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Pembina Pipeline Corp (PBA.N)

PBA.N on New York Stock Exchange

34.13USD
22 Sep 2017
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Latest Key Developments (Source: Significant Developments)

Pembina Pipeline Corp announces $600 mln public note offering
Monday, 14 Aug 2017 03:21pm EDT 

Aug 14 (Reuters) - Pembina Pipeline Corp ::Pembina Pipeline Corporation announces $600 million public note offering.Agreed to issue $600 million of senior unsecured medium-term notes​.Net proceeds will be used to repay short-term indebtedness of co under credit facilities, to fund Pembina's capital program​.Offering to be conducted in 2 tranches; $350 million principal amount through re-opening co's 2.99% medium-term notes, series 8, due Jan 22, 2024​.Offering also consisting of $250 million principal amount through re-opening of co's 4.74% medium-term notes, series 9, due Jan 21, 2047​.  Full Article

Pembina Pipeline Corporation Q2 earnings per share $0.26‍​
Tuesday, 1 Aug 2017 04:14pm EDT 

Aug 1 (Reuters) - Pembina Pipeline Corp :Pembina Pipeline Corporation reports solid second quarter 2017 results.Pembina Pipeline Corp - qtrly revenue $1,166 ‍​ million versus $1,027 million.Pembina Pipeline Corp - qtrly total volume 1,963 MBOE/D versus 1,793 MBOE/D.Qtrly earnings per share $0.26‍​.Q2 earnings per share view c$0.35 -- Thomson Reuters I/B/E/S.Q2 revenue view c$1.29 billion -- Thomson Reuters I/B/E/S.Pembina Pipeline - upon closing of veresen transaction, pembina intends to increase its monthly dividend by 5.9 percent to $0.18 per common share.Pembina Pipeline-on way to fulfilling goal of reaching projected 2018 adjusted EBITDA between $2.55 billion and $2.75 billion, assuming completion of veresen deal.  Full Article

Pembina Pipeline Corp files for mixed shelf of upto $3 bln - SEC Filing
Tuesday, 18 Jul 2017 05:19pm EDT 

July 18 (Reuters) - Pembina Pipeline Corp :Pembina Pipeline Corp files for mixed shelf of upto $3.0 billion - SEC Filing.Pembina Pipeline Corp says intends to use net proceeds to repay indebtedness, to finance ongoing capital program, for other general corporate purposes.  Full Article

Pembina and Veresen announce Court of Queen's Bench approval of business combination
Wednesday, 12 Jul 2017 04:05pm EDT 

July 12 (Reuters) - Pembina Pipeline Corp :Pembina and Veresen announce Court of Queen's Bench approval of business combination.Veresen Inc - Pembina and Veresen continue to expect transaction will close late in Q3 or early in Q4 of 2017.  Full Article

Pembina & Veresen announce Veresen shareholder approval of business combination
Tuesday, 11 Jul 2017 04:05pm EDT 

July 11 (Reuters) - Pembina Pipeline Corp :Pembina & Veresen announce Veresen shareholder approval of business combination.Pembina Pipeline Corp - Greater than 99 percent of Veresen common shares voted at meeting were voted in favor of arrangement.  Full Article

Pembina Pipeline Corp and Petrochemical Industries Co of Kuwait establish JV
Monday, 15 May 2017 08:30am EDT 

May 15 (Reuters) - Pembina Pipeline Corp :Pembina pipeline corporation and petrochemical industries co. Of kuwait establish joint venture and proceed with front end engineering design for proposed 1.2 billion pound per year integrated polypropylene facility.Pembina pipeline corp - proposed pdh/pp facility is expected to consume 22,000 barrels per day of alberta-produced propane.Pembina pipeline corp - preliminary capital cost estimate of project is $3.8 - $4.2 billion (gross).Pembina pipeline - project anticipated to produce over 1.2 billion pounds/year of polypropylene, to be transported to north american and global markets.Pembina pipeline-co, pic executed 50/50 jv agreements including terms in support of project & formed a new entity, canada kuwait petrochemical corp.Pembina pipeline - jv expects to construct pdh/pp facility in close proximity to rfs in sturgeon county, part of alberta's industrial heartland.  Full Article

Pembina Pipeline qtrly EPS $0.49
Thursday, 4 May 2017 04:58pm EDT 

May 4 (Reuters) - Pembina Pipeline Corp :Pembina pipeline corporation reports strong first quarter 2017 results.Pembina pipeline corp says qtrly total volume 2,010 mboe/d versus 1,804 mboe/d.Pembina pipeline corp qtrly earnings per share $0.49.Pembina pipeline corp qtrly revenue $1,485 million versus $1,017 million.Q1 earnings per share view c$0.36 -- Thomson Reuters I/B/E/S.Q1 revenue view c$1.41 billion -- Thomson Reuters I/B/E/S.Pembina pipeline corp - "by next year in 2018", expect adjusted ebitda to reach approximately $1.8 billion to $1.9 billion.Pembina pipeline - "by next year in 2018" expect adjusted ebitda to increases to $2.55 to $2.75 billion, should transaction with veresen successfully close.  Full Article

Pembina Pipeline to buy Veresen in $9.7 bln deal
Monday, 1 May 2017 06:30am EDT 

May 1 (Reuters) - Pembina Pipeline Corp ::Pembina and Veresen to create leading north american energy infrastructure company.Pembina Pipeline Corp - transaction is valued at approximately $9.7 billion including assumption of veresen's debt and preferred shares.Pembina Pipeline Corp- transaction was unanimously approved by boards of directors of both companies.Pembina Pipeline - offering to buy all outstanding veresen common shares in exchange for either 0.4287 of a common share of Pembina or $18.65 in cash.Pembina Pipeline says upon completion of transaction, Pembina's common shareholders expected to own about 80 percent of combined company.Pembina Pipeline- co, Veresen enter agreement to create energy infrastructure company with a pro-forma enterprise value of approximately $33 billion.Expects transaction to be accretive to adjusted cash flow per share on a run-rate basis beginning in 2018.Pembina Pipeline - assuming full pro-ration, each veresen shareholder would get $4.8494 in cash, 0.3172 share of pembina for each veresen common share.Pembina Pipeline says upon completion of transaction, Veresen's shareholders are expected to own approximately 20 percent of combined company.Pembina Pipeline - through 2018, combined company is expecting its low-risk, fee-for-service adjusted ebitda to increase to in excess of 85 percent.Pembina Pipeline Corp - combined, Pembina and veresen will own approximately 5.8 bcf/d (net) of gas processing infrastructure across wcsb by 2018.  Full Article

Pembina Pipeline provides natural gas liquids value chain commercial update
Tuesday, 11 Apr 2017 07:30am EDT 

Pembina Pipeline Corp : Pembina Pipeline Corporation provides natural gas liquids value chain commercial update . Pembina Pipeline Corp says it has signed a non-binding letter of intent With Prince Rupert Legacy Inc . Pembina Pipeline Corp says under LoI, Pembina has commenced site assessment and engagement with key stakeholders including aboriginal communities . Pembina Pipeline - initial assessments of site indicate it ideal for development of export terminal with capacity of about 20,000 barrels per day of lpg . Pembina Pipeline Corp says Pembina expects a project timeline of two years from final investment decision . Sees project capital cost ranging between $125 million and $175 million . Pembina Pipeline Corp says is advancing engineering for its 100 million cubic feet per day duvernay ii facility, a replica of its duvernay i facility .Pembina Pipeline Corp says Duvernay I facility, along with associated field hub, is expected to come into service on time and on budget in Q4 of 2017.  Full Article

Pembina Pipeline Corp announces dividend increase, $325 mln pipeline expansion and provides updated 2018 outlook
Monday, 3 Apr 2017 06:01pm EDT 

Pembina Pipeline Corp : Pembina Pipeline Corporation announces dividend increase, $325 million pipeline expansion and provides updated 2018 outlook . Pembina Pipeline Corp - Board of directors approved a 6.25 percent increase in its monthly common share dividend rate . Expects 2018 adjusted EBITDA to range from $1.8 billion to $1.9 billion . Pembina Pipeline Corp - Is revising its estimated capital cost savings and scope optimizations to approximately $275 million . Pembina Pipeline Corp - Expects to deliver on its projection of nearly doubling 2015 adjusted EBITDA by 2018 .Pembina Pipeline - Announced $325 million expansion of pipeline infrastructure between Lator, Alberta and Namao, Alberta, related to phase III expansion project.  Full Article

BRIEF-Pembina Pipeline Corp announces $600 mln public note offering

* Pembina Pipeline Corporation announces $600 million public note offering