Last C$49.01 CAD
Change Today -0.35 / -0.71%
Volume 593.3K
As of 1:23 PM 08/21/14 All times are local (Market data is delayed by at least 15 minutes).

pembina pipeline corp (PPL) Snapshot

Open
C$49.09
Previous Close
C$49.36
Day High
C$49.34
Day Low
C$48.98
52 Week High
08/20/14 - C$49.36
52 Week Low
08/21/13 - C$31.81
Market Cap
15.7B
Average Volume 10 Days
1.2M
EPS TTM
C$1.12
Shares Outstanding
319.8M
EX-Date
08/21/14
P/E TM
43.8x
Dividend
C$1.74
Dividend Yield
3.47%
Current Stock Chart for PEMBINA PIPELINE CORP (PPL)

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pembina pipeline corp (PPL) Details

Pembina Pipeline Corporation provides transportation and midstream services for the energy industry in North America. It operates through four segments: Conventional Pipelines, Oil Sands and Heavy Oil, Gas Services, and Midstream. The Conventional Pipelines segment operates 8,200 kilometers pipeline network and related facilities that transport crude oil, natural gas liquids, and conventional oil and condensate in Alberta and British Columbia. The Oil Sands and Heavy Oil segment owns and operates Syncrude, Horizon, Nipisi, and Mitsue Pipelines, as well as the Cheecham Lateral, which transports synthetic crude oil to oil sands producers. This segment operates approximately 1,650 kilometers of pipeline. The Gas Services segment operates natural gas gathering and processing facilities, including 4 gas plants and 12 compressor stations, as well as operates gathering pipelines. The Midstream segment has interests in extraction and fractionation facilities; and provides terminalling and storage hub services. The company was founded in 1997 and is headquartered in Calgary, Canada.

Founded in 1997

pembina pipeline corp (PPL) Top Compensated Officers

Chief Executive Officer, President and Non-In...
Total Annual Compensation: C$445.8K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: C$357.2K
Senior Vice President of NGL & Natural Gas Fa...
Total Annual Compensation: C$327.9K
Senior Vice President of Pipeline & Crude Oil...
Total Annual Compensation: C$326.3K
Vice President of Midstream - Crude Oil & Con...
Total Annual Compensation: C$320.0K
Compensation as of Fiscal Year 2013.

pembina pipeline corp (PPL) Key Developments

Pembina Pipeline Corporation Presents at 2014 Citi One-on-One MLP / Midstream Infrastructure Conference, Aug-19-2014

Pembina Pipeline Corporation Presents at 2014 Citi One-on-One MLP / Midstream Infrastructure Conference, Aug-19-2014 . Venue: Encore at Wynn Las Vegas, 3121 Las Vegas Boulevard South, Las Vegas, NV 89109, United States.

Pembina Pipeline Corporation Declares Dividend for August 2014 Payable on September 15, 2014

The Board of Directors of Pembina Pipeline Corporation has declared a common share cash dividend for August 2014 of $0.145 per share to be paid, subject to applicable law, on September 15, 2014 to shareholders of record on August 25, 2014.

Pembina Pipeline Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Capital Expenditures Guidance for 2014; Announces Impairment of Non-Core Trucking-Related Assets

Pembina Pipeline Corporation reported earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenue of $1,606 million against $1,175 million for the same period a year ago. Net revenue increased 22% to $360 million during the second quarter of 2014 from $295 million during the same period of 2013. This increase was due to strong performance in Pembina's Midstream business resulting from high volumes and positive pricing, as well as revenue generated by new capital investments, namely the Saturn I Facility and the crude oil, condensate and natural gas liquids Conventional Pipelines expansions. The company generated EBITDA of $235 million compared to $185 million during the second quarter of 2013. The company's earnings decreased to $77 million or $0.21 per common share compared to $93 million or $0.30 per common share during the second quarter of 2013. Cash flow from operating activities was $155 million compared to $151 million for the same period last year. The increase was primarily due to improved results from operating activities and a larger decrease in non-cash working capital in 2014 than in the same period in 2013. Adjusted cash flow from operating activities increased over 27% to $191 million during the second quarter from $150 million for the same quarter last year. On a per share basis, adjusted cash flow from operating activities grew over 20%. This increase was mainly due to higher cash flow from operating despite increased current taxes, share-based payment expenses and preferred dividends declared. For the six months, the company reported revenue of $3,365 million against $2,424 million for the same period a year ago. Net revenue was $807 million compared to $610 million during the same period of 2013. The increase relative to the prior period was due to the same factors that contributed to the higher revenue and net revenue during the second quarter of 2014. The company generated EBITDA of $551 million compared to $396 million during the first half of 2013. These increases were largely due to improved results from operating activities in Pembina's businesses which included returns on new assets, expansions and services as discussed above. Earnings were $224 million or $0.65 per common share compared to $184 million or $0.61 per common share during the same period of the prior year. The year-to-date increase was mostly due to stronger operating margin for the first half of the year in 2014 compared to the same period in 2013. Cash flow from operating activities was $416 million compared to $383 million during the same period last year. The year-to-date increase was primarily due to improved results from operating activities as well as a decrease in non-cash working capital in 2014 compared to a slight increase in 2013. Adjusted cash flow from operating activities was $455 million compared to $352 million during the same period last year. The increases for the three and six month periods were primarily due to higher cash flow from operating activities despite increased current taxes, share-based payment expenses and preferred share dividends declared. The company announced that it is continuing to work towards reaching the $1.7 billion capital expenditures target plan for 2014, but intends to note that some of the project spending profiles are shifting, and so there's a potential that a portion of the spending may be reallocated to 2015. It is also making progress on its plans to increase presence in the Edson, Alberta area and is expecting to spend around $100 million to build out an NGL system, which will consist of a new, dedicated pipeline for NGL from Edson to Fox Creek and transitioning an existing pipeline into dedicated condensate service from Edson to Windfall, as well as an NGL and condensate truck terminal near Edson. The estimated capital includes approximately $23 million associated with the pipeline acquisition announced in November 2013. The company expects 2014 cash taxes o be in the range of $100 million to $125 million. The company also announced that depreciation and amortization included in operations rose to $51 million during the second quarter of 2014 compared to $32 million during the same period in 2013. This increase was primarily a result of the $13 million impairment of non-core trucking-related assets during the second quarter of 2014 and the growth in Pembina's asset base since the prior period.

 

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