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.
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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.