Pembina Pipeline +2.5% after Q2 results

|About: Pembina Pipeline Corp. (PBA)|By:, SA News Editor

Pembina Pipeline (PBA +2.5%) opens higher after raising its monthly dividend by 3.7% and reported higher Q2 earnings and revenue.

Pipelines' throughput averaged 483.7M boe/day (363M bbl/day of crude oil and condensate and 120.7M bbl/day of natural gas liquids), +11% Y/Y.

Plans to build a ~$110M, 100M cf/day shallow cut gas plant and associated natural gas liquids and gas gathering pipelines near its existing Musreau facility in Alberta.