from COVID-19, Pembina expects adjusted EBITDA for 2020 to be $3.25 billion to $3.30 billion.
Pembina Pipeline Corporation (PBA) announced it will not redeem its Cumulative Redeemable Rate Reset Class A Preferred Shares, Series 9, on December 1, 2020. Instead, holders can convert their Series 9 Shares into Series 10 Shares. The dividend for Series 9 Shares is set at 4.302% until December 2025, while Series 10 Shares will have a floating rate of 3.996% for the initial three-month period. The conversion period is from November 2 to November 16, 2020. The dividend payable on December 1, 2020, is $0.296875 per Series 9 Share.