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

RTTNews | Před 622 dny
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
New Zealand Retail Sales Data Due On Monday

New Zealand Retail Sales Data Due On Monday

New Zealand will on Monday release Q2 numbers for retail sales, highlighting a light day for Asia-Pacific economic activity. Sales are expected to add 0.1 percent on quarter, easing from 0.8 percent in the three months prior.
RTTNews | Před 43 minutami
U.S. Dollar Drops After Powell's Speech

U.S. Dollar Drops After Powell's Speech

The U.S. dollar weakened against its major counterparts in the New York session on Friday, as Federal Reserve Chair Jerome Powell hinted at a potential rate cut next month.
RTTNews | Před 2 dny
TSX Hits New Record High As Stocks Rally On Fed Rate Cut Hopes

TSX Hits New Record High As Stocks Rally On Fed Rate Cut Hopes

The Canadian market is up firmly in positive territory a little past noon on Friday, with stocks from across several sectors moving higher on strong buying support amid rising hopes of an interest rate cut by the Federal Reserve in September.
RTTNews | Před 2 dny
Powell Says Outlook, Shifting Balance Of Risks 'May Warrant' Lower Rates

Powell Says Outlook, Shifting Balance Of Risks 'May Warrant' Lower Rates

Federal Reserve Chair Jerome Powell delivered a highly-anticipated speech before the Jackson Hole Economic Symposium on Friday, although he touched only briefly on the outlook for monetary policy. "With policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance," Powell said.
RTTNews | Před 2 dny