CALGARY, Sept. 24, 2018 /CNW/ – Pembina Pipeline Corporation (“Pembina” or the “Company”) (TSX: PPL; NYSE: PBA) is pleased to announce an increase to its 2018 Adjusted EBITDA guidance range to $2.75 to $2.85 billion.  The Company is also pleased to announce that in conjunction with incremental volume commitments from customers on the Peace pipeline, Pembina will be developing additional pipeline and terminalling infrastructure in the Wapiti region near Grande Prairie, Alberta and in northeast B.C.  The new infrastructure will have a combined aggregate capital cost of approximately $120 million and will be underpinned by long-term, take-or-pay commitments.  … Continue Reading

CALGARY, Sept. 6, 2018 /CNW/ – Pembina Pipeline Corporation (“Pembina” or the “Company”) (TSX: PPL; NYSE: PBA) announced today that its Board of Directors declared a common share cash dividend for September 2018 of $0.19 per share to be paid, subject to applicable law, on October 15, 2018 to shareholders of record on September 25, 2018. This dividend is designated an “eligible dividend” for Canadian income tax purposes. For non-resident shareholders, Pembina’s common share dividends should be considered “qualified dividends” and may be subject to Canadian withholding tax.

For shareholders receiving their common share dividends in U.S. funds, … Continue Reading

CALGARY, Aug. 7, 2018 /CNW/ – Pembina Pipeline Corporation (“Pembina” or the “Company”) (TSX: PPL; NYSE: PBA) announced today that its Board of Directors declared a common share cash dividend for August 2018 of $0.19 per share to be paid, subject to applicable law, on September 14, 2018 to shareholders of record on August 24, 2018. This dividend is designated an “eligible dividend” for Canadian income tax purposes. For non-resident shareholders, Pembina’s common share dividends should be considered “qualified dividends” and may be subject to Canadian withholding tax.

For shareholders receiving their common share dividends in U.S. funds, … Continue Reading

Pembina reports record second quarter results including a 136 percent increase in Adjusted EBITDA over the second quarter 2017.

All financial figures are in Canadian dollars unless noted otherwise.

CALGARY, Aug. 2, 2018 /CNW/ – Pembina Pipeline Corporation (“Pembina” or the “Company”) (TSX: PPL; NYSE: PBA) announced today its financial and operating results for the second quarter of 2018.

Operational and Financial Overview

($ millions, except where noted)

3 Months Ended
June 30 
(unaudited)

6 Months Ended
June 30 
(unaudited)

2018

2017

2018

2017

Revenue

1,945

1,159

3,782

2,639

Net revenue(1)

669

444

1,388

993

Share of profit from … Continue Reading

CALGARY, June 21, 2018 /CNW/ – Pembina Pipeline Corporation (“Pembina” or the “Company”) (TSX: PPL; NYSE: PBA) announced today that in celebration of National Indigenous Peoples Day, its signature community investment program, Fuel 4 Thought, has launched in Driftpile First Nation, Sturgeon Lake Cree First Nation, Alexis Nakota Sioux First Nation and Ktunaxa Nation Council.

In partnership with Breakfast Club of Canada, Fuel 4 Thought serves a healthy breakfast to 140,000 kids across communities where Pembina operates to ensure young people have the energy they need to realize their full potential.

“We work closely with our communities and … Continue Reading

CALGARY, May 29, 2018 /CNW/ – Pembina Pipeline Corporation (“Pembina” or the “Company”) (TSX: PPL; NYSE: PBA) announced an update to its 2018 guidance range and will host its annual Investor Day.

Pembina announced today that based on strong year-to-date results and the outlook for the remainder of the year, the Company has updated its 2018 Adjusted EBITDA guidance range to $2,650 to $2,750 million.

“We are seeing strong customer demand for our services, leading to increased utilization in the Pipelines and Facilities Divisions, and rising commodity prices are driving solid performance in our Marketing business,” said Mick … Continue Reading

CALGARY, May 7, 2018 /CNW/ – Pembina Pipeline Corporation (“Pembina” or the “Company”) (TSX: PPL; NYSE: PBA) reported the voting results from its annual meeting of shareholders held May 4, 2018 in Calgary, Alberta (the “Meeting”). Each of the matters voted upon at the Meeting is discussed in detail in the Company’s Management Information Circular dated March 16, 2018 (the “Information Circular”) and is available on the Company’s website under “Investor Centre – Shareholder Information” at www.pembina.com.

A total of 314,090,320 common shares representing 62.40 percent of the Company’s issued and outstanding shares were voted in person and … Continue Reading

Pembina reports first quarter results under new Divisional organizational structure and announces a 5.6 percent dividend increase

All financial figures are in Canadian dollars unless noted otherwise.

CALGARY, May 3, 2018 /CNW/ – Pembina Pipeline Corporation (“Pembina” or the “Company”) (TSX: PPL; NYSE: PBA) announced today its financial and operating results for the first quarter of 2018.

Operational and Financial Overview

($ millions, except where noted)

3 Months Ended
March 31
(unaudited)

2018

2017

Revenue

1,837

1,480

Net revenue(1)

719

549

Share of profit of investments in equity accounted investees(3)

76

Gross profit

568

376

Earnings

330

210

Earnings … Continue Reading

CALGARY, May 3, 2018 /CNW/ – Pembina Pipeline Corporation (“Pembina” or the “Company”) (TSX: PPL; NYSE: PBA) announced today a further expansion of its Peace Pipeline system (“Phase VI”) to accommodate incremental volume commitments in support of growth in the Montney and Deep Basin resource plays. Pembina’s Board of Directors also approved a 5.6 percent increase in its monthly common share dividend rate, from $0.18 per common share to $0.19 per common share, and declared a monthly dividend of $0.19 payable, subject to applicable law, on June 15, 2018 to shareholders of record on May 25, 2018.

Pipeline … Continue Reading

CALGARY, April 9, 2018 /CNW/ – Pembina Pipeline Corporation (“Pembina” or “the Company”) (TSX: PPL; NYSE: PBA) announced today changes to the Company’s reporting segments.

As previously announced, given the enhanced scale and scope of Pembina’s business following the closing of the Veresen Inc. (“Veresen”) acquisition in 2017, and considering the future needs of both the Company and the North American energy industry, Pembina’s management structure is evolving to position it for continued success. Effective January 1, 2018, Pembina’s operations management structure is organized by three divisions: Pipelines, Facilities and Marketing & New Ventures. 

Accordingly, the Company’s financial … Continue Reading

CALGARY, March 28, 2018 /CNW/ – Pembina Pipeline Corporation (“Pembina” or “the Company”) (TSX: PPL; NYSE: PBA) announced today that Alliance Pipeline Ltd. (“Alliance”), of which it owns a 50 percent interest, has commenced a binding open season (“Open Season”) for expansion capacity commitments.

Alliance today announced a binding Open Season for expansion capacity commitments. The Open Season is for an estimated 400 million cubic feet per day of additional firm service, commencing at an anticipated in-service date in the fourth quarter of 2021. The two-month Open Season begins March 28, 2018 and closes May 30, 2018.

Alliance… Continue Reading