Record Adjusted EBITDA
Pembina reported record third quarter adjusted EBITDA of $1.019 billion, consistent with the same period in the prior year.
Strategic Acquisitions
Completed acquisition of the remaining 14.6% interest in Aux Sable's U.S. operations, achieving full ownership. PGI, jointly owned by Pembina and KKR, entered into significant transactions with Whitecap and Veren.
Pipeline Volume Growth
Pipeline volumes increased by 6% year-over-year, driven by increased ownership interest in Alliance and the reactivation of the Nipisi pipeline.
Financial Stability
Pembina's debt to adjusted EBITDA ratio is 3.6x, with a normalized ratio of approximately 3.4x, indicating strong financial health.
Cedar LNG Project Progress
Onshore construction activities have begun, with site clearing and other civil works completed.