Pembina Pipeline Sets C$880 Mln Capital Investment Program For 2024

RTTNews | 1011 days ago
Pembina Pipeline Sets C$880 Mln Capital Investment Program For 2024

(RTTNews) - While providing financial guidance for the full-year 2024 on Monday, Pembina Pipeline Corp. (PBA, PPL.TO) expects adjusted EBITDA of C$3.725 billion to C$4.025 billion.

The 2024 capital investment program is projected to be C$880 million. At the midpoint of the Company's guidance range, the 2024 capital investment program is expected to be fully funded with cash flow from operating activities, net of dividends.

Pembina is in development of additional growth projects, which could add up to C$280 million to the 2024 capital investment program.

The Company's 2024 capital program includes C$90 million of non-recoverable sustaining capital to support safe and reliable operations and C$50 million related to digitization, technology, and systems investments, which aim to enhance operational efficiency.

The 2024 capital investment program reflects approximately C$100 million of deferrals of capital expenditures from 2023 into 2024 due to project reprioritization and execution timing.

read more
Japan Rate Decision On Tap For Friday

Japan Rate Decision On Tap For Friday

The Bank of Japan will wrap up its monetary policy meeting on Friday and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The BoJ is expected to hike its benchmark lending rate by 25 basis points, to 1.25 percent from 1.00 percent.
RTTNews | 34 minutes ago
South Korea Producer Prices Rise 0.2% In August

South Korea Producer Prices Rise 0.2% In August

Producer prices in South Korea were up a seasonally adjusted 0.2 percent on month in August, the Bank of Korea said on Friday - following the 0.4 percent contraction in July.
RTTNews | 1h 26min ago
Canadian Market Up Firmly, Set To End On Strong Note

Canadian Market Up Firmly, Set To End On Strong Note

The Canadian market remained firmly up in positive territory Thursday afternoon, thanks largely to hectic buying in the materials sector. A drop in U.S. Treasury yields and weak oil prices following the Federal Reserve's interest rate hike and hopes that the central bank will strive to rein in inflation lifted investor sentiment.
RTTNews | 3h 42min ago
Swiss Market Ends On Firm Note Again

Swiss Market Ends On Firm Note Again

The Switzerland market's benchmark index SMI closed on a firm note on Thursday after staying positive throughout the session, as oil prices and bond yields dropped following a rate hike by the Federal Reserve and hopes that the central bank will strive to rein in inflation.
RTTNews | 4h 17min ago