Pembina Pipeline Corporation

Pembina Pipeline Corporation

PBA
Pembina Pipeline CorporationUS flagNew York Stock Exchange
48.78
USD
+1.22
- -
28.35BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
16.31
18.62
13.36
10.99
12.68
14.56
11.36
10.82
15.69
21
11.51
12.89
13.39
12.83
Basic EPS, GAAP
1.12
1.07
1.02
1.02
1.87
2.28
2.45
-0.87
2
5.14
3
3
2.67
2.85
Free Cash Flow per Basic Share
2.23
2.45
2.31
2.78
3.55
4.47
4.51
4.09
4.82
5.3
4.79
5.61
5.68
4.72
Dividend per Share
0.72
0.83
0.85
0.9
1.83
2.47
2.36
2.78
2.77
2.99
2.87
2.97
3.05
3
Book Value per Share
15.58
16.8
18.22
17.52
26.68
23.19
24.52
21.83
21.38
23.83
24.35
25.66
25.19
24.79
Tangible Book Value per Share
7.22
8.02
10.09
10.19
15.73
15.2
13.31
10.42
10.2
13.47
13.73
15.39
14.97
14.92
Basic Weighted Avg Shares
307
326
347
388
426
505
561
550
550
553
550
573
581
592
Sales/Revenue/Turnover
5,006
6,069
4,635
4,265
5,400
7,351
6,372
5,953
8,627
11,611
6,331
7,384
7,778
7,602
Operating Margin (%)
13.18
11.57
14.78
18.94
22.41
27.49
33.44
29.9
30.01
22.35
38.29
38.95
34.66
35.42
Depreciation Expense
171
226
263
293
382
417
507
700
723
683
663
862
987
984
Net Income, GAAP
351
383
406
466
883
1,278
1,507
-316
1,242
2,971
1,776
1,864
1,694
1,690
Effective Tax Rate (%)
28.95
29.2
32.41
28.85
13.85
26.64
2.27
- -
25.41
7.7
18.87
- -
23.24
23.15
Profit Margin (%)
7.01
6.31
8.76
10.93
16.35
17.39
23.65
-5.31
14.4
25.59
28.05
25.24
21.78
22.23
Working Capital
-170
-22
37
-102
-128
-525
-460
-792
-1,145
-696
-588
-1,335
-806
-343
LT Debt
2,013
2,857
3,318
4,145
7,300
7,462
10,785
10,951
10,874
10,596
10,416
11,707
12,627
13,235
Total Equity
5,171
6,336
7,424
8,296
13,841
14,509
16,868
15,015
14,363
15,789
15,813
17,510
16,771
16,899
Return on Invested Capital (%)
6.55
5.94
4.63
4.96
6.16
6.74
8.25
- -
7.28
8.97
7.28
- -
6.79
8.37
Return on Capital (%)
5.96
5.44
4.83
4.7
6.15
6.83
7.27
- -
5.93
12.82
8.07
- -
7.23
8.95
Return on Common Equity (%)
7.58
6.78
6.02
6.01
8.78
9.99
10.81
-3.7
9.24
22.79
12.4
12.25
10.57
11.47

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
1,178
683
681
LT Borrowings
11,540
12,088
12,709
LT Finance Leases
572
539
526
Preferred Equity and Hybrid Capital
1,956
1,729
1,727
Shares Outstanding
581
581
581
Market Capitalization
32,740
30,967
36,888

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
1,336
1,259
1,711
Cash, Cash Equivalents & STI
149
106
173
Accounts Receivable, Net
868
686
1,006
Inventories
304
284
324
Total Current Liabilities
2,499
2,065
2,054
Payables & Accruals
1,253
1,221
1,177
ST Debt
1,178
683
681
Deferred Revenue
47
39
40

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.09%
2.45%
-4.22%
Free Cash Flow
16.81%
8.57%
2.71%
Net Income, GAAP
-35.23%
-79.64%
-9.12%
Sales/Revenue/Turnover
9.09%
11.2%
5.34%
Total Cash Common Dividend
26.48%
3.65%
4.49%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,540
1,855
1,844
2,145
7,384
2025
2,282
1,792
1,791
1,913
7,778
2026
2,106
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.8
0.81
0.6
- -
3
2025
0.86
0.72
0.49
0.78
2.67
2026
0.86
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.72
0.75
0.75
- -
2.97
2025
0.75
0.77
0.77
0.71
3.05
2026
0.76
- -
- -
- -
- -

Company Description

APIChat
CEO
J. Scott Burrows
Full Time Employees
2,997
Sector
Energy
Industry
Oil & Gas Midstream
Address
585 - 8th Avenue South West Calgary AB Canada T2P 1G1
IPO Date
Oct 6, 2010
Business
Pembina Pipeline Corporation operates as a leading North American energy transportation and midstream service provider, owning and managing an integrated network of pipelines, facilities and marketing operations that transport hydrocarbon liquids, natural gas and related products primarily from Western Canada; its core offerings encompass conventional pipelines, oil sands and heavy oil pipelines, transmission pipelines exceeding 18,000 kilometres across Canada and the United States, gas gathering and processing facilities capable of processing volumes sufficient to heat 11.7 million homes annually, natural gas liquids fractionation at complexes like Redwater and Saturn, storage terminals including Edmonton and Vancouver Wharves, loading and off-loading services, and marketing and logistics solutions connecting production to global demand centers such as the Prince Rupert LPG Export Terminal under construction. The company segments its business into Pipelines, Facilities, and Marketing & New Ventures, serving upstream producers, refiners, industrial users and consumers through infrastructure spanning British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, North Dakota, Illinois and beyond, with a focus on the Western Canadian Sedimentary Basin and select U.S. basins. Founded in 1954 and headquartered in Calgary, Alberta, Pembina maintains subsidiaries like Pembina Gas Infrastructure (PGI) and equity interests in ventures such as Veresen Midstream and Aux Sable. Recent developments include revised 2025 capital guidance to $1.3 billion supporting conventional pipeline expansions, PRT Optimization approval and PGI tuck-in acquisitions including the remaining Duvernay Assets interest and North Gold Creek Battery funding; PGI's closure of working interests acquisition from Whitecap Resources in early 2025 with associated long-term take-or-pay contracts at Musreau and K3 plants plus integrated transportation and fractionation agreements dedicating future Kaybob and Lator volumes; a long-term LPG export agreement with AltaGas Ltd. and a settlement with Alliance Pipeline shippers approved by the Canada Energy Regulator; a November 2025 agreement with PETRONAS for Cedar LNG capacity; $225 million subordinated note offering closed in October 2025 alongside Series 9 preferred shares redemption; and a raised quarterly common share dividend following strong first quarter 2025 results.

Company News

APIChat
  • Pembina and Hanwha Sign MoU for Lower-Carbon Power Generation

  • Pembina Pipeline Sanctions Heartland Extraction Plant Strengthening its Leading NGL Franchise

  • Pembina Pipeline Q1 Earnings Beat Estimates, Dividend Raised

  • Pembina Pipeline Q1 Earnings Call Highlights

  • Pembina Pipeline Announces Renewal of Share Repurchase Program

  • Three dividend aristocrats abroad, one troubling sign for income investors

  • Pembina Pipeline Reports Voting Results from 2026 Annual Meeting of Shareholders

  • Pembina Pipeline (PBA) Q1 Earnings and Revenues Beat Estimates

  • Pembina Pipeline Reports Results for the First Quarter of 2026, Raises Quarterly Common Share Dividend, and Updates Full Year Guidance

  • Pembina Pipeline (PBA) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

  • Pembina Pipeline: Limited Upside, But Still A Buy For Yield Investors

  • Pembina Pipeline Co. (TSE:PPL) Given Consensus Recommendation of “Moderate Buy” by Analysts

  • Pembina Pipeline Corp. $PBA Shares Sold by Eagle Global Advisors LLC

  • Here's Why Hold Strategy Is Apt for Pembina Pipeline Stock for Now

  • Pembina Pipeline Corp. $PBA Shares Bought by Cardinal Capital Management Inc.

  • Pembina Pipeline Targets 5-7% Steady Annual Growth Through 2030

  • Pembina Pipeline Corporation (PPL:CA) Discusses Strategic Outlook and Value Creation Initiatives in Energy Infrastructure Transcript

  • Pembina Business Update Highlights Strategic Focus and Growth Outlook

  • Pembina Pipeline Co. (TSE:PPL) Receives Consensus Recommendation of “Hold” from Analysts

  • CORRECTING and REPLACING Pembina Pipeline Declares Quarterly Preferred Share Dividends and Announces Business Update and First Quarter 2026 Results Conference Calls