Key Takeaways Pembina and Kineticor advance the Greenlight Electricity Center, a 1,800 MW power facility in Alberta.The project boosts natural gas demand up to 320 mmcf/d, expanding Pembina's value chain and infrastructure.A 907 MW AESO allocation and 2030 startup target mark key milestones toward commercialization.Pembina Pipeline Corporation (PBA) , in partnership with Kineticor, an OPTrust portfolio company, has announced major developments regarding the Greenlight Electricity Center project, an ambitiou ...

Group 1 - Pembina Pipeline shares increased by 6% to close at $42.09, with notable trading volume compared to typical sessions, and a 5.1% gain over the past four weeks [1][2] - The company is nearing a deal with Meta Platforms to develop a major AI data center in Alberta, which will utilize Pembina's Alliance pipeline system for natural gas-fired power, indicating a strategic shift towards supporting next-generation tech infrastructure [2] - The consensus EPS estimate for Pembina Pipeline's upcoming quarterly report is $0.50, reflecting a year-over-year increase of 13.6%, while revenues are projected to be $1.33 billion, a decrease of 1.9% from the previous year [3] Group 2 - The consensus EPS estimate for Pembina has remained unchanged over the last 30 days, suggesting that stock price movements may not continue without trends in earnings estimate revisions [4] - Pembina Pipeline holds a Zacks Rank of 3 (Hold), while Ultrapar Participacoes, another company in the same industry, has a Zacks Rank of 1 (Strong Buy) [5][6] - Ultrapar's consensus EPS estimate has increased by 16.7% over the past month to $0.07, although this represents a 30% decline from the previous year's report [6]

Core Insights - Pembina Pipeline Corporation is finalizing a significant deal to construct a large AI data center for Meta Platforms in Alberta, aiming to position the province as a major data hub for AI companies [1][6][8] - The project will utilize Alberta's abundant natural gas as a clean energy source to power the energy-intensive data center [1][4][12] Pembina's Partnerships and Infrastructure - Pembina is collaborating with Kineticor to supply natural gas-fired electricity for the Meta data center, with Beacon AI providing expertise in data center development [2][4] - The Greenlight Electricity Center, a 1,800-megawatt natural gas power station, is being developed to support AI infrastructure projects, with commercial operations expected by 2029 [5][6] Alberta's Strategic Positioning - The data center will be located in Alberta's Industrial Heartland, a region known for its industrial infrastructure and advanced carbon capture and storage technologies [3][11] - Alberta's government is actively attracting tech firms by leveraging its natural gas infrastructure and CCS technologies, exemplified by the Meta project [8][9] Energy Demand and Solutions - The energy demands of AI data centers are immense, leading many companies to consider natural gas as a practical interim solution due to the limitations of nuclear power [4][12] - Pembina's Alliance pipeline, a 3,800-kilometer network, is being explored for expansion to increase natural gas supply capacity for future AI projects [7][13] Meta's Expansion Plans - Meta's new AI data center in Alberta is part of its broader expansion strategy, which includes additional facilities in Louisiana and Ohio [10][11] - The strategic location in Alberta allows Meta to meet its significant power requirements while benefiting from proximity to carbon mitigation technologies [11][12]

Key TakeawaysMeta (META) and Pembina Pipeline Corporation (PBA) are reportedly nearing a deal to construct a massive artificial intelligence data center in Alberta, signaling a significant investment in the region's burgeoning tech infrastructure.Federal Reserve Vice Chair Philip Jefferson affirmed that the central bank possesses sufficient information to guide its decisions for the upcoming October meeting, even amid delays in economic data due to a government shutdown.Jefferson indicated a strategic pivot ...

Private equity giant KKR is considering selling its 40% stake in Pembina Gas Infrastructure, a Canadian midstream operator valued at about $7 billion, according to sources familiar with the matter. Pembina Gas Infrastructure was created in 2022 as a joint venture between KKR and Pembina Pipeline Corp. The company owns natural gas and natural gas liquids transportation, processing, and storage facilities across western Canada, with processing capacity of around 5 billion cubic feet per day. Its assets span ...

Accessibility StatementSkip Navigation Championship Sundays on The CW bring the PBA to a New Audience with Four Majors and 10 Broadcasts RICHMOND, Va., Oct. 1, 2025 /PRNewswire/ --Â The Professional Bowlers Association (PBA) and The CW Network today announced the 2026 PBA Tour schedule. Starting in February 2026, "PBA Championship Sundays on The CW" will bring 20 hours of professional bowling coverage to the network over 10 consecutive Sunday afternoons. Live coverage will begin at 4:00pm ET every Sunday st ...

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Core Insights - Pembina Pipeline Corporation has received approval for a negotiated settlement between Alliance Pipeline Limited Partnership and a Shipper Committee, which is significant for the Canadian portion of Alliance Pipeline [1][9] - The settlement introduces a new tolling structure that will remain in place for the next 10 years, providing stability and predictability for shippers [4][14] - This development enhances Pembina's financial predictability and strengthens relationships with customers, positioning the company for a more efficient and profitable future [5][15] Industry Significance - Alliance Pipeline is a crucial natural gas transmission system linking Canada and the United States, facilitating the movement of natural gas to U.S. markets [3][10] - The Canada Energy Regulator (CER) plays a vital role in overseeing the energy sector, ensuring safe and efficient operation of energy infrastructure [12][13] - The approval of the settlement reflects the CER's commitment to collaboration and transparency within the energy industry [12][13] Future Outlook - The new tolling structure is expected to promote long-term stability for both shippers and operators, ensuring the continued operation of Alliance Pipeline [14] - Pembina is positioned to make strategic investments in its infrastructure assets, reinforcing its leadership in the energy sector [15][16] - The settlement approval highlights Pembina's operational expertise and commitment to adapting to market demands [16]

Core Insights - Pembina Pipeline Corporation announced the approval of a negotiated settlement by the Canada Energy Regulator (CER) between Alliance Pipeline Limited Partnership and the Shipper Committee regarding the Canadian portion of the Alliance Pipeline [1] Group 1 - The settlement approval is seen as a positive development for Pembina and its stakeholders [1] - The agreement involves shippers and interested parties, indicating collaborative efforts in the industry [1]

Market Overview - Markets rebounded in Q2 2025 after a correction in Q1, overcoming tariff concerns and geopolitical tensions, with solid gains reported [2] - The U.S.-China trade situation improved, leading to lower tariffs and increased exports of rare earth metals from China to the U.S. [2] - The end of a conflict between Israel and Iran in June further supported market sentiment [2] Infrastructure Performance - Listed infrastructure showed resilience during market volatility, outperforming the broader market in April and maintaining stability through May and June [3] - Western Europe emerged as the strongest regional performer, benefiting from interest rate cuts by the European Central Bank and Germany's fiscal stimulus focused on infrastructure spending [4] Key Contributors - E.On, a leading German electric utility, was the top performer in Western Europe, supported by structural reforms and significant grid investment potential [5] - French toll road operator Vinci also performed well, aided by positive operational momentum and significant free cash flow generation [6] Detractors - U.S. energy infrastructure company ONEOK and Canadian company Pembina Pipeline were the largest detractors, primarily due to OPEC+ decisions affecting oil prices [7] - Pembina Pipeline's performance was impacted by market concerns over toll renegotiations, although it remains a leader in the growing Western Canadian Sedimentary Basin [8] Outlook - The current environment is characterized by volatility, but confidence remains in utility and infrastructure assets for generating consistent cash flows [9] - Infrastructure investments are expected to benefit from inflation pass-through mechanisms, with approximately 90% of the portfolio linked to such mechanisms [9] Portfolio Highlights - The strategy saw positive contributions from six out of seven sectors, with electric utilities, airports, water, and toll roads being the top contributors [13] - The top individual stock contributors included Constellation Energy, E.On, Severn Trent, SSE, and Vinci, while ONEOK and Pembina Pipeline were the main detractors [14]