Pembina Pipeline Corporation

Record Financial Performance: Pembina Pipeline Corporation reported remarkable fourth quarter results, with earnings of $572 million, a record quarterly adjusted EBITDA of $1.254 billion (up 21% YOY), and adjusted cash flow from operating activities of $922 million ($1.59 per share). For the full year, the company achieved earnings of $1.874 billion and record adjusted cash flow of $3.265 billion ($5.70 per share).

Strong Future Outlook: Management expressed confidence in growth within the Western Canadian Sedimentary Basin (WCSB), projecting mid-single-digit growth rates. They identified ongoing demand for midstream services and a healthy pipeline of projects totaling approximately $8 billion that are either under construction or in various development stages.

New Strategic Initiatives: Pembina is advancing several key projects, including a new 50% stake in the Greenlight Electricity Centre and securing extraction rights from the Yellowhead mainline. These initiatives are expected to enhance energy supply for growing industrial demands, particularly in Alberta's data center sector, indicating a diversification in revenue sources.