Pembina Pipeline cuts capital spending plan by up to $1.1 billion [Toronto Globe and Mail (Ontario, Canada)]
Pembina Pipeline Corp. Ordinary Shares (Canada) (PBA)
Last pembina pipeline corp. ordinary shares (canada) earnings: 2/27 05:44 pm
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Source: Toronto Globe and Mail
Pembina Pipeline cuts capital spending plan by up to $1.1 billion Pembina Pipeline Corp. is cutting its capital spending plan for this year by up to $1.1 billion due to the COVID-19 pandemic and the plunge in oil prices. The company now expects its revised 2020 capital budget to between $1.2 billion and $1.4 billion, compared with an earlier plan to spend $2.3-billion. Pembina says it’s deferring the Phase VII, VIII and IX expansions of the Peace Pipeline and its Empress co-generation facility. It is also deferring its Prince Rupert terminal expansion and its investment in an integrated propane dehydrogenation plant and polypropylene upgrading facility. Pembina says the deferred projects were expected to come into service largely in 2021 through 2023. Your time is valuable. Have the Top Business Headlines newsletter conveniently delivered to your inbox in the morning or evening. Sign up today .
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News
- Pembina Pipeline Co. (NYSE: PBA) was downgraded by analysts at Wells Fargo & Company from a "strong-buy" rating to a "hold" rating.MarketBeat
- Pembina's 2025 Guidance Calls for WCSB Growth and Capex of C$1.1B [Yahoo! Finance]Yahoo! Finance
- Powering Canada's Future: More Renewable, Affordable and Reliable Power for Albertans [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Pembina Pipeline Corporation Announces 2025 Guidance and Provides Business UpdateBusiness Wire
- Pembina Pipeline Co. (NYSE: PBA) is now covered by analysts at Barclays PLC. They set an "overweight" rating on the stock.MarketBeat
PBA
Earnings
- 11/5/24 - Beat
PBA
Sec Filings
- 12/13/24 - Form 6-K
- 12/9/24 - Form 6-K
- 11/19/24 - Form 6-K
- PBA's page on the SEC website