Pembina Continues Its Expansion
Pembina Pipeline generated first-quarter adjusted EBITDA of CAD 363 million, representing a 25% year-over-year increase. The company also generated first-quarter adjusted cash flow from operations of CAD 308 million, representing a 47% increase from the year-ago period. Increased EBITDA and cash flow were driven by an 11% increase in throughput volumes. Pembina experienced record throughput on its Peace and Northern pipelines because of new connections commissioned in the fourth quarter of 2016,...Pembina Pipeline has four operating segments: conventional pipelines business, which is a tariff-based operation consisting of pipelines and related facilities that deliver crude oil and natural gas liquids; oil sands and heavy oil business, which consists of the Syncrude Pipeline, the Cheecham Lateral and the Horizon Pipeline; midstream and marketing business, which consists of Co.'s direct and indirect interest in a storage operation, its direct interest in terminals, storage and hub services under a mixture of short, medium and long-term contractual arrangements; and gas services business which consists of natural gas gathering and processing facilities.
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