PEMBINA PIPELINE A SE.15

Pembina has made the final investment decision for the 932 MW gas‑fired Greenlight Electricity Centre in Sturgeon County. The project is being developed by a joint venture with Morgan Stanley Infrastructure Partners and Kineticor; total project costs are about C$4 billion (around C$4.6 billion including financing costs). Pembina’s net investment after land proceeds is roughly C$2.1 billion and is expected to deliver an annual adjusted EBITDA run‑rate of about C$310 million after commissioning; commissioning is scheduled for the second half of 2030. Construction will be largely executed under fixed‑price EPC contracts with a consortium of Aecon and Técnicas Reunidas, and about 60% of the costs will be financed with project‑specific debt. The plant uses a combined‑cycle (GuD) configuration with Siemens Energy turbines and will require about 150 million cubic feet of natural gas per day. » More on de.investing.com

Pembina Pipeline reported Q3 EPS of USD 0.43 and revenue of USD 1.79 billion, both well below analyst expectations, after which the stock fell 3.84%. Adjusted EBITDA rose slightly to CAD 1.034 billion, and the company reaffirmed its full-year EBITDA guidance at CAD 4.25–4.35 billion. Management highlighted progress on large projects such as Cedar LNG and on new contracts, but warned of execution risks and volatile market conditions. » More on de.investing.com