Pembina Pipeline

Pembina, together with Morgan Stanley Infrastructure Partners and Kineticor, has taken the final investment decision for the Greenlight Electricity Centre, a "Behind-the-Meter" gas-to-power project that will supply the new Meta data centre in Alberta. The consortium forms the Greenlight Electricity Centre Limited Partnership and views gas power generation as a new demand outlet for Western Canadian hydrocarbons. Pembina emphasizes that the project represents a growth platform for dedicated, contract-backed power infrastructure. The company most recently reported revenue growth of 7.5% and a dividend yield of 3.13%. » More on de.investing.com

Pembina has signed a non-binding term sheet to participate in a new crude oil pipeline system with about 1 million barrels per day capacity and an export terminal, together with the Canadian government, the province of Alberta and Trans Mountain. The planned project company is to be majority-owned by the government, Alberta and Pembina, with an ownership stake reserved for Indigenous partners; Trans Mountain will take on construction, permitting and operation. Pembina will hold a 10% economic interest during the construction phase with an option for a further 10% after commercial start-up, is currently conducting due diligence and plans to sign final agreements by September 2026; participation is subject to conditions and a final investment decision. Protections against cost overruns and return requirements are envisaged, and Pembina will not deploy at-risk development capital before a final decision. » More on de.investing.com

Pembina Pipeline beat analyst expectations in the first quarter of 2026 with earnings per share of USD 0.5821 versus the USD 0.52 forecast and revenue of USD 1.52 billion. Adjusted EBITDA was CAD 1.131 billion (down 3% year‑on‑year), but the annual target was raised by CAD 175 million to CAD 4.35–4.55 billion. The dividend will increase by CAD 0.025 per share starting in June, and the stock rose in after‑hours trading. » More on de.investing.com