Penbina PPL looks real solid

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2 years 4 months ago #122758 by GoldnBoy
GoldnBoy replied the topic: Penbina PPL looks real solid
Another solid qtr.

Financial & Operational Highlights

Record first quarter adjusted EBITDA of $773 million, representing a 12 percent increase over the same period in 2018 was driven primarily by increased gross profit from both the Pipeline and Facilities divisions from new assets that were placed into service in late 2018 and additional commitments on existing assets; the adoption of IFRS 16; a realized gain compared to a realized loss on commodity related derivatives in the Marketing & New Ventures Division; and was partially offset by higher general and administrative costs;

First quarter earnings of $313 million, a five percent decrease over the same period of the prior year, was primarily due to, with the exception of the adoption of IFRS 16, the factors affecting adjusted EBITDA as well as an unrealized loss on commodity related derivatives compared to an unrealized gain in the previous period and higher net finance costs, as net finance costs in the prior period included a gain related to the Company's convertible debentures. First quarter earnings was also positively impacted by a $33 million settlement from an ongoing contract dispute that was resolved during the quarter.

Cash flow from operating activities of $608 million for the first quarter, a 22 percent increase over the same period in 2018, was primarily due to increased operating results, increased distributions from equity accounted investees, and changes in non-cash working capital, offset by higher taxes paid. On a per share (basic) basis, cash flow from operating activities for the first quarter increased by 21 percent, compared to the same period in the prior year;

Adjusted cash flow from operating activities increased by nine percent to $578 million in the first quarter of 2019, compared to the same period in 2018, mainly attributable to an increase in operating results, higher distributions from equity accounted investees, partially offset by an increase in current tax expense and interest paid. On a per share (basic) basis, adjusted cash flow from operating activities for the first quarter increased nine percent compared to the same period of the prior year; and

Total volumes of 3,403 mboe/d for the first quarter of 2019, a four percent increase over the prior year.

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2 years 6 months ago #122404 by alexgreat
alexgreat replied the topic: Penbina PPL looks real solid
Stock has been on an impressive run, not only collecting nice dividend but big capital gains too

Pembina Pipeline Corp.'s board of directors has declared a common share cash dividend for March, 2019, of 19 cents per share to be paid, subject to applicable law, on April 15, 2019, to shareholders of record on March 25, 2019. This dividend is designated an eligible dividend for Canadian income tax purposes. For non-resident shareholders, Pembina's common share dividends should be considered qualified dividends and may be subject to Canadian withholding tax.

For shareholders receiving their common share dividends in U.S. funds, the March, 2019, cash dividend is expected to be approximately 14.24 U.S. cents per share (before deduction of any applicable Canadian withholding tax) based on a currency exchange rate of 0.7493. The actual U.S.-dollar dividend will depend on the Canadian/U.S.-dollar exchange rate on the payment date and will be subject to applicable withholding taxes.

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2 years 10 months ago #121488 by GoldnBoy
GoldnBoy replied the topic: Penbina PPL looks real solid
Yes agree, just love that dividend every month. Not enough pipeline capacity in Canada so demand will be very strong in coming years

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2 years 10 months ago #121454 by Gambler
Gambler replied the topic: Penbina PPL looks real solid
Q3 out today, Financial Highlights

Pembina achieved another strong quarter with increasing volumes leading to robust earnings and Adjusted EBITDA. These results were largely driven by a $10 billion increase in assets year-over-year from the acquisition of Veresen Inc. ("Veresen") in 2017 ("Veresen Acquisition"), new assets placed into service following a large-scale capital program driving growing revenue volumes, widening NGL frac spreads and volatility across the crude oil complex. These factors contributed to:

Third quarter and year-to-date earnings of $334 million and $910 million, a 201 percent and 108 percent increase, respectively, over the same periods in 2017;

Cash flow from operating activities of $481 million for the third quarter and $1.6 billion year-to-date in 2018, increases of 59 percent and 60 percent, respectively, over the same periods in 2017. Adjusted cash flow from operating activities increased by 67 percent and 80 percent to $523 million and $1.6 billion in the third quarter and year-to-date 2018, respectively, compared to the same periods in 2017;

On a per share (basic) basis, cash flow from operating activities for the third quarter and year-to-date in 2018 both increased 27 percent compared to the same periods in the prior year. On a per share (basic) basis, adjusted cash flow from operating activities for the third quarter increased 32 percent and 43 percent year-to-date compared to the same periods of the prior year;

Record third quarter and year-to-date operating margin of $810 million and $2.4 billion, 96 percent and 101 percent higher, respectively, than the same periods of the prior year; and

Record third quarter and year-to-date Adjusted EBITDA of $732 million and $2.1 billion, representing 98 percent and 107 percent increases, respectively, over the same periods in 2017.

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2 years 11 months ago #121209 by alexgreat
alexgreat replied the topic: Penbina PPL looks real solid
more cash in the account

Pembina Pipeline declares CAD 0.19 dividend

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3 years 1 week ago #121032 by GoldnBoy
GoldnBoy replied the topic: Penbina PPL looks real solid
yup still collecting those dividends

CALGARY, Sept. 6, 2018

CALGARY, Sept. 6, 2018 /PRNewswire/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today that its Board of Directors declared a common share cash dividend for September 2018 of $0.19 per share to be paid, subject to applicable law, on October 15, 2018 to shareholders of record on September 25, 2018. This dividend is designated an "eligible dividend" for Canadian income tax purposes. For non-resident shareholders, Pembina's common share dividends should be considered "qualified dividends" and may be subject to Canadian withholding tax.

For shareholders receiving their common share dividends in U.S. funds, the September 2018 cash dividend is expected to be approximately U.S. $0.1441 per share (before deduction of any applicable Canadian withholding tax) based on a currency exchange rate of 0.7584. The actual U.S. dollar dividend will depend on the Canadian/U.S. dollar exchange rate on the payment date and will be subject to applicable withholding taxes.

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3 years 1 month ago #120887 by Gambler
Gambler replied the topic: Penbina PPL looks real solid
Wow this has been a real cash cow - 7.4% dividend and 50% capital gain. Thanks RonS



Financial Highlights

Pembina generated record second quarter results in revenue volumes, adjusted cash flow from operating activities, operating margin and Adjusted EBITDA, largely driven by a $10 billion increase in assets year-over-year from the acquisition of Veresen in 2017, and new assets placed into service following a large-scale capital program;

Generated second quarter and year-to-date earnings of $246 million and $576 million, a 110 percent and 76 percent increase, respectively, over the same periods of the prior year, due to increased net revenue and share of profit from equity accounted investees;

Realized record second quarter and year-to-date operating margin of $787 million and $1.5 billion, 123 percent and 103 percent higher, respectively, than the second quarter and first half of 2017.

Achieved record second quarter and year-to-date Adjusted EBITDA of $700 million and $1.4 billion, representing 136 percent and 112 percent increases, respectively, over the same periods in 2017;

Cash flow from operating activities was $603 million for the second quarter and $1.1 billion year-to-date in 2018, increases of 67 percent and 60 percent, respectively, over the same periods in 2017. Adjusted cash flow from operating activities increased by 103 percent and 87 percent to $558 million and $1.1 billion in the second quarter and first half of 2018, respectively, compared to the same period in 2017; and

On a per share (basic) basis, cash flow from operating activities for the second quarter and year-to-date in 2018 increased 33 percent and 27 percent, respectively, compared to the same periods in the prior year. On a per share (basic) basis, adjusted cash flow from operating activities for the second quarter increased 63 percent and 48 percent year-to-date compared to the same periods of the prior year.

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3 years 5 months ago #120423 by Gambler
Gambler replied the topic: Penbina PPL looks real solid
Kaching. everyone her still holding and collecting every month

, April 3, 2018 /PRNewswire/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today that its Board of Directors declared a common share cash dividend for April 2018 of $0.18 per share to be paid, subject to applicable law, on May 15, 2018 to shareholders of record on April 25, 2018. This dividend is designated an "eligible dividend" for Canadian income tax purposes. For non-resident shareholders, Pembina's common share dividends should be considered "qualified dividends" and may be subject to Canadian withholding tax.

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3 years 9 months ago #119568 by lynnsa10
lynnsa10 replied the topic: Penbina PPL looks real solid

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3 years 10 months ago #119434 by DearJohn
DearJohn replied the topic: Penbina PPL looks real solid
Well it took a pull back and did so, new $46 high last week

Pembina Pipeline Corp. has declared a common share cash dividend for November, 2017, of 18 cents per share to be paid, subject to applicable law, on Dec. 15, 2017, to shareholders of record on Nov. 25, 2017. This dividend is designated an eligible dividend for Canadian income tax purposes. For non-resident shareholders, Pembina's common share dividends should be considered qualified dividends and may be subject to Canadian withholding tax.

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3 years 11 months ago #118997 by lynnsa10
lynnsa10 replied the topic: Penbina PPL looks real solid
Gambler, I seen that and looks like stock at $44 is about to break out to new highs
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3 years 11 months ago #118995 by Gambler
Gambler replied the topic: Penbina PPL looks real solid
2017-10-02 10:57 ET - News Release

Also News Release (C-VSN) Veresen Inc

Mr. Mick Dilger of Pembina reports

PEMBINA ANNOUNCES CLOSING OF BUSINESS COMBINATION WITH VERESEN, DECLARES INCREASED COMMON SHARE DIVIDEND AND PROVIDES BUSINESS UPDATE

Pembina Pipeline Corp. has completed its previously announced business combination with Veresen Inc. pursuant to a plan of arrangement under Section 193 of the Business Corporations Act (Alberta) to create one of the largest energy infrastructure companies in Canada.

"Today marks another significant milestone for Pembina," said Mick Dilger, Pembina's president and chief executive officer. "With increased size and scale, the combined companies create a platform in which we can pursue expanded growth opportunities while continuing to support future dividend growth and value creation for our shareholders. Our customers will also benefit from the enhanced service offerings through the highly integrated asset base and the extended geographic reach."

"We are also proud to have increased the common share dividend for the second time this year -- a testament to the strength of the combined companies and to our commitment of providing value to our shareholders," continued Mr. Dilger. "We have recently placed $2.8-billion of projects into service and expect to place approximately $2-billion of additional projects into service by early 2018. Pembina has truly become a leading North American infrastructure company and is well positioned to deliver top-tier performance going forward. Our future is bright and I am excited to realize our expected near-term transformational results," concluded Mr. Dilger.

Common share dividend increase and declaration

In conjunction with closing of the transaction, Pembina is proceeding with the previously announced increase to its common share dividend. As such, Pembina's board of directors has declared a common share cash dividend for October, 2017, of 18 cents per share to be paid, subject to applicable law, on Nov. 15, 2017, to shareholders of record on Oct. 25, 2017. This dividend reflects a 5.9-per-cent increase to the current monthly common share dividend rate of 17 cents per share.

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