Pembina Pipeline Stock Price, News & Analysis

Pembina Pipeline Corporation (NYSE:PBA) has declared dividends for its preferred shares, including Series 1, 3, 5, 7, 9, 15, 17, 19, 21, 22, and 25. The dividends are as follows: Series 1 at $0.306625, Series 3 at $0.279875, Series 5 at $0.285813, Series 7 at $0.273750, Series 9 at $0.268875, Series 15 at $0.385250, Series 17 at $0.301313, Series 19 at $0.292750, Series 21 at $0.393875, Series 22 at $0.485584, and Series 25 at $0.405063. Payment dates for these dividends range from May 15 to June 30, 2023. The company will also release its first quarter 2023 results on May 4, 2023, followed by a conference call on May 5, 2023.

The Haisla Nation and Pembina Pipeline have marked a significant milestone with the receipt of the Environmental Assessment Certificate for the Cedar LNG Project in Kitimat, British Columbia. This project, located on Haisla Nation-owned land, is set to export three million tonnes of LNG annually, leveraging Canada’s natural gas supply for global markets. A 20-year liquefaction services agreement has also been signed with ARC Resources for 1.5 million tonnes per year. Cedar LNG aims to be one of the lowest-emitting LNG facilities, powered by renewable electricity and utilizing existing infrastructure to minimize environmental impact.

Pembina Pipeline Corporation (NYSE: PBA) announced the renewal of its normal course issuer bid (NCIB) approved by the Toronto Stock Exchange. The NCIB allows Pembina to repurchase up to 27,516,835 common shares, equating to five percent of its outstanding shares, commencing March 10, 2023, and expiring March 9, 2024. Pembina aims to leverage its financial resources effectively, as current market prices may not reflect its shares' intrinsic value. The previous NCIB allowed for the repurchase of 27,518,100 shares, with 7,154,228 shares bought at an average price of $46.55.

Pembina Pipeline Corporation (NYSE:PBA) has filed its audited consolidated financial statements for the year ended December 31, 2022, with Canadian securities authorities and the U.S. Securities and Exchange Commission. The filings include related management's discussion and analysis and the annual information form. Copies of the documents are available on SEDAR, SEC, and Pembina's website. Pembina continues to serve North America's energy industry for over 65 years, providing an integrated network of energy solutions. Investors can request printed copies of the financial statements via Investor Relations.

Pembina Pipeline Corporation (PBA) reported record financial and operating results for 2022, with earnings of $2,971 million and adjusted EBITDA of $3,746 million. The company sanctioned a $460 million expansion at the Redwater Complex to meet customer demand. A common share cash dividend of $0.6525 per share was declared for Q1 2023, payable on March 31, 2023. Despite challenges, Pembina is optimistic about growth opportunities in a lower-carbon economy and plans to enhance utilization of assets in 2023, guiding for adjusted EBITDA between $3.5 billion and $3.8 billion while maintaining its strong financial position.

Pembina Pipeline Corporation (NYSE: PBA) announced that holders of 1,028,130 of its 16 million Cumulative Redeemable Minimum Rate Reset Class A Preferred Shares, Series 21, have opted to convert these shares into Cumulative Redeemable Floating Rate Class A Preferred Shares, Series 22. This conversion will reduce the Series 21 Shares to 14,971,870 and create 1,028,130 Series 22 Shares, effective March 1, 2023. The Series 21 and Series 22 Shares will be listed on the Toronto Stock Exchange under the symbols PPL.PF.A and PPL.PF.B, respectively. Pembina continues to provide essential energy transportation and midstream services across North America.

Pembina Pipeline Corporation (NYSE: PBA) announced that no Cumulative Redeemable Minimum Rate Reset Class A Preferred Shares, Series 25 will convert to Series 26 Shares on February 15, 2023. The decision follows a review of conversion notices, revealing less than 1,000,000 Series 25 Shares were tendered by the January 31, 2023 deadline. Pembina, a leading energy transportation and midstream service provider, operates an extensive network of hydrocarbon liquids and natural gas pipelines, contributing to North America's energy industry for over 65 years. For more details, visit pembina.com.

Pembina Pipeline Corporation (NYSE: PBA) announced it will not redeem the outstanding Cumulative Redeemable Minimum Rate Reset Class A Preferred Shares, Series 21, on March 1, 2023. Instead, holders can convert these shares into Series 22 Shares on a one-for-one basis. The annual dividend for Series 21 Shares will be 6.302% from March 1, 2023, to March 1, 2028, while Series 22 Shares will have a floating rate of 7.706% for the period ending June 1, 2023. The dividend payable on March 1, 2023, will be $0.30625 per Series 21 Share. Holders must convert their shares by February 14, 2023, to benefit from this option.

Pembina Pipeline Corporation (NYSE: PBA) announced it will not redeem its Cumulative Redeemable Minimum Rate Reset Class A Preferred Shares, Series 25, on February 15, 2023. Instead, holders can convert Series 25 Shares to Series 26 Shares at a conversion rate effective the same day. The annual dividend for Series 25 will be set at 6.481%, while Series 26 will feature a floating rate dividend of 7.866% for the first three months. The quarterly dividend for Series 25 will be $0.325 per share, paid to holders of record by January 31, 2023. Additional quarterly dividends for various preferred shares have been declared, with payment dates throughout 2023.