A Calgary-based energy transportation company that moves crude oil, natural gas, and natural gas liquids through a network of pipelines and processing plants across Western Canada. It was founded in 1954 as Pembina Pipe Line Ltd., named after the Pembina oil field in Alberta's Drayton Valley — the largest conventional oil field in Canada — which it served by hauling crude to Edmonton for its first 37 years.
Pembina Pipeline files 6-K with updated Code of Ethics Policy
The policy covers conflicts of interest, gifts and hospitality, government officials, honesty, HSE, personnel relations, public relations, outside business activities, and fair dealing.
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Pembina Pipeline Corporation filed a Form 6-K on August 13, 2026, including its Code of Ethics Policy as an exhibit.
The Code of Ethics Policy applies to all directors, officers, employees, consultants, and contractors of Pembina.
Pembina has zero tolerance for bribery and corruption, and personnel must comply with the Anti-Bribery Policy.
The policy was dated July 2026 and signed by CFO Cameron J. Goldade.
Pembina Pipeline reports Q2 2026 adjusted EBITDA of $1,064 million, up 5% year-over-year
Adjusted EBITDA rose 5% to $1,064 million, driven by wider NGL frac spreads and strong volumes, partially offset by the new Alliance toll structure.
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Second quarter 2026 earnings were $512 million, up from $417 million in Q2 2025; adjusted earnings were $415 million, up from $377 million.
The company sanctioned two new growth projects: the $570 million Heartland Extraction Plant and the $4.6 billion (gross) Greenlight Electricity Centre, a 932-MW gas-fired power facility for a Meta data centre.
Pembina announced a non-binding agreement to participate in the proposed West Coast Oil Pipeline with a 10% economic interest during construction, potentially increasing to 20%.
The board declared a Q3 2026 dividend of $0.735 per common share, payable September 29, 2026, to shareholders of record on September 15, 2026.
Pembina reiterated its 2026 adjusted EBITDA guidance of $4.35 billion to $4.55 billion, trending to the midpoint.
Pembina Pipeline reports Q2 2026 earnings of $512M, up from $417M year-over-year
Q2 2026 revenue was $2,152 million, up from $1,792 million in Q2 2025.
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Adjusted EBITDA for Q2 2026 was $1,064 million, up from $1,013 million in the prior year quarter.
Earnings per share (basic) for Q2 2026 was $0.83, compared to $0.65 in Q2 2025.
The increase in earnings was driven by wider NGL frac spreads and strong operational performance, partially offset by the new Alliance Pipeline toll structure.
For the six months ended June 30, 2026, earnings were $1,010 million, up from $919 million in the same period of 2025.
Pembina's Board declared quarterly dividends on preferred shares Series 1, 3, 5, 7, 15, 17, 21, and 25, with amounts ranging from $0.372063 to $0.425875 per share.
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Dividends for Series 1, 3, 5, 7, and 21 are payable September 1, 2026, to shareholders of record on August 4, 2026.
Dividends for Series 15 and 17 are payable October 1, 2026, to shareholders of record on September 15, 2026.
Dividends for Series 25 are payable August 17, 2026, to shareholders of record on July 31, 2026.
Pembina will release second quarter 2026 results on July 30, 2026, after market close, with a conference call webcast on July 31, 2026 at 8:00 a.m. MT.
Pembina congratulates Meta and Alberta on new data centre project powered by Greenlight Electricity Centre.
Pembina, Morgan Stanley Infrastructure Partners, and Kineticor are partners in the Greenlight Electricity Centre Limited Partnership.
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The Greenlight Electricity Centre is a dedicated, behind-the-meter gas-to-power project that will supply electricity to Meta's new Alberta data centre.
Pembina CEO Scott Burrows said the project supports a new growth platform and will catalyze natural gas demand in Western Canada.
The announcement was made on July 8, 2026, with Alberta Premier Danielle Smith and other officials in attendance.
The project follows a recent positive final investment decision on the Greenlight Electricity Centre.
Pembina signs non-binding HOA to join proposed Canada energy corridor project
Pembina Pipeline Corporation entered a non-binding Heads of Agreement with the Government of Canada, the Province of Alberta, Trans Mountain Corporation, and Alberta Petroleum and Marketing Commission.
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The project involves a new ~1 million barrel per day crude oil pipeline from Alberta to Canada's West Coast plus an export terminal, using the Trans Mountain right of way.
Pembina's economic interest would be 10% during construction, with an option for up to an additional 10% once commercial operations begin.
Trans Mountain Corporation will lead construction, regulatory, stakeholder, and operational activities; Pembina will provide development and execution expertise.
Definitive agreements are targeted for September 2026, and Pembina retains full discretion over any final investment decision with no at-risk capital before FID.
Pembina Pipeline and partners announce positive FID on 932 MW Greenlight Electricity Centre
Pembina, Morgan Stanley Infrastructure Partners, and Kineticor approved the Greenlight Electricity Centre, a 932 MW gas-fired power plant in Alberta serving a data centre customer.
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The project's total capital cost is estimated at approximately $4.6 billion gross, with about $2.3 billion net to Pembina, including $190 million from land sale proceeds.
Greenlight is owned 47.5% by Pembina, 47.5% by MSIP, and 5% by Kineticor, with MSIP acquiring OPTrust's 50% interest.
The project is expected to generate annual run-rate adjusted EBITDA of approximately $310 million net to Pembina, with an anticipated in-service date in the second half of 2030.
Approximately 85% of project costs are secured under fixed-price agreements, including EPC contracts with Aecon and Técnicas Reunidas and turbines from Siemens Energy.
Pembina Pipeline sanctions Heartland Extraction Plant, upsized to 750 MMcf/d, with Dow ethane supply increased to 57,500 bpd.
The project has an estimated cost of approximately $570 million and an anticipated in-service date in late 2029.
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Pembina Pipeline Corporation announced it is proceeding with the Heartland Extraction Plant (HEP), a 750 million cubic feet per day straddle plant to extract NGLs on the Yellowhead Pipeline.
Pembina signed a long-term agreement to supply Dow with ethane from HEP beginning in late 2029, scaling to 22,500 barrels per day by end of 2030.
Pembina and Dow amended their existing ethane supply agreement, increasing total ethane supply commitment to 57,500 bpd, a 15% increase from the original 50,000 bpd.
The project is expected to generate EBITDA with a build multiple of 5-7 times, based on long-term average historical pricing, and supports Pembina's 5-7% fee-based adjusted EBITDA per share growth target to 2030.