East Daley Analytics – Dissecting the Energy Value Chain
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49

Assets

9

Asset Types

7 Commodities

2

Basins

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Lower Commodity Prices Drag on Pembina Outlook

Earlier this month, Pembina Pipeline (PBA) provided 2023 Adjusted EBITDA guidance between $3.5 - $3.8 billion, representing a $25 million decrease from the midpoint of 2022 guidance ($3.625 - 3.725 billion). East Daley had forecasted $3.78 billion in Adj. EBITDA prior to the update for the Canadian midstream company.

Although PBA expects volumes across its assets to grow and inflationary pressures to provide uplift to its tariffs, lower NGL and crude prices as well as narrower spreads will negatively impact profitability for its Marketing & New Ventures businesses, the company said.

 

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The Daley Note

Midstream Insights Delivered Daily

Moss Lake Partners is throwing its hat in the ring to build the next big gas pipeline out of the Permian Basin after the Matterhorn project.

A board battle underway between SilverBow Resources (SBOW) and Kimmeridge Texas Gas (KTG) could impact the production outlook for South...

The Permian Basin will drive new NGL supply growth in 2024, as East Daley Analytics highlighted in our recent 1Q24 NGL webinar. Yet it may...

Williams (WMB) has postponed the in-service date for the Louisiana Energy Gateway (LEG) pipeline amid a legal dispute with Energy Transfer...

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