- Business
- Pembina Pipeline Corporation (TSX: PPL; NYSE: PBA) operates an integrated network of pipelines and facilities that transport hydrocarbon liquids and natural gas products primarily from Western Canada; owns gas gathering and processing facilities, natural gas liquids fractionation plants, storage terminals, and loading/off-loading operations; provides oil and natural gas liquids infrastructure, logistics, and marketing services to energy producers, refiners, and end-users across North America. The company serves the midstream sector with three divisions—Pipelines, Facilities, and Marketing & New Ventures—handling conventional oil, oil sands and heavy oil transportation, gas processing, and export terminal development including the Prince Rupert facility under construction; targets customers in the Western Canadian Sedimentary Basin, Williston Basin, and U.S. markets like Chicago. Founded in 1954 and headquartered in Calgary, Alberta, at 585 - 8th Avenue SW, Pembina maintains operations in Canada and the U.S. with recent expansions including the Phase VIII Peace Pipeline and NEBC MPS; in 2024 completed the $3.1 billion acquisition of Enbridge's interests in Alliance Pipeline, Aux Sable, and NRGreen joint ventures for full consolidation; advanced Pembina Gas Infrastructure transactions with Veren and Whitecap for enhanced utilization; reached final investment decision on Cedar LNG with a long-term PETRONAS agreement and Dow ethane supply deal; sanctioned Wapiti Expansion, K3 Cogeneration, and Duvernay acquisitions; announced 2025 adjusted EBITDA guidance of $4.2-4.5 billion and $1.1 billion capital program; reached a settlement on Alliance Pipeline tolls reducing long-term firm tolls by 14% over 10 years pending regulatory approval.