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 has appointed Cameron Goldade as Chief Financial Officer, concluding a thorough executive search. Goldade, who was interim CFO since November 2021, has extensive experience in energy finance. Concurrently, Henry Sykes will take over as Chair of the Board of Directors starting January 1, 2023, succeeding Randall Findlay, who will retire after 16 years. The leadership changes aim to enhance Pembina's strategic positioning in the midstream energy sector.
Pembina Pipeline Corporation (NYSE: PBA) has successfully completed its joint venture with KKR, establishing Pembina Gas Infrastructure Inc. (PGI), a major gas processing entity in Western Canada. PGI combines natural gas processing assets with a capacity of 5 billion cubic feet per day, enhancing service offerings in the Montney and Duverney formations. The Board of Directors has also approved a dividend increase of 3.6%, with the first increased dividend expected in September. This partnership aims to drive growth and operational efficiencies while benefiting stakeholders.
Pembina Pipeline Corporation (TSX: PPL, NYSE: PBA) has declared a cash dividend of $0.21 per common share for August 2022, payable on September 15, 2022, to shareholders of record by August 25, 2022. For U.S. shareholders, the dividend is expected to be approximately $0.1633 per share, subject to applicable Canadian withholding tax. Pembina distributes monthly dividends, emphasizing its commitment to delivering sustainable returns to its investors.
Pembina Pipeline Corporation (PBA) announced that the Canadian Competition Bureau has issued a no-action letter for its joint venture transaction with KKR, allowing them to proceed with the deal. This joint venture, set to close in August 2022, will combine their natural gas processing assets into a new entity called Newco. A divestiture of a 50% non-operated interest in the Key Access Pipeline System is also part of this agreement. This collaboration aims to enhance efficiencies, reduce costs, and improve customer service across western Canada.
Pembina Pipeline Corporation (NYSE: PBA) announced a common share cash dividend of $0.21 per share for July 2022, payable on August 15, 2022, to shareholders of record as of July 25, 2022. Non-resident shareholders may be subject to Canadian withholding tax. The company also declared quarterly dividends for several preferred shares, with specific payment dates in September and October 2022. Pembina will release its second quarter results on August 4, 2022 and host a conference call on August 5, 2022.
Pembina Pipeline Corporation (PBA) has declared a monthly cash dividend of $0.21 per common share for June 2022, payable on July 15, 2022. Shareholders of record as of June 24, 2022 will receive this dividend, which is deemed an eligible dividend for Canadian tax purposes. For U.S. shareholders, the dividend will be approximately $0.1667 before withholding tax. Pembina maintains a consistent dividend policy, issuing payments monthly and aims to provide sustainable returns to investors.
Pembina Pipeline Corporation (PBA) announced the voting results from its annual meeting held on May 6, 2022. A total of 320,822,849 common shares, representing 58.13% of outstanding shares, were voted. Key outcomes included the election of 12 directors with favorable votes ranging from 87.99% to 99.70%, the appointment of KPMG LLP as auditors with 87.55% approval, and the continuation of the shareholder rights plan with 94.83% support. Additionally, the executive compensation approach received 88.01% approval.
Pembina Pipeline Corporation (PBA) has declared a cash dividend of $0.21 per common share for May 2022, payable on June 15, 2022, to shareholders of record by May 25, 2022. This dividend qualifies as an 'eligible dividend' for Canadian tax purposes, while non-resident shareholders may face Canadian withholding tax. For those receiving dividends in U.S. funds, the amount is expected to be around $0.1639 per share, subject to exchange rate fluctuations. Pembina is a leading energy transportation provider in North America.
Pembina Pipeline Corporation (PBA) reported strong first quarter 2022 results, showcasing earnings of $481 million, a 50% increase from the previous year. Adjusted EBITDA reached a record $1 billion, up 20%, driven by high natural gas liquids and crude oil prices. The company raised its 2022 adjusted EBITDA guidance to between $3.45 billion and $3.6 billion. Key developments include expanding the Peace Pipeline and a long-term agreement with a Montney producer. The Alberta Carbon Grid project has been selected to advance carbon capture initiatives, reflecting Pembina's commitment to sustainability.
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