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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 (NYSE: PBA) announced that none of its Cumulative Redeemable Rate Reset Class A Preferred Shares, Series 9, will convert into Series 10 Shares on December 1, 2020. The company received less than the required 1,000,000 conversion requests by the November 16 deadline, thus no conversions will occur. Pembina, based in Calgary, is a key player in the transportation and midstream services for North America's energy industry, focusing on various hydrocarbon liquids and natural gas products. Its commitment includes enhancing infrastructure connecting production to demand markets.
Pembina Pipeline Corporation (PBA) has declared a cash dividend of $0.21 per common share for November 2020, payable on December 15, 2020, to shareholders on record as of November 25, 2020. This dividend will be issued in Canadian dollars and designated as an eligible dividend for Canadian tax purposes. For U.S. holders, this dividend equates to approximately U.S. $0.1599 per share, subject to applicable withholding taxes. Pembina has a consistent monthly dividend policy and is a leader in North America's energy sector, focusing on integrated midstream services.
Pembina Pipeline Corporation reported its third-quarter 2020 results, with total revenue of $1.569 billion, down from $1.700 billion in 2019. Net revenue rose to $849 million, while gross profit decreased to $563 million. Earnings fell to $318 million, a 14% decrease year-over-year. Adjusted EBITDA increased 8% to $796 million. The company maintains a strong balance sheet with liquidity of $2.5 billion. Despite challenges from COVID-19, Pembina expects adjusted EBITDA for 2020 to be $3.25 billion to $3.30 billion.
Pembina Pipeline Corporation (PBA) announced it will not redeem its Cumulative Redeemable Rate Reset Class A Preferred Shares, Series 9, on December 1, 2020. Instead, holders can convert their Series 9 Shares into Series 10 Shares. The dividend for Series 9 Shares is set at 4.302% until December 2025, while Series 10 Shares will have a floating rate of 3.996% for the initial three-month period. The conversion period is from November 2 to November 16, 2020. The dividend payable on December 1, 2020, is $0.296875 per Series 9 Share.
Pembina Pipeline Corporation (NYSE: PBA) announced a common share cash dividend of $0.21 per share for October 2020, payable on November 13, 2020 to shareholders on record as of October 23, 2020. This dividend is classified as an 'eligible dividend' for Canadian tax purposes. For U.S. fund recipients, the dividend is approximately $0.1583 per share, subject to exchange rates. Additionally, quarterly dividends for preferred shares were declared, with various payment dates set for December 2020.
Pembina Pipeline Corporation (NYSE: PBA) has declared a cash dividend of $0.21 per common share for September 2020, payable on October 15, 2020, to shareholders on record by September 25, 2020. For U.S. shareholders, the dividend is projected to be approximately $0.1607 per share. Pembina, a leading energy infrastructure provider based in Calgary, has a 65-year history of serving North America's energy sector, focusing on pipelines and midstream services.
Pembina Pipeline Corporation (PBA) declared a cash dividend of $0.21 per common share for August 2020, payable on September 15, 2020, to shareholders of record on August 25, 2020. This dividend is categorized as an 'eligible dividend' for Canadian tax purposes. For U.S. shareholders, the expected dividend is approximately $0.1583 per share before applicable taxes. Pembina highlights its commitment to delivering integrated infrastructure solutions and aims to provide sustainable returns to investors.
Pembina Pipeline Corporation (NYSE: PBA) reported its second-quarter 2020 results, showcasing resilience amid the COVID-19 pandemic and declining global energy prices. The company anticipates adjusted EBITDA for the year will be between $3.25 billion and $3.55 billion, slightly below previous forecasts. Despite a 62% drop in earnings to $253 million, adjusted EBITDA rose 3% year-over-year to $789 million, driven by contributions from the recent Kinder Acquisition. Cash flow from operating activities decreased by 3%, totaling $642 million, while accounts receivable remain 97% current, indicating strong counterparty management.
Pembina Pipeline Corporation (NYSE: PBA) declared a cash dividend of $0.21 per common share for July 2020, payable on August 14, 2020. The record date is set for July 24, 2020. Shareholders receiving dividends in U.S. funds can expect approximately $0.1548 per share, subject to withholding tax. Quarterly preferred share dividends were also announced, with varying payment dates. Pembina will release its second-quarter results on August 6, 2020, with a conference call on August 7, 2020.
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