PBA - Pembina Pipeline Corporation

NYSE - NYSE Delayed Price. Currency in USD
35.73
+0.17 (+0.48%)
At close: 4:02PM EST
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Previous Close35.56
Open35.58
Bid35.68 x 2200
Ask35.69 x 800
Day's Range35.48 - 35.82
52 Week Range28.30 - 38.56
Volume906,539
Avg. Volume798,582
Market Cap18B
Beta (5Y Monthly)1.12
PE Ratio (TTM)19.49
EPS (TTM)1.83
Earnings DateN/A
Forward Dividend & Yield1.81 (5.09%)
Ex-Dividend Date2019-12-30
1y Target Est41.93
  • CNW Group

    Pembina Pipeline Corporation Provides Kinder Morgan Canada Update

    CALGARY , Dec. 10, 2019 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) is pleased to announce the results of voting at the special meetings of the Kinder Morgan Canada Limited ("Kinder Morgan Canada") (TSX: KML, KML.PR.A, KML.PR.C) holders of restricted voting shares and special voting shares and the holders of preferred shares. At meetings held earlier today, Kinder Morgan Canada's holders of restricted voting shares and special voting shares, voting together as a single class, and holders of preferred shares, voting together as a single class, voted to approve the previously announced plan of arrangement (the "Arrangement") pursuant to which Pembina will acquire Kinder Morgan Canada and its businesses through the acquisition of all of the issued and outstanding shares of Kinder Morgan Canada and the Class B limited partnership units of Kinder Morgan Canada Limited Partnership, a wholly-owned subsidiary of Kinder Morgan Canada .

  • PR Newswire

    Kinder Morgan Canada Limited Expected to Be Removed from the Alerian Index Series

    Alerian announced today that Kinder Morgan Canada Limited (TSX: KML) is expected to be removed from the Alerian Midstream Energy Index (AMNA) in a special rebalancing.

  • Is There An Opportunity With Pembina Pipeline Corporation's (TSE:PPL) 48% Undervaluation?
    Simply Wall St.

    Is There An Opportunity With Pembina Pipeline Corporation's (TSE:PPL) 48% Undervaluation?

    Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Pembina Pipeline...

  • Kinder Morgan Unveils 2020 Guidance: A Detailed Analysis
    Zacks

    Kinder Morgan Unveils 2020 Guidance: A Detailed Analysis

    Apart from laying emphasis on strengthening its balance sheet, Kinder Morgan (KMI) expects DCF to increase in 2020.

  • CNW Group

    Pembina Pipeline Corporation Declares Common Share Dividend

    CALGARY , Dec. 4, 2019 /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 December 2019 of $0.20 per share to be paid, subject to applicable law, on January 15, 2020 to shareholders of record on December 31, 2019 . 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, the December 2019 cash dividend is expected to be approximately U.S. $0.1504 per share (before deduction of any applicable Canadian withholding tax) based on a currency exchange rate of 0.7518.

  • Layoffs Loom as Canadian Rail Strike Hits Chemicals, Farmers
    Bloomberg

    Layoffs Loom as Canadian Rail Strike Hits Chemicals, Farmers

    (Bloomberg) -- Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Apple Podcast, Spotify or Pocket Cast.Workers are receiving lay-off notices and chemical companies face shutdowns as the effects of Canada’s largest rail strike in a decade ripples through the economy.The strike by about 3,200 conductors and railyard operators at Canadian National Railway Co. is entering its seventh day on Monday, disrupting cargoes of everything from wheat to propane.In Halifax, Nova Scotia, on Canada’s east coast, the Unifor union said it received notice that 70 workers at a CN Rail autoport facility, which handles car distribution across North America, will be laid off as of Thursday due to the strike, while the chemical industry joined the oil sector in feeling the full brunt of the walkout.“Many of Canada’s chemistry facilities will be entering shutdown mode –- either because they have nowhere left to store products, or because they can no longer receive the materials necessary for their operations,” Bob Masterson, chief executive officer of the Chemistry Industry Association of Canada, said in an opinion column in The Globe and Mail newspaper.“While some companies and facilities may be able to transition staff to maintenance activities, others will have little choice but to furlough workers until the strike ends and service is restored,” Masterson said.Shaving GrowthThe dispute, over working conditions and benefits, is threatening to hobble Canada’s export industries and stunt its already weakening growth. The strike could shave off almost a quarter-point from growth this quarter if it lasts through Dec. 5, according to Toronto-Dominion Bank economists. That’s when lawmakers, who have the power to break the impasse, return to parliament.CN Rail is one of two main rail networks that ship goods across the country for export to the U.S. and overseas.“This strike has affected all of our operations, including at our autoport facilities,” CN said in an emailed statement about layoffs in Halifax. CN shares were down 0.5% at C$120.71 at 9:50 a.m. in Toronto and have lost about 2.5% since the strike began on Nov. 19.After driving their tractors to CN Rail’s headquarters in Montreal on Friday, farmers plan to march to Prime Minister Justin Trudeau’s constituency office in the city on Monday to urge the government to find a way to end the strike.An increasing number of grain producers have run out of propane and have little choice but to let crops rot in the fields, with financial losses in sight, said Patrice Juneau, a spokesman for the Quebec farmers union, L’Union des producteurs agricoles. Small animals such as piglets or chicks also can’t survive without heating, he said.“The Canadian government so far has shown itself to be rather insensitive to the issue,” Juneau said by phone. “We wish for the prime minister and the government to put as much pressure as can be on CN to end the conflict as quickly as possible, or at least for CN to find a solution to supply farmers with propane.”Some companies are starting to pitch in. Calgary-based Pembina Pipeline Corp. said in a statement Sunday that it plans to ship propane to parts of Canada, including Quebec. It’s preparing unit trains, made up of 105 cars, with propane sourced from western Canada. “Pembina’s facility is the only one in Canada capable of amassing these quantities of propane and building such unit trains,” the company said in its release.Read more: Oil, Wheat Shipments Grind to Halt and Imperil Canada’s EconomyThe government, which faces calls from provinces and industry groups to force strikers back to work, has so far repeated a preference for a negotiated settlement. The weekend brought no breakthrough after the rhetoric heated up between CN and the Teamsters Canada Rail Conference union. On Saturday, the union said it continues to negotiate “in good faith.”With CN operating at about 10% of normal service, industries are set to feel an even tighter pinch this week. That includes the Western Canadian oil patch, which has grown increasingly reliant on rail to move crude. Two crude-by-rail terminal operators, TORQ Energy Logistics Ltd. and Altex Energy Ltd., said last week they wouldn’t be able to take any more crude from producers as early as the weekend.(Updates with share price.)\--With assistance from Divya Balji.To contact the reporter on this story: Sandrine Rastello in Montreal at srastello@bloomberg.netTo contact the editors responsible for this story: David Scanlan at dscanlan@bloomberg.net, Jacqueline ThorpeFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • CNW Group

    Pembina Pipeline Corporation is Shipping Propane to Ease Quebec's Fuel Shortage

    CALGARY , Nov. 24, 2019 /CNW/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) is driven by doing what is right for the country and fellow Canadians. While being understanding of the circumstances of the ongoing rail strike, the Company took swift action to help avert the potential hardships of a propane shortage by working together with our customers to prepare shipments of propane for parts of Canada , including to the people, farms and organizations in Quebec , where supply is constrained.

  • PR Newswire

    Pembina Pipeline Corporation is Shipping Propane to Ease Quebec's Fuel Shortage

    Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) is driven by doing what is right for the country and fellow Canadians. While being understanding of the circumstances of the ongoing rail strike, the Company took swift action to help avert the potential hardships of a propane shortage by working together with our customers to prepare shipments of propane for parts of Canada, including to the people, farms and organizations in Quebec, where supply is constrained. "Delivery of energy is vital to people's everyday lives and that's why we're in this business. Working together across provincial boundaries and helping a province and people in need is how we do business at Pembina and in Alberta," said Jaret Sprott, Senior Vice President & COO, Facilities.

  • Near-Term Outlook for Oil & Gas Pipeline Stocks Appears Dull
    Zacks

    Near-Term Outlook for Oil & Gas Pipeline Stocks Appears Dull

    Near-Term Outlook for Oil & Gas Pipeline Stocks Appears Dull

  • Reuters

    UPDATE 1-Canadian Competition Bureau clears Pembina's Kinder Morgan buy

    In August, Pembina Pipeline had agreed to buy Kinder Morgan Canada and the U.S. portion of the Cochin pipeline for C$4.35 billion ($3.27 billion), bulking up its storage resources in Canada. Pembina's deal follows an unsolicited bid for rival Inter Pipeline Ltd, highlighting growing interest in the midstream business of transporting and storing crude. The deal is expected to close next month, and is contingent on approval by Kinder Morgan Canada shareholders at a special meeting scheduled on Dec. 10.

  • Canadian Competition Bureau clears Pembina's Kinder Morgan buy
    Reuters

    Canadian Competition Bureau clears Pembina's Kinder Morgan buy

    In August, Pembina Pipeline had agreed to buy Kinder Morgan Canada and the U.S. portion of the Cochin pipeline for C$4.35 billion ($3.27 billion), bulking up its storage resources in Canada. Pembina's deal follows an unsolicited bid for rival Inter Pipeline Ltd , highlighting growing interest in the midstream business of transporting and storing crude. The deal is expected to close next month, and is contingent on approval by Kinder Morgan Canada shareholders at a special meeting scheduled on Dec. 10.

  • PR Newswire

    Pembina Pipeline Corporation Receives Canadian Competition Bureau Approval for the Proposed Acquisition of Kinder Morgan Canada

    CALGARY, Nov. 20, 2019 /PRNewswire/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) is pleased to announce that it and Kinder Morgan Canada Limited ("Kinder Morgan Canada") (KML.TO) have received a "no-action letter" from the Canadian Competition Bureau confirming that the Commissioner of Competition does not intend to challenge the proposed acquisition by Pembina of Kinder Morgan Canada's outstanding common equity by way of a statutory arrangement under the Business Corporations Act (Alberta) (the "Arrangement"). The receipt of the "no-action letter" satisfies the last material regulatory condition necessary for completion of the Arrangement. The Arrangement is now expected to close in December 2019, subject to approval of the Arrangement by the holders of Kinder Morgan Canada's restricted voting shares and special voting shares at the special meeting scheduled for Tuesday, December 10, 2019, receipt of the final order of the Court of Queen's Bench of Alberta at the application scheduled for the same date, the concurrent completion of the sale of the U.S.-regulated Cochin pipeline system from Kinder Morgan, Inc. to Pembina and satisfaction of other customary closing conditions.

  • PR Newswire

    Pembina Pipeline Corporation Announces Conversion Results for Series 7 Preferred Shares

    CALGARY , Nov. 15, 2019 /PRNewswire/ - Pembina Pipeline Corporation ("Pembina") (TSX: PPL; NYSE: PBA) announced today that none of Pembina's Cumulative Redeemable Rate Reset Class A Preferred ...

  • Reuters

    Pembina Oregon Jordan Cove LNG export terminal passes environmental test

    In the report, known as an environmental impact statement, staff at the Federal Energy Regulatory Commission (FERC) concluded construction and operation of the project would result in some adverse environmental impacts, but most of these would be reduced to less-than-significant levels with mitigation measures. FERC acknowledged some impacts would be significant, however.

  • What Does Pembina Pipeline Corporation's (TSE:PPL) P/E Ratio Tell You?
    Simply Wall St.

    What Does Pembina Pipeline Corporation's (TSE:PPL) P/E Ratio Tell You?

    Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. We'll look at Pembina...

  • Centennial (CDEV) Misses on Q3 Earnings, Lifts Output View
    Zacks

    Centennial (CDEV) Misses on Q3 Earnings, Lifts Output View

    Centennial Resource Development's (CDEV) third-quarter 2019 results have been affected by lower commodity price realization and increased lease operating expenses.

  • Why Range Resources (RRC) is Up 18% Since Q3 Earnings Report
    Zacks

    Why Range Resources (RRC) is Up 18% Since Q3 Earnings Report

    Higher natural gas equivalent production volumes from the Appalachian Basin support Range Resources' (RRC) Q3 numbers.

  • Oil's Recent Uptick Puts These 4 Stocks on Top
    Zacks

    Oil's Recent Uptick Puts These 4 Stocks on Top

    Oil prices are soaring on new-found investor optimism over a potential U.S.-China trade deal.

  • PR Newswire

    Pembina Pipeline Corporation Provides Notice of Series 7 Preferred Share Conversion Right and Announces Reset Dividend Rates

    CALGARY, Nov. 1, 2019 /PRNewswire/ - Pembina Pipeline Corporation ("Pembina") (TSX: PPL; NYSE: PBA) announced today that it does not intend to exercise its right to redeem the currently outstanding Cumulative Redeemable Rate Reset Class A Preferred Shares, Series 7 ("Series 7 Shares") (PPL-PG.TO) on December 2, 2019 (the "Conversion Date"). As a result, and subject to certain terms of the Series 7 Shares, the holders of the Series 7 Shares will have the right to elect to convert all or any of their Series 7 Shares into Cumulative Redeemable Floating Rate Class A Preferred Shares, Series 8 of Pembina ("Series 8 Shares") on the basis of one Series 8 Share for each Series 7 Share on the Conversion Date. The annual dividend rate for the Series 7 Shares for the five-year period from and including December 1, 2019 to, but excluding, December 1, 2024 will be 4.38%, being equal to the five-year Government of Canada bond yield of 1.44% determined as of today plus 2.94%, in accordance with the terms of the Series 7 Shares.