Last C$46.53 CAD
Change Today +1.33 / 2.94%
Volume 766.5K
PPL On Other Exchanges
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As of 2:01 PM 10/23/14 All times are local (Market data is delayed by at least 15 minutes).

pembina pipeline corp (PPL) Snapshot

Open
C$45.46
Previous Close
C$45.20
Day High
C$46.53
Day Low
C$45.30
52 Week High
09/3/14 - C$53.04
52 Week Low
10/24/13 - C$33.71
Market Cap
14.9B
Average Volume 10 Days
2.7M
EPS TTM
C$1.12
Shares Outstanding
319.8M
EX-Date
10/22/14
P/E TM
41.5x
Dividend
C$1.74
Dividend Yield
3.71%
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.

904 Employees
Last Reported Date: 02/26/14
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 Announces Management Changes

Pembina Pipeline Corporation announced several management changes. As previously disclosed in September 2013, Peter Robertson, Pembina's Chief Financial Officer (CFO), plans to retire at the end of 2014 after 30 years of service with the Company. Pembina announced that Scott Burrows, Pembina's current Vice President (VP) of Capital Markets, will succeed Peter as VP, Finance and CFO effective January 1, 2015. Peter joined Pembina in 1985 and has held the position of CFO since January 2000. As CFO, Scott will oversee the Company's financial operations, investor relations, treasury, tax, corporate planning, corporate development and capital market financings. Scott has significant experience in the energy industry and has provided leadership in the areas of investor relations, strategic development and planning, acquisitions and divestitures and public and private financings. Scott joined Pembina in 2010 and prior to Pembina spent several years in energy focused investment banking. In addition to Scott's appointment, the company is announcing the following changes to its Executive team, effective October 15, 2014: Mike Hantzsch, Pembina's VP of Oil Sands & Heavy Oil will be retiring effective December 31, 2014 and as such, will stay on as Executive Advisor until his departure. Andy Gruzsecki, currently Pembina's VP, Business Development, will succeed Mike. Eric Dyck will take on the role of VP, Marine Terminals as the Company transitions this project from a business development opportunity and into a consultation and construction project. Brad Smith will join Pembina's Executive team as its VP, Operating Services. Brad joined Pembina in 2004 and has been involved in the planning related to its pipeline systems expansions.

Pembina Pipeline Corporation Enters into Commercial Agreements to Expand Resthaven Facility

Pembina Pipeline Corporation has entered into commercial agreements to proceed with a $170 million expansion of the company's recently completed Resthaven facility and to build, own and operate a new gas gathering pipeline that will deliver gas into the Resthaven facility. The Resthaven Expansion is underpinned by a long-term, fee-for-service contract with Mosaic Energy Ltd. The gas processing expansion component of the Project is expected to cost approximately $105 million (gross) and increase capacity of the existing Resthaven Facility by an additional 100 MMcf/d (gross), bringing total capacity to 300 MMcf/d (gross). To support this expansion, Pembina plans to build a $65 million, 28 kilometer 12" gas gathering pipeline that will connect the customer's condensate recovery plant into the Resthaven Facility. Should all the partners in the existing Resthaven Facility participate in the Project, Peebina's capital for the plant will decrease to $75 million and its incremental expansion capacity will be 69 MMcf/d (net). The additional natural gas liquids that will be extracted from the processed gas will be transported on the recently constructed Resthaven lateral.

Pembina Pipeline Corporation Announces Resthaven Plant Expansion

Pembina Pipeline Corporation announced that it has entered into commercial agreements to proceed with a $170 million expansion of the Company's recently completed Resthaven Facility (a 200 million cubic feet per day (MMcf/d) (134 MMcf/d net to Pembina) gas processing facility) and to build, own and operate a new gas gathering pipeline that will deliver gas into the Resthaven Facility. The Resthaven Expansion is underpinned by a long-term, fee-for-service contract with Mosaic Energy Ltd. The gas processing expansion component of the Project is expected to cost approximately $105 million (gross) and increase capacity of the existing Resthaven Facility by an additional 100 MMcf/d (gross), bringing total capacity to 300 MMcf/d (gross). To support this expansion, Pembina plans to build a $65 million, 28 kilometer 12" gas gathering pipeline that will connect the customer's condensate recovery plant into the Resthaven Facility. Should all the partners in the existing Resthaven Facility participate in the Project, Pembina's capital for the plant will decrease to $75 million and its incremental expansion capacity will be 69 MMcf/d (net). The additional natural gas liquids that will be extracted from the processed gas will be transported on the recently constructed Resthaven lateral. Subject to regulatory and environmental approvals, the pipeline is expected to be in-service by the second quarter of 2015, followed by the gas processing expansion in mid 2016.

 

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Valuation PPL Industry Range
Price/Earnings 36.7x
Price/Sales 2.3x
Price/Book 2.7x
Price/Cash Flow 35.9x
TEV/Sales 1.8x
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