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Last C$40.09 CAD
Change Today -0.16 / -0.40%
Volume 1.6M
As of 4:27 PM 05/29/15 All times are local (Market data is delayed by at least 15 minutes).

pembina pipeline corp (PPL) Snapshot

Open
C$40.15
Previous Close
C$40.25
Day High
C$40.42
Day Low
C$39.95
52 Week High
09/3/14 - C$53.04
52 Week Low
01/14/15 - C$36.16
Market Cap
13.3B
Average Volume 10 Days
890.5K
EPS TTM
C$0.94
Shares Outstanding
332.3M
EX-Date
05/21/15
P/E TM
42.9x
Dividend
C$1.83
Dividend Yield
4.36%
Current Stock Chart for PEMBINA PIPELINE CORP (PPL)

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pembina pipeline corp (PPL) Details

Pembina Pipeline Corporation provides transportation and midstream services for the energy industry in North America. It operates through four businesses: Conventional Pipelines, Oil Sands & Heavy Oil, Gas Services, and Midstream. The Conventional Pipelines business operates 8,800 kilometers of pipeline network that transports hydrocarbon products and extends across Alberta and parts of British Columbia. It also transports ethane from North Dakota and Saskatchewan to Empress, Alberta. The Oil Sands & Heavy Oil business transports crude oil for the Syncrude Project and the Horizon Project to delivery points near Edmonton, Alberta; owns and operates the Nipisi and Mitsue pipelines, which provide transportation for producers operating in the Pelican Lake and Peace River heavy oil regions of Alberta; and the Cheecham Lateral, which transports synthetic crude to oil sands producers operating southeast of Fort McMurray, Alberta. This segment operates approximately 1,650 kilometers of pipeline and has 880 thousands of barrels per day (mbpd) of capacity. The Gas Services business gathers and process natural gas. It operates 7 gas plants, 12 compressor stations, and approximately 375 kilometers of gathering systems. The Midstream business offers midstream products and services, including terminalling, storage, and hub. It operates 17 truck terminals; 21 inbound and 13 outbound pipeline connections; 1.2 mmbpd of crude oil and condensate supply; and 310 mbbls of surface storage in and around the Edmonton and Fort Saskatchewan, Alberta areas, as well as operates 2 NGL operating systems. Pembina Pipeline Corporation was founded in 1997 and is headquartered in Calgary, Canada.

1,111 Employees
Last Reported Date: 02/26/15
Founded in 1997

pembina pipeline corp (PPL) Top Compensated Officers

Chief Executive Officer, President and Non-In...
Total Annual Compensation: C$570.0K
Senior Vice President of NGL & Natural Gas Fa...
Total Annual Compensation: C$373.3K
Senior Vice President of Pipeline & Crude Oil...
Total Annual Compensation: C$373.3K
Vice President of Business Development and Vi...
Total Annual Compensation: C$328.3K
Compensation as of Fiscal Year 2014.

pembina pipeline corp (PPL) Key Developments

Pembina Pipeline Corporation to Provide Terminalling Services for Sturgeon Refinery and Signs Deal for New Pipeline Lateral

Pembina Pipeline Corporation announced that it will provide terminalling services for the North West Redwater Partnership with respect to North West's planned refinery. Separately, the company also announced that it has entered into agreements to construct a new pipeline lateral in the Karr area of Alberta to service growing production from the Montney resource play. The terminalling services will be provided by Pembina to North West under a 30-year fixed return agreement and a 10-year natural gas liquids mix purchase and sale agreement related to the third fractionator Pembina is constructing at its Redwater site. Pembina expects a capital investment of $180 million will be required to construct the terminalling facilities. The facilities include truck and rail loading, storage, as well as handling and processing equipment for a variety of products delivered from North West. Subject to regulatory and environmental approvals, the facilities are expected to be in service mid-2017.

Pembina Pipeline Corporation Places Phase II LVP Expansion into Service

Pembina Pipeline Corporation has placed its Phase II low vapor pressure, or LVP, crude oil and condensate pipeline expansion, or Phase II LVP Expansion, into service. The Phase II LVP Expansion, which is underpinned by long-term contracts with Pembina's customers, was commissioned on April 8, 2015 and was placed into service on April 24, 2015, adding an incremental 55,000 barrels per day on the Company's Peace Pipeline System and bringing total capacity on this line to over 250,000 bpd.

Pembina Pipeline Corporation Announces Unaudited Earnings and Production Results for the First Quarter Ended March 31, 2015

Pembina Pipeline Corporation announced unaudited earnings and production results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue of CAD 1,154 million against CAD 1,759 million a year ago. Earnings were CAD 120 million or CAD 0.32 diluted per share against CAD 147 million or CAD 0.41 basic and diluted per share a year ago. EBITDA was CAD 240 million against CAD 316 million a year ago. Cash flow from operating activities was CAD 120 million or CAD 0.35 basic per share against CAD 261 million or CAD 0.82 basic per share a year ago. Adjusted cash flow from operating activities was CAD 213 million or CAD 0.63 basic per share against CAD 264 million or CAD 0.83 basic per share a year ago. Capital expenditures were CAD 498 million against CAD 287 million a year ago. Despite strong performance within the company's Conventional Pipelines and Gas Services business, where revenue increased 32% and 29%, respectively, in the first quarter of 2015 compared to the first quarter of 2014, the decrease in consolidated revenue and net revenue was largely due to the impact of significantly lower commodity prices on the company's Midstream business in the first three months of 2015 compared to the same period of the prior year. For the quarter, the company reported conventional pipelines throughput was 633 mbpd compared to 553 mbpd a year ago. Oil Sands & Heavy Oil contracted capacity was 880 mbpd compared to 880 mbpd a year ago. Gas Services average volume processed net to Pembina 113 mboe/d compared to 88 mboe/d a year ago. Midstream NGL sales volume was 129 mbpd compared to 133 mbpd a year ago.

 

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Industry Analysis

PPL

Industry Average

Valuation PPL Industry Range
Price/Earnings 42.9x
Price/Sales 2.5x
Price/Book 2.5x
Price/Cash Flow 39.3x
TEV/Sales 1.8x
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