Pembina Pipeline Corp. (PBA) reported C$7.78B of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 5.3% from the year before.

Yes. Pembina Pipeline Corp. earned C$1.69B in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 21.8%.

How much cash and debt does PBA have?

Pembina Pipeline Corp. reported C$106.00M in cash and cash equivalents and C$11.67B of debt on its most recent balance sheet in SEC filings.

How fast is PBA revenue growing?

Pembina Pipeline Corp.'s revenue changed +5.3% in fiscal 2025, to C$7.78B. Its compound annual growth rate was +5.5% over 5 years.

What is PBA gross margin?

Pembina Pipeline Corp.'s gross profit was C$3.19B on C$7.78B of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 41.1%.

What is PBA free cash flow?

Pembina Pipeline Corp. generated C$2.52B of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of C$3.30B less capital expenditures.

What is PBA earnings per share?

Diluted earnings per share were C$2.66 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.

When did PBA last report financial results?

The latest statements here come from Pembina Pipeline Corp.'s 40-F filed on Feb 27, 2026, covering the period ended Dec 31, 2025.

Where does this PBA financial data come from?

Quantisnow builds these statements from the structured XBRL data Pembina Pipeline Corp. files with the SEC. It is provided for information only and is not investment advice.

Financials · PBA

Pembina Pipeline Corp. (PBA) financials

For fiscal 2025 (ended Dec 31, 2025), Pembina Pipeline Corp. reported C$7.78B of revenue and C$1.69B of net income. Figures are in CAD, the currency of its SEC filings.

Revenue, FY2025: C$7.78B
Revenue growth, YoY: +5.3%
Net income, FY2025: C$1.69B
Net income growth, YoY: -9.1%
Net margin: 21.8%
Free cash flow, FY2025: C$2.52B
EPS, diluted, FY2025: C$2.66
EPS growth, YoY: -11.3%
Cash: C$106.00M
Total debt: C$11.67B

Annual revenueC$7.78B

FY2016FY2025

Annual net incomeC$1.69B

FY2016FY2025

Annual free cash flowC$2.52B

FY2016FY2025

PBA revenue and earnings growth

PBA revenueFY2025C$7.78B

FY YoY: +5.3%
5Y CAGR: +5.5%

PBA revenue was C$7.78B for fiscal 2025 (ended Dec 31, 2025), up 5.3% from fiscal 2024. Compound annual growth was +5.5% over 5 years. It rose in 6 of the last 9 fiscal years.

PBA net incomeFY2025C$1.69B

FY YoY: -9.1%

PBA net income was C$1.69B for fiscal 2025 (ended Dec 31, 2025), down 9.1% from fiscal 2024. It rose in 2 of the last 4 fiscal years.

PBA EPSFY2025C$2.66

FY YoY: -11.3%

PBA diluted EPS was C$2.66 for fiscal 2025 (ended Dec 31, 2025), down 11.3% from fiscal 2024.

PBA free cash flowFY2025C$2.52B

FY YoY: +11.4%
5Y CAGR: +15.5%

PBA free cash flow was C$2.52B for fiscal 2025 (ended Dec 31, 2025), up 11.4% from fiscal 2024. Compound annual growth was +15.5% over 5 years. It rose in 5 of the last 7 fiscal years. Fiscal 2025 is the highest of the 10 fiscal years on file.

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Income statement

Income statement
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue	C$7.78B	C$7.38B	C$6.33B	C$11.61B	C$8.63B	C$5.95B	C$6.37B	C$7.35B	C$5.40B	C$4.26B
Cost of revenue	C$4.79B	C$4.40B	C$3.81B	C$8.88B	C$6.13B	C$3.88B	C$4.33B	C$5.46B	C$3.97B	C$3.19B
Gross profit	C$3.19B	C$3.32B	C$2.84B	C$3.12B	C$2.65B	C$2.01B	C$2.44B	C$2.33B	C$1.47B	C$1.00B
Selling, general and admin	C$477.00M	C$444.00M	C$422.00M	C$399.00M	C$306.00M	C$246.00M	C$296.00M	C$279.00M	C$236.00M	C$195.00M
Operating income	C$2.81B	C$2.28B	C$2.65B	C$3.71B	C$2.12B	C$4.00M	C$1.83B	C$2.02B	C$1.21B	C$808.00M
Interest expense	C$602.00M	C$561.00M	C$466.00M	C$486.00M	C$450.00M	C$420.00M	C$289.00M	C$279.00M	C$185.00M	C$153.00M
Pre-tax income	C$2.21B	C$1.72B	C$2.19B	C$3.22B	C$1.67B	-C$416.00M	C$1.54B	C$1.74B	C$1.02B	C$655.00M
Income tax	C$513.00M	-C$154.00M	C$413.00M	C$248.00M	C$423.00M	-C$100.00M	C$35.00M	C$464.00M	C$142.00M	C$189.00M
Net income	C$1.69B	C$1.86B	C$1.78B	C$2.97B	C$1.24B	-C$316.00M	C$1.51B	C$411.00M	C$116.00M	C$466.00M
EPS, basic	C$2.67	C$3.00	C$3.00	C$5.14	C$2.00	-C$0.86	C$2.69	C$2.28	C$1.87	C$1.02
EPS, diluted	C$2.66	C$3.00	C$2.99	C$5.12	C$1.99	-C$0.86	C$2.68	C$2.28	C$1.86	C$1.01
Diluted shares	582.0M	574.0M	551.0M	554.0M	551.0M	550.0M	514.0M	509.0M	432.0M	389.0M

Balance sheet

Balance sheet
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Cash and equivalents	C$106.00M	C$141.00M	C$151.00M	C$107.00M	C$43.00M	C$81.00M	C$129.00M	C$157.00M	C$321.00M	C$35.00M
Receivables	C$836.00M	C$1.00B	C$852.00M	C$912.00M	C$812.00M	C$662.00M	C$694.00M	C$604.00M	C$529.00M	C$451.00M
Inventory	C$284.00M	C$301.00M	C$333.00M	C$269.00M	C$376.00M	C$221.00M	C$126.00M	C$198.00M	C$168.00M	C$181.00M
Current assets	C$1.26B	C$1.57B	C$2.63B	C$1.36B	C$1.25B	C$989.00M	C$989.00M	C$1.01B	C$1.02B	C$676.00M
Goodwill	C$4.99B	C$5.02B	C$4.55B	C$4.56B	C$4.69B	C$4.69B	C$4.70B	C$3.88B	C$3.87B	C$2.10B
Total assets	C$35.55B	C$35.97B	C$32.62B	C$31.49B	C$31.46B	C$31.42B	C$32.76B	C$26.66B	C$25.57B	C$15.02B
Current liabilities	C$2.06B	C$2.91B	C$3.22B	C$2.06B	C$2.39B	C$1.78B	C$1.45B	C$1.49B	C$1.15B	C$778.00M
Short-term debt	C$600.00M	C$1.52B	C$650.00M	C$600.00M	C$1.00B	C$600.00M	C$74.00M	C$480.00M	C$163.00M	C$6.00M
Long-term debt	C$11.07B	C$10.54B	C$9.25B	C$9.40B	C$9.64B	C$10.28B	C$10.08B	C$7.06B	C$7.30B	C$4.00B
Total debt	C$11.67B	C$12.06B	C$9.90B	C$10.01B	C$10.64B	C$10.88B	C$10.15B	C$7.54B	C$7.46B	C$4.01B
Total liabilities	C$18.78B	C$18.46B	C$16.80B	C$15.70B	C$17.09B	C$16.40B	C$15.89B	C$12.26B	C$11.72B	C$6.72B
Shareholders' equity	C$16.77B	C$17.51B	C$15.81B	C$15.79B	C$14.36B	C$15.02B	C$16.87B	C$14.51B	C$13.84B	C$8.30B

Cash flow

Cash flow
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Operating cash flow	C$3.30B	C$3.21B	C$2.63B	C$2.93B	C$2.65B	C$2.25B	C$2.53B	C$2.26B	C$1.51B	C$1.08B
Capital expenditures	C$784.00M	C$955.00M	C$606.00M	C$605.00M	C$658.00M	C$1.03B	C$1.65B	C$1.23B	C$1.84B	C$1.75B
Free cash flow	C$2.52B	C$2.26B	C$2.03B	C$2.32B	C$1.99B	C$1.22B	C$887.00M	C$1.03B	-C$326.00M	-C$668.00M
Investing cash flow	-C$1.09B	-C$3.91B	-C$789.00M	-C$154.00M	-C$1.04B	-C$1.48B	-C$3.91B	-C$1.31B	-C$3.33B	-C$2.29B
Financing cash flow	-C$2.24B	C$678.00M	-C$1.80B	-C$2.72B	-C$1.67B	-C$809.00M	C$1.35B	-C$1.13B	C$2.10B	C$1.22B
Dividends paid	-	-	-	-	-	C$1.53B	C$1.32B	C$1.25B	C$781.00M	C$351.00M
Share repurchases	-	C$0	C$50.00M	C$333.00M	C$17.00M	C$0	-	-	-	-
Stock-based compensation	C$94.00M	C$84.00M	C$72.00M	-C$45.00M	-C$32.00M	-C$45.00M	-C$50.00M	-C$32.00M	-C$22.00M	-C$20.00M
Depreciation and amortization	C$987.00M	C$862.00M	C$663.00M	C$683.00M	C$723.00M	C$700.00M	C$507.00M	C$417.00M	C$382.00M	C$293.00M

Key ratios

Key ratios
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue growth, YoY	5.3%	16.6%	-45.5%	34.6%	44.9%	-6.6%	-13.3%	36.1%	26.6%	-
Net income growth, YoY	-9.1%	5.0%	-40.2%	139.2%	-	-	266.7%	254.3%	-75.1%	-
EPS growth, YoY	-11.3%	0.3%	-41.6%	157.3%	-	-	17.5%	22.6%	84.2%	-
Gross margin	41.1%	44.9%	44.9%	26.9%	30.7%	33.7%	38.3%	31.7%	27.3%	23.5%
Operating margin	36.1%	30.9%	41.9%	31.9%	24.5%	0.1%	28.7%	27.5%	22.4%	18.9%
Net margin	21.8%	25.2%	28.1%	25.6%	14.4%	-5.3%	23.7%	5.6%	2.1%	10.9%
Free cash flow margin	32.4%	30.6%	32.0%	20.0%	23.1%	20.5%	13.9%	14.0%	-6.0%	-15.7%
Return on equity	10.1%	10.6%	11.2%	18.8%	8.6%	-2.1%	8.9%	2.8%	0.8%	5.6%
Return on assets	4.8%	5.2%	5.4%	9.4%	3.9%	-1.0%	4.6%	1.5%	0.5%	3.1%
Current ratio	0.61	0.54	0.82	0.66	0.52	0.56	0.68	0.68	0.89	0.87
Debt to equity	0.70	0.69	0.63	0.63	0.74	0.72	0.60	0.52	0.54	0.48

Source: XBRL data Pembina Pipeline Corp. files with the SEC, latest filing dated Feb 27, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.

PBA peers

Company	Revenue	Growth	Net income	Net margin	Market cap
PBA	C$7.78B	+5.3%	C$1.69B	21.8%	$28.34B
SHELShell PLC	$273.73B	-5.3%	$17.84B	6.5%	$273.51B
TTETotalEnergies SE	$201.20B	-6.2%	$13.13B	6.5%	$192.00B
PBRPetroleo Brasileiro S.A. Petrobras	$89.19B	-2.4%	$19.63B	22.0%	$118.25B
CNQCanadian Natural Resources Limited	C$38.76B	+8.7%	C$10.82B	27.9%	$98.26B
EENI S.p.A.	€82.15B	-7.5%	€2.61B	3.2%	$87.98B
EOGEOG Resources Inc.	$29.73B	+31.7%	$8.19B	27.5%	$76.96B
OXYOccidental Petroleum Corporation	$22.00B	+7.8%	$6.53B	29.7%	$55.74B
OKEONEOK Inc.	$43.19B	+36.8%	$4.07B	9.4%	$54.21B

PBA FAQ

9 questions

What is PBA revenue?
Pembina Pipeline Corp. (PBA) reported C$7.78B of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 5.3% from the year before.
Is PBA profitable?
Yes. Pembina Pipeline Corp. earned C$1.69B in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 21.8%.
How much cash and debt does PBA have?
Pembina Pipeline Corp. reported C$106.00M in cash and cash equivalents and C$11.67B of debt on its most recent balance sheet in SEC filings.
How fast is PBA revenue growing?
Pembina Pipeline Corp.'s revenue changed +5.3% in fiscal 2025, to C$7.78B. Its compound annual growth rate was +5.5% over 5 years.
What is PBA gross margin?
Pembina Pipeline Corp.'s gross profit was C$3.19B on C$7.78B of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 41.1%.
What is PBA free cash flow?
Pembina Pipeline Corp. generated C$2.52B of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of C$3.30B less capital expenditures.
What is PBA earnings per share?
Diluted earnings per share were C$2.66 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.
When did PBA last report financial results?
The latest statements here come from Pembina Pipeline Corp.'s 40-F filed on Feb 27, 2026, covering the period ended Dec 31, 2025.
Where does this PBA financial data come from?
Quantisnow builds these statements from the structured XBRL data Pembina Pipeline Corp. files with the SEC. It is provided for information only and is not investment advice.