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 (TSX: PPL, NYSE: PBA) announced 2023 financial guidance projecting adjusted EBITDA of $3.5 to $3.8 billion, supported by a $730 million investment program entirely funded by cash flow. The sale of Pembina Gas Infrastructure's interest in the Key Access Pipeline System for $662.5 million will strengthen the balance sheet and facilitate debt repayment. The company will focus on optimizing existing assets and pursuing new projects, like the reactivation of the Nipisi Pipeline and expansion at Redwater, to enhance capacity.
Pembina Pipeline Corporation (PBA) has declared a cash dividend of $0.2175 per share for December 2022, payable on December 30, 2022, to shareholders of record by December 15, 2022. This dividend is categorized as an 'eligible dividend' for Canadian income tax. For U.S. shareholders, the expected dividend is approximately $0.1615 per share, subject to currency exchange rates and taxes. Additionally, Pembina plans to transition to quarterly dividends beginning March 2023, pending Board approval.
Pembina Pipeline Corporation (NYSE: PBA) announced a settlement agreement with Ruby Pipeline LLC, which includes a payment of US$102 million. The agreement will release Pembina from various claims related to Ruby's bankruptcy, pending approval from the U.S. Bankruptcy Court in Delaware on January 23, 2023. If approved, Pembina's affiliates will maintain their rights as creditors under the 2026 Subordinated Notes. This settlement could provide clarity and resolution to Pembina's financial involvement with Ruby.
Pembina Pipeline Corporation (NYSE: PBA) has declared a cash dividend of $0.2175 per share for November 2022, payable on December 15, 2022, to shareholders recorded by November 25, 2022. This dividend is considered an "eligible dividend" for Canadian tax purposes. For U.S. investors, the expected dividend is approximately $0.1596 per share, subject to exchange rates and withholding taxes. Pembina plans to transition to quarterly dividends beginning in March 2023, moving away from the current monthly payment structure.
Pembina Pipeline Corporation (PBA) reported strong third-quarter results for 2022, with earnings of CAD 1.8 billion, including a CAD 1.1 billion gain from asset sales. Adjusted EBITDA rose to CAD 967 million, driven by high marketing performance and increased pipeline volumes. The company raised its 2022 adjusted EBITDA guidance to CAD 3.625 - 3.725 billion. Pembina increased its dividend by 3.6% and repurchased 6.3 million common shares since late 2021. Notably, the Ruby Pipeline faced challenges due to bankruptcy, impacting overall contributions. The company remains optimistic about future growth amid strong industry dynamics.
Pembina Pipeline Corporation (NYSE: PBA) announced the redemption of its 12 million issued Cumulative Redeemable Minimum Rate Reset Class A Preferred Shares, Series 23 on November 15, 2022, at a price of $25.00 per share, totaling $300 million. This redemption will occur after the final quarterly dividend of $0.328125 on the same date. The company has informed the registered holder of the shares and advised non-registered holders to consult their brokers for redemption procedures.
Pembina Pipeline Corporation has declared a common share cash dividend of $0.2175 per share for October 2022, payable on November 15, 2022. Shareholders of record on October 25, 2022 will qualify. The dividend is designated as an 'eligible dividend' for Canadian tax purposes. For non-residents, it is a 'qualified dividend,' subject to withholding tax. Additionally, various preferred share dividends were announced with payment dates from December 1, 2022, to January 3, 2023. Pembina will also release its third quarter results on November 3, 2022.
Pembina Pipeline Corporation announced that none of its Series 15 Preferred Shares will convert into Series 16 Shares on October 3, 2022. The decision comes after the company confirmed that fewer than 1,000,000 Series 15 Shares were tendered for conversion by the September 19, 2022 deadline. Pembina, a leading North American energy transportation and midstream service provider, has a robust infrastructure network supporting oil and gas logistics. The company continues to focus on delivering safe and reliable energy solutions.
Pembina Pipeline Corporation has declared a cash dividend of $0.2175 per share for September 2022, with payment scheduled for October 14, 2022. Shareholders on record by September 23, 2022 will qualify for this dividend. This reflects an increase of $0.0075 per share following the closing of the Pembina Gas Infrastructure transaction. For U.S. dividends, the payment is expected to be around $0.1655 per share, depending on the Canadian/U.S. exchange rate. The company maintains a monthly dividend policy, ensuring shareholder returns.
Pembina Pipeline Corporation (TSX: PPL, NYSE: PBA) announced it will not redeem the Cumulative Redeemable Rate Reset Class A Preferred Shares, Series 15, on September 30, 2022. Shareholders can convert these into Series 16 Shares on October 3, 2022, subject to specific conditions. The Series 15 Shares will yield a 6.164% annual dividend from September 30, 2022, to September 30, 2027, while Series 16 Shares will offer a 6.238% floating rate for the first quarter. The dividend on Series 15 Shares payable on October 3, 2022, is $0.2790 per share.
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