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 and the Haisla Nation have partnered to develop the Cedar LNG Project, aiming to leverage Canada's natural gas resources for global markets. This initiative, located in Kitimat, British Columbia, seeks to produce low-carbon LNG and is expected to create up to 500 construction jobs and 100 permanent positions. The project aims for a 2023 final investment decision and anticipates an operational date in 2027. The total estimated cost is around US$2.4 billion.
Pembina Pipeline Corporation (PBA) cautions Inter Pipeline Ltd. (IPL) shareholders against accepting Brookfield's hostile offer, emphasizing the value of a board-supported strategic merger between Pembina and Inter Pipeline. The merger promises a 45% premium, immediate dividend increases, and significant synergies between $150-$200 million. Pembina assures tax-deferred rollover options for Canadian shareholders, alongside substantial growth opportunities and regulatory certainty. The anticipated closing date for the merger is late-Q3/early-Q4 2021.
Pembina Pipeline Corporation (PBA) has declared a cash dividend of $0.21 per common share for June 2021, payable on July 15, 2021, to shareholders on record as of June 25, 2021. This qualifies as an 'eligible dividend' for Canadian income tax. For U.S. shareholders, the dividend is expected to be approximately $0.1742 per share. Pembina continues to emphasize its commitment to delivering sustainable, reliable services within North America's energy sector.
Pembina Pipeline Corporation and Inter Pipeline Ltd. have entered into a share-for-share agreement, marking a significant transaction valued at approximately $15.2 billion, including debt. This deal aims to create one of Canada’s largest energy infrastructure firms, with a combined enterprise value of $53 billion. The merger is expected to generate $150 to $200 million in annual synergies and enhance cash flow by $1.1 to $1.4 billion post-dividends. Inter Pipeline shareholders will receive a premium of 17.8% per share, leading to a 175% dividend increase upon transaction closure.
Pembina Pipeline Corporation (PBA) announced the results of its annual shareholder meeting held on May 7, 2021, with 328,903,599 shares (59.81%) voted. All 11 director nominees were elected, with Cynthia Carroll receiving 98.11% in favor. KPMG LLP was appointed as auditors. The overall approach to executive compensation was approved by 93.75% of votes. Pembina, a major North American midstream service provider, continues to focus on expanding its infrastructure and services to enhance shareholder value.
Pembina Pipeline Corporation (PBA) announced a cash dividend of $0.21 per common share for May 2021, payable on June 15, 2021, to shareholders of record as of May 25, 2021. This dividend, categorized as an eligible dividend for Canadian tax purposes, is approximately $0.17 per share for U.S. shareholders, subject to currency fluctuations and withholding tax. Pembina pays dividends monthly, with the next record date falling on the 25th of each month. The company has been a key player in North America's energy sector for over 65 years, focusing on midstream services.
Pembina Pipeline Corporation (TSX: PPL, NYSE: PBA) reported strong Q1 2021 results with earnings of $320 million and adjusted EBITDA of $835 million, consistent with Q1 2020. The results benefited from higher natural gas liquids and crude oil prices, despite hedging losses. The Prince Rupert Terminal commenced operations, enhancing global market access. An agreement with Mitsui will ensure cargo sales from the terminal. Additionally, Pembina signed a long-term renewable energy purchase agreement, aiming for significant emissions reductions. Executive transitions occurred with retirements and promotions.
Pembina Pipeline Corporation (PBA) plans to redeem all 10 million of its issued Series 13 Preferred Shares on June 1, 2021, at a redemption price of $25 each, totaling $250 million. This will be financed using proceeds from a recent $600 million subordinated notes offering. Additionally, Pembina's Board declared a cash dividend of $0.21 per common share for April 2021, payable on May 14, 2021. The Series 13 preferred shares will also provide a final dividend of $0.359375, payable on June 1, 2021.
Pembina Pipeline Corporation (PBA) announced a cash dividend of $0.21 per common share for March 2021, payable on April 15, 2021, to shareholders of record by March 25, 2021. The dividend is classified as an 'eligible dividend' for Canadian tax purposes. For U.S. shareholders, this equates to approximately $0.1663 per share, subject to currency fluctuations and Canadian withholding taxes. Pembina is dedicated to providing integrated infrastructure solutions in North America’s energy sector and aims to offer sustainable returns to its shareholders.
Pembina Pipeline Corporation (PBA) has filed its audited consolidated financial statements for the year ended December 31, 2020, along with the management's discussion and analysis. The filings include the Form 40-F with the U.S. SEC. This provides stakeholders with essential financial data. Pembina operates in North America's energy sector, focusing on transporting hydrocarbon liquids and natural gas, and continues to expand its infrastructure and services. For further details, documents can be accessed via the company's website and regulatory authorities.
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