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 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.
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.
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