CALGARY, AB, Jan. 11, 2021 /CNW/ – Inter Pipeline Ltd. (“Inter Pipeline”) (TSX: IPL) announced today the declaration of a cash dividend of $0.04 per share for January 2021. This dividend will be paid on or about February 16, 2021 to shareholders of record on January 22, 2021. This dividend is designated as an “eligible dividend” for Canadian tax purposes.

Since inception, Inter Pipeline has distributed approximately $6.2 billion in cash payments to investors. Inter Pipeline’s objective is to provide investors with sustainable monthly cash dividends, with dividend growth upside tied to the development of Inter Pipeline’s … Continue Reading

CALGARY, AB, Dec. 10, 2020 /CNW/ – Inter Pipeline Ltd. (“Inter Pipeline”) (TSX: IPL) announced today a $1 billion capital expenditure program for 2021. Approximately $930 million, or 93 percent, of total capital expenditures will be for organic growth initiatives, with the remainder invested in sustaining capital projects.

Capital Expenditure Summary

2021 Forecast

(millions)

Growth Capital

NGL Processing

$860

Conventional Oil Pipelines

20

Oil Sands Transportation

25

Bulk Liquid Storage

10

Corporate

15

Total Growth Capital

$930

Sustaining Capital

70

Total Capital

$1,000

NGL Processing & the Heartland Petrochemical Complex

Within the NGL processing business segment, capital investment … Continue Reading

CALGARY, AB, Dec. 9, 2020 /CNW/ – Inter Pipeline Ltd. (“Inter Pipeline”) (TSX: IPL) announced today the declaration of a cash dividend of $0.04 per share for December 2020. This dividend will be paid on or about January 15, 2021 to shareholders of record on December 22, 2020. This dividend is designated as an “eligible dividend” for Canadian tax purposes.

Since inception, Inter Pipeline has distributed approximately $6.2 billion in cash payments to investors. Inter Pipeline’s objective is to provide investors with sustainable monthly cash dividends, with dividend growth upside tied to the development of Inter Pipeline’s … Continue Reading

CALGARY and EDMONTON, AB, Nov. 16, 2020 /CNW/ – Inter Pipeline Ltd. (TSX: IPL) and The Northern Alberta Institute of Technology (NAIT) will host a live virtual update on the progress of plastics waste applied research projects under the $10 million Plastics Research in Action (PRIA) partnership that was announced in November 2019.

Media and all interested members of the public are invited to participate. Speakers include Inter Pipeline, researchers and students from the NAIT PRIA research team and David James, Associate Deputy Minister, Natural Gas, Alberta Energy.

The Plastics Research in Action initiative, a ten-year research … Continue Reading

CALGARY, AB, Nov. 12, 2020 /CNW/ – Inter Pipeline Ltd. (“Inter Pipeline”) (TSX: IPL) announced today the successful closing for the majority of its European bulk liquid storage business to the CLH Group for cash consideration of £420 million, subject to customary closing adjustments. 

The divestiture includes 18 million barrels of storage capacity across 15 storage terminals located in the United Kingdom, Ireland, Netherlands and Germany. Proceeds will be used to reduce debt, strengthen Inter Pipeline’s balance sheet and assist with financing its capital expenditure program, including the Heartland Petrochemical Complex.

Inter Pipeline will continue to … Continue Reading

CALGARY, AB, Nov. 12, 2020 /CNW/ – Inter Pipeline Ltd. (“Inter Pipeline”) (TSX:IPL) announced today the declaration of a cash dividend of $0.04 per share for November 2020. This dividend will be paid on or about December 15, 2020 to shareholders of record on November 23, 2020. This dividend is designated as an “eligible dividend” for Canadian tax purposes.

Since inception, Inter Pipeline has distributed approximately $6.1 billion in cash payments to investors. Inter Pipeline’s objective is to provide investors with sustainable monthly cash dividends, with dividend growth upside tied to the development of Inter Pipeline’s portfolio … Continue Reading

CALGARY, AB, Nov. 12, 2020 /CNW/ – Inter Pipeline Ltd. (“Inter Pipeline”) (TSX: IPL) today announced its financial and operating results for the three and nine months ended September 30, 2020.

Third Quarter Highlights

Funds from operations (FFO) totalled $196 million
 

Net income for the quarter was $39 million

Declared cash dividends of $52 million or $0.12 per share

Quarterly payout ratio* of 26 percent

Total pipeline throughput averaged 1,222,000 barrels per day (b/d)

Entered agreement to divest the majority of European storage business for approximately $715 million

Announced acquisition of Milk River pipeline system in exchange for

… Continue Reading

CALGARY, AB, Oct. 7, 2020 /CNW/ – Inter Pipeline Ltd. (“Inter Pipeline”) (TSX: IPL) announced today the declaration of a cash dividend of $0.04 per share for October 2020. This dividend will be paid on or about November 16, 2020 to shareholders of record on October 22, 2020. This dividend is designated as an “eligible dividend” for Canadian tax purposes.

Since inception, Inter Pipeline has distributed approximately $6.1 billion in cash payments to investors. Inter Pipeline’s objective is to provide investors with sustainable monthly cash dividends, with dividend growth upside tied to the development of Inter Pipeline’s … Continue Reading

CALGARY, AB, Sept. 28, 2020 /CNW/ – Inter Pipeline Ltd. (“Inter Pipeline”) (TSX: IPL) announced today that it has agreed to acquire the Milk River pipeline system from Plains Midstream Canada ULC (“Plains”), a wholly owned subsidiary of Plains All American Pipeline, L.P., in exchange for its 100 percent ownership interest in the Empress II and 50 percent ownership interest in the Empress V straddle plants. Plains will also pay Inter Pipeline cash proceeds of $35 million. Closing of this transaction is expected to occur in early 2021 following completion of customary conditions.

“This transaction is expected to … Continue Reading

CALGARY, AB, Sept. 22, 2020 /CNW/ – Inter Pipeline Ltd. (“Inter Pipeline”) (TSX: IPL) announced today that it has entered into a definitive agreement to divest a major portion of its European bulk liquid storage business to the CLH Group, the leading bulk liquid product logistics company in Europe. Proceeds from the transaction will be £420 million, or approximately $715 million at current exchange rates, before customary closing adjustments. The transaction is expected to be completed in the fourth quarter of 2020, subject to the satisfaction of closing conditions and regulatory approvals typical for the industry. 

The divestiture includes … Continue Reading

CALGARY, AB, Sept. 8, 2020 /CNW/ – Inter Pipeline Ltd. (“Inter Pipeline”) (TSX:IPL) announced today the declaration of a cash dividend of $0.04 per share for September 2020. This dividend will be paid on or about October 15, 2020 to shareholders of record on September 22, 2020. This dividend is designated as an “eligible dividend” for Canadian tax purposes.

Since inception, Inter Pipeline has distributed approximately $6.1 billion in cash payments to investors. Inter Pipeline’s objective is to provide investors with sustainable monthly cash dividends, with dividend growth upside tied to the development of Inter Pipeline’s portfolio … Continue Reading

CALGARY, AB, Aug. 6, 2020 /CNW/ – Inter Pipeline Ltd. (“Inter Pipeline”) (TSX:IPL) announced today the declaration of a cash dividend of $0.04 per share for August 2020. This dividend will be paid on or about September 15, 2020 to shareholders of record on August 21, 2020. This dividend is designated as an “eligible dividend” for Canadian tax purposes.

Since inception, Inter Pipeline has distributed approximately $6.1 billion in cash payments to investors. Inter Pipeline’s objective is to provide investors with sustainable monthly cash dividends, with dividend growth upside tied to the development of Inter Pipeline’s portfolio … Continue Reading