Latest news with #Pembina
Yahoo
2 hours ago
- Business
- Yahoo
1 Pipeline Stock That's My Ultimate Energy Infrastructure Play
Written by Robin Brown at The Motley Fool Canada Pipelines have become a huge topic across Canada. With the prospect of tariffs from the U.S., Canada is aware of its need to get its energy to new markets. That could be a great opportunity for Canada's top energy infrastructure companies. Pembina Pipeline: An energy giant in Western Canada One company that stands out is Pembina Pipeline (TSX:PPL). It has a market cap of $29 billion. It is not the largest energy infrastructure play in Canada, but there are reasons why it might be preferred over other Canadian infrastructure stocks. A diverse asset base Firstly, Pembina has a great mix of assets. It has the assets Western Canadian energy producers need to get their energy to market. It has collection pipelines, natural gas processing and fractionation, storage, export terminals, and egress pipelines. Given how crucial its assets are, over 80% have long-term contracts. This helps provide a stable and predictable stream of baseline cash flows to the business. The contracted business helps offset the variability from energy commodity pricing. While it does have commodity exposure from its marketing business, any upside in energy prices go to the bottom line. This energy infrastructure player is not dependent on energy prices to succeed. A resilient dividend Secondly, Pembina has an incredibly resilient dividend. PPL stock yields 5.6% today. It's an attractive rate for such a high-quality business. Pembina's dividend is widely supported by its fee-based earnings alone. Its payout ratio sits at 48%, so it has a wide margin of safety. It even maintained its dividend in 2020, even when energy prices turned negative. Since 2020, Pembina has delivered modest annual dividend growth (3–5% per year). Growth to come from LNG Thirdly, Pembina has an attractive growth pipeline. It has commenced construction on the Cedar Liquified Natural Gas (LNG) export terminal in Kitimat, B.C. This will be one of only a few approved LNG terminals that is in construction. The company has already seen strong demand from energy suppliers to contract their output to Asian markets. Pembina has a great record of executing projects on time and on budget. This massive project is likely to be the same. The best part is that Pembina plans to build Cedar without any equity dilution. Despite its growing dividend and list of capital projects, it expects to fund its growth with modest debt and internally generated cash flows. Pembina has one of the best balance sheets in the energy infrastructure business. Its debt-to-earnings before interest, tax, depreciation, and amortization (EBITDA) ratio sits at around 3.5 times. Many peers trade at more than 4–5 times debt-to-EBITDA. As a result, it can afford to increase its debt levels for essential projects like Cedar LNG. Once Cedar comes online, its leverage will likely pull back quickly as that asset begins generating strong free cash flows. Attractive valuation for an energy infrastructure stock Pembina trades for an enterprise value-to-EBITDA of 10.5. That is two churns lower than Enbridge and TC Energy. Yet, it has a better balance sheet and more attractive long-term growth prospects. Historically, PPL traded on par with these peers. If it can continue to execute its growth plan, there is no reason it shouldn't trade up a turn or two. For a steady business with an attractive dividend, Pembina Pipeline is a top energy infrastructure stock. As Canada looks for new egress alternatives, it is in a prime position to continue growing its base of essential energy infrastructure assets. The post 1 Pipeline Stock That's My Ultimate Energy Infrastructure Play appeared first on The Motley Fool Canada. Should you invest $1,000 in Pembina Pipeline right now? Before you buy stock in Pembina Pipeline, consider this: The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and Pembina Pipeline wasn't one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years. Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the 'eBay of Latin America' at the time of our recommendation, you'd have $24,927.94!* Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 30 percentage points since 2013*. See the Top Stocks * Returns as of 6/23/25 More reading 10 Stocks Every Canadian Should Own in 2025 3 Canadian Companies Powering the AI Revolution A Commonsense Cash Back Credit Card We Love Fool contributor Robin Brown has no position in any of the stocks mentioned. The Motley Fool recommends Enbridge and Pembina Pipeline. The Motley Fool has a disclosure policy. 2025 Sign in to access your portfolio
Hamilton Spectator
5 days ago
- Business
- Hamilton Spectator
Pembina reaches settlement on Alliance pipeline fees and revenue sharing
CALGARY - Pembina Pipeline Corp. says it has reached a settlement with shippers on fees and revenue sharing for its Alliance pipeline. The company says it expects the deal to reduce its revenue from the pipeline by $50 million per year over the next decade, while a new revenue sharing portion will mean tens of millions of dollars in additional reduced revenue. The effect of the revenue sharing portion depends on the price of natural gas, but under its main price assumption, it would mean an additional $40 million reduction a year. Pembina says it worked with stakeholders through the Canada Energy Regulator to reach a deal that shared value and risk. Alliance is a 3,848-kilometre long natural gas pipeline that runs from Western Canada to the Chicago market hub. Pembina fully owns the Alliance pipeline after acquiring Enbridge Inc.'s half last year as part of a $3.1 billion deal. This report by The Canadian Press was first published July 25, 2025. Companies in this story: (TSX:PPL)
Winnipeg Free Press
5 days ago
- Business
- Winnipeg Free Press
Pembina reaches settlement on Alliance pipeline fees and revenue sharing
CALGARY – Pembina Pipeline Corp. says it has reached a settlement with shippers on fees and revenue sharing for its Alliance pipeline. The company says it expects the deal to reduce its revenue from the pipeline by $50 million per year over the next decade, while a new revenue sharing portion will mean tens of millions of dollars in additional reduced revenue. The effect of the revenue sharing portion depends on the price of natural gas, but under its main price assumption, it would mean an additional $40 million reduction a year. Pembina says it worked with stakeholders through the Canada Energy Regulator to reach a deal that shared value and risk. Alliance is a 3,848-kilometre long natural gas pipeline that runs from Western Canada to the Chicago market hub. Pembina fully owns the Alliance pipeline after acquiring Enbridge Inc.'s half last year as part of a $3.1 billion deal. Monday Mornings The latest local business news and a lookahead to the coming week. This report by The Canadian Press was first published July 25, 2025. Companies in this story: (TSX:PPL)
Business Wire
6 days ago
- Business
- Business Wire
Pembina Pipeline Corporation Announces Successful Completion of Consent and Proxy Solicitation for 4.80% Fixed-to-Fixed Rate Subordinated Notes, Series 1
BUSINESS WIRE)--Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) is pleased to announce the completion of its previously announced solicitation of written consents and proxies (the "Solicitation") from holders (the "Series 1 Noteholders") of Pembina's 4.80% Fixed-to-Fixed Rate Subordinated Notes, Series 1 due January 25, 2081 (the "Series 1 Notes"). The Solicitation received strong support and the Extraordinary Resolution (as defined below) was approved by Series 1 Noteholders. As previously announced, pursuant to the Solicitation, the Series 1 Noteholders were asked to consider and, if deemed advisable, pass an extraordinary resolution (the "Extraordinary Resolution") to approve certain proposed amendments (the "Proposed Amendments") to the indenture dated January 25, 2021 (the "Series 1 Note Indenture") between Pembina, as issuer, and Computershare Trust Company of Canada, as trustee (the "Trustee"), and to authorize Pembina, at its option, and the Trustee to enter into a supplemental indenture (the "Supplemental Indenture"), pursuant to which the Proposed Amendments will be implemented. The Proposed Amendments provide for, among other things, the exchange of all of the outstanding Series 1 Notes for an equal principal amount of 4.80% Fixed-to-Fixed Rate Subordinated Notes, Series 3 of the Company due January 25, 2081 (the "Series 3 Notes"). The deadline for the submission of written consents by Series 1 Noteholders expired at 5:00 p.m. (Calgary time) on July 22, 2025 (the "Written Consent Deadline"). In order to pass, the Extraordinary Resolution required the written consent of the registered holders of not less than 66 2/3% of the aggregate principal amount of the outstanding Series 1 Notes. As at the Written Consent Deadline, Series 1 Noteholders representing in excess of 66 2/3% of the aggregate principal amount of outstanding Series 1 Notes consented to the Extraordinary Resolution. As a result, Pembina and the Trustee will promptly execute the Supplemental Indenture pursuant to which the Proposed Amendments will become effective and all of the outstanding Series 1 Notes will be exchanged for an equal principal amount of Series 3 Notes. As a result of the Extraordinary Resolution being passed by written consent of the Series 1 Noteholders prior to the Written Consent Deadline, the meeting of the Series 1 Noteholders that was previously scheduled for 12:15 p.m. (Calgary time) on July 28, 2025 is cancelled. The full text of the Extraordinary Resolution and additional details in respect of the Solicitation, the Proposed Amendments and the Series 3 Notes are more fully described in the consent and proxy solicitation statement of Pembina dated June 30, 2025 (the "Consent and Proxy Solicitation Statement"). A copy of the Consent and Proxy Solicitation Statement is available under the Company's SEDAR+ profile at About Pembina Pembina Pipeline Corporation is a leading energy transportation and midstream service provider that has served North America's energy industry for more than 70 years. Pembina owns an extensive network of strategically-located assets, including hydrocarbon liquids and natural gas pipelines, gas gathering and processing facilities, oil and natural gas liquids infrastructure and logistics services, and an export terminals business. Through our integrated value chain, we seek to provide safe and reliable energy solutions that connect producers and consumers across the world, support a more sustainable future and benefit our customers, investors, employees and communities. For more information, please visit Purpose of Pembina: We deliver extraordinary energy solutions so the world can thrive. Pembina is structured into three Divisions: Pipelines Division, Facilities Division and Marketing & New Ventures Division. Pembina's common shares trade on the Toronto and New York stock exchanges under PPL and PBA, respectively. For more information, visit Disclaimer This news release does not constitute an offer to sell or the solicitation of an offer to buy the Series 1 Notes or any other securities in any jurisdiction. The Consent and Proxy Solicitation Statement does not constitute a solicitation of consents or proxies in any jurisdiction in which, or to or from any person to or from whom, it is unlawful to make such solicitation under applicable securities laws. The Series 3 Notes have not been approved or disapproved by any regulatory authority. The Series 3 Notes have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities law, and may not be offered or sold within the United States or to, or for the account or benefit of, United States persons except in transactions exempt from the registration requirements of the United States Securities Act of 1933, as amended, and applicable state securities laws. Forward-Looking Information and Statements This news release contains certain forward-looking statements and forward-looking information (collectively, "forward-looking statements"), including forward-looking statements within the meaning of the "safe harbor" provisions of applicable securities legislation that are based on Pembina's current expectations, estimates, projections and assumptions in light of its experience and its perception of historical trends. In some cases, forward-looking statements can be identified by terminology such as "expect", "intend", "will", "shall", and similar expressions suggesting future events or future performance. In particular, this news release contains forward-looking statements relating to the expected timing and effect of the execution of the Supplemental Indenture and the implementation of the Proposed Amendments; the exchange of Series 1 Notes for Series 3 Notes; and the creation and issuance of the Series 3 Notes and the terms thereof. These forward-looking statements are based on certain assumptions that Pembina has made in respect thereof as at the date of this news release, including: the expected impact of the Proposed Amendment and the exchange of Series 1 Notes for Series 3 Notes on the credit ratings in respect of Pembina and its securities; and certain other assumptions in respect of Pembina's forward-looking statements detailed in Pembina's Annual Information Form for the year ended December 31, 2024 (the "AIF") and Management's Discussion and Analysis for the year ended December 31, 2024 (the "Annual MD&A"), which were each filed on SEDAR+ on February 27, 2025, in Pembina's Management's Discussion and Analysis for the three months ended March 31, 2025 (the "Interim MD&A"), which was filed on SEDAR+ on May 8, 2025, and from time to time in Pembina's public disclosure documents available at and through Pembina's website at These forward-looking statements are not guarantees of future performance and are subject to a number of known and unknown risks and uncertainties, including, but not limited to: the impacts of a changing risk profile and possible subjection to, or continuation of, a credit rating review, which may result in a downgrade or negative outlook being assigned to Pembina or its securities, including the Series 1 Notes and the Series 3 Notes; and certain other risks and uncertainties detailed in the AIF, Annual MD&A, Interim MD&A and from time to time in Pembina's public disclosure documents available at and through Pembina's website at Accordingly, readers are cautioned that events or circumstances could cause results to differ materially from those predicted, forecasted or projected. The forward-looking statements contained in this news release are expressly qualified by the above statements. Pembina does not undertake any obligation to publicly update or revise any forward-looking statements or information contained herein, except as required by applicable laws.
National Post
6 days ago
- Business
- National Post
Pembina Pipeline Corporation Announces Successful Completion of Consent and Proxy Solicitation for 4.80% Fixed-to-Fixed Rate Subordinated Notes, Series 1
Article content CALGARY, Alberta — Pembina Pipeline Corporation ('Pembina' or the 'Company') (TSX: PPL; NYSE: PBA) is pleased to announce the completion of its previously announced solicitation of written consents and proxies (the 'Solicitation') from holders (the 'Series 1 Noteholders') of Pembina's 4.80% Fixed-to-Fixed Rate Subordinated Notes, Series 1 due January 25, 2081 (the 'Series 1 Notes'). The Solicitation received strong support and the Extraordinary Resolution (as defined below) was approved by Series 1 Noteholders. Article content As previously announced, pursuant to the Solicitation, the Series 1 Noteholders were asked to consider and, if deemed advisable, pass an extraordinary resolution (the 'Extraordinary Resolution') to approve certain proposed amendments (the 'Proposed Amendments') to the indenture dated January 25, 2021 (the 'Series 1 Note Indenture') between Pembina, as issuer, and Computershare Trust Company of Canada, as trustee (the 'Trustee'), and to authorize Pembina, at its option, and the Trustee to enter into a supplemental indenture (the 'Supplemental Indenture'), pursuant to which the Proposed Amendments will be implemented. The Proposed Amendments provide for, among other things, the exchange of all of the outstanding Series 1 Notes for an equal principal amount of 4.80% Fixed-to-Fixed Rate Subordinated Notes, Series 3 of the Company due January 25, 2081 (the 'Series 3 Notes'). Article content Article content The deadline for the submission of written consents by Series 1 Noteholders expired at 5:00 p.m. (Calgary time) on July 22, 2025 (the 'Written Consent Deadline'). In order to pass, the Extraordinary Resolution required the written consent of the registered holders of not less than 66 2/3% of the aggregate principal amount of the outstanding Series 1 Notes. As at the Written Consent Deadline, Series 1 Noteholders representing in excess of 66 2/3% of the aggregate principal amount of outstanding Series 1 Notes consented to the Extraordinary Resolution. As a result, Pembina and the Trustee will promptly execute the Supplemental Indenture pursuant to which the Proposed Amendments will become effective and all of the outstanding Series 1 Notes will be exchanged for an equal principal amount of Series 3 Notes. Article content As a result of the Extraordinary Resolution being passed by written consent of the Series 1 Noteholders prior to the Written Consent Deadline, the meeting of the Series 1 Noteholders that was previously scheduled for 12:15 p.m. (Calgary time) on July 28, 2025 is cancelled. Article content The full text of the Extraordinary Resolution and additional details in respect of the Solicitation, the Proposed Amendments and the Series 3 Notes are more fully described in the consent and proxy solicitation statement of Pembina dated June 30, 2025 (the 'Consent and Proxy Solicitation Statement'). A copy of the Consent and Proxy Solicitation Statement is available under the Company's SEDAR+ profile at Article content About Pembina Article content Pembina Pipeline Corporation is a leading energy transportation and midstream service provider that has served North America's energy industry for more than 70 years. Pembina owns an extensive network of strategically-located assets, including hydrocarbon liquids and natural gas pipelines, gas gathering and processing facilities, oil and natural gas liquids infrastructure and logistics services, and an export terminals business. Through our integrated value chain, we seek to provide safe and reliable energy solutions that connect producers and consumers across the world, support a more sustainable future and benefit our customers, investors, employees and communities. For more information, please visit Article content Purpose of Pembina: We deliver extraordinary energy solutions so the world can thrive. Article content Pembina is structured into three Divisions: Pipelines Division, Facilities Division and Marketing & New Ventures Division. Article content Pembina's common shares trade on the Toronto and New York stock exchanges under PPL and PBA, respectively. For more information, visit Article content Disclaimer Article content This news release does not constitute an offer to sell or the solicitation of an offer to buy the Series 1 Notes or any other securities in any jurisdiction. The Consent and Proxy Solicitation Statement does not constitute a solicitation of consents or proxies in any jurisdiction in which, or to or from any person to or from whom, it is unlawful to make such solicitation under applicable securities laws. The Series 3 Notes have not been approved or disapproved by any regulatory authority. The Series 3 Notes have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities law, and may not be offered or sold within the United States or to, or for the account or benefit of, United States persons except in transactions exempt from the registration requirements of the United States Securities Act of 1933, as amended, and applicable state securities laws. Article content Forward-Looking Information and Statements Article content This news release contains certain forward-looking statements and forward-looking information (collectively, 'forward-looking statements'), including forward-looking statements within the meaning of the 'safe harbor' provisions of applicable securities legislation that are based on Pembina's current expectations, estimates, projections and assumptions in light of its experience and its perception of historical trends. In some cases, forward-looking statements can be identified by terminology such as 'expect', 'intend', 'will', 'shall', and similar expressions suggesting future events or future performance. Article content In particular, this news release contains forward-looking statements relating to the expected timing and effect of the execution of the Supplemental Indenture and the implementation of the Proposed Amendments; the exchange of Series 1 Notes for Series 3 Notes; and the creation and issuance of the Series 3 Notes and the terms thereof. Article content These forward-looking statements are based on certain assumptions that Pembina has made in respect thereof as at the date of this news release, including: the expected impact of the Proposed Amendment and the exchange of Series 1 Notes for Series 3 Notes on the credit ratings in respect of Pembina and its securities; and certain other assumptions in respect of Pembina's forward-looking statements detailed in Pembina's Annual Information Form for the year ended December 31, 2024 (the 'AIF') and Management's Discussion and Analysis for the year ended December 31, 2024 (the 'Annual MD&A'), which were each filed on SEDAR+ on February 27, 2025, in Pembina's Management's Discussion and Analysis for the three months ended March 31, 2025 (the 'Interim MD&A'), which was filed on SEDAR+ on May 8, 2025, and from time to time in Pembina's public disclosure documents available at Article content Article content , Article content Article content and through Pembina's website at Article content Article content . Article content These forward-looking statements are not guarantees of future performance and are subject to a number of known and unknown risks and uncertainties, including, but not limited to: the impacts of a changing risk profile and possible subjection to, or continuation of, a credit rating review, which may result in a downgrade or negative outlook being assigned to Pembina or its securities, including the Series 1 Notes and the Series 3 Notes; and certain other risks and uncertainties detailed in the AIF, Annual MD&A, Interim MD&A and from time to time in Pembina's public disclosure documents available at Article content Article content , Article content Article content and through Pembina's website at Article content . Article content Article content Article content Article content Article content Contacts
