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THU , 05 AUG 2021 Pembina Pipeline Corporation Reports Results for the Second Quarter 2021 and Updates 2021 Guidance All financial figures are in Canadian dollars unless otherwise noted . This news release refers to certain financial measures that are not defined by Generally Accepted Accounting Principles ( " GAAP " ) , including net revenue ; adjusted earnings before interest , taxes , depreciation and amortization ( " adjusted EBITDA " ) ; cash flow from operating activities per common share ; adjusted cash flow from operating activities ; and adjusted cash flow from operating activities per common share . For more information see " Non - GAAP Measures " herein . PEMBINA Pembina Pipeline Corporation Reports Results for the Second Quarter 2021 and Updates 2021 Guidance CALGARY , AB , Aug. 5 , 2021 / CNW / - Pembina Pipeline Corporation ( " Pembina " or the " Company " ) ( TSX : PPL ) ( NYSE : PBA ) announced today its financial and operating results for the second quarter of 2021 . Highlights Updated 2021 adjusted EBITDA guidance range by raising the low end ; adjusted EBITDA is now expected to be $ 3.3 to $ 3.4 billion Second quarter and year - to - date adjusted EBITDA of $ 778 million and $ 1.6 billion Volumes across Pembina's pipeline systems and facilities continue to rise , reflecting the impact of higher commodity prices and strong Western Canadian Sedimentary Basin fundamentals The second quarter was highlighted by the announcement of three transformational partnerships , including a partnership with the Haisla Nation to develop the proposed Cedar LNG Project and Chinook Pathways , a partnership with Western Indigenous Pipeline Group to pursue ownership of the Trans Mountain Pipeline , as well as a vision for the Alberta Carbon Grid Terminated arrangement agreement with Inter Pipeline on July 25 and subsequently received a $ 350 million termination fee Financial and Operational Overview 3 Months Ended June 30 6 Months Ended June 30 ( $ millions , except where noted ) ( unaudited ) Infrastructure and other services revenue Product sales revenue Total revenue Net revenue ( 1 ) 2021 2020 ( 3 ) 2021 2020 ( 3 ) 739 707 1,484 1,455 1,215 561 2,515 1,484 1,954 1,268 3,999 2,939 894 776 1,893 1,641 Earnings 254 258 574 577 Earnings per common share - basic & diluted ( dollars ) 0.39 0.40 0.91 0.91 Cash flow from operating activities 584 642 1,040 1,052 Cash flow from operating activities per common share – basic ( dollars ) ( 1 ) 1.06 1.17 1.89 1.91 Adjusted cash flow from operating activities ( 1 ) 538 586 1,120 1,162 Adjusted cash flow from operating activities per common share – basic ( dollars ) ( 1 ) 0.98 1.07 2.04 2.11 Common share dividends declared 347 347 693 693 Dividends per common share ( dollars ) 0.63 0.63 1.26 1.26 Capital expenditures 146 211 273 694 Total volume ( mboe / d ) ( 2 ) 3,500 3,427 3,491 3,468 Adjusted EBITDA ( 1 ) 778 789 1,613 1,619 ( 1 ) Refer to " Non - GAAP Measures " .