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Pembina Pipeline
(TSX:PPL)
Pembina Pipeline (PPL) vs. iShares MSCI Canada ETF (EWC)
Pembina Pipeline Business Overview & Revenue Model
Pembina Pipeline Earnings Call Summary
Pembina Pipeline Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.06B | 7.38B | 6.33B | 11.61B | 8.63B | 5.95B |
| Gross Profit | 3.26B | 2.99B | 2.52B | 2.73B | 2.49B | 2.07B |
| EBITDA | 3.67B | 3.37B | 2.71B | 2.85B | 2.61B | 2.44B |
| Net Income | 1.87B | 1.86B | 1.78B | 2.97B | 1.24B | -316.00M |
Balance Sheet | ||||||
| Total Assets | 35.42B | 35.97B | 32.62B | 31.48B | 31.46B | 31.42B |
| Cash, Cash Equivalents and Short-Term Investments | 210.00M | 141.00M | 137.00M | 94.00M | 43.00M | 81.00M |
| Total Debt | 13.38B | 13.32B | 11.14B | 11.28B | 11.96B | 11.65B |
| Total Liabilities | 18.39B | 18.46B | 16.80B | 15.69B | 17.09B | 16.40B |
| Stockholders Equity | 17.04B | 17.51B | 15.81B | 15.73B | 14.30B | 14.96B |
Cash Flow | ||||||
| Free Cash Flow | 2.56B | 2.23B | 2.01B | 2.30B | 1.97B | 1.18B |
| Operating Cash Flow | 3.43B | 3.19B | 2.62B | 2.91B | 2.63B | 2.21B |
| Investing Cash Flow | -1.13B | -3.89B | -774.00M | -133.00M | -1.01B | -1.44B |
| Financing Cash Flow | -2.35B | 678.00M | -1.80B | -2.72B | -1.67B | -809.00M |
Pembina Pipeline Technical Analysis
Pembina Pipeline Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ― | C$73.20B | 17.25 | 15.25% | 4.79% | -2.93% | 23.33% | |
| ― | C$9.78B | 18.44 | 18.92% | 5.07% | 1.57% | 55.82% | |
| ― | $142.61B | 22.99 | 9.76% | 5.72% | 48.78% | 9.69% | |
| ― | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
| ― | $12.32B | 16.48 | 9.01% | 3.02% | -0.68% | 49.61% | |
| ― | $30.82B | 17.87 | 10.69% | 5.28% | -3.86% | -9.35% | |
| ― | $3.92B | 24.56 | 17.22% | 7.11% | -14.27% | -11.69% |
Pembina Pipeline Corporate Events
Pembina Pipeline Corporation has successfully closed a $225 million offering of 5.95% Fixed-to-Fixed Rate Subordinated Notes, Series 2, due in 2055. The proceeds from this offering will be used to redeem all outstanding Series 9 Class A Preferred Shares on December 1, 2025, at a redemption price of $25.00 per share. This strategic financial move is expected to optimize Pembina’s capital structure and support its general corporate purposes. The redemption process has been communicated to shareholders, ensuring a smooth transition and maintaining investor confidence.
The most recent analyst rating on (TSE:PPL) stock is a Sell with a C$50.00 price target. To see the full list of analyst forecasts on Pembina Pipeline stock, see the TSE:PPL Stock Forecast page.
Pembina Pipeline Corporation announced a $225 million issuance of 5.95% Fixed-to-Fixed Rate Subordinated Notes, Series 2, due in 2055. This issuance follows a previous $200 million issuance of the same series, bringing the total to $425 million. The proceeds will be used to redeem outstanding preferred shares and for general corporate purposes. This move is expected to optimize Pembina’s capital structure and support its financial strategies, potentially impacting its market positioning and providing benefits to stakeholders.
The most recent analyst rating on (TSE:PPL) stock is a Sell with a C$50.00 price target. To see the full list of analyst forecasts on Pembina Pipeline stock, see the TSE:PPL Stock Forecast page.
Pembina Pipeline Corporation has announced the declaration of quarterly dividends for its preferred shares across several series, with payment dates set for December 2025. This decision reflects the company’s ongoing commitment to providing returns to its shareholders. Additionally, Pembina will release its third quarter 2025 financial results on November 6, 2025, followed by a conference call and webcast on November 7, 2025, to discuss the results with investors and stakeholders. These announcements are part of Pembina’s efforts to maintain transparency and engagement with its investors, potentially impacting its market positioning and stakeholder relations.
The most recent analyst rating on (TSE:PPL) stock is a Sell with a C$50.00 price target. To see the full list of analyst forecasts on Pembina Pipeline stock, see the TSE:PPL Stock Forecast page.
Pembina Pipeline Corporation announced its consideration of a subordinated note offering under its short form base shelf prospectus. If successful, the proceeds will be used to redeem outstanding preferred shares and for general corporate purposes. The announcement reflects Pembina’s strategic financial management and could impact its capital structure and shareholder value, although there is no certainty regarding the completion or terms of the offering.
The most recent analyst rating on (TSE:PPL) stock is a Sell with a C$50.00 price target. To see the full list of analyst forecasts on Pembina Pipeline stock, see the TSE:PPL Stock Forecast page.
On October 6, 2025, Pembina Pipeline Corporation, in partnership with Kineticor, provided updates on the Greenlight Electricity Centre project in Alberta. The project, a gas-fired power generation facility with a capacity of up to 1,800 MW, aims to support Alberta’s innovation economy by providing reliable and scalable power solutions. Recent milestones include securing a 907 MW allocation from the Alberta Electric System Operator, a land purchase agreement, and a major equipment reservation. The project is expected to begin operations as early as 2027, with a final investment decision anticipated in the first half of 2026. This development is set to enhance Pembina’s growth by integrating with its existing assets and expanding its natural gas value chain.
The most recent analyst rating on (TSE:PPL) stock is a Buy with a C$59.00 price target. To see the full list of analyst forecasts on Pembina Pipeline stock, see the TSE:PPL Stock Forecast page.
Pembina Pipeline Corporation announced that the Canada Energy Regulator has approved a negotiated settlement for the Canadian portion of the Alliance Pipeline. This approval establishes a tolling structure for the next decade, enhancing Pembina’s ability to deliver exceptional service and maximize the value of its North American energy infrastructure. The settlement is expected to positively impact Pembina’s operations and strengthen its industry positioning, benefiting stakeholders by ensuring a stable and predictable framework for the pipeline’s operation.
The most recent analyst rating on (TSE:PPL) stock is a Buy with a C$59.00 price target. To see the full list of analyst forecasts on Pembina Pipeline stock, see the TSE:PPL Stock Forecast page.
Pembina Pipeline Corp.’s recent earnings call reflected a balanced sentiment, highlighting positive strides in project execution and export capability expansions, while also acknowledging challenges in decreased earnings and the marketing segment. Despite competitive threats, management remains confident in their strategic positioning.
Pembina Pipeline Corporation is a prominent energy transportation and midstream service provider in North America, specializing in hydrocarbon liquids and natural gas pipelines, gas gathering and processing facilities, and export terminals. In its latest earnings report for the second quarter of 2025, Pembina Pipeline Corporation reported earnings of $417 million and an adjusted EBITDA of $1,013 million. The company has updated its 2025 adjusted EBITDA guidance to a range of $4.225 billion to $4.425 billion. Key strategic developments include enhanced propane export capabilities, acquisitions in the Duvernay Complex, and ongoing pipeline expansions to meet rising transportation demands. Pembina is also advancing significant projects like the Cedar LNG Project and the Greenlight Electricity Centre, reflecting its commitment to growth and sustainability. Looking ahead, Pembina remains optimistic about its growth prospects, driven by strong fundamentals in the Western Canadian Sedimentary Basin and strategic investments in infrastructure and partnerships.
Pembina Pipeline Corporation reported its second quarter 2025 financial results, highlighting earnings of $417 million and an adjusted EBITDA of $1,013 million. The company has updated its 2025 adjusted EBITDA guidance and announced several strategic initiatives, including enhanced propane exports, acquisitions in gas infrastructure, and pipeline expansions. These developments are aimed at improving market access, reducing costs, and meeting growing transportation demands. Pembina’s capital investment program for 2025 has been revised to $1.3 billion, reflecting its commitment to expanding infrastructure and securing long-term agreements.
The most recent analyst rating on (TSE:PPL) stock is a Buy with a C$56.00 price target. To see the full list of analyst forecasts on Pembina Pipeline stock, see the TSE:PPL Stock Forecast page.