Welcome to our dedicated page for PEMBINA PIPELINE CORPORATION news (Ticker: $PBA), a resource for investors and traders seeking the latest updates and insights on PEMBINA PIPELINE CORPORATION stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect PEMBINA PIPELINE CORPORATION's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of PEMBINA PIPELINE CORPORATION's position in the market.
Rhea-AI Summary
Pembina Pipeline Corporation announces that none of its Cumulative Redeemable Rate Reset Class A Preferred Shares, Series 3 will be converted into Series 4 Shares on March 1, 2024, due to insufficient conversions received by the deadline.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.32%
Tags
-
Rhea-AI Summary
Pembina Pipeline Corporation announced that it will not redeem its currently outstanding Cumulative Redeemable Rate Reset Class A Preferred Shares, Series 3 on March 1, 2024. Holders of the Series 3 Shares will have the right to convert them into Cumulative Redeemable Floating Rate Class A Preferred Shares, Series 4 on a one-for-one basis on March 1, 2024. The annual dividend rates for the Series 3 and Series 4 Shares have been specified, and beneficial holders of Series 3 Shares have until February 15, 2024, to exercise their right of conversion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.15%
Tags
-
Rhea-AI Summary
Pembina Pipeline Corporation (Pembina) (TSX: PPL; NYSE: PBA) has successfully closed an offering of $1.8 billion aggregate principal amount of senior unsecured medium-term notes. The net proceeds will be used to fund a portion of a previously announced acquisition, repay indebtedness, and for general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.47%
Tags
Rhea-AI Summary
Pembina Pipeline Corporation (Pembina) (TSX: PPL; NYSE: PBA) has announced an agreement to issue $1.8 billion aggregate principal amount of senior unsecured medium-term notes, with the proceeds intended for a major acquisition, debt repayment, and general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.09%
Tags
-
Rhea-AI Summary
Pembina Pipeline Corporation (Pembina) (TSX: PPL; NYSE: PBA) declares quarterly dividends for its preferred shares and schedules a conference call for its fourth quarter 2023 results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.51%
Tags
-
Rhea-AI Summary
Pembina Pipeline Corporation (Pembina) (TSX: PPL; NYSE: PBA) has closed its bought deal offering of subscription receipts, issuing 29,900,000 Subscription Receipts at an offering price of $42.85 per Subscription Receipt for total gross proceeds of approximately $1.28 billion. The net proceeds will be used to fund a portion of the purchase price of Pembina's previously announced acquisition of all of the interests of Enbridge Inc. in the Alliance, Aux Sable and NRGreen joint ventures. The Acquisition is expected to close in the first half of 2024, subject to customary closing conditions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.39%
Tags
Rhea-AI Summary
Enbridge Inc. (ENB) sells its interests in Alliance Pipeline and Aux Sable to Pembina Pipeline Corporation for $3.1 billion, reinforcing its capital recycling program and commitment to optimizing its portfolio. The sale price represents an attractive valuation of approximately 11 times projected 2024 EBITDA for Alliance and approximately 7 times for Aux Sable, in line with other commodity-exposed businesses.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.23%
Tags
-
Rhea-AI Summary
Pembina Pipeline Corporation (Pembina) (TSX: PPL; NYSE: PBA) has announced its 2024 financial guidance and provided a business update. The company expects adjusted EBITDA of $3.725 billion to $4.025 billion in 2024, driven by volume growth, new asset placements, and favorable commodity prices. The 2024 capital investment program of $880 million is expected to be fully funded with cash flow from operating activities, net of dividends.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.33%
Tags
-
Rhea-AI Summary
Pembina Pipeline Corporation (PPL) Announces No Conversion of Series 1 Shares to Series 2 Shares. Pembina Pipeline Corporation announced that none of Pembina's Cumulative Redeemable Rate Reset Class A Preferred Shares, Series 1 will be converted into Cumulative Redeemable Floating Rate Class A Preferred Shares, Series 2 on December 1, 2023. After considering all conversion notices received, less than the required number of Series 1 Shares were tendered for conversion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.98%
Tags
Rhea-AI Summary
Pembina Pipeline Corporation reported Q3 earnings of $346 million and record quarterly adjusted EBITDA of $1,021 million. The company raised its 2023 adjusted EBITDA guidance range to $3.75 billion to $3.85 billion. They also extended or signed new long-term contracts totaling 50,000 bpd on key assets and reduced the estimated project cost of the Phase VIII Peace Pipeline Expansion. The board of directors declared a common share cash dividend for Q4 2023 of $0.6675 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.23%
Tags
PEMBINA PIPELINE CORPORATION
NYSE:PBA
PBA Rankings
PBA Stock Data
20.80B
548.71M
0.04%
58.48%
1.31%
Support Activities for Oil and Gas Operations
Mining, Quarrying, and Oil and Gas Extraction
United States of America
Calgary
About PBA
at pembina, we're more than pipelines. we are a leading transportation and midstream service provider that has been serving north america's energy industry for over 60 years. pembina owns and operates pipelines that transport various hydrocarbon liquids including conventional and synthetic crude oil, heavy oil and oil sands products, condensate (diluent) and natural gas liquids produced in western canada. we also own and operate gas gathering and processing facilities and an oil and natural gas liquids infrastructure and logistics business. with facilities strategically located in western canada and in natural gas liquids markets in eastern canada and the u.s., pembina also offers a full spectrum of midstream and marketing services that spans across its operations. our integrated assets and commercial operations enable us to offer services needed by the energy sector along the hydrocarbon value chain. pembina's experienced employees are committed to creating investor value through oper