logo

PBA

Pembina Pipeline·NYSE
--
--(--)
--
--(--)

PBA fundamentals

Pembina Pipeline (PBA) released its earnings on Feb 27, 2026: revenue was 1.39B (YoY -6.55%), missed estimates; EPS was 0.568 (YoY -11.15%), beat estimates.
Revenue / YoY
1.39B
-6.55%
EPS / YoY
0.568
-11.15%
Report date
Feb 27, 2026
PBA Earnings Call Summary for Q4,2025
  • Strategic Growth: CAD 625M invested in Northeast BC expansions to meet condensate demand; Cedar LNG propane exports to Asia secured. Greenlight Electricity Centre FID expected Q2 2026.
  • Financial Resilience: 2026 EBITDA guidance $4.125B-$4.425B, despite peak debt/EBITDA of 4.0x. Marketing division cautious on short-term margins but optimistic on 2026 frac spreads.
  • Project Execution: Taylor-to-Gordondale phase two paused; phase one progressing. Cedar LNG Phase Two contingent on gas supply. Alliance Pipeline toll changes impacting Canadian segment revenue.
  • Customer Commitment: Over 200,000 b/d recontracted in 2025, including full Nipisi Pipeline utilization. Tourmaline contract renewal maintains processing volumes.
EPS
Q3,undefined
Q4,undefined
Q1,undefined
Q2,undefined
Q3,undefined
Q4,undefined
Q1,undefined
Q2,undefined
Q3,undefined
Q4,undefined
Q1,2020
Q2,2020
Q3,2020
Q4,2020
Q1,2021
Q2,2021
Q3,2021
Q4,2021
Q1,2022
Q2,2022
Q3,2022
Q4,2022
Q1,2023
Q2,2023
Q3,2023
Q4,2023
Q1,2024
Q2,2024
Q3,2024
Q4,2024
Q1,2025
Q2,2025
Q3,2025
Q4,2025
Actual
0.35130.28630.3818-1.78960.40580.31490.79610.06320.64740.53582.3340.28770.4510.45260.41960.91290.54630.5480.44340.63930.55590.47740.30870.568
Forecast
0.40980.36190.39480.44480.45990.43750.49010.50950.55980.48050.44820.54710.49470.44220.49820.61170.54860.54370.53860.5870.55650.47040.46180.5243
Surprise
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
-14.28%
-20.89%
-3.29%
-502.34%
-11.76%
-28.02%
+62.44%
-87.60%
+15.65%
+11.51%
+420.75%
-47.41%
-8.83%
+2.35%
-15.78%
+49.24%
-0.42%
+0.79%
-17.68%
+8.91%
-0.11%
+1.49%
-33.15%
+8.33%
Revenue
Q3,undefined
Q4,undefined
Q1,undefined
Q2,undefined
Q3,undefined
Q4,undefined
Q1,undefined
Q2,undefined
Q3,undefined
Q4,undefined
Q1,2020
Q2,2020
Q3,2020
Q4,2020
Q1,2021
Q2,2021
Q3,2021
Q4,2021
Q1,2022
Q2,2022
Q3,2022
Q4,2022
Q1,2023
Q2,2023
Q3,2023
Q4,2023
Q1,2024
Q2,2024
Q3,2024
Q4,2024
Q1,2025
Q2,2025
Q3,2025
Q4,2025
Actual
--------------------1.17B930.98M1.17B1.33B1.63B1.58B1.69B2.02B2.43B2.40B2.01B1.99B1.70B1.56B1.69B1.86B1.14B1.36B1.36B1.49B1.59B1.32B1.29B1.39B
Forecast
--------------------1.39B1.29B1.27B1.35B1.37B1.22B1.34B1.31B1.86B2.32B1.83B1.81B1.79B1.67B1.60B1.90B1.90B1.43B1.48B1.45B1.64B1.52B1.48B1.61B
Surprise
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
-15.44%
-28.03%
-7.41%
-1.42%
+19.03%
+29.64%
+26.15%
+55.07%
+30.37%
+3.76%
+9.88%
+10.31%
-5.13%
-6.40%
+5.19%
-2.07%
-40.05%
-5.02%
-7.68%
+2.97%
-3.59%
-13.16%
-13.32%
-13.38%

Earnings Call