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PEMBINA PIPELINE CORPORATION - PBA STOCK NEWS

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.

News

Pembina Pipeline Corporation Announces Conversion Results for Series 3 Preferred Shares

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Pembina Pipeline Corporation announces that none of its Cumulative Redeemable Rate Reset Class A Preferred Shares, Series 3 will be converted into Series 4 Shares on March 1, 2024, due to insufficient conversions received by the deadline.
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Pembina Pipeline Corporation Provides Notice of Series 3 Preferred Share Conversion Right and Announces Reset Dividend Rates

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Pembina Pipeline Corporation announced that it will not redeem its currently outstanding Cumulative Redeemable Rate Reset Class A Preferred Shares, Series 3 on March 1, 2024. Holders of the Series 3 Shares will have the right to convert them into Cumulative Redeemable Floating Rate Class A Preferred Shares, Series 4 on a one-for-one basis on March 1, 2024. The annual dividend rates for the Series 3 and Series 4 Shares have been specified, and beneficial holders of Series 3 Shares have until February 15, 2024, to exercise their right of conversion.
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Pembina Pipeline Corporation Announces Closing of $1.8 Billion Public Note Offering

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Pembina Pipeline Corporation (Pembina) (TSX: PPL; NYSE: PBA) has successfully closed an offering of $1.8 billion aggregate principal amount of senior unsecured medium-term notes. The net proceeds will be used to fund a portion of a previously announced acquisition, repay indebtedness, and for general corporate purposes.
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Pembina Pipeline Corporation Announces $1.8 Billion Public Note Offering

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Pembina Pipeline Corporation (Pembina) (TSX: PPL; NYSE: PBA) has announced an agreement to issue $1.8 billion aggregate principal amount of senior unsecured medium-term notes, with the proceeds intended for a major acquisition, debt repayment, and general corporate purposes.
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Pembina Pipeline Corporation Declares Quarterly Preferred Share Dividends and Announces Fourth Quarter 2023 Results Conference Call and Webcast

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Pembina Pipeline Corporation (Pembina) (TSX: PPL; NYSE: PBA) declares quarterly dividends for its preferred shares and schedules a conference call for its fourth quarter 2023 results.
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Pembina Pipeline Corporation Announces Closing of $1.28 Billion Bought Deal Offering of Subscription Receipts

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Pembina Pipeline Corporation (Pembina) (TSX: PPL; NYSE: PBA) has closed its bought deal offering of subscription receipts, issuing 29,900,000 Subscription Receipts at an offering price of $42.85 per Subscription Receipt for total gross proceeds of approximately $1.28 billion. The net proceeds will be used to fund a portion of the purchase price of Pembina's previously announced acquisition of all of the interests of Enbridge Inc. in the Alliance, Aux Sable and NRGreen joint ventures. The Acquisition is expected to close in the first half of 2024, subject to customary closing conditions.
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Enbridge Announces $3.1 Billion Sale of its Interests in Alliance Pipeline and Aux Sable

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Enbridge Inc. (ENB) sells its interests in Alliance Pipeline and Aux Sable to Pembina Pipeline Corporation for $3.1 billion, reinforcing its capital recycling program and commitment to optimizing its portfolio. The sale price represents an attractive valuation of approximately 11 times projected 2024 EBITDA for Alliance and approximately 7 times for Aux Sable, in line with other commodity-exposed businesses.
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Pembina Pipeline Corporation Announces 2024 Guidance and Provides Business Update

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Pembina Pipeline Corporation (Pembina) (TSX: PPL; NYSE: PBA) has announced its 2024 financial guidance and provided a business update. The company expects adjusted EBITDA of $3.725 billion to $4.025 billion in 2024, driven by volume growth, new asset placements, and favorable commodity prices. The 2024 capital investment program of $880 million is expected to be fully funded with cash flow from operating activities, net of dividends.
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Pembina Pipeline Corporation Announces Conversion Results for Series 1 Preferred Shares

Rhea-AI Summary
Pembina Pipeline Corporation (PPL) Announces No Conversion of Series 1 Shares to Series 2 Shares. Pembina Pipeline Corporation announced that none of Pembina's Cumulative Redeemable Rate Reset Class A Preferred Shares, Series 1 will be converted into Cumulative Redeemable Floating Rate Class A Preferred Shares, Series 2 on December 1, 2023. After considering all conversion notices received, less than the required number of Series 1 Shares were tendered for conversion.
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Pembina Pipeline Corporation Reports Record Results for the Third Quarter 2023, Raises 2023 Guidance and Declares Quarterly Common Share Dividend

Rhea-AI Summary
Pembina Pipeline Corporation reported Q3 earnings of $346 million and record quarterly adjusted EBITDA of $1,021 million. The company raised its 2023 adjusted EBITDA guidance range to $3.75 billion to $3.85 billion. They also extended or signed new long-term contracts totaling 50,000 bpd on key assets and reduced the estimated project cost of the Phase VIII Peace Pipeline Expansion. The board of directors declared a common share cash dividend for Q4 2023 of $0.6675 per share.
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FAQ

What is the current stock price of PEMBINA PIPELINE CORPORATION (PBA)?

The current stock price of PEMBINA PIPELINE CORPORATION (PBA) is $41.81 as of November 18, 2024.

What is the market cap of PEMBINA PIPELINE CORPORATION (PBA)?

The market cap of PEMBINA PIPELINE CORPORATION (PBA) is approximately 24.4B.

What does Pembina Pipeline Corporation do?

Pembina Pipeline Corporation is a transportation and midstream service provider that owns and operates pipelines and facilities for hydrocarbon liquids and natural gas produced in North America.

Where is Pembina Pipeline Corporation headquartered?

Pembina Pipeline Corporation is headquartered in Calgary, Alberta, Canada.

What recent acquisition did Pembina Pipeline Corporation complete?

Pembina recently acquired a 50% interest in the Alliance Pipeline and a 42.7% interest in Aux Sable from Enbridge Inc. for $3.1 billion.

What types of hydrocarbons does Pembina transport?

Pembina transports conventional and synthetic crude oil, heavy oil, oil sands products, condensate (diluent), and natural gas liquids (NGLs).

What services does Pembina offer aside from pipeline transportation?

Pembina offers gas gathering and processing facilities, as well as an oil and NGL infrastructure and logistics business.

How long has Pembina Pipeline Corporation been in operation?

Pembina Pipeline Corporation has been serving North America's energy industry for over 60 years.

What markets does Pembina Pipeline Corporation serve?

Pembina serves markets in Western Canada, Eastern Canada, and the U.S., particularly in the Bakken region.

Does Pembina Pipeline Corporation offer midstream and marketing services?

Yes, Pembina provides a full spectrum of midstream and marketing services across its operations.

What is the stock symbol for Pembina Pipeline Corporation?

The stock symbol for Pembina Pipeline Corporation is PBA.

How does Pembina Pipeline Corporation create investor value?

Pembina creates investor value through operational excellence, strategic growth, and integrated services along the hydrocarbon value chain.

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PEMBINA PIPELINE CORPORATION

NYSE:PBA

PBA Rankings

#473 Ranked by Market Cap
#395 Ranked by Dividends

PBA Stock Data

24.36B
580.53M
0.05%
64.64%
0.78%
Oil & Gas Midstream
Energy
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United States of America
Calgary