Why These Energy Stocks are Gaining This Week

4. Pembina Pipeline Corporation (NYSE:PBA)

Share Price Gains Between Feb. 24 and Mar. 3: 6.68%

Pembina Pipeline Corporation (NYSE:PBA) is a leading energy transportation and midstream service provider that has been serving North America’s energy industry for 70 years.

Pembina Pipeline Corporation (NYSE:PBA) recently reported 2024 full-year earnings of $1.874 billion, record full-year adjusted EBITDA of $4.408 billion, and record full-year adjusted cash flow from operating activities of $3.265 billion. The company also announced several important developments for its Q4 2024, including closing separate transactions with Whitecap and Veren that included asset acquisitions and funding of up to a total of $700 million ($420 million net to Pembina) for new infrastructure development. Moreover, PBA has also entered into agreements for a 50% interest in the Greenlight Electricity Centre Limited Partnership, which is developing a power generation facility to serve the ballooning data centers industry.