Pembina Pipeline Corporation
PPL-PA.TO
Toronto Stock Exchange25.50
CAD
-0.14
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Pembina Pipeline Corporation
PPL-PA.TO
(Toronto Stock Exchange)
Recent
price
25.50
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Pembina Pipeline Corporation operates as a leading energy transportation and midstream service provider, owning an integrated network of pipelines for hydrocarbon liquids and natural gas, gas gathering and processing facilities, oil and natural gas liquids infrastructure, logistics services, and export terminals primarily serving Western Canada and parts of the United States. The company delivers core products and services through its Pipelines Division, which includes conventional oil systems such as the Peace Pipeline, Alberta System, and BC System for crude oil and natural gas liquids transportation with capacities exceeding 3 million barrels of oil equivalent per day; oil sands and heavy oil infrastructure encompassing the Syncrude, Cheecham, and Horizon pipelines under long-term contracts; Facilities Division offerings like natural gas processing at plants including Cutbank Complex, Patterson Creek, and Musreau, NGL fractionation with 430 thousand barrels capacity, cavern storage of 21 million barrels, and rail terminalling; plus Marketing & New Ventures Division providing storage, terminalling, and logistics including ethylene storage at Fort Saskatchewan and liquefied propane exports. Founded in 1954 and headquartered in Calgary, Alberta, Canada, Pembina supports producers, refiners, petrochemical firms, and energy traders across North American basins with approximately 2,800 employees and listings on the Toronto Stock Exchange (PPL) and New York Stock Exchange (PBA). Recent developments include the 2024 closure of its acquisition of Enbridge's remaining 50% interest in Alliance Pipeline and 42.7% additional stake in Aux Sable gas processing for $3.1 billion, enhancing exposure to resilient markets and raising 2024 adjusted EBITDA guidance to $4.05-4.30 billion; Pembina Gas Infrastructure's (PGI) September 2024 agreement and January 2025 closing to acquire Veren's Gold Creek and Karr oil batteries for $400 million net $240 million to Pembina, backed by 15-year take-or-pay contracts and area dedication adding $50 million annual adjusted EBITDA; a November 2025 long-term capacity agreement with PETRONAS for the Cedar LNG project; and a $225 million subordinated note offering with Series 9 preferred shares redemption in October 2025.