Company Overview

Pembina Pipeline Corporation is a Canadian energy infrastructure company that owns and operates an integrated network of pipelines, processing facilities, storage, and export terminals. The company operates primarily within the midstream energy sector, supporting the transportation, processing, and marketing of hydrocarbons and natural gas liquids (NGLs). Its core activities are concentrated in the conventional oil and gas, oil sands, and liquefied natural gas (LNG) value chains.

Pembina’s primary revenue drivers are long-term, fee-based contracts for transportation and processing services, which provide relatively stable cash flows across commodity cycles. The company serves upstream producers, refiners, and exporters, with a strategic focus on Western Canadian energy production. Founded in 1954 as Pembina Pipelines Limited, the company evolved from a single pipeline system into a diversified midstream operator through organic expansion and acquisitions, culminating in its current structure as a publicly traded corporation on the Toronto Stock Exchange under the symbol PPL.

Business Operations

Pembina operates through several core business segments, including Pipelines, Facilities, Marketing & New Ventures, and Corporate and Other. The Pipelines segment consists of conventional oil, oil sands, and condensate pipeline systems that transport crude oil and liquids under long-term contracts. The Facilities segment includes gas gathering and processing, fractionation, storage, and terminalling assets, generating revenue from processing fees and capacity reservations.

Operations span both domestic and international markets, with the majority of assets located in Canada and select investments in the United States. Pembina controls a large portfolio of midstream infrastructure assets and maintains strategic partnerships and joint ventures, including ownership interests in Veresen Midstream Limited Partnership and Cedar LNG Partners LP, which support its gas processing and LNG ambitions.

Strategic Position & Investments

Pembina’s strategic direction emphasizes disciplined capital allocation, expansion of fee-based infrastructure, and participation in energy transition-adjacent opportunities while maintaining its core hydrocarbon business. Growth initiatives have focused on expanding natural gas processing capacity, increasing NGL infrastructure, and developing export-linked assets to access global markets.

Major investments and acquisitions have included the acquisition of Veresen Inc., which significantly expanded Pembina’s gas processing and power generation footprint. The company has also invested in LNG-related infrastructure, most notably through its participation in Cedar LNG, a floating LNG export project on the Canadian West Coast. Pembina continues to evaluate opportunities in carbon transportation, hydrogen blending, and lower-emissions infrastructure where commercial frameworks are established.

Geographic Footprint

Pembina’s headquarters are located in Calgary, Alberta, and its asset base is concentrated across Western Canada, including Alberta and British Columbia, where it supports both conventional and oil sands production. The company’s pipeline and facilities network provides connectivity between upstream production regions and downstream markets.

Internationally, Pembina maintains a limited but strategic presence in the United States through midstream investments and has growing exposure to Asia-Pacific markets via LNG export initiatives. Its infrastructure positions it as a key conduit between Canadian energy supply and global demand centers, particularly on the West Coast.

Leadership & Governance

Pembina is led by an experienced executive team with deep expertise in energy infrastructure, finance, and operations. The company emphasizes a governance framework centered on safety, long-term shareholder value, and disciplined risk management, with strategic oversight provided by an independent board of directors.

Key executives include:

• Scott Burrows – President and Chief Executive Officer
• J. Scott Thon – Chair of the Board
• Cameron MacIntyre – Chief Financial Officer
• Kert Hehmeyer – Senior Vice President and Chief Operating Officer
• Colleen Bready – Senior Vice President, External Affairs and Corporate Communications

Pembina’s leadership philosophy emphasizes stable, fee-based growth, operational excellence, and constructive engagement with Indigenous communities, regulators, and long-term customers.