Pembina Pipeline Corporation (PBA) AI Stock Analysis

Pembina Pipeline Corporation provides transportation and midstream services to the energy sector through three segments: Pipelines, Facilities, and Marketing & New Ventures. Its Pipelines division operates conventional, oil sands, heavy oil, and transmission assets with a transportation capacity of 3.1 million barrels of oil equivalent per day, 11 million barrels of ground storage, and rail terminalling capacity of approximately 105 thousand barrels of oil equivalent per day. The Facilities segment delivers natural gas, condensate, and NGL infrastructure, including 354 thousand barrels per day of NGL fractionation capacity and 21 million barrels of cavern storage. Marketing & New Ventures handles the commercial purchase and sale of hydrocarbon liquids and natural gas.

Pembina's revenue grew at a 5-year CAGR of 5.5% from FY2020 through FY2025. Annual top-line performance fluctuated, rising 44.9% to $8.63B in FY2021 and 34.6% to $11.61B in FY2022, before declining 45.5% to $6.33B in FY2023. Revenue subsequently rebounded to $7.38B in FY2024 and reached $7.78B in FY2025, where net income stood at $1.69B. In the trailing twelve months ending June 30, 2026, revenue totaled $7.96B with a profit margin of 22.4% and diluted EPS of $2.05. For the latest quarter ended June 30, 2026, quarterly revenue grew 20.1% year-over-year while quarterly earnings expanded 26.2%.

As of June 30, 2026, Pembina held $153.1M in cash and short-term investments against $13.81B in total debt, leading to net debt of $13.66B. Total assets were $36.26B and shareholders' equity was $17.07B, translating to a debt-to-equity ratio of 0.81 and a current ratio of 0.62. In FY2025, the company generated $3.30B in operating cash flow and $2.52B in free cash flow. Cash deployment in FY2025 included $784.0M in capital expenditures, $1.77B paid in dividends, and $451.0M deployed toward share buybacks.

At $50.10 per share, Pembina trades at a trailing P/E of 24.4x and a forward P/E of 20.4x, higher than the median of its US-listed Energy peers of 15.0x and 12.7x, respectively. Its enterprise value stands at $37.64B, with an EV/EBITDA of 13.5x compared to the peer median of 8.0x, and a price-to-sales multiple of 3.7x versus the peer median of 1.8x. PBA has outpaced the broader market over the past year, gaining 38.4% over 12 months compared to a 16.8% return for the S&P 500.

Pembina has paid dividends for 17 consecutive years. The forward annual dividend is $2.07 per share, which equates to a dividend yield of 4.14% based on the $50.10 closing price. The company distributes dividends on a quarterly schedule, with an annualized 5-year dividend growth rate of 1.4% and an earnings payout ratio of 89.3%. The most recent ex-dividend date occurred on September 15, 2026.

Wall Street coverage includes 6 Strong Buy, 6 Buy, and 7 Hold ratings, with 0 Sell or Strong Sell ratings. The mean price target is $47.10, representing a 6.0% decrease from the closing price of $50.10 on October 16, 2026. For the fiscal year ending December 31, 2026, analysts estimate EPS of $3.12 and revenue of $8.67B. Pembina has beaten EPS estimates in 2 of the last 4 quarters, and its next earnings date is scheduled for November 5, 2026.

This page is an AI-written research summary of Pembina Pipeline Corporation (PBA). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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