Pembina Pipeline increases outlook on rising commodity prices
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Monthly Digital Subscription
$1 per week for 24 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $4.00 plus GST every four weeks. After 24 weeks, price increases to the regular rate of $19.95 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
Monthly Digital Subscription
$4.99/week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $19.95 plus GST every four weeks. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Your next Brandon Sun subscription payment will increase by $1.00 and you will be charged $17.95 plus GST for four weeks. After four weeks, your payment will increase to $24.95 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
CALGARY – A jump in commodity prices resulting from the Middle East conflict has helped Pembina Pipeline Corp. raise its earnings outlook for the year.
The company says it expects to benefit especially from higher propane prices in Asia thanks to its export facilities on the West Coast.
The Calgary-based natural gas processor and shipper has the 20,000 barrel-per-day Prince Rupert Terminal as well as access to third-party facilities including a 20,000 barrel-per-day agreement that came into effect on April 1.
Pembina says it now expects its earnings before interest, taxes, depreciation and amortization to range between $4.35 billion and $4.55 billion.
At the midpoint of that range, it marks a $175-million increase over its earlier guidance.
The company says the boost to the outlook came from a stronger contribution from its crude oil marketing business and wider refining margins.
Company CEO Scott Burrows said on a conference call Friday that Pembina is set to gain further from changes in global energy trends.
“Pembina is poised to benefit from growing global energy demand, increasing strategic relevance of Canadian energy and emerging demand drivers such as LNG, petrochemicals, and data centre power demand.”
The Canadian government is pushing to increase energy exports and speed up project approvals. That should also benefit the company, but Burrows said he hasn’t seen the results yet of faster permitting.
“To date I can’t say that we’ve seen any material change. A recent example of that was our Taylor to Gordondale (pipeline) that took the full timeline to get permitted,” said Borrows.
“So, we haven’t seen it necessarily in action yet, but we are optimistic changes are coming.”
He said any added liquid natural gas build-out would be positive, and there would also likely be some indirect benefits from expansions in crude oil pipelines.
This report by The Canadian Press was first published May 8, 2026.
— by Ian Bickis in Toronto
Companies in this story: (TSX:PPL)