An announcement from Pembina Pipeline ( (TSE:PPL) ) is now available.
Pembina Pipeline Corporation reported record financial results for the fourth quarter and full year of 2024, with full-year earnings reaching $1,874 million and a record adjusted EBITDA of $4,408 million. The company also announced several business developments, including asset acquisitions and infrastructure investments totaling up to $700 million, the completion of the NEBC MPS Expansion, and new long-term contracts for its Nipisi Pipeline. Additionally, Pembina is advancing various capital-efficient projects and has entered into a partnership for a power generation facility, reflecting its strategic focus on expanding infrastructure and meeting growing demand.
More about Pembina Pipeline
Pembina Pipeline Corporation is a leading energy infrastructure company in North America, primarily engaged in the transportation and storage of oil and natural gas. The company operates in the pipeline and facilities sectors, with a focus on providing energy transportation and midstream services across Canada and the United States.
YTD Price Performance: -2.43%
Average Trading Volume: 1,530,100
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $21.01B
Learn more about PPL stock on TipRanks’ Stock Analysis page.