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MARKETS / NYSE / PBA
NYSE · OIL & GAS FIELD EXPLORATION SERVICES

Pembina Pipeline Corp. PBA

8 fiscal years on record · CAD · FY2025 reported · SEC filings only
CAD 7.8B
▲ 5.3% YoY
CAD 1.7B
▼ 9.1% YoY
In brief

What this company does

Pembina Pipeline Corporation has served North America's energy industry for more than 70 years and owns a network of assets, including hydrocarbon liquids and natural gas pipelines, gas gathering and processing facilities, oil and natural gas liquids infrastructure and logistics services, and an export terminals business. It is structured into three divisions: Pipelines Division, Facilities Division and Marketing & New Ventures Division. Within its Marketing & New Ventures Division, Pembina undertakes commodity marketing activities, including buying and selling natural gas, ethane, propane, butane, condensate, crude oil, electricity and carbon credits, commodity arbitrage, and optimizing storage opportunities.

Written from the business description in Pembina Pipeline Corporation's annual report to the U.S. Securities and Exchange Commission, filed 27 February 2026. Every sentence was checked against that document before publication.

Growth
CAD 7.8B
Revenue, FY2025 · full 8-year series below
Revenue CAD B Net income CAD B
FY2025 · Revenue 7.8 · Net income 1.7
4B8B20182019202020212022202320242025
Compound annual growth
−12.5%
+5.5%
−19.6%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +5.5% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
22 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 36.1% · Net 21.8%
20%40%-2%-4%20182019202020212022202320242025
ROE
FY2024 · ROE 11.8%
5%10%20182019202020212022202320242025

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Net buybacks CAD B Dividends CAD B
FY2024 · Dividends — · Net buybacks 0.0
0.8B2018201920202021202220232024

Total assetsCAD 35.6B
CashCAD 106.0M
Gross debtCAD 11.7B
Net debtCAD 11.6B
Current ratio0.61×

Not available: we don't have the shareholders' equity figure for this period.

The 8-year record
8 fiscal years
Every figure from documents filed with the SEC · CAD
row low → row highnegative
Metric 20252024202320222021202020192018
Revenue CAD B7.87.46.311.68.66.06.47.4
Operating income CAD B2.82.32.73.72.10.01.82.0
EBITDA CAD B········
Income tax CAD B0.5−0.20.40.20.4−0.10.00.5
Net income CAD B1.71.91.83.01.2−0.31.50.4
EPS, diluted CAD 2.663.002.995.121.99−0.862.682.28
Dividend / sh CAD ········
Payout %······358303
ROE %·11.811.3···2.42.8

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

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Provenance
Company facts, as filed
How we verify · 0 failures · 8 divergences in 40 reconciliationsAUDITED

No fiscal year had a computed check that closed clean. 8 of those reconciliations are divergences — the figures exist but don't fit the formula this check expects; that isn't the same as an error. 55 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures8 divergent
ActivityOil & Gas Field Exploration Services
Listed onNYSE
Incorporated inoutside the United States — SEC code A0
Fiscal year endsDecember 31
Data on record since2018

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