Pembina Pipeline Corporation(PBA)Earnings, Financials & Key Ratios
PBA•NYSE
$44.94
$26.12B mkt cap·23.1× P/E·Price updated May 7, 2026
AboutPembina Pipeline Corporation provides transportation and midstream services for the energy industry. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 3.1 millions of barrels of oil equivalent per day, ground storage of 11 millions of barrels, and rail terminalling capacity of approximately 105 thousands of barrels of oil equivalent per day serving markets and basins across North America. The Facilities segment offers infrastructure that provides customers with natural gas, condensate, and natural gas liquids (NGLs), including ethane, propane, butane, and condensate; and includes 354 thousands of barrels per day of NGL fractionation capacity, 21 millions of barrels of cavern storage capacity, and associated pipeline and rail terminalling facilities. The Marketing & New Ventures segment buys and sells hydrocarbon liquids and natural gas originating in the Western Canadian sedimentary basin and other basins. Pembina Pipeline Corporation was incorporated in 1954 and is headquartered in Calgary, Canada.Show more
- Revenue$7.78B+5.3%
- EBITDA$3.8B+20.8%
- Net Income$1.69B-9.1%
- EPS (Diluted)2.66-11.3%
- Gross Margin38.36%-14.6%
- EBITDA Margin48.8%+14.7%
- Operating Margin36.11%+16.9%
- Net Margin21.78%-13.7%
- ROE9.88%-11.7%
- ROIC6.95%+16.7%
- Debt/Equity0.79+4.3%
- Interest Coverage4.76+22.4%
PBA Key Insights
Pembina Pipeline Corporation (PBA) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓FCF machine: 32.0% free cash flow margin
- ✓High quality earnings: Operating CF exceeds net income
- ✓Healthy dividend yield of 5.0%
- ✓Healthy 5Y average net margin of 23.0%
- ✓Trading near 52-week high
✗Weaknesses
- ✗Dividend payout exceeds 100% of earnings
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
PBA Price & Volume
Pembina Pipeline Corporation (PBA) stock price & volume — 10-year historical chart
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PBA Growth Metrics
Pembina Pipeline Corporation (PBA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years5.31%
5 Years5.49%
3 Years-12.5%
TTM3.62%
Profit CAGR
10 Years15.36%
5 Years-
3 Years-17.08%
TTM-9.12%
EPS CAGR
10 Years10.06%
5 Years-
3 Years-19.66%
TTM-11.33%
Return on Capital
10 Years7.16%
5 Years8.93%
3 Years8.26%
Last Year8.44%
PBA Recent Earnings
Pembina Pipeline Corporation (PBA) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 4/12 qtrs (36%)
Q1 2026Latest
Feb 26, 2026EPS
$0.56
Est $0.50
+12.0%
Revenue
$1.0B
Est $1.2B
-13.4%
Q4 2025
Nov 6, 2025EPS
$0.31
Est $0.45
-31.1%
Revenue
$1.3B
Est $1.4B
-9.0%
Q3 2025
Aug 7, 2025EPS
$0.47
Est $0.47
+0.0%
Revenue
$1.3B
Est $1.1B
+19.2%
Q2 2025
May 8, 2025EPS
$0.56
Est $0.57
-1.8%
Revenue
$1.6B
Est $1.2B
+37.4%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 26, 2026 | $0.56vs $0.50+12.0% | $1.0Bvs $1.2B-13.4% |
| Q4 2025 | Nov 6, 2025 | $0.31vs $0.45-31.1% | $1.3Bvs $1.4B-9.0% |
| Q3 2025 | Aug 7, 2025 | $0.47vs $0.47+0.0% | $1.3Bvs $1.1B+19.2% |
| Q2 2025 | May 8, 2025 | $0.56vs $0.57-1.8% | $1.6Bvs $1.2B+37.4% |
Based on last 12 quarters of dataView full earnings history →
PBA Peer Comparison
Pembina Pipeline Corporation (PBA) competitors in Gas Gathering, Processing and NGLs — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 ENB | 117.81B | 53.99 | 16.77 | 21.92% | 18.1% | 18.7% | 0.10 | |
 TRP | 67.77B | 65.09 | 27.16 | 10.29% | 23.23% | 9.37% | 1.65 | |
 PPL | 27.4B | 36.77 | 22.98 | 6.85% | 13.06% | 5.46% | 0.85 | |
 WMB | 89.22B | 72.95 | 34.09 | 13.78% | 23.82% | 18.98% | 1.96 | |
 KMI | 70.1B | 31.51 | 23 | 12.45% | 18.92% | 10.27% | 1.00 | |
 OKE | 54.1B | 85.87 | 15.84 | 55.42% | 10.04% | 15.86% | 1.45 | |
 ET | 68.53B | 19.92 | 14.76 | -0.05% | 6.21% | 11.56% | 1.45 | |
 TRGP | 54.26B | 252.44 | 29.63 | 3.06% | 12.98% | 70.77% | 5.49 |
Compare PBA vs Peers
Pembina Pipeline Corporation (PBA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
PBA Income Statement
Pembina Pipeline Corporation (PBA) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 5.41B | 7.35B | 7.23B | 5.95B | 8.63B | 11.61B | 6.33B | 7.38B | 7.78B |
| Revenue Growth % | 26.8% | 35.93% | -1.65% | -17.66% | 44.92% | 34.59% | -45.47% | 16.63% | 5.34% |
| Cost of Goods Sold | 3.93B | 5.02B | 4.8B | 3.94B | 5.98B | 8.49B | 3.49B | 4.07B | 4.79B |
| COGS % of Revenue | 72.6% | 68.34% | 66.35% | 66.27% | 69.32% | 73.1% | 55.14% | 55.09% | 61.64% |
| Gross Profit | 1.48B▲ 0% | 2.33B▲ 57.0% | 2.43B▲ 4.6% | 2.01B▼ 17.5% | 2.65B▲ 31.8% | 3.12B▲ 18.0% | 2.84B▼ 9.1% | 3.32B▲ 16.8% | 2.98B▼ 10.0% |
| Gross Margin % | 27.4% | 31.66% | 33.65% | 33.73% | 30.68% | 26.9% | 44.86% | 44.91% | 38.36% |
| Gross Profit Growth % | 48.05% | 57.02% | 4.56% | -17.47% | 31.82% | 17.98% | -9.06% | 16.76% | -10.01% |
| Operating Expenses | 264M | 306M | 311M | 2B | 532M | -582M | 185M | 1.03B | 175M |
| OpEx % of Revenue | 4.88% | 4.16% | 4.3% | 33.66% | 6.17% | -5.01% | 2.92% | 14.02% | 2.25% |
| Selling, General & Admin | 236M | 279M | 296M | 246M | 306M | 399M | 422M | 444M | 477M |
| SG&A % of Revenue | 4.36% | 3.8% | 4.09% | 4.13% | 3.55% | 3.44% | 6.67% | 6.01% | 6.13% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | -13M | -274M | 15M | 1.76B | 226M | -981M | -237M | 591M | -302M |
| Operating Income | 1.22B▲ 0% | 2.02B▲ 65.9% | 1.82B▼ 9.8% | 4M▼ 99.8% | 2.12B▲ 52775.0% | 3.71B▲ 75.2% | 2.65B▼ 28.3% | 2.28B▼ 14.1% | 2.81B▲ 23.1% |
| Operating Margin % | 22.52% | 27.49% | 25.2% | 0.07% | 24.52% | 31.91% | 41.94% | 30.89% | 36.11% |
| Operating Income Growth % | 50.93% | 65.93% | -9.85% | -99.78% | 52775% | 75.18% | -28.34% | -14.09% | 23.15% |
| EBITDA | 1.61B | 2.45B | 2.34B | 704M | 2.84B | 4.39B | 3.32B | 3.14B | 3.8B |
| EBITDA Margin % | 29.81% | 33.33% | 32.32% | 11.83% | 32.9% | 37.79% | 52.41% | 42.56% | 48.8% |
| EBITDA Growth % | 45.23% | 51.99% | -4.61% | -69.88% | 303.13% | 54.62% | -24.38% | -5.27% | 20.78% |
| D&A (Non-Cash Add-back) | 394M | 429M | 515M | 700M | 723M | 683M | 663M | 862M | 987M |
| EBIT | 1.12B | 2.03B | 1.48B | 0 | 2.1B | 3.68B | 2.66B | 2.31B | 2.79B |
| Net Interest Income | -183M | -286M | -237.52M | -416M | -440M | -462M | -463M | -549M | -575.53M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 7M | 46M | 10.99M |
| Interest Expense | 183M | 286M | 237.52M | 416M | 440M | 462M | 470M | 595M | 586.52M |
| Other Income/Expense | -185M | -279M | -289M | -420M | -450M | -486M | -466M | -561M | -602M |
| Pretax Income | 1.03B▲ 0% | 1.74B▲ 68.6% | 1.53B▼ 12.3% | -416M▼ 127.2% | 1.67B▲ 500.2% | 3.22B▲ 93.3% | 2.19B▼ 32.0% | 1.72B▼ 21.4% | 2.21B▲ 28.3% |
| Pretax Margin % | 19.1% | 23.7% | 21.13% | -6.99% | 19.3% | 27.72% | 34.58% | 23.29% | 28.37% |
| Income Tax | 142M | 464M | 36M | -100M | 423M | 248M | 413M | -154M | 513M |
| Effective Tax Rate % | 13.75% | 26.64% | 2.36% | 24.04% | 25.41% | 7.7% | 18.87% | -8.95% | 23.24% |
| Net Income | 891M▲ 0% | 1.28B▲ 43.4% | 1.49B▲ 16.7% | -316M▼ 121.2% | 1.24B▲ 493.0% | 2.97B▲ 139.2% | 1.78B▼ 40.2% | 1.86B▲ 5.0% | 1.69B▼ 9.1% |
| Net Margin % | 16.48% | 17.39% | 20.64% | -5.31% | 14.4% | 25.59% | 28.05% | 25.24% | 21.78% |
| Net Income Growth % | 91.2% | 43.43% | 16.74% | -121.18% | 493.04% | 139.21% | -40.22% | 4.96% | -9.12% |
| Net Income (Continuing) | 883M | 867M | 1.51B | -316M | 1.24B | 2.97B | 1.78B | 1.87B | 1.69B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 60M | 60M | 60M | 60M | 60M | 60M | 0 | 0 | 0 |
| EPS (Diluted) | 1.86▲ 0% | 2.51▲ 34.9% | 2.68▲ 6.8% | -0.57▼ 121.3% | 1.99▲ 449.1% | 5.13▲ 157.8% | 2.99▼ 41.7% | 3.00▲ 0.3% | 2.66▼ 11.3% |
| EPS Growth % | 84.16% | 34.95% | 6.77% | -121.27% | 449.12% | 157.79% | -41.72% | 0.33% | -11.33% |
| EPS (Basic) | 1.87 | 2.53 | 2.69 | -0.57 | 2.00 | 5.14 | 3.00 | 3.00 | 2.66 |
| Diluted Shares Outstanding | 432M | 509M | 514M | 550M | 551M | 554M | 551M | 574M | 582M |
| Basic Shares Outstanding | 426M | 505M | 512M | 550M | 550M | 553M | 550M | 573M | 636.84M |
| Dividend Payout Ratio | 87.65% | 97.57% | 88.67% | - | 111.59% | 51.33% | 82.15% | 84.17% | 104.6% |
PBA Balance Sheet
Pembina Pipeline Corporation (PBA) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 1.02B | 1.01B | 987M | 989M | 1.25B | 1.36B | 2.63B | 1.57B | 1.26B |
| Cash & Short-Term Investments | 321M | 157M | 129M | 81M | 43M | 94M | 137M | 141M | 106M |
| Cash Only | 321M | 157M | 129M | 81M | 43M | 94M | 137M | 141M | 106M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 512M | 500M | 667M | 638M | 780M | 696M | 824M | 1.08B | 836M |
| Days Sales Outstanding | 34.56 | 24.83 | 33.67 | 39.12 | 33 | 21.88 | 47.51 | 53.53 | 39.23 |
| Inventory | 168M | 198M | 126M | 221M | 376M | 269M | 333M | 301M | 284M |
| Days Inventory Outstanding | 15.62 | 14.38 | 9.59 | 20.45 | 22.95 | 11.57 | 34.82 | 27.01 | 21.62 |
| Other Current Assets | 4M | 142M | 40M | 25M | 14M | 253M | 1.31B | 13M | 33M |
| Total Non-Current Assets | 24.54B | 25.65B | 32.17B | 30.43B | 30.21B | 30.11B | 29.98B | 34.39B | 34.3B |
| Property, Plant & Equipment | 13.55B | 14.73B | 19.6B | 19.2B | 18.77B | 16.04B | 16.32B | 23.27B | 23.08B |
| Fixed Asset Turnover | 0.40x | 0.50x | 0.37x | 0.31x | 0.46x | 0.72x | 0.39x | 0.32x | 0.34x |
| Goodwill | 3.87B | 3.88B | 4.68B | 4.69B | 4.69B | 4.56B | 4.55B | 5.02B | 0 |
| Intangible Assets | 843M | 531M | 1.75B | 1.65B | 1.54B | 1.57B | 1.51B | 1.5B | 6.34B |
| Long-Term Investments | 6.23B | 6.37B | 5.95B | 4.38B | 4.62B | 7.37B | 6.99B | 4.27B | 4.34B |
| Other Non-Current Assets | 13M | 9M | 186M | 188M | 320M | 315M | 327M | 331M | 531M |
| Total Assets | 25.57B▲ 0% | 26.66B▲ 4.3% | 33.15B▲ 24.3% | 31.42B▼ 5.2% | 31.46B▲ 0.1% | 31.48B▲ 0.1% | 32.62B▲ 3.6% | 35.97B▲ 10.3% | 35.55B▼ 1.1% |
| Asset Turnover | 0.21x | 0.28x | 0.22x | 0.19x | 0.27x | 0.37x | 0.19x | 0.21x | 0.22x |
| Asset Growth % | 70.25% | 4.29% | 24.34% | -5.24% | 0.13% | 0.06% | 3.63% | 10.27% | -1.15% |
| Total Current Liabilities | 1.14B | 1.49B | 1.46B | 1.78B | 2.39B | 2.05B | 3.22B | 2.91B | 2.06B |
| Accounts Payable | 465M | 519M | 717M | 434M | 625M | 571M | 555M | 530M | 1.32B |
| Days Payables Outstanding | 43.23 | 37.71 | 54.56 | 40.15 | 38.15 | 24.55 | 58.03 | 47.55 | 100.58 |
| Short-Term Debt | 256M | 480M | 74M | 600M | 1B | 600M | 650M | 1.52B | 600M |
| Deferred Revenue (Current) | 342M | 37M | 39M | 62M | 71M | 56M | 33M | 43M | 0 |
| Other Current Liabilities | 382M | 387M | 116M | 530M | 579M | 57M | 1.89B | 75M | 61M |
| Current Ratio | 0.89x | 0.68x | 0.68x | 0.56x | 0.52x | 0.67x | 0.82x | 0.54x | 0.61x |
| Quick Ratio | 0.75x | 0.55x | 0.59x | 0.43x | 0.36x | 0.53x | 0.71x | 0.44x | 0.47x |
| Cash Conversion Cycle | 6.94 | 1.51 | -11.3 | 19.41 | 17.8 | 8.89 | 24.29 | 32.99 | -39.72 |
| Total Non-Current Liabilities | 10.57B | 10.77B | 14.93B | 14.62B | 14.7B | 13.64B | 13.58B | 15.55B | 16.72B |
| Long-Term Debt | 7.3B | 7.04B | 10.08B | 10.28B | 10.24B | 10B | 9.85B | 11.13B | 12.09B |
| Capital Lease Obligations | 9M | 14M | 707M | 675M | 635M | 596M | 567M | 576M | 539M |
| Deferred Tax Liabilities | 2.38B | 2.77B | 2.91B | 2.92B | 3.01B | 2.51B | 2.62B | 2.87B | 0 |
| Other Non-Current Liabilities | 754M | 808M | 1.04B | 514M | 598M | 399M | 419M | 719M | 4.09B |
| Total Liabilities | 11.72B | 12.26B | 16.38B | 16.4B | 17.09B | 15.69B | 16.8B | 18.46B | 18.78B |
| Total Debt | 7.56B | 7.54B | 10.97B | 11.65B | 11.96B | 11.28B | 11.14B | 13.32B | 13.31B |
| Net Debt | 7.24B | 7.38B | 10.84B | 11.57B | 11.92B | 11.18B | 11.01B | 13.18B | 13.2B |
| Debt / Equity | 0.55x | 0.52x | 0.65x | 0.78x | 0.83x | 0.71x | 0.70x | 0.76x | 0.79x |
| Debt / EBITDA | 4.69x | 3.08x | 4.69x | 16.55x | 4.21x | 2.57x | 3.36x | 4.24x | 3.51x |
| Net Debt / EBITDA | 4.49x | 3.01x | 4.64x | 16.43x | 4.20x | 2.55x | 3.32x | 4.19x | 3.48x |
| Interest Coverage | 6.11x | 7.09x | 6.21x | 0.01x | 4.78x | 7.97x | 5.66x | 3.89x | 4.76x |
| Total Equity | 13.85B▲ 0% | 14.4B▲ 4.0% | 16.77B▲ 16.4% | 15.02B▼ 10.5% | 14.36B▼ 4.3% | 15.79B▲ 9.9% | 15.81B▲ 0.2% | 17.51B▲ 10.7% | 16.77B▼ 4.2% |
| Equity Growth % | 66.94% | 4.01% | 16.43% | -10.47% | -4.34% | 9.93% | 0.15% | 10.73% | -4.22% |
| Book Value per Share | 32.06 | 28.30 | 32.63 | 27.30 | 26.07 | 28.50 | 28.70 | 30.51 | 28.82 |
| Total Shareholders' Equity | 13.79B | 14.34B | 16.71B | 14.96B | 14.3B | 15.73B | 15.81B | 17.51B | 16.77B |
| Common Stock | 13.45B | 13.66B | 15.54B | 15.64B | 15.68B | 15.79B | 15.77B | 17.01B | 16.77B |
| Retained Earnings | -2.08B | -2.06B | -1.88B | -3.64B | -3.92B | -2.61B | -2.37B | -2.3B | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -7M | 317M | 98M | 2M | 28M | 341M | 221M | 641M | 0 |
| Minority Interest | 60M | 60M | 60M | 60M | 60M | 60M | 0 | 0 | 0 |
PBA Cash Flow Statement
Pembina Pipeline Corporation (PBA) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 1.51B | 2.26B | 2.53B | 2.25B | 2.65B | 2.93B | 2.63B | 3.21B | 3.3B |
| Operating CF Margin % | 27.98% | 30.69% | 35.02% | 37.83% | 30.72% | 25.23% | 41.62% | 43.53% | 42.44% |
| Operating CF Growth % | 40.48% | 49.11% | 12.23% | -11.06% | 17.67% | 10.53% | -10.04% | 21.97% | 2.71% |
| Net Income | 891M | 1.28B | 1.49B | -316M | 1.24B | 2.97B | 1.78B | 1.86B | 1.69B |
| Depreciation & Amortization | 382M | 417M | 511M | 700M | 723M | 683M | 679M | 862M | 987M |
| Stock-Based Compensation | 73M | 63M | 66M | 28M | 100M | 126M | 72M | 84M | 0 |
| Deferred Taxes | 142M | 464M | 36M | -100M | 423M | 248M | 413M | -154M | 0 |
| Other Non-Cash Items | 43M | 117M | 321M | 2.03B | 262M | -1.28B | -95M | 601M | 399M |
| Working Capital Changes | -18M | -83M | 106M | -93M | -100M | 177M | -210M | -43M | 221M |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -3.33B | -1.31B | -3.91B | -1.48B | -1.04B | -154M | -789M | -3.91B | -1.09B |
| Capital Expenditures | -1.84B | -1.23B | -1.65B | -1.03B | -658M | -605M | -606M | -955M | -812M |
| CapEx % of Revenue | 34.01% | 16.68% | 22.75% | 17.29% | 7.63% | 5.21% | 9.57% | 12.93% | 10.44% |
| Acquisitions | -1.34B | -58M | -2.21B | -202M | -376M | 514M | -204M | -2.58B | 0 |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | -148M | -27M | -50M | -252M | -5M | -63M | 225M | -68M | -278M |
| Cash from Financing | 2.1B | -1.13B | 1.35B | -809M | -1.67B | -2.72B | -1.8B | 678M | -2.24B |
| Debt Issued (Net) | 2.46B | 68M | 2.54B | 633M | 277M | -746M | -172M | 1.37B | -26M |
| Equity Issued (Net) | 400M | 0 | 0 | 0 | -437M | -633M | -50M | 11M | 0 |
| Dividends Paid | -781M | -1.25B | -1.32B | -1.53B | -1.52B | -1.65B | -1.58B | -1.7B | -1.77B |
| Share Repurchases | 0 | 0 | -151M | -88M | -17M | -333M | -50M | 0 | 0 |
| Other Financing | 23M | 53M | 137M | 88M | 16M | 310M | 1M | 996M | -445M |
| Net Change in Cash | 286M▲ 0% | -164M▼ 157.3% | -28M▲ 82.9% | -48M▼ 71.4% | -38M▲ 20.8% | 64M▲ 268.4% | 44M▼ 31.3% | -10M▼ 122.7% | -35M▼ 250.0% |
| Free Cash Flow | -326M▲ 0% | 1.03B▲ 416.0% | 887M▼ 13.9% | 1.22B▲ 37.9% | 1.99B▲ 62.9% | 2.32B▲ 16.7% | 2.03B▼ 12.7% | 2.26B▲ 11.3% | 2.49B▲ 10.2% |
| FCF Margin % | -6.03% | 14.01% | 12.27% | 20.54% | 23.09% | 20.02% | 32.05% | 30.59% | 32% |
| FCF Growth % | 51.2% | 415.95% | -13.88% | 37.88% | 62.88% | 16.67% | -12.69% | 11.34% | 10.18% |
| FCF per Share | -0.75 | 2.02 | 1.73 | 2.22 | 3.62 | 4.19 | 3.68 | 3.94 | 4.28 |
| FCF Conversion (FCF/Net Income) | 1.70x | 1.77x | 1.70x | -7.13x | 2.13x | 0.99x | 1.48x | 1.72x | 1.95x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
PBA Key Ratios
Pembina Pipeline Corporation (PBA) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 5.93% | 8.05% | 9.05% | 9.57% | -1.99% | 8.46% | 19.71% | 11.24% | 11.19% | 9.88% |
| Return on Invested Capital (ROIC) | 5.23% | 5.45% | 7.07% | 5.53% | 0.01% | 6% | 10.44% | 7.4% | 5.95% | 6.95% |
| Gross Margin | 23.47% | 27.4% | 31.66% | 33.65% | 33.73% | 30.68% | 26.9% | 44.86% | 44.91% | 38.36% |
| Net Margin | 10.93% | 16.48% | 17.39% | 20.64% | -5.31% | 14.4% | 25.59% | 28.05% | 25.24% | 21.78% |
| Debt / Equity | 0.50x | 0.55x | 0.52x | 0.65x | 0.78x | 0.83x | 0.71x | 0.70x | 0.76x | 0.79x |
| Interest Coverage | 6.85x | 6.11x | 7.09x | 6.21x | 0.01x | 4.78x | 7.97x | 5.66x | 3.89x | 4.76x |
| FCF Conversion | 2.31x | 1.70x | 1.77x | 1.70x | -7.13x | 2.13x | 0.99x | 1.48x | 1.72x | 1.95x |
| Revenue Growth | -7.98% | 26.8% | 35.93% | -1.65% | -17.66% | 44.92% | 34.59% | -45.47% | 16.63% | 5.34% |
PBA Frequently Asked Questions
Pembina Pipeline Corporation (PBA) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Pembina Pipeline Corporation (PBA) reported $7.81B in revenue for fiscal year 2025. This represents a 7084% increase from $108.7M in 1998.
Pembina Pipeline Corporation (PBA) grew revenue by 5.3% over the past year. This is steady growth.
Yes, Pembina Pipeline Corporation (PBA) is profitable, generating $1.69B in net income for fiscal year 2025 (21.8% net margin).
Dividend & Returns
Yes, Pembina Pipeline Corporation (PBA) pays a dividend with a yield of 4.97%. This makes it attractive for income-focused investors.
Pembina Pipeline Corporation (PBA) has a return on equity (ROE) of 9.9%. This is below average, suggesting room for improvement.
Pembina Pipeline Corporation (PBA) generated $2.29B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
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Pembina Pipeline Corporation (PBA) financial analysis — history, returns, DCA and operating performance tools
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