Pembina Pipeline ( (TSE:PPL) ) just unveiled an update.
In 2024, Pembina Pipeline Corporation achieved record financial results, driven by acquisitions, increased volumes in the Western Canadian Sedimentary Basin, and strong marketing business performance. The company reported record volumes of 3.5 million barrels of oil equivalent per day, an adjusted EBITDA of $4.4 billion, and a 3.4% dividend increase. Pembina’s strategic achievements included consolidating ownership of Alliance and Aux Sable assets, enhancing its presence in the U.S. natural gas and NGL markets, and advancing the Cedar LNG project with the Haisla Nation, which aims to deliver low-carbon Canadian LNG to global markets. These developments position Pembina for continued growth and resilience in the energy sector.
More about Pembina Pipeline
Pembina Pipeline Corporation is a leading energy transportation and midstream service provider in North America, with over 70 years of experience. The company owns a vast network of assets, including hydrocarbon liquids and natural gas pipelines, gas gathering and processing facilities, oil and natural gas liquids infrastructure, logistics services, and an export terminals business. Pembina aims to provide safe and reliable energy solutions, supporting a sustainable future and benefiting producers, consumers, investors, employees, and communities.
YTD Price Performance: 12.03%
Average Trading Volume: 1,460,035
Technical Sentiment Signal: Strong Sell
Current Market Cap: $23.61B
See more insights into PPL stock on TipRanks’ Stock Analysis page.