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

RTTNews | 695 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
Indonesia GDP Growth Slows In Q3

Indonesia GDP Growth Slows In Q3

Indonesia's economic growth softened in the third quarter as anti-government unrest weighed on household consumption, official data showed Wednesday. Gross domestic product grew 5.04 percent on a yearly basis in the third quarter, slower than the 5.12 percent expansion seen in the second quarter.
RTTNews | 2h 5min ago
Commodity Currency's Slide Amid Risk-off Mood

Commodity Currency's Slide Amid Risk-off Mood

The commodity currencies such as the Australia, the New Zealand and Canadian dollars weakened against their major currencies in the Asian session on Wednesday amid increasing risk-off sentiment, dragged by the benchmark indexes in Japan and South Korea which are plunging 4 to 5 percent each on concerns over stretched valuations as global tech stocks tumble on fears that an AI bubble is about to burst.
RTTNews | 2h 5min ago