Pembina Pipeline Corporation
PPL-PQ.TO
Toronto Stock Exchange26.15
CAD
+0.05
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Pembina Pipeline Corporation
PPL-PQ.TO
(Toronto Stock Exchange)
Recent
price
26.15
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Pembina Pipeline Corporation is a leading North American energy infrastructure company specializing in the transportation and midstream services of hydrocarbons. It operates an integrated system comprising crude oil, natural gas liquids, natural gas, and refined products pipelines alongside midstream assets including processing plants, fractionation, storage, and terminalling facilities. The company serves upstream producers, refiners, petrochemical companies, and marketers primarily in Western Canada and parts of the United States. Its core products and services include pipeline transportation for crude oil, condensate, natural gas liquids, natural gas, and refined products; above-ground storage facilities with a capacity of approximately 10 million barrels; rail terminalling services; and comprehensive midstream services such as natural gas processing and natural gas liquids fractionation. Pembina's pipeline network transports volumes exceeding 3 million barrels of oil equivalent per day across key market hubs, connecting hydrocarbon-producing regions to refineries and market centers in Alberta, British Columbia, Illinois, and beyond. Founded in 1954 and headquartered in Calgary, Alberta, Pembina also manages oil sands and heavy oil pipelines and facilities, providing integrated energy infrastructure solutions across North America. In the last 1-2 years, Pembina Pipeline Corporation has made significant strategic advancements including the full consolidation of Alliance Pipeline and Aux Sable, expanding its footprint and operational capabilities in natural gas transmission and midstream markets. In August 2024, Pembina Gas Infrastructure agreed to acquire midstream assets from Veren Inc., enhancing its midstream service portfolio. The company also announced an LPG export agreement with AltaGas Ltd. in mid-2025 and reached a settlement with shippers on the Alliance Pipeline, underscoring active asset management and operational optimization. Pembina continues to invest heavily in growth projects, digitization, and sustainable infrastructure with a 2024 capital investment program exceeding $880 million, including pre-final investment decision contributions for Cedar LNG and expansion initiatives to support increased volumes in the Western Canadian Sedimentary Basin. The company emphasizes transitioning to a lower-carbon economy through its Pembina Low Carbon Complex and collaborations like the low-carbon ammonia project with Marubeni Corporation. With ongoing strategic investments and expansions, Pembina positions itself for long-term growth and resilience in the evolving energy sector. Pembina Pipeline Corporation operates primarily within the midstream energy infrastructure industry, targeting energy producers, refiners, marketers, and end-users across Canada and the United States. Its business segments encompass pipeline transportation, natural gas processing, natural gas liquids fractionation, storage, and terminalling services. The company has established a strong position in hydrocarbon transportation with a diverse asset base, including conventional, oil sands, heavy oil, and transmission pipelines integrated with midstream processing facilities. Pembina also pursues growth through strategic partnerships, acquisitions, and infrastructure projects that broaden its service offerings and enhance access to global markets. The company’s emphasis on sustainable infrastructure and energy transition initiatives reflects its strategic focus on adapting to changing regulatory and market conditions while maintaining operational reliability. This comprehensive platform supports North America’s energy supply chain from resource extraction to end-market delivery. Pembina Pipeline Corporation maintains a comprehensive operational presence primarily in Western Canada, including Alberta and British Columbia, and extends into key U.S. markets such as Illinois. Its pipelines and facilities interconnect with major North American refining and petrochemical hubs. The company’s diverse assets and integrated service model enable it to address a wide range of customer needs, from crude oil and natural gas liquids transport to natural gas processing and storage. Headquartered in Calgary, Alberta, Pembina leverages strategic asset locations to support efficient energy transportation and midstream solutions, promoting its role as a critical infrastructure provider within the continent’s energy sector. The company serves a broad customer base spanning upstream producers to end-users in the energy supply chain. Pembina Pipeline Corporation was founded in 1954 and is headquartered in Calgary, Alberta, Canada. It operates as an independent public company listed on the Toronto Stock Exchange under the ticker PPL-PQ and has since expanded through acquisitions and organic growth to become a major North American energy infrastructure company. Recent organizational changes include the consolidation of key assets like Alliance Pipeline and Aux Sable under Pembina’s ownership, reinforcing its integrated business model. The company also maintains active partnerships and strategic alliances aimed at expanding its energy infrastructure capabilities and advancing its low carbon initiatives to align with global energy transition trends. These moves reflect Pembina’s commitment to sustaining its leadership in the midstream energy sector while adapting to evolving market and environmental demands. This description encompasses Pembina Pipeline Corporation’s core operations, recent strategic developments, industry positioning, geographic scope, and foundational corporate details as of late 2025.