The Toronto Stock Exchange has approved the renewal of Pembina Pipeline’s normal course issuer bid (NCIB) to purchase up to 5% of its issued and outstanding common shares.

As of May 8, Pembina said it had more than 579.5 million common shares issued and outstanding and is permitted to repurchase up to 28.9 million common shares.

Purchases of common shares can be made through the Toronto and New York stock exchanges and/or alternative Canadian trading systems, commencing May 16 through May 15, 2025.

Pembina's prior NCIB for the purchase of up to 27.5 million common shares expired on March 9.

Under its prior NCIB, Pembina repurchased an aggregate of 1.19 million common shares at a average of $41.76 per common share, excluding brokerage fees.