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Inter Pipeline Ltd

Company Summary

Description

Created in 1997, Inter Pipeline is a major petroleum transportation, storage and natural gas liquids extraction business based in Calgary, Alberta, Canada. Inter Pipeline is a publicly traded corporation that owns and operates a diversified combination of energy infrastructure assets in western Canada and Europe. This asset portfolio generates long-term and predictable cash flows, thereby providing shareholders with a growing and stable source of monthly cash dividends.

Website

http://www.interpipeline.com/

Financial Data:


Tickers:

  • IPL - Toronto Stock Exchange

Recent news

  • 7/6/2022 - Inter Pipeline Announces... (subscriber access)
  • 3/15/2022 - Inter Pipeline &... (subscriber access)
  • 10/29/2021 - Brookfield Closes on... (subscriber access)
  • 8/3/2021 - Inter Pipeline Issues... (subscriber access)
  • 7/28/2021 - Inter Pipeline Formally... (subscriber access)

Investor Presentations

  • Fourth Quarter 2017 Earnings Presentation
  • Heartland Petrochemical Complex Investment Overview (subscriber access)
  • 3Q17 Investor Presentation (subscriber access)
  • August 2017 Corporate Presentation (subscriber access)
  • 1Q17 Investor Presentation (subscriber access)
  • August 2016 Investor Presentation (subscriber access)

Company Transactions

Date: 10/31/2021
Type: Acquisition

BUYERS:
  • Brookfield Infrastructure Partners
    • SELLERS:
  • Inter Pipeline Ltd
    • DETAILS:
    NOTES:
    Under the Revised Brookfield Offer, each Inter Pipeline shareholder will have the ability to elect to receive, per Inter Pipeline share, $20.00 in cash or 0.25 of a Brookfield Infrastructure Corporation class A exchangeable subordinate voting share
    REGIONS:
  • Canada

    • Date: 3/31/2021
    Type: Acquisition

    BUYERS:
  • Inter Pipeline Ltd
    • SELLERS:
  • Plains Midstream Canada ULC
    • ASSETS:
  • Empress II NGL Extraction & Fractionation Plant
  • Empress V NGL Extraction & Fractionation Plant
  • Milk River Pipeline System
    • DETAILS:

    COST: 35 $MM

    NOTES:
    Inter Pipeline has entered into a deal with Plains Midstream Canada, a subsidiary of Plains All American, for the acquisition of a 100% stake in the Milk River Pipeline System. In exchange, Inter will hand over a 100% ownership stake in Empress II and a 50% stake in the Empress V straddle plants while also being granted a $35 million cash payment from PAA. Closing is targeted for early 2021.
    REGIONS:
  • Canada

    • Date: 12/31/2020
    Type: Acquisition

    BUYERS:
  • Inter Pipeline Ltd
    • SELLERS:
  • CLH Group
    • DETAILS:

    COST: 715 $MM

    VOLUMES: 18 MM Bbls

    NOTES:
    The facilities being sold can store 18 MMbbl in oil and are spread across the UK, Ireland, Netherlands and Germany.
    REGIONS:
  • Europe

    • Date: 12/31/2018
    Type: Acquisition

    BUYERS:
  • Inter Pipeline Ltd
    • SELLERS:
  • NuStar Energy, L.P.
    • DETAILS:

    COST: 270 $MM

    NOTES:
    NuStar Energy sold its European terminals and related assets to Inter Pipeline Ltd's European storage subsidiary, Inter Terminals Ltd., for $270 million. Six liquids storage terminals in the U.K. and one facility in Amsterdam are included in the transaction expected to close in 4Q18.
    REGIONS:
  • Europe

    • Date: 12/31/2016
    Type: Acquisition

    BUYERS:
  • Inter Pipeline Ltd
    • SELLERS:
  • Williams Partners L.P.
  • Williams Companies, Inc.
    • DETAILS:

    COST: 1.35 $B

    NOTES:
    Williams and Williams Partners have agreed to sale their Canadian business to Inter Pipeline in a deal valued at $1.35 billion.
    REGIONS:
  • Canada