IPL.TO - Inter Pipeline Ltd.
| Previous Close | 8.46 |
| Open | 7.52 |
| Bid | 7.83 x 0 |
| Ask | 7.84 x 0 |
| Day's Range | 7.05 - 7.95 |
| 52 Week Range | 5.35 - 25.42 |
| Volume | 9,698,608 |
| Avg. Volume | 3,320,823 |
| Market Cap | 3.298B |
| Beta (5Y Monthly) | 1.16 |
| PE Ratio (TTM) | 6.00 |
| EPS (TTM) | 1.31 |
| Earnings Date | May 06, 2020 |
| Forward Dividend & Yield | 1.71 (20.21%) |
| Ex-Dividend Date | Mar 19, 2020 |
| 1y Target Est | 17.03 |
- Reuters
Canada's Inter Pipeline cuts dividend, halts sale of European unit due to coronavirus impact
The dividend cut is a rare step for Canada's pipeline operators and analysts warned that it could foreshadow strains in the sector as oil producers scale back output during the coronavirus outbreak and the Saudi-Russia oil price war. Shares in Inter Pipeline skidded more than 14% in early trading after the company announced the defensive steps. Inter Pipeline, which transports crude from Canada's oil sands region, said the cut to its monthly payout would save C$525 million per year.
- CNW Group
Inter Pipeline Announces Reduction to Monthly Cash Dividend, Suspension of Dividend Reinvestment Plan and Business Update
CALGARY , March 30, 2020 /CNW/ - Inter Pipeline Ltd. ("Inter Pipeline") (IPL.TO) announced today measures to provide greater financial strength and flexibility for its capital program in response to the significant decrease in global energy prices and the COVID-19 pandemic. The board of directors has conducted a comprehensive review of the dividend policy and approved a 72 percent reduction to the monthly cash dividend from $0.1425 per share to $0.04 per share, or $0.48 per share on an annualized basis. Inter Pipeline's dividend payments to shareholders are designated as "eligible dividends" for Canadian tax purposes.
- CNW Group
Inter Pipeline Reiterates Confidence in Underlying Business
CALGARY , March, 19, 2020 /CNW/ - In response to the unprecedented decline in global energy prices and the COVID-19 pandemic, Inter Pipeline Ltd. ("Inter Pipeline") (IPL.TO), is providing the following update to our stakeholders. "Inter Pipeline's top priorities remain the health and safety of our workforce, while ensuring the safe and reliable operations of our facilities and pipeline infrastructure", commented Christian Bayle , Inter Pipeline's President and Chief Executive Officer.
- CNW Group
Inter Pipeline Announces March 2020 Cash Dividend
Inter Pipeline Announces March 2020 Cash Dividend
- Thomson Reuters StreetEvents
Edited Transcript of IPL.TO earnings conference call or presentation 21-Feb-20 4:00pm GMT
Q4 2019 Inter Pipeline Ltd Earnings Call
- CNW Group
Inter Pipeline Announces February 2020 Cash Dividend and Amendments to Dividend Reinvestment Plan
CALGARY , Feb. 10, 2020 /CNW/ - Inter Pipeline Ltd. ("Inter Pipeline") (IPL.TO) announced today the declaration of a cash dividend of $0.1425 per share for February 2020 . Inter Pipeline also announced today certain amendments to its Premium DividendTM and Dividend Reinvestment Plan ("DRIP"). The discount for Inter Pipeline common shares issued pursuant to the Premium Dividend Component, as defined in the DRIP, has been reduced from 3 percent to 2 percent effective with the dividend declared today.
- CNW Group
Inter Pipeline Announces 2019 Year End Conference Call and Webcast
Inter Pipeline Announces 2019 Year End Conference Call and Webcast
- CNW Group
Inter Pipeline Announces January 2020 Cash Dividend
Inter Pipeline Announces January 2020 Cash Dividend
- CNW Group
Inter Pipeline Announces December 2019 Cash Dividend
Inter Pipeline Announces December 2019 Cash Dividend
- CNW Group
Inter Pipeline Announces Capital Expenditure Program for 2020
CALGARY , Dec. 5, 2019 /CNW/ - Inter Pipeline Ltd. ("Inter Pipeline") (IPL.TO) announced today a $1.2 billion capital expenditure program for 2020. Approximately $1.1 billion of total capital expenditures will be for organic growth initiatives, with the remaining invested in sustaining capital projects. Capital investment within the NGL processing business segment is primarily focused on progressing construction of the Heartland Petrochemical Complex.
- Thomson Reuters StreetEvents
Edited Transcript of IPL.TO earnings conference call or presentation 8-Nov-19 4:00pm GMT
Q3 2019 Inter Pipeline Ltd Earnings Call
- CNW Group
Inter Pipeline Announces $10 Million Commitment to NAIT to Research Plastic Waste Reduction
EDMONTON , Nov. 26, 2019 /CNW/ - Inter Pipeline Ltd. ("Inter Pipeline") and The Northern Alberta Institute of Technology ("NAIT") today announced a new partnership to research opportunities to reuse and recycle plastic in Canada . The ten-year agreement, known as Plastics Research in Action ("PRIA"), will be funded by a $10 million commitment from Inter Pipeline, which represents the largest applied research partnership in NAIT's history. PRIA will draw on NAIT's applied research expertise in the area of process engineering, process automation and environmental sustainability.
- CNW Group
Inter Pipeline Announces $700 million Hybrid Note Offering
The issue was underwritten by a syndicate co-led by BMO Capital Markets, National Bank Financial Markets and TD Securities Inc. under Inter Pipeline's short form base shelf prospectus dated January 18, 2018 and a related prospectus supplement to be dated November 13 , 2019. All dollar values are expressed in Canadian dollars unless otherwise noted.
- CNW Group
Inter Pipeline Announces November 2019 Cash Dividend
Inter Pipeline Announces November 2019 Cash Dividend
- CNW Group
Inter Pipeline Reports Third Quarter 2019 Financial and Operating Results
Inter Pipeline Reports Third Quarter 2019 Financial and Operating Results
- CNW Group
Inter Pipeline Announces Third Quarter 2019 Conference Call and Webcast
Inter Pipeline Announces Third Quarter 2019 Conference Call and Webcast
- CNW Group
Inter Pipeline Announces October 2019 Cash Dividend
Inter Pipeline Announces October 2019 Cash Dividend
- CNW Group
Inter Pipeline Announces September 2019 Cash Dividend
Inter Pipeline Announces September 2019 Cash Dividend
- Reuters
Billionaire Li Ka-Shing offered C$12.4 billion for Canada's Inter Pipeline: Globe and Mail
Shares of the company, which owns pipelines in Alberta and Saskatchewan as well as oil storage tanks in Canada and Europe, have risen about 16% since its August statement on the offer. Inter Pipeline's business of transporting and storing oil within Canada has been lucrative.
- CNW Group
Inter Pipeline and Women Building Futures Announce New Partnership
CALGARY , Sept. 4, 2019 /CNW/ - Empowering women to pursue careers in industrial trades is the objective of a new three-year partnership between Inter Pipeline Ltd. ("Inter Pipeline") (IPL.TO) and Women Building Futures ("WBF"). Inter Pipeline is investing $580,000 to support WBF in raising awareness and providing pre-apprenticeship training to women in Alberta's Heartland area. "Women are generally underrepresented in construction and operations in our industry", said Christian Bayle , President and Chief Executive Officer of Inter Pipeline.
- Thomson Reuters StreetEvents
Edited Transcript of IPL.TO earnings conference call or presentation 9-Aug-19 3:00pm GMT
Q2 2019 Inter Pipeline Ltd Earnings Call
- CNW Group
Inter Pipeline Announces New $500 million Term Credit Facility
CALGARY , Aug. 30, 2019 /CNW/ - Inter Pipeline Ltd. ("Inter Pipeline") (IPL.TO) announced today that it has fully drawn a new $500 million 1-year term credit facility (the "Term Facility"). Proceeds were used to partially repay amounts outstanding under its existing $1.5 billion revolving credit facility, which may be redrawn. The Term Facility is extendible and provides Inter Pipeline with approximately $1.2 billion of available capacity on its revolving credit facility, while reducing borrowing costs.
- Reuters
Bid for Inter Pipeline highlights Canada's oil sector bright spot
WINNIPEG, Manitoba/CALGARY, Alberta (Reuters) - A recent unsolicited bid for Inter Pipeline Ltd has highlighted the potential of Canada's midstream companies to offer insulation from volatile oil prices. Inter Pipeline, Pembina Pipeline Corp and Keyera Corp own key infrastructure such as gathering pipelines, gas-processing plants and storage tanks that are in high demand, and reported record second quarter profits.
