Pembina Pipeline (NYSE:PBA) Corporation (NYSE:PBA) is a leading North American energy infrastructure company headquartered in Calgary, Alberta. Founded in 1954 to transport oil from the Pembina oil field in Alberta, the company has grown into a diversified midstream operator serving key energy markets in Canada and the United States. Pembina’s network spans more than 11,000 kilometers of oil and liquids pipelines and over 10 natural gas processing and fractionation facilities, positioning it as a critical link in the continent’s energy value chain.
The company’s core business activities include the transportation, storage, and processing of hydrocarbon liquids and natural gas. Pembina operates a suite of oil sands, conventional oil and liquids pipelines that connect producers with refineries and export terminals. Its natural gas operations encompass gathering systems, gas conditioning, processing plants and NGL (natural gas liquids) fractionation services. In addition, Pembina provides marketing and logistics solutions, including a propane export facility on Canada’s west coast.
Over the decades, Pembina has pursued growth through a combination of organic development and strategic acquisitions, expanding its footprint into emerging markets such as Montney in British Columbia and Duvernay in Alberta. The company’s assets also include a 50/50 joint venture in the Keystone XL pipeline and a growing presence in petrochemical infrastructure with its recently commissioned olefinic and aromatic units. These investments support stable, fee-based cash flows by catering to long-term, take-or-pay contracts with major energy producers.
Pembina’s executive leadership is led by President and Chief Executive Officer Michael Dilger, who has steered the company since 2017 and brings more than 30 years of industry experience. Pembina’s board of directors and management team emphasize operational excellence, safety and environmental stewardship. Through a disciplined approach to capital allocation and a commitment to sustainable practices, Pembina aims to deliver reliable energy infrastructure solutions while minimizing its environmental footprint.
