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Pembina Pipeline - PBA STOCK NEWS

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.

Overview of Pembina Pipeline Corporation

Pembina Pipeline Corporation (NYSE: PBA) is a leading North American energy transportation and midstream service provider with over 70 years of experience in the industry. The company owns and operates an extensive network of pipelines, gas gathering and processing facilities, and hydrocarbon storage and export terminals. These assets are strategically located in Western Canada, Eastern Canada, and the United States, enabling Pembina to play a critical role in connecting energy producers with end markets across the continent and beyond.

Core Business Areas

Pembina's operations are organized into three primary segments:

  • Pipeline Transportation: Pembina owns and operates pipelines that transport a wide range of hydrocarbon products, including conventional and synthetic crude oil, heavy oil, oil sands products, condensate, and natural gas liquids (NGLs). These pipelines provide reliable and cost-effective transportation solutions for producers in Western Canada and the U.S.
  • Gas Gathering and Processing: The company operates an extensive network of gas gathering systems and processing facilities. These assets are designed to capture and process natural gas and its associated liquids, ensuring efficient and environmentally responsible operations.
  • Midstream and Marketing Services: Pembina offers a full spectrum of midstream services, including fractionation, storage, and marketing of natural gas liquids. Its integrated approach allows the company to provide customized solutions that meet the diverse needs of its customers.

Integrated Value Chain

One of Pembina's key differentiators is its integrated value chain, which spans the entire hydrocarbon lifecycle. From transportation and processing to storage and marketing, Pembina's interconnected assets and commercial operations enable it to deliver seamless energy solutions. This integration not only enhances operational efficiency but also provides customers with a one-stop-shop for their midstream needs.

Geographic and Strategic Advantage

Pembina's assets are strategically located in energy-rich regions such as Western Canada and key natural gas liquids markets in Eastern Canada and the U.S. This geographic positioning allows Pembina to capitalize on proximity to major production basins like the Montney and Duvernay formations, as well as access to export markets. The company's export terminals further extend its reach, enabling international trade and enhancing its competitive positioning.

Competitive Landscape

Pembina operates in a highly competitive midstream sector, facing competition from other large players such as Enbridge and TC Energy. However, Pembina's integrated asset base, geographic focus, and ability to provide end-to-end solutions set it apart. Its commitment to operational excellence and customer service further strengthens its market position.

Challenges and Opportunities

Like other companies in the energy sector, Pembina faces challenges such as regulatory scrutiny, environmental concerns, and market volatility. However, its diversified asset portfolio and integrated business model provide resilience against these challenges. Additionally, Pembina's focus on innovation and strategic partnerships positions it to capitalize on emerging opportunities in the energy transition and infrastructure development.

Significance in the Energy Industry

As a critical link in the energy value chain, Pembina plays a vital role in ensuring the safe and efficient transportation and processing of hydrocarbons. Its operations not only support energy producers but also contribute to the reliability and sustainability of North America's energy infrastructure. By leveraging its extensive experience and strategically located assets, Pembina continues to deliver value to its customers, investors, and communities.

Rhea-AI Summary
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 (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 (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 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 (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 (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 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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Pembina Pipeline Corporation announced that it will not redeem its outstanding Cumulative Redeemable Rate Reset Class A Preferred Shares, Series 1 on December 1, 2023. Holders of the Series 1 Shares will have the option to convert them into Cumulative Redeemable Floating Rate Class A Preferred Shares, Series 2. The annual dividend rate for the Series 1 Shares for the five-year period from December 1, 2023, to December 1, 2028, will be 6.525 percent. The annual dividend rate for the Series 2 Shares for the three-month period from December 1, 2023, to March 1, 2024, will be 7.631 percent.
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Pembina Pipeline Corporation declares quarterly dividends for preferred shares. Dividends payable on specified dates.
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FAQ

What is the current stock price of Pembina Pipeline (PBA)?

The current stock price of Pembina Pipeline (PBA) is $38.48 as of March 3, 2025.

What is the market cap of Pembina Pipeline (PBA)?

The market cap of Pembina Pipeline (PBA) is approximately 22.6B.

What does Pembina Pipeline Corporation do?

Pembina Pipeline Corporation provides transportation, processing, and storage solutions for hydrocarbons, including crude oil, natural gas, and natural gas liquids.

How does Pembina Pipeline generate revenue?

Pembina generates revenue through its pipeline transportation services, gas gathering and processing operations, and midstream marketing and storage services.

What sets Pembina apart from its competitors?

Pembina's integrated value chain, strategic geographic positioning, and diverse asset base differentiate it from competitors in the midstream energy sector.

Where are Pembina's assets located?

Pembina's assets are primarily located in Western Canada, with additional facilities in Eastern Canada and the United States, including export terminals.

What types of hydrocarbons does Pembina handle?

Pembina transports and processes a wide range of hydrocarbons, including crude oil, heavy oil, oil sands products, condensate, and natural gas liquids.

What is Pembina's role in the energy value chain?

Pembina acts as a critical link in the energy value chain, providing transportation, processing, and storage services that connect producers to end markets.

Does Pembina operate export terminals?

Yes, Pembina operates export terminals, enabling it to facilitate international trade and expand its market reach beyond North America.

What challenges does Pembina face in its industry?

Pembina faces challenges such as regulatory scrutiny, environmental concerns, and market volatility, but its integrated business model provides resilience.

What industries does Pembina serve?

Pembina primarily serves the oil and gas industry, providing midstream and transportation solutions to energy producers and end-users.

How does Pembina contribute to North America's energy infrastructure?

Pembina enhances North America's energy infrastructure by providing safe, reliable, and efficient transportation and processing solutions for hydrocarbons.
Pembina Pipeline

NYSE:PBA

PBA Rankings

PBA Stock Data

22.59B
579.95M
0.05%
63.47%
0.72%
Oil & Gas Midstream
Energy
Link
Canada
Calgary