Pembina Pipeline Records Stellar Q2 Results

Pembina Pipeline (TSE:PPL) has released an update.

Pembina Pipeline Corporation has announced a record-breaking second quarter in 2024, with earnings of $479 million, alongside a record adjusted EBITDA of $1,091 million, and an unprecedented adjusted cash flow from operating activities of $837 million. The company has raised its full-year adjusted EBITDA guidance to between $4.20 billion and $4.35 billion and declared a quarterly dividend of $0.69 per share. These stellar results follow significant business developments, including the completion of a $3.1 billion acquisition and a final investment decision on the $4 billion Cedar LNG Project.

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