Pembina Pipeline Corporation (PBA) reported first-quarter 2024 earnings per share of 73 Canadian cents, up from the prior-year quarter's level of 61 Canadian cents. This improvement can be attributed primarily to higher contributions from all segments of the company. Revenues of $1.1 billion decreased 32.8% year over year and missed the Zacks Consensus Estimate by $1.8 billion. Operating cash flow decreased approximately 4.8% to C$436 million. Adjusted EBITDA came in at C$1,044 million compared with C$947 m ...

Shareholder Meeting and Voting - The annual meeting of shareholders is scheduled for May 10, 2024, at 2:00 p.m. (Mountain daylight time) [46]. - Voting instructions must be submitted by beneficial shareholders to their nominees before the proxy cut-off time [67]. - The virtual-only meeting format allows all registered shareholders to participate regardless of geographic location [54]. - The company will post voting results on SEDAR+ and EDGAR following the meeting [52]. - Shareholders must ensure they are connected to the internet for the duration of the virtual meeting to vote [60]. - The company does not anticipate any changes to the items of business to be brought before the meeting [72]. - The proxyholder must vote according to the instructions provided by the shareholder, or they may use discretion if no instructions are given [73]. Auditor Information - KPMG was appointed as the external auditors for Pembina Pipeline Corporation until the next annual meeting, with 264,790,001 common shares (81.36%) voted in favor and 60,656,399 shares (18.64%) against the appointment [91]. - Total fees paid to KPMG for 2023 amounted to $4,311,268, an increase from $4,040,730 in 2022, with audit fees specifically rising from $3,620,880 to $3,975,592 [93]. - The audit committee confirmed KPMG's independence in accordance with relevant Canadian and U.S. regulations, ensuring compliance with SEC and IESBA standards [89]. - The audit committee conducts an annual review of the external auditor, assessing independence, quality of the audit team, and communication [100]. - Pembina engaged with shareholders representing over half of the votes against the auditor resolution at the 2023 annual meeting to address concerns regarding auditor independence [91]. - The audit committee has implemented a pre-approval policy for non-audit services to maintain auditor independence [95]. - KPMG's audit-related fees decreased from $180,150 in 2022 to $127,865 in 2023, while tax fees slightly increased from $48,450 to $50,811 [93]. - The lead audit partner for Pembina last rotated for the 2023 audit, adhering to mandatory rotation requirements of five years for lead partners [108]. - Pembina's audit committee is satisfied with KPMG's compliance with regulatory mandated rotation requirements and the onboarding of qualified engagement partners [109]. - The company emphasizes the importance of independence, objectivity, and professional skepticism in its audit processes [110]. Executive Compensation - Pembina's executive compensation approach received 94.03% support from shareholders in the 2023 "say on pay" vote, with 291,703,960 votes in favor and 18,504,111 votes against [115]. - Pembina's approach to executive compensation is based on a "pay for performance" principle, aligning executive pay with corporate strategy and performance [114]. - The total value of securities held by CEO J. Scott Burrows is approximately $23.73 million, including 37,593 common shares and 464,784 restricted and performance share units [143]. Board of Directors - The board of directors consists of 11 members, all of whom are nominated for election at the meeting [80]. - The majority voting policy requires each director to receive a majority of votes cast for their election or resign immediately following the meeting [83]. - Pembina's board of directors consists of eleven nominated directors, all independent except for the CEO, ensuring a diverse and experienced governance structure [122]. - The board's governance practices meet or exceed legal and stock exchange requirements, focusing on good governance principles [199]. - The board oversees Pembina's overall ESG strategy, ensuring ethical culture and sustainability [205][206]. - Pembina maintains a commitment to diversity, including specific targets for women and overall diversity among directors [201]. Strategic Priorities and Risk Management - Pembina's strategic priorities include sustaining and enhancing existing businesses, investing in energy transition, transforming and exporting products, and creating a differentiated experience for stakeholders [229]. - The board conducts annual strategy sessions to review current activities, long-range financial forecasts, and future growth opportunities, ensuring alignment with the company's strategic plan [225]. - In 2022, Pembina conducted a detailed review of its business on a commodity-by-commodity basis, focusing on decarbonization and globalization scenarios to assess business resiliency [226]. - Pembina's risk management policies include an enterprise risk management process aligned with strategy, designed to identify and assess potential risks [233]. - The board oversees risk management and ensures understanding of principal risks, balancing risk and potential return for long-term viability [230]. - Pembina's strategy was approved by the board in December 2022, aimed at delivering value to stakeholders well into the future [228]. - The company is committed to maintaining a strong financial position and delivering industry-leading returns through prudent capital allocation [229]. Cybersecurity and Sustainability - The company has not experienced an information security breach in the last three years and maintains cyber insurance [239]. - Pembina's sustainability focus areas include governance, energy transition and climate change, employee well-being, health and safety, responsible asset management, and community engagement [240]. - Pembina's cybersecurity program aligns with the National Institute of Standards and Technologies Cyber Security Framework, focusing on governance, risk and compliance, and security operations [239].

Scott Burrows Thanks, Cam. In closing, we are enthusiastic about the future given the current momentum in the WCSB and expected continued volume growth through 2024 and beyond. Our broader outlook remains unchanged as we see the potential for mid-single digit growth driven by tangible near-term catalysts, including up to approximately $2.8 billion - or 2.8 billion cubic feet per day of new natural gas export capacity from the new West Coast LNG projects, 590,000 barrels per day of new crude oil export capac ...

Pembina Pipeline Corporation Reports Record Results for the Fourth Quarter 2023, Provides Business Update, and Declares Quarterly Common Share Dividend All financial figures are in Canadian dollars unless otherwise noted. This news release refers to certain financial measures and ratios that are not specified, defined or determined in accordance with Generally Accepted Accounting Principles ("GAAP"), including net revenue; adjusted earnings before interest, taxes, depreciation and amortization ("adjusted EB ...

Pembina Pipeline Corporation (NYSE:PBA) Q3 2023 Earnings Conference Call November 3, 2023 10:00 AM ET Company Participants Cameron Goldade - SVP & CFO Scott Burrows - President, CEO & Director Chris Scherman – SVP, Marketing & Strategy Officer Jaret Sprott - SVP & COO Stuart Taylor - SVP & Corporate Development Officer Conference Call Participants Jeremy Tonet - JPMorgan Chase & Co. Robert Kwan - RBC Capital Markets Robert Hope - Scotiabank Robert Catellier - CIBC Linda Ezergailis - TD Securities Patrick Ke ...

REPORT TO SHAREHOLDERS Third Quarter 2023 MANAGEMENT'S DISCUSSION AND ANALYSIS Table of Contents | 1. About Pembina | 2 | | --- | --- | | 2. Financial & Operating Overview | 3 | | 3. Segment Results | 7 | | 4. Liquidity & Capital Resources | 25 | | 5. Share Capital | 29 | | 6. Capital Expenditures | 31 | | 7. Selected Quarterly Information | 32 | | 8. Selected Equity Accounted Investee Information | 35 | | 9. Related Party Transactions | 36 | | 10. Accounting Policies & Estimates | 37 | | 11. Non-GAAP & Oth ...

Pembina Pipeline Corporation (NYSE:PBA) Q2 2023 Earnings Conference Call August 4, 2023 10:00 AM ET Company Participants Scott Burrows - President & Chief Executive Officer Cameron Goldade - Chief Financial Officer Jaret Sprott - Senior Vice President & Chief Operating Officer Janet Loduca - Senior Vice President, External Affairs & Chief Legal & Sustainability Officer Stuart Taylor - Senior Vice President & Corporate Development Officer Chris Sherman - Senior Product Manager, Amplify Life Insurance Confere ...

REPORT TO SHAREHOLDERS | 1. About Pembina | 2 | | --- | --- | | 2. Financial & Operating Overview | 3 | | 3. Segment Results | 7 | | 4. Liquidity & Capital Resources | 23 | | 5. Share Capital | 27 | | 6. Capital Expenditures | 29 | | 7. Selected Quarterly Information | 30 | | 8. Selected Equity Accounted Investee Information | 33 | | 9. Other | 34 | | 10. Accounting Policies & Estimates | 36 | | 11. Non-GAAP & Other Financial Measures | 37 | | 12. Abbreviations | 41 | | 13. Forward-Looking Statements & Info ...

Pembina Pipeline Corporation (NYSE:PBA) Q1 2023 Earnings Conference Call May 5, 2023 10:00 AM ET Company Participants Cameron Goldade - Chief Financial Officer Scott Burrows - President & Chief Executive Officer Jaret Sprott - Senior Vice President & Chief Operating Officer Janet Loduca - Senior Vice President, External Affairs & Chief Legal & Sustainability Officer Stuart Taylor - Senior Vice President & Corporate Development Officer Chris Sherman - Senior Product Manager, Amplify Life Insurance Conference ...

21 Maintained and grown dividend since 1998 $3.75B • Higher volumes and inflation adjusted tolls on conventional pipelines and fractionation facilities $3.80B - $3.50B • Full year contribution from PGI and higher volumes at PGI's gas processing assets • Higher contributions from Cochin Pipeline and smaller assets including Vancouver Wharves and Jet Fuel Pipeline • Lower realized losses on commodityrelated derivatives • Lower contribution from the marketing business, including Aux Sable $3.43B $3.28B 2020 20 ...