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 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 (NYSE: PBA) has initiated a consent and proxy solicitation process for holders of its 4.80% Fixed-to-Fixed Rate Subordinated Notes, Series 1 due January 25, 2081. The company is seeking approval for amendments to the Series 1 Note Indenture that would introduce an Exchange Right allowing noteholders to exchange their Series 1 Notes for an equal principal amount of new Series 3 Notes.
The proposed amendments require approval from 66 2/3% of Series 1 Noteholders, either through written consent by July 22, 2025, or through voting at a meeting scheduled for July 28, 2025. The new Series 3 Notes will maintain similar economic terms but will not include provisions for preferred shares delivery during bankruptcy events, aligning them with the company's existing Series 2 Notes.
If implemented, an Automatic Exchange provision will require all remaining Series 1 Notes to be exchanged for Series 3 Notes if more than 66 2/3% of noteholders exercise their Exchange Right. Noteholders who don't consent to the amendments may experience capital gains or losses for Canadian tax purposes upon automatic exchange.
["Series 3 Notes will maintain the same economic terms as Series 1 Notes, including interest rates and payment dates", "The exchange will align Series 3 Notes with existing Series 2 Notes in payment rights", "Provides noteholders with flexibility through Exchange Right option"]- Election of 11 directors with strong approval ratings, notably J. Scott Burrows receiving 99.59% approval and Alister Cowan with 99.82%
- KPMG LLP was reappointed as auditors with 89.36% approval
- Shareholders approved continuing the company's shareholder rights plan with 93.69% support
- The company's executive compensation approach received strong endorsement with 96.74% approval
Pembina Pipeline Corporation reported strong Q1 2025 financial results with earnings of $502 million, adjusted EBITDA of $1,167 million, and adjusted cash flow from operating activities of $777 million ($1.34 per share). The company announced a 3% increase in quarterly dividend to $0.71 per share, payable June 30, 2025.
The company is trending towards the midpoint of its 2025 adjusted EBITDA guidance range of $4.2-4.5 billion. Revenue increased significantly to $2,282 million, up from $1,540 million in Q1 2024. Pembina continues to benefit from growth across the Canadian energy industry with rising utilization on conventional pipeline systems and at Pembina Gas Infrastructure.
Notable developments include new commercial agreements with a leading Montney producer, progress on various construction projects including RFS IV and Cedar LNG Project, and the acquisition of Enbridge's interests in Alliance joint venture.
Pembina Pipeline (TSX: PPL; NYSE: PBA) has announced quarterly dividend declarations for its preferred shares Series 1, 3, 5, 7, 9, 15, 17, 19, 21, and 25. The dividends will be paid across different dates in May and June 2025:
- Series 1, 3, 5, 7, 9, and 21 dividends are payable on June 2, 2025 (record date: May 1, 2025)
- Series 15, 17, and 19 dividends are payable on June 30, 2025 (record date: June 16, 2025)
- Series 25 dividends are payable on May 15, 2025 (record date: April 30, 2025)
Additionally, the company will release its first quarter 2025 results on May 8, 2025, after markets close, followed by a conference call and webcast on May 9, 2025, at 8:00 a.m. MT.
Pembina Pipeline (TSX: PPL; NYSE: PBA) has announced the filing of its 2024 year-end disclosure documents. The company has submitted its audited consolidated financial statements, management's discussion and analysis, and annual information form for the year ended December 31, 2024, with Canadian securities regulatory authorities. Additionally, Pembina has filed its Form 40-F with the U.S. Securities and Exchange Commission.
These documents are accessible through various platforms including SEDARPlus, SEC website, and Pembina's investor relations section. Shareholders can request printed copies of the audited consolidated financial statements and related management's discussion free of charge through investor relations.
Pembina Pipeline (NYSE: PBA) has acquired a 50% stake in Greenlight Electricity Centre Partnership, partnering with Kineticor Holdings LP #3. The joint venture is developing the Greenlight Electricity Centre (GLEC), a proposed multi-phased gas-fired power facility with up to 1,800 MW capacity and carbon capture capabilities, alongside an 1,800 MW data centre complex in Alberta's Industrial Heartland.
The project, managed by Kineticor, will be developed in 450 MW modular phases to match market demand. Currently in Stage 3 of the AESO interconnection process, GLEC targets grid interconnection by early 2027. The facility can either supply power to co-located data centres or feed directly into Alberta's power grid.
This development aligns with Alberta's goal to attract $100 billion in data centre investments by 2030. The strategic location offers access to transmission lines, utility infrastructure, carbon sequestration, and fiber connectivity.