05:12 PM EST, 12/12/2024 (MT Newswires) -- Pembina Pipeline Corporation ( PBA ) was at last look down 0.25% in US after hours as it announced its 2025 financial guidance and provided a business update.

Among highlights, Pembina cited 2025 adjusted EBITDA guidance of $4.2-$4.5 billion, saying relative to its guidance for 2024 it is driven by the positive impacts of continued volume growth across the Western Canadian Sedimentary Basin, new assets acquired or placed into service, and the full year impact of the consolidation of the Alliance and Aux Sable assets, partially offset primarily by the impacts of the recontracting of the Cochin Pipeline, and moderation of commodity margins in the marketing business.

It said a 2025 capital investment program of $1.1 billion reflects ongoing construction of previously sanctioned projects, development spending on potential future projects in response to growing volumes across the Canadian energy industry, and sustaining capital.

Pembina added it continues to execute its strategy within a fully funded model and consistent with its financial guardrails. Within the 2025 adjusted EBITDA guidance range, Pembina expects to generate positive free cash flow, with all 2025 capital investment program scenarios being fully funded by cash flow from operating activities, net of dividends. Further, the company is forecasting a year-end proportionately consolidated debt-to-adjusted EBITDA ratio of 3.4 to 3.7 times.

In a business update, Pembina anticipates a record setting financial year in 2024 reflecting the positive impact of recent acquisitions, growing volumes in the WCSB, and a strong contribution from the marketing business. As expected, it said, volumes in the conventional pipelines business have strengthened in Q4 relative to the first three quarters of the year.

PPL was down 0.24 or 0.4% at $54.94.