# Pembina Pipeline Corp Sets New Records with 2024 Earnings - Pembina Pipeline Corp Earnings Report
## Pembina Pipeline Corp Earnings
Pembina Pipeline Corporation delivered impressive financial results for the fourth quarter and full year of 2024, setting new records across several key metrics. The company achieved full-year earnings of $1,874 million, supported by record levels of adjusted EBITDA and adjusted cash flow from operating activities, underpinned by strategic acquisitions and robust operational execution.
## Pembina Pipeline Corp Financial Results
Pembina's financial performance is detailed as follows:
| Financial Metric | Q4 2024 Million CAD | Q4 2023 Million CAD | Change % | FY 2024 Million CAD | FY 2023 Million CAD | Change % |
|-------------------------------------|---------------------|---------------------|----------|---------------------|---------------------|----------|
| Earnings | 572 | 698 | -18% | 1,874 | 1,776 | 6% |
| Adjusted EBITDA | 1,254 | 1,033 | 21% | 4,408 | 3,824 | 15% |
| Adjusted Cash Flow from Operations | 922 | 750 | 23% | 3,265 | 2,676 | 22% |
| Cash Flow from Operations | 902 | 875 | 3% | 3,214 | 2,635 | 22% |
All figures are in Canadian dollars unless specified otherwise.
## Revenue Breakdown
The performance across Pembina's major segments is summarized as follows:
| Segment | Q4 2024 Adjusted EBITDA (Million CAD) | Change % | FY 2024 Adjusted EBITDA (Million CAD) | Change % |
|------------------------|---------------------------------------|----------|---------------------------------------|----------|
| Pipelines | 686 | 11% | 2,533 | 13% |
| Facilities | 373 | 15% | 1,347 | 11% |
| Marketing & New Ventures | 234 | 35% | 724 | 21% |
### Segment Performance Analysis
The Pipelines segment experienced increased adjusted EBITDA due to higher contributions from the recently acquired Alliance and Aux Sable pipelines. The Facilities segment saw a significant increase, reflecting additional earnings from Aux Sable assets and new acquisitions. Marketing & New Ventures benefited from improved NGL margins and increased ownership interests, despite lower realized gains on commodity derivatives.
## Key Developments
Throughout 2024, Pembina has advanced its strategic objectives, notably through significant acquisitions and infrastructure developments. Key activities included the successful completion of the NEBC MPS Expansion, the continuing success of the Nipisi Pipeline in Canada’s Clearwater area, and new capital-efficient projects including expansions within Pembina Gas Infrastructure. Moreover, Pembina has secured a 50% interest in the Greenlight Electricity Centre, aiming to support data center energy needs.
## Comments from Company Officers
Pembina's leadership team is optimistic about the company's trajectory. The strategic decisions made toward consolidation and expansion have notably strengthened Pembina's operational foundation. "We're well-placed to capitalize on growth opportunities," a company officer stated, emphasizing the significance of strategic investments and project executions that came in under budget.
## Dividends and Share Repurchases
Pembina's board declared a common share dividend of $0.69 CAD per share for the first quarter of 2025. These dividends are designated as eligible for Canadian tax purposes, aiming to return value to shareholders and reflect strong financial health.
## Pembina Pipeline Corp Stock Forecast
Based on Pembina's solid financial performance and strategic initiatives, we forecast the company's stock to potentially reach new heights in 2025. The company’s market cap is currently $21.55 billion, and it continues to push innovative boundaries with initiatives like the Cedar LNG project.
**High Projection:** Forecast suggests Pembina’s stock could rise to approximately $0.45 USD per share if current growth trends and project deliveries continue as planned.
**Low Projection:** If market conditions fluctuate and initiatives face delays, a conservative estimate would set the price around $0.40 USD per share.
## Conclusion
Pembina Pipeline Corporation is clearly marking its territory in North America's energy sector by executing well-strategized acquisitions and infrastructure projects. The 2024 record earnings underscore Pembina’s agility amid evolving market conditions, and its commitment to expanding energy solutions ensures it remains a key player within the industry's future landscape. The company's strong dividend yield and continued strategic investments reassure that Pembina is focused on both immediate returns and long-term growth, making it a solid investment opportunity.
The report is well-structured and contains useful information for investors. No changes were necessary.
