PBA

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Pembina Pipeline Corp. Ordinary Shares (Canada)

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Key Metrics

Previous Close: $48.52
52-Week Range: $36.20 – $51.58
Market Cap: $28.60B
P/E (TTM): 23.99
EPS (TTM): 2.05
Dividend Yield: 4.32%

Advanced Metrics

Price/Book: 2.59
PEG Ratio: 1.76
Return on Equity: 10.47%
Return on Assets: 4.51%
Gross Margin: 38.88%
Operating Margin: 33.97%
Profit Margin: 22.42%
Current Ratio: 0.62
Debt/Equity: 0.81
Total Debt: $13.81B
Free Cash Flow: $1.45B
Revenue Growth: 20.10%
Earnings Growth: 26.20%
Enterprise Value: $43.97B

PBA Income statement, annual periods, in CAD
CAD	FY2022	FY2023	FY2024	FY2025
Revenue	$11.61B	$6.33B	$7.38B	$7.78B
Cost of Revenue	$8.49B	$3.49B	$4.07B	$4.58B
Gross Profit	$3.12B	$2.84B	$3.32B	$3.19B
Selling, General & Admin	$399.00M	$422.00M	$444.00M	$477.00M
Operating Expenses	$528.00M	$416.00M	$440.00M	$497.00M
Operating Income	$2.60B	$2.42B	$2.88B	$2.70B
EBITDA	$4.36B	$3.32B	$3.18B	$3.81B
Pretax Income	$3.22B	$2.19B	$1.72B	$2.21B
Income Tax	$248.00M	$413.00M	-$154.00M	$513.00M
Net Income	$2.97B	$1.78B	$1.86B	$1.69B
Diluted EPS	5.12	2.99	3.00	2.66
Diluted Shares	554.00M	551.00M	574.00M	582.00M

PBA Balance Sheet statement, annual periods, in CAD
CAD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$94.00M	$137.00M	$141.00M	$106.00M
Receivables	$862.00M	$2.05B	$1.08B	$821.00M
Inventory	$269.00M	$333.00M	$301.00M	$284.00M
Current Assets	$1.36B	$2.63B	$1.57B	$1.26B
Total Assets	$31.49B	$32.62B	$35.97B	$35.55B
Current Liabilities	$2.06B	$3.22B	$2.91B	$2.06B
Long-Term Debt	$10.00B	$9.85B	$11.13B	$12.09B
Total Debt	$11.28B	$11.14B	$13.32B	$13.31B
Total Liabilities	$15.70B	$16.80B	$18.46B	$18.78B
Retained Earnings	-$2.61B	-$2.37B	-$2.30B	-$2.38B
Shareholders' Equity	$15.73B	$15.81B	$17.51B	$16.77B
Working Capital	-$696.00M	-$588.00M	-$1.33B	-$806.00M
Net Debt	$10.51B	$10.36B	$12.52B	$12.58B

PBA Cash Flow statement, annual periods, in CAD
CAD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$2.93B	$2.63B	$3.21B	$3.30B
Capital Expenditure	-$605.00M	-$606.00M	-$955.00M	-$784.00M
Free Cash Flow	$2.32B	$2.03B	$2.26B	$2.52B
Depreciation & Amortisation	$683.00M	$663.00M	$862.00M	$987.00M
Stock-Based Compensation	$126.00M	$72.00M	$84.00M	$94.00M
Investing Cash Flow	-$154.00M	-$789.00M	-$3.91B	-$1.09B
Financing Cash Flow	-$2.72B	-$1.80B	$678.00M	-$2.24B
Dividends Paid	-$1.65B	-$1.58B	-$1.70B	-$1.77B
Share Repurchases	-$633.00M	-$50.00M	$0.00	-$451.00M
Net Change in Cash	$55.00M	$46.00M	-$21.00M	-$32.00M

PBA Income statement, quarterly periods, in CAD
CAD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$1.79B	$1.79B	$1.91B	$2.11B	$2.15B
Cost of Revenue	$1.01B	$1.13B	$1.09B	$1.18B	$1.22B
Gross Profit	$780.00M	$658.00M	$827.00M	$929.00M	$933.00M
Selling, General & Admin	$97.00M	$126.00M	$120.00M	$142.00M	$132.00M
Operating Expenses	$96.00M	$107.00M	$155.00M	$143.00M	$127.00M
Operating Income	$684.00M	$551.00M	$672.00M	$786.00M	$806.00M
EBITDA	$942.00M	$796.00M	$1.04B	$1.01B	$1.06B
Pretax Income	$533.00M	$398.00M	$637.00M	$631.00M	$652.00M
Income Tax	$116.00M	$112.00M	$148.00M	$133.00M	$140.00M
Net Income	$417.00M	$286.00M	$489.00M	$498.00M	$512.00M
Diluted EPS	0.65	0.43	0.78	0.80	0.82
Diluted Shares	582.00M	582.00M	626.92M	582.00M	582.00M

PBA Balance Sheet statement, quarterly periods, in CAD
CAD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$210.00M	$149.00M	$106.00M	$173.00M	$153.00M
Receivables	$869.00M	$868.00M	$821.00M	$1.20B	$1.10B
Inventory	$275.00M	$304.00M	$284.00M	$324.00M	$297.00M
Current Assets	$1.38B	$1.34B	$1.26B	$1.71B	$1.57B
Total Assets	$35.42B	$35.45B	$35.55B	$36.17B	$36.24B
Current Liabilities	$1.78B	$2.50B	$2.06B	$2.05B	$2.54B
Long-Term Debt	$12.14B	$11.54B	$12.09B	$12.71B	$12.01B
Total Debt	$13.38B	$13.29B	$13.31B	$13.92B	$13.81B
Total Liabilities	$18.39B	$18.44B	$18.78B	$19.27B	$19.18B
Retained Earnings	-$2.27B	-$2.43B	-$2.38B	-$2.33B	-$2.27B
Shareholders' Equity	$17.04B	$17.00B	$16.77B	$16.90B	$17.06B
Working Capital	-$403.00M	-$1.16B	-$806.00M	-$343.00M	-$969.00M
Net Debt	$12.53B	$12.48B	$12.58B	$13.14B	$13.06B

PBA Cash Flow statement, quarterly periods, in CAD
CAD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$790.00M	$810.00M	$861.00M	$335.00M	$897.00M
Capital Expenditure	-$197.00M	-$178.00M	-$235.00M	-$187.00M	-$218.00M
Free Cash Flow	$593.00M	$632.00M	$626.00M	$148.00M	$679.00M
Depreciation & Amortisation	$257.00M	$241.00M	$256.00M	$230.00M	$245.00M
Stock-Based Compensation	$0.00	$39.00M	$26.00M	$43.00M	$44.00M
Investing Cash Flow	-$341.00M	-$294.00M	-$273.00M	-$420.00M	-$339.00M
Financing Cash Flow	-$386.00M	-$583.00M	-$629.00M	$152.00M	-$581.00M
Dividends Paid	-$447.00M	-$445.00M	-$444.00M	-$443.00M	-$457.00M
Share Repurchases	-$200.00M	$0.00	-$225.00M	$0.00	$0.00
Net Change in Cash	$63.00M	-$67.00M	-$41.00M	$67.00M	-$23.00M

Market Snapshot

About

Pembina Pipeline Corp. operates energy infrastructure across Western Canada, providing transportation and midstream services for crude oil, natural gas liquids, and natural gas. The company owns and operates pipelines, gas gathering and processing facilities, storage terminals, and an oil sands pipeline system.