Pembina green-lights two pipeline projects, reports dip in quarterly earnings
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Pembina Pipeline Corp. says it has decided to proceed with two pipeline expansion projects in British Columbia and Alberta as it announced a dip in fourth-quarter earnings.
The Calgary-based energy infrastructure company says earnings for the final three months of 2025 were $489 million, or 78 cents per share, compared to $572 million, or 92 cents per share, a year earlier.
Revenue fell to $1.91 billion from $2.15 billion during the same 2024 quarter.
Pembina says the two pipeline expansions it has sanctioned represent a total investment of $425 million and are set to come into service next year.
One $310-million project would see a new 95-kilometre pipeline that would ship 120,000 barrels per day of natural gas liquids between Birch and Taylor, B.C.
The firm has also decided to go ahead with an initial phase of a new pipeline connecting Taylor to a pump station in Gordondale, Alta., at a cost of $115 million.
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