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) Operating margin

Alert me on Operating margin

Pembina Pipeline Corp.'s operating margin over the twelve months to 30 June 2026 was 35.8%, up 0.7 percentage points from fiscal 2025 (35.2%). Over the past ten years it has ranged from 0.06% (fiscal 2020) to 35.2% (fiscal 2025) — the current reading is the highest in ten years. That is in line with the Oil & Gas Midstream industry median of 34.7% and above the Energy sector median of 15.2%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 35.2% 4.28
FY2024 30.9% 1.79
FY2023 29.1% (1.78)
FY2022 30.9% 6.36
FY2021 24.5% 24.46
FY2020 0.06% (27.79)
FY2019 27.9% 1.89
FY2018 26.0% 5.31
FY2017 20.7% 1.41
FY2016 19.2% 4.57

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 37.5% 0.13
Mar 2026 37.3% 0.33
Dec 2025 37.0% 6.23
Sep 2025 30.8% (7.41)
42 more quarters

Against its own ten years

Low 0.06% High 35.2%
Ten-year median 26.0%
Current reading's percentile 93

Operating margin against peers

Company Operating margin
MPLX MPLX LP compare 42.0%
WES Western Midstream Partners, LP compare 38.5%
VG Venture Global, Inc. compare 37.6%
VNOM Viper Energy Inc. compare 36.2%
PBA Pembina Pipeline Corp. 35.8%
CQP Cheniere Energy Partners, L.P. compare 34.2%
OKE ONEOK, Inc. compare 14.2%
PAA Plains All American Pipeline, L.P. compare 3.14%
PAGP Plains Group Holdings, L.P. compare 3.13%
Oil & Gas Midstream industry median 34.7%
Energy sector median 15.2%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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