Pembina Pipeline Corp.

PBA Energy Oil & Gas Midstream

Pembina Pipeline Corp.’s revenue for fiscal 2025 (year ended December 2025) was $5.7 billion, up 6.08% from fiscal 2024.

Revenue
+20.0%
EPS
+27.7%
Free cash flow
+8.94%
Total debt
+3.64%

Quarter to June 2026, against a year earlier

47.81 0.92 −1.89%
Market cap
$27.7B
P/E
23.3×
Fwd P/E
23.2×
Dividend yield
4.38%
F-score
5/9
Altman Z
1.35
Beneish M
−2.85
Dividend safety
28/100

Pembina Pipeline Corp. (PBA) Gross margin

Alert me on Gross margin

Pembina Pipeline Corp.'s gross margin over the twelve months to 30 June 2026 was 41.0%, up 1.0 percentage points from fiscal 2025 (40.0%). Over the past ten years it has ranged from 18.6% (fiscal 2015) to 44.9% (fiscal 2024); the current reading is higher than 91% of that period. That is below the Oil & Gas Midstream industry median of 54.9% and in line with the Energy sector median of 42.1%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 40.0% (4.93)
FY2024 44.9% 13.79
FY2023 31.1% 5.09
FY2022 26.0% (4.65)
FY2021 30.7% (1.70)
FY2020 32.4% 0.45
FY2019 31.9% 2.04
FY2018 29.9% 4.30
FY2017 25.6% 1.72
FY2016 23.9% 5.32

Quarterly newest first

Period Gross margin Change (points)
Jun 2026 43.4% (0.75)
Mar 2026 44.1% 5.10
Dec 2025 39.0% 2.27
Sep 2025 36.7% (6.79)
42 more quarters

Against its own ten years

Low 18.6% High 44.9%
Ten-year median 30.7%
Current reading's percentile 90

Gross margin against peers

Company Gross margin
VNOM Viper Energy Inc. compare 100.0%
WES Western Midstream Partners, LP compare 91.0%
MPLX MPLX LP compare 57.6%
VG Venture Global, Inc. compare 53.5%
CQP Cheniere Energy Partners, L.P. compare 41.1%
PBA Pembina Pipeline Corp. 41.0%
OKE ONEOK, Inc. compare 25.2%
PAA Plains All American Pipeline, L.P. compare 5.55%
PAGP Plains Group Holdings, L.P. compare 5.55%
Oil & Gas Midstream industry median 54.9%
Energy sector median 42.1%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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