CALGARY, Feb. 14, 2019 /CNW/ – Inter Pipeline Ltd. (“Inter Pipeline”) (TSX:IPL) announced today the declaration of a cash dividend of $0.1425 per share for February 2019. This dividend will be paid on or about March 15, 2019 to shareholders of record on February 25, 2019. This dividend is designated as an “eligible dividend” for Canadian tax purposes.

Since inception, Inter Pipeline has distributed approximately $5 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 of … Continue Reading

CALGARY, Jan. 25, 2019 /CNW/ – Inter Pipeline Ltd. (“Inter Pipeline”) (TSX:IPL) will announce its year end and fourth quarter 2018 financial and operating results on February 14, 2019. A conference call and webcast has been scheduled for February 15, 2019 at 9:00 a.m. MT (11:00 a.m. ET) for interested shareholders, analysts and media representatives.

To participate in the conference call, please dial 1 (888) 231-8191. The conference ID is 7276635. A replay of the conference call will be available until November 16, 2018 by calling 1 (855) 859-2056. The code for the replay is 7276635.… Continue Reading

CALGARY, Jan. 9, 2019 /CNW/ – Inter Pipeline Ltd. (“Inter Pipeline”) (TSX:IPL) announced today the declaration of a cash dividend of $0.1425 per share for January 2019. This dividend will be paid on or about February 15, 2019 to shareholders of record on January 22, 2019. This dividend is designated as an “eligible dividend” for Canadian tax purposes.

Since inception, Inter Pipeline has distributed approximately $5.1 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 of … Continue Reading

CALGARY, Dec. 10, 2018 /CNW/ – Inter Pipeline Ltd. (“Inter Pipeline”) (TSX:IPL) announced today the declaration of a cash dividend of $0.1425 per share for December 2018. This dividend will be paid on or about January 15, 2019 to shareholders of record on December 21, 2018. This dividend is designated as an “eligible dividend” for Canadian tax purposes.

Since inception, Inter Pipeline has distributed approximately $5.0 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 of … Continue Reading

CALGARY, Dec. 3, 2018 /CNW/ – Inter Pipeline Ltd. (“Inter Pipeline”) (TSX: IPL) announced today a $1.46 billion capital expenditure program for 2019. Approximately $1.34 billion, or 92 percent, of total capital expenditures will be for organic growth initiatives with the remaining invested in sustaining capital projects.

“Our 2019 capital program will largely be focused on construction activities related to the $3.5 billion Heartland Petrochemical Complex,” stated Christian Bayle, Inter Pipeline’s President and CEO. “This transformational investment is proceeding according to plan with an expected completion date of late 2021. Rounding out our capital program will be … Continue Reading

CALGARY, Nov. 30, 2018 /CNW/ – Inter Pipeline Ltd. (“Inter Pipeline”) (TSX: IPL) announced today that its European storage subsidiary, Inter Terminals Ltd., has successfully closed the acquisition of NuStar Energy, L.P.’s European bulk liquid storage business (“NuStar Europe”) for cash consideration of USD$270 million, subject to closing adjustments.

The acquisition increases Inter Terminals storage capacity by 9.1 million barrels, or 33 percent, to approximately 37 million barrels.  Historically, NuStar Europe has generated stable cash flow underpinned by cost-of-service and fee-based contracts with a diverse range of customers.

The acquisition was funded by the net proceeds from a … Continue Reading

CALGARY, Nov. 8, 2018 /CNW/ – Inter Pipeline Ltd. (“Inter Pipeline”) (TSX: IPL) announced today that its board of directors has approved a 1.8 percent increase to its monthly cash dividend from $0.14 to $0.1425 per share. Inter Pipeline has increased its dividend for 10 consecutive years.

On an annualized basis, dividends will increase by $0.03 per share from $1.68 to $1.71. Shareholders of record as of November 22, 2018 will be eligible for Inter Pipeline’s new monthly dividend rate of $0.1425 per share, with payment expected on or about December 14, 2018. Inter Pipeline’s dividend payments … Continue Reading

CALGARY, Nov. 8, 2018 /CNW/ – Inter Pipeline Ltd. (“Inter Pipeline”) (TSX: IPL) today announced record financial and operating results for the three and nine month periods ended September 30, 2018.

Third Quarter Highlights

Funds from operations (FFO) totalled a quarterly record of $300 million, an 11 percent increase over third quarter 2017

NGL processing business generated quarterly record FFO of $135 million

Net income for the quarter was a record $169 million, a 19 percent increase over third quarter 2017

Declared cash dividends of $163 million, or $0.42 per share

Attractive quarterly payout ratio

… Continue Reading

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CALGARY, Nov. 7, 2018 /CNW/ – Inter Pipeline Ltd. (“Inter Pipeline”) (TSX: IPL) announced today that it has closed its previously announced equity offering of 9,620,000 common shares at $20.80 per share for gross proceeds of $200,096,000. The offering was made on a bought deal basis through a syndicate of underwriters led by TD Securities Inc., as sole bookrunner, and co-led by BMO Capital Markets.

Inter Pipeline will use the net proceeds of the offering to partially fund the previously announced acquisition of  … Continue Reading

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

CALGARY, Oct. 30, 2018 /CNW/ – Inter Pipeline Ltd. (“Inter Pipeline”) (TSX: IPL) announced today that its European storage subsidiary, Inter Terminals Ltd., has entered into an agreement to acquire 100 percent of the issued share capital of NuStar Energy, L.P.’s European bulk liquid storage business (“NuStar Europe”) for cash consideration of USD$270 million, or approximately CAD$354 million. The transaction is expected to close in the fourth quarter of 2018 and is subject to customary closing conditions.

“The addition of NuStar Europe … Continue Reading

CALGARY, Oct. 15, 2018 /CNW/ – Inter Pipeline Ltd. (“Inter Pipeline”) (TSX:IPL) will announce its third quarter 2018 financial and operating results on November 8, 2018. A conference call and webcast has been scheduled for November 9, 2018 at 9:00 a.m. MT (11:00 a.m. ET) for interested shareholders, analysts and media representatives.

To participate in the conference call, please dial 1 (888) 231-8191. The conference ID is 8096607. A replay of the conference call will be available until November 16, 2018 by calling 1 (855) 859-2056. The code for the replay is 8096607.

A live audio … Continue Reading

CALGARY, Oct. 3, 2018 /CNW/ – Inter Pipeline Ltd. (“Inter Pipeline”) (TSX:IPL) announced today the declaration of a cash dividend of $0.14 per share for October 2018. This dividend will be paid on or about November 15, 2018 to shareholders of record on October 22, 2018. This dividend is designated as an “eligible dividend” for Canadian tax purposes.

Since inception, Inter Pipeline has distributed approximately $4.9 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 of … Continue Reading