RY 157.7 -1.4375% SHOP 130.69 -5.8701% TD 83.43 -0.572% ENB 61.15 -0.1633% BN 70.49 -2.5035% TRI 245.49 -0.1464% CNQ 41.24 -1.8563% CP 105.59 -0.8731% CNR 138.52 -0.5314% BMO 137.66 -1.2553% BNS 68.185 -0.3726% CSU 4642.0298 -2.3746% CM 79.41 -1.2682% MFC 41.06 -2.3776% ATD 68.63 -1.422% NGT 66.0 5.2128% TRP 67.02 0.0149% SU 51.64 0.4669% WCN 264.88 0.5619% L 184.84 -1.229%

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Pembina (TSX:PPL) Expands Infrastructure with Acquisitions worth CAD 700Mn, Forecasts FY25 EBITDA Upto CAD4.5Bn

Image source: Shutterstock 

Highlights

 Pembina Pipeline Corporation (TSX:PPL) is a midstream company serving Canadian and North American markets with integrated pipeline, storage, and propane assets.

For the financial year 2024 (FY24), Pembina reported a revenue of CAD 7,384 million, marking a 16.6% YoY increase compared to FY23. This growth was driven by the acquisition of Alliance and Aux Sable, alongside higher NGL prices and increased crude oil volumes. The company also saw a rise in gross profit, which reached CAD 3,316 million, up by 16.8% YoY, reflecting the positive impact of higher revenues during the period.

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