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.
Pembina Pipeline Corporation (symbol: PBA) is a leading transportation and midstream service provider that has been a stalwart player in North America's energy sector for over 60 years. Based in Calgary, Alberta, Pembina owns and operates pipelines that transport a variety of hydrocarbon liquids, including conventional and synthetic crude oil, heavy oil, oil sands products, condensate (diluent), and natural gas liquids produced in Western Canada.
Pembina's extensive asset base does not just comprise pipelines; it also includes gas gathering and processing facilities, and an oil and natural gas liquids infrastructure and logistics business. With strategically located facilities in Western Canada and significant markets in Eastern Canada and the U.S., Pembina offers an integrated suite of midstream and marketing services across the hydrocarbon value chain.
Recent Achievements: Pembina recently expanded its asset portfolio by acquiring a 50% interest in the Alliance Pipeline and a 42.7% interest in Aux Sable from Enbridge Inc. for $3.1 billion. This acquisition is a milestone that strengthens Pembina's position in the market and aligns with its strategic growth plans.
In addition to its physical assets, Pembina boasts a team of experienced professionals dedicated to creating investor value through operational excellence and strategic partnerships. Pembina's integrated assets and commercial operations enable the company to offer essential services to the energy sector, making it a crucial player in North America's energy infrastructure.
Pembina's financial condition remains robust, supported by diverse revenue streams and efficient operations. The company is well-positioned to meet the evolving needs of the energy market, driven by a commitment to reliability and sustainability.
For more detailed and the latest updates, you can always check the latest news and press releases directly on Pembina’s official website or through financial news platforms.
Pembina Pipeline Corporation has appointed Scott Burrows as the new President and Chief Executive Officer, concluding an executive search process. Burrows, who previously served as Chief Financial Officer for seven years, has also been appointed to the Board. The company announced additional executive changes, including Jaret Sprott as Chief Operating Officer, Pipelines and Facilities, and Eva Bishop as Senior Vice President, Corporate Services. These appointments aim to enhance leadership and capitalize on opportunities within the midstream sector.
Pembina Pipeline Corporation (NYSE: PBA) announced a cash dividend of $0.21 per common share for February 2022, payable on March 15, 2022, to shareholders on record as of February 25, 2022. For those receiving dividends in U.S. funds, the amount is approximately $0.1656 per share before taxes, dependent on the exchange rate at the payment date. Pembina continues to maintain a consistent monthly dividend policy, supporting its commitment to delivering reliable shareholder returns.
Pembina Pipeline Corporation (NYSE: PBA) has declared a cash dividend of $0.21 per common share for January 2022, payable on February 15, 2022, to shareholders of record on January 25, 2022. The U.S. equivalent of the dividend is approximately $0.1651 per share. Additionally, quarterly dividends for various preferred shares have been announced, with payment dates ranging from February 15 to March 31, 2022. The company will also release its fourth-quarter results on February 24, 2022.
Pembina Pipeline Corporation (PBA) has successfully closed a $1.0 billion offering of senior unsecured medium-term notes. The offering comprised two tranches: $500 million in Series 17 Notes with a 3.53% fixed coupon, maturing on December 10, 2031, and $500 million in Series 18 Notes with a 4.49% fixed coupon, maturing on December 10, 2051. The proceeds will be used to repay existing debt under a $2.5 billion revolving credit facility and for general corporate purposes. The offering was announced on December 8, 2021, and follows a base shelf prospectus dated November 29, 2021.
Pembina Pipeline Corporation (PBA) announced a $1.0 billion public offering of senior unsecured medium-term notes, split into two tranches: $500 million with a 3.53% fixed coupon maturing in 2031 and $500 million with a 4.49% coupon maturing in 2051. The closing is expected on December 10, 2021. Proceeds will be used to repay debt under a $2.5 billion revolving credit facility and for general corporate purposes. The notes are not registered in the USA and there are no guarantees on the completion timeline.
Pembina Pipeline Corporation (PBA) has declared a common share cash dividend of $0.21 per share for December 2021, payable on January 14, 2022 to shareholders of record by December 31, 2021. For U.S. shareholders, the dividend is approximately $0.1639 per share, subject to withholding tax. Pembina pays monthly cash dividends, with record dates on the 25th of each month, except December. Additionally, Pembina announced a conference call on December 8, 2021 to discuss its business outlook and ESG initiatives.
Pembina Pipeline Corporation (NYSE: PBA) announced a leadership transition as Mick Dilger stepped down as President and CEO. Scott Burrows, previously CFO, will serve as interim CEO while the Board searches for a permanent replacement. Pembina reiterated its full-year guidance for adjusted EBITDA of $3.3 - $3.4 billion for 2021 and plans to update capital budget forecasts in December. Under Dilger's leadership, the company expanded significantly, achieving a market capitalization of approximately $35 billion. This transition aims to maintain momentum into 2022.
Pembina Pipeline Corporation (NYSE: PBA) has declared a cash dividend of $0.21 per common share for November 2021, which will be paid on December 15, 2021, to shareholders of record as of November 24, 2021. For U.S. shareholders, this dividend equates to approximately $0.1691 based on the current exchange rate. Pembina maintains a policy of paying dividends monthly, with the payment date typically set for the 15th day following the record date.
Pembina Pipeline Corporation (PBA) reported strong financial results for Q3 2021, with earnings of $588 million and adjusted EBITDA of $850 million, reflecting robust pricing across all commodities. Notably, the company received a $350 million fee related to the termination of the Inter Pipeline acquisition. Total revenue surged to $2.149 billion, up from $1.496 billion year-over-year. The company also announced plans to reduce greenhouse gas emissions by 30% by 2030. However, a decrease in pipeline and facility volumes was noted, contributing to a cautious outlook for certain divisions.
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