tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Pembina Pipeline Completes $225 Million Note Offering and Plans Redemption of Preferred Shares

Story Highlights
Pembina Pipeline Completes $225 Million Note Offering and Plans Redemption of Preferred Shares

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Pembina Pipeline ( (TSE:PPL) ) just unveiled an announcement.

Pembina Pipeline Corporation has successfully closed a $225 million offering of 5.95% Fixed-to-Fixed Rate Subordinated Notes, Series 2, due in 2055. The proceeds from this offering will be used to redeem all outstanding Series 9 Class A Preferred Shares on December 1, 2025, at a redemption price of $25.00 per share. This strategic financial move is expected to optimize Pembina’s capital structure and support its general corporate purposes. The redemption process has been communicated to shareholders, ensuring a smooth transition and maintaining investor confidence.

The most recent analyst rating on (TSE:PPL) stock is a Sell with a C$50.00 price target. To see the full list of analyst forecasts on Pembina Pipeline stock, see the TSE:PPL Stock Forecast page.

Spark’s Take on TSE:PPL Stock

According to Spark, TipRanks’ AI Analyst, TSE:PPL is a Neutral.

Pembina Pipeline’s overall score reflects solid profitability and a stable balance sheet, tempered by challenges in revenue growth and free cash flow generation. The technical analysis presents mixed signals, while the valuation is supported by a reasonable P/E ratio and attractive dividend yield. The earnings call highlighted strategic expansions and project execution, but also noted financial challenges, resulting in a balanced sentiment.

To see Spark’s full report on TSE:PPL stock, click here.

More about Pembina Pipeline

Pembina Pipeline Corporation is a leading energy transportation and midstream service provider in North America, with over 70 years of experience. The company owns a vast network of assets, including hydrocarbon liquids and natural gas pipelines, gas gathering and processing facilities, oil and natural gas liquids infrastructure, logistics services, and an export terminals business. Pembina is structured into three divisions: Pipelines Division, Facilities Division, and Marketing & New Ventures Division. Its common shares are traded on the Toronto and New York stock exchanges under the symbols PPL and PBA, respectively.

Average Trading Volume: 3,232,028

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$33.06B

See more insights into PPL stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1