Pembina Pipeline Corporation (NYSE:PBA) is an energy transportation and infrastructure company.
The firm is engaged in the transportation of natural gas liquids, heavy oil, and hydrocarbon liquids through its network of pipeline.
The integrated energy infrastructure owner also operates as midstream services provider in the broader oil and gas industry.
The Calgary-based energy company was formed in 1954. It is dually listed on TSX and NYSE under ‘PPL’ and ‘PBA’ trading symbols
The company acquires pipelines through which it transports hydrogen liquids as well as natural gas and related products. It mainly transports the products that are produced in western Canada.
The integrates firm also acquires various facilities for the storage and processing of the gas. In addition, it also engages in the infrastructure and production of oil and natural gas liquids.
In addition to processing and transportation, the firm provides logistics and midstream services.
The company’s three core divisions include:
• Pipelines Segment
• Facilities Segment
• Marketing and New Ventures Segment
The segment consists of the pipeline systems of the company that transports various product from the oil sands. In addition, it also provides temporary storage facilities for the gasoline.
Meanwhile, the firm also operates and provides storage facilities for crude oil and owns related infrastructure in the industry under the pipelines segment.
The energy infrastructure firm provides processing and separation or fractionation services under this reportable segment.
In addition, it also deals in related energy infrastructure through which Pembina offers natural gas liquids and natural gas to a diverse group of customers.
Marketing and New Ventures
The segment focuses and manages the activities related to the marketing of the Pembina’s diversified energy products.
In addition, it also engages in buying and selling of the commodities as well as in the improvement of the storage facilities of the company.
It is also included in the Canadian segment of S&P/TSX 60 components.