Pembina Pipeline Corp. ( (PBA) ) has released its Q4 earnings. Here is a breakdown of the information Pembina Pipeline Corp. presented to its investors.
Pembina Pipeline Corporation is a leading energy transportation and midstream service provider operating primarily in North America, known for its extensive network of pipelines and facilities that transport and process hydrocarbons.
Pembina Pipeline Corp. has reported record financial results for the fourth quarter and full year of 2024, showcasing significant growth in earnings and cash flow from operating activities. The company achieved a full-year adjusted EBITDA of $4.408 billion and adjusted cash flow from operating activities of $3.265 billion, marking a substantial increase from the previous year.
Key financial highlights include a 21% increase in quarterly adjusted EBITDA to $1.254 billion and a 15% rise in full-year adjusted EBITDA. The company also reported strategic developments, such as the successful execution of the NEBC MPS Expansion and the acquisition of assets from Whitecap Resources Inc. and Veren Inc., which are expected to enhance infrastructure development. Additionally, Pembina is advancing several capital-efficient projects to meet growing demand, including expansions of its pipeline systems and new ventures in power generation.
Looking forward, Pembina’s management remains optimistic about the company’s growth prospects, with expectations of continued volume growth across the Western Canadian Sedimentary Basin and the successful execution of ongoing projects. The company is focused on maintaining safe, reliable operations and enhancing asset utilization to meet increasing demand.
Pembina’s strategic initiatives and robust financial performance position it well for future growth, with plans to capitalize on opportunities in the energy sector and deliver value to shareholders.