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Pembina Pipeline Corporation provides energy transportation and midstream services. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 2.8 millions of barrels of oil equivalent per day, the ground storage capacity of 11 millions of barrels, and rail terminalling capacity of approximately 105 thousands of barrels of oil equivalent per day serving markets and basins across North America. The Facilities segment offers infrastructure that provides customers with natural gas, condensate, and natural gas liquids (NGLs), including ethane, propane, butane, and condensate; and includes 354 thousands of barrels per day of NGL fractionation capacity, 21 millions of barrels of cavern storage capacity, and associated pipeline and rail terminalling facilities. The Marketing & New Ventures segment buys and sells hydrocarbon liquids and natural gas originating in the Western Canadian sedimentary basin and other basins. Pembina Pipeline Corporation was founded in 1954 and is headquartered in Calgary, Canada.
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Pembina Pipeline Corp is a Canadian energy infrastructure company that owns and operates crude and liquids pipelines, natural gas processing, NGL fractionation and storage facilities and related midstream services across Western Canada. Long-term growth drivers include pipeline and midstream expansions, rising takeaway and export capacity for natural gas and NGLs, and long-term contracts that may provide revenue visibility. Investors may find the company attractive for its scale in Canadian midstream assets and generally stable contracted revenues that could support distributions and reinvestment.
Key investment risks include sensitivity to commodity markets through some contracts, regulatory and permitting delays or opposition to new infrastructure, substantial capital intensity and leverage, and longer-term demand uncertainty from the energy transition.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | 3219.00M | 1665.00M | -416.00M | 1528.00M | 1742.00M |
| Minority interest | - | - | 60.00M | 60.00M | 60.00M |
| Net income | 2971.00M | 1242.00M | -316.00M | 1492.00M | 1278.00M |
| Selling general administrative | 399.00M | 306.00M | 246.00M | 296.00M | 279.00M |
| Gross profit | 3123.00M | 2647.00M | 2008.00M | 2433.00M | 2327.00M |
| Reconciled depreciation | 683.00M | 723.00M | 700.00M | 511.00M | 417.00M |
| Ebit | 2595.00M | 2115.00M | 1780.00M | 1822.00M | 2021.00M |
| Ebitda | 3278.00M | 3312.00M | 2480.00M | 2433.00M | 2438.00M |
| Depreciation and amortization | 683.00M | 1197.00M | 700.00M | 611.00M | 417.00M |
| Non operating income net other | - | - | - | 0.00M | 0.00M |
| Operating income | 2595.00M | 2115.00M | 1780.00M | 1822.00M | 2021.00M |
| Other operating expenses | 9016.00M | 6038.00M | 4422.00M | 5108.00M | 5330.00M |
| Interest expense | 462.00M | 440.00M | 416.00M | 321.00M | 286.00M |
| Tax provision | 248.00M | 423.00M | -100.00M | 36.00M | 464.00M |
| Interest income | - | 434.00M | 405.00M | 281.00M | 267.00M |
| Net interest income | -462.00M | -440.00M | -416.00M | -320.00M | -286.00M |
| Extraordinary items | - | - | - | 0.00M | 0.00M |
| Non recurring | - | - | - | 0.00M | 0.00M |
| Other items | - | - | - | 0.00M | 0.00M |
| Income tax expense | 248.00M | 423.00M | -100.00M | 36.00M | 464.00M |
| Total revenue | 11611.00M | 8627.00M | 6202.00M | 7230.00M | 7351.00M |
| Total operating expenses | 528.00M | 58.00M | 228.00M | 311.00M | 306.00M |
| Cost of revenue | 8488.00M | 5980.00M | 4194.00M | 4797.00M | 5024.00M |
| Total other income expense net | 624.00M | -450.00M | -2196.00M | -294.00M | 7.00M |
| Discontinued operations | - | - | - | 0.00M | 0.00M |
| Net income from continuing ops | 2971.00M | 1242.00M | -316.00M | 1492.00M | 1278.00M |
| Net income applicable to common shares | 2842.00M | 1098.00M | -476.00M | 1376.00M | 1153.00M |
| Preferred stock and other adjustments | - | - | - | 0.00M | 0.00M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Total assets | 31475.00M | 31456.00M | 31416.00M | 33153.00M | 26664.00M |
| Intangible assets | 1574.00M | 1545.00M | 1646.00M | 1745.00M | 531.00M |
| Other current assets | 137.00M | 46.00M | 49.00M | 65.00M | 70.00M |
| Total liab | 15686.00M | 17093.00M | 16401.00M | 16383.00M | 12260.00M |
| Total stockholder equity | 15729.00M | 14303.00M | 14955.00M | 16710.00M | 14344.00M |
| Deferred long term liab | - | - | - | 0.00M | 0.00M |
| Other current liab | 740.00M | 579.00M | 586.00M | 515.00M | 454.00M |
| Common stock | 15793.00M | 15678.00M | 15644.00M | 15539.00M | 13662.00M |
| Capital stock | 18001.00M | 18195.00M | 18590.00M | 18495.00M | 16085.00M |
| Retained earnings | -2613.00M | -3920.00M | -3637.00M | -1883.00M | -2058.00M |
| Other liab | 3044.00M | 3829.00M | 3669.00M | 3653.00M | 3713.00M |
| Good will | 4557.00M | 4693.00M | 4694.00M | 4684.00M | 3878.00M |
| Other assets | 561.00M | 577.00M | 510.00M | 295.00M | 144.00M |
| Cash | 94.00M | 43.00M | 81.00M | 129.00M | 157.00M |
| Total current liabilities | 2046.00M | 2390.00M | 1781.00M | 1457.00M | 1490.00M |
| Current deferred revenue | 56.00M | 71.00M | 62.00M | 39.00M | 37.00M |
| Net debt | 11181.00M | 11919.00M | 11569.00M | 10842.00M | 7380.00M |
| Short term debt | 679.00M | 1088.00M | 699.00M | 186.00M | 480.00M |
| Short long term debt | 600.00M | 1000.00M | 600.00M | 74.00M | 480.00M |
| Short long term debt total | 11275.00M | 11962.00M | 11650.00M | 10971.00M | 7537.00M |
| Other stockholder equity | 341.00M | 28.00M | 2948.00M | 2980.00M | 2495.00M |
| Property plant equipment | 16036.00M | 18774.00M | 19200.00M | 19053.00M | 14730.00M |
| Total current assets | 1362.00M | 1245.00M | 989.00M | 987.00M | 1013.00M |
| Long term investments | 7370.00M | 4622.00M | 4377.00M | 5954.00M | 6368.00M |
| Net tangible assets | 7390.00M | 5548.00M | 5669.00M | 7408.00M | 7512.00M |
| Short term investments | - | - | - | 0.00M | 0.00M |
| Net receivables | 862.00M | 780.00M | 638.00M | 667.00M | 588.00M |
| Long term debt | 10000.00M | 10239.00M | 10276.00M | 10078.00M | 7057.00M |
| Inventory | 269.00M | 376.00M | 221.00M | 126.00M | 198.00M |
| Accounts payable | 571.00M | 652.00M | 434.00M | 717.00M | 519.00M |
| Total permanent equity | - | - | - | 0.00M | 0.00M |
| Noncontrolling interest in consolidated entity | - | - | - | 0.00M | 0.00M |
| Temporary equity redeemable noncontrolling interests | - | - | - | 0.00M | 0.00M |
| Accumulated other comprehensive income | 341.00M | 28.00M | 2.00M | 98.00M | 317.00M |
| Additional paid in capital | - | - | - | 0.00M | 0.00M |
| Common stock total equity | - | - | 15644.00M | 15539.00M | 13662.00M |
| Preferred stock total equity | - | - | - | 0.00M | 0.00M |
| Retained earnings total equity | - | - | - | 0.00M | 0.00M |
| Treasury stock | - | - | - | 0.00M | 0.00M |
| Accumulated amortization | - | - | - | 0.00M | 0.00M |
| Non currrent assets other | 315.00M | 320.00M | 188.00M | 186.00M | 9.00M |
| Deferred long term asset charges | - | - | - | 0.00M | 0.00M |
| Non current assets total | 30113.00M | 30211.00M | 30427.00M | 32166.00M | 25651.00M |
| Capital lease obligations | 675.00M | 723.00M | 774.00M | 819.00M | 0.00M |
| Long term debt total | - | 10874.00M | 10951.00M | 10785.00M | 7057.00M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | -154.00M | -335.00M | -1483.00M | -206.00M | -58.00M |
| Change to liabilities | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Total cashflows from investing activities | -154.00M | -1039.00M | -1483.00M | -3910.00M | -1311.00M |
| Net borrowings | -746.00M | 277.00M | 644.00M | 2537.00M | 68.00M |
| Total cash from financing activities | -2720.00M | -1665.00M | -809.00M | 1351.00M | -1126.00M |
| Change to operating activities | 177.00M | -100.00M | -93.00M | 106.00M | -83.00M |
| Net income | 2971.00M | 1242.00M | -316.00M | 1492.00M | 1278.00M |
| Change in cash | 64.00M | -38.00M | -48.00M | -28.00M | -164.00M |
| Begin period cash flow | 43.00M | 81.00M | 129.00M | 157.00M | 321.00M |
| End period cash flow | 107.00M | 43.00M | 81.00M | 129.00M | 157.00M |
| Total cash from operating activities | 2929.00M | 2650.00M | 2252.00M | 2532.00M | 2256.00M |
| Issuance of capital stock | - | - | - | - | 0.00M |
| Depreciation | 683.00M | 723.00M | 700.00M | 511.00M | 417.00M |
| Other cashflows from investing activities | -86.00M | 9.00M | -215.00M | -8.00M | 8.00M |
| Dividends paid | -1651.00M | -1521.00M | -1530.00M | -1323.00M | 1247.00M |
| Change to inventory | - | - | - | 0.00M | 0.00M |
| Change to account receivables | - | - | - | 0.00M | 0.00M |
| Sale purchase of stock | -633.00M | -437.00M | 88.00M | 151.00M | 61.00M |
| Other cashflows from financing activities | 649.00M | 1603.00M | 3236.00M | 4608.00M | 2119.00M |
| Change to netincome | -918.00M | 785.00M | 1946.00M | 404.00M | 632.00M |
| Capital expenditures | 605.00M | 658.00M | 1029.00M | 1645.00M | 1226.00M |
| Change receivables | - | - | - | 0.00M | 0.00M |
| Cash flows other operating | - | - | - | 0.00M | 0.00M |
| Exchange rate changes | - | - | - | 0.00M | 0.00M |
| Cash and cash equivalents changes | - | - | - | 0.00M | 0.00M |
| Change in working capital | 177.00M | -100.00M | -93.00M | 106.00M | -83.00M |
| Stock based compensation | 126.00M | 100.00M | 28.00M | 66.00M | 63.00M |
| Other non cash items | -1276.00M | 262.00M | 2033.00M | 321.00M | 117.00M |
| Free cash flow | 2324.00M | 1992.00M | 1223.00M | 887.00M | 1030.00M |
Sector: Energy Industry: Oil & Gas Midstream
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| PBA Pembina Pipeline Corp |
0.28 0.57% |
49.01 | 21.07 | 13.93 | 1.98 | 1.84 | 3.05 | 10.11 |
| EBBNF Enbridge Inc |
- -% |
25.00 | 11.23 | - | 1.48 | - | - | - |
| EPD Enterprise Products Partners LP |
0.44 1.20% |
37.14 | 13.38 | 12.24 | 1.43 | 2.76 | 2.01 | 11.37 |
| ENB Enbridge Inc |
0.36 0.76% |
47.76 | 32.07 | 17.33 | 1.67 | 1.73 | 2.98 | 10.28 |
| ET Energy Transfer LP |
0.34 1.78% |
19.43 | 14.71 | 12.67 | 0.68 | 2.09 | 1.33 | 8.25 |
Pembina Pipeline Corporation provides energy transportation and midstream services. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 2.8 millions of barrels of oil equivalent per day, the ground storage capacity of 11 millions of barrels, and rail terminalling capacity of approximately 105 thousands of barrels of oil equivalent per day serving markets and basins across North America. The Facilities segment offers infrastructure that provides customers with natural gas, condensate, and natural gas liquids (NGLs), including ethane, propane, butane, and condensate; and includes 354 thousands of barrels per day of NGL fractionation capacity, 21 millions of barrels of cavern storage capacity, and associated pipeline and rail terminalling facilities. The Marketing & New Ventures segment buys and sells hydrocarbon liquids and natural gas originating in the Western Canadian sedimentary basin and other basins. Pembina Pipeline Corporation was founded in 1954 and is headquartered in Calgary, Canada.
| Name | Title | Year Born |
|---|---|---|
| Mr. J. Scott Burrows | Pres, CEO & Director | 1980 |
| Mr. Cameron J. Goldade | Sr. VP & CFO | NA |
| Mr. Jaret A. Sprott PEng | Sr. VP & COO | NA |
| Mr. Stuart V. Taylor | Sr. VP of Marketing & New Ventures and Corp. Devel. Officer | NA |
| Mr. Allan Charlesworth | VP of Technical Services | NA |
| Mr. Scott W. Arnold | Mang. of Investor Relations | NA |
| Ms. Janet C. Loduca | Sr. VP of External Affairs and Chief Legal & Sustainability Officer | 1968 |
| Ms. Claudia D'Orazio | VP of HR | NA |
| Ms. Eva Bishop | Sr. VP of Corp. Services | NA |
| Ms. Tracy Krista Hecker CA | VP & Controller | NA |
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