Pembina Pipeline Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Pembina Pipeline Corp reported revenue of $7.8B (+5.3% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Revenue (Note 18) | $7.8B | $7.4B | $9.1B | $11.6B |
| Cost of sales (Note 5) | $4.8B | $4.4B | $6.6B | $8.9B |
| Share of profit from equity accounted investees (Note 10) | $209.0M | $328.0M | $316.0M | $361.0M |
| Gross profit | $3.2B | $3.3B | $2.8B | $3.1B |
| General and administrative | $477.0M | $444.0M | $422.0M | $399.0M |
| Other expense (income) | $20.0M | ($25.0M) | ($6.0M) | $129.0M |
| Gain on disposal of assets | ($113.0M) | — | — | — |
| Loss on acquisition | $0 | $616.0M | $0 | ($1.1B) |
| Results from operating activities | $2.8B | $2.3B | $2.7B | $3.7B |
| Net finance costs (Note 19) | $602.0M | $561.0M | $466.0M | $486.0M |
| Earnings before income tax | $2.2B | $1.7B | $2.2B | $3.2B |
| Current tax expense | $432.0M | $261.0M | $325.0M | $227.0M |
| Deferred tax expense | $81.0M | ($415.0M) | $88.0M | $21.0M |
| Income tax expense | $513.0M | ($154.0M) | $413.0M | $248.0M |
| Earnings | $1.7B | $1.9B | $1.8B | $3.0B |
| Shareholders | $1.7B | $1.9B | — | — |
| Exchange gain (loss) on translation of foreign operations | ($272.0M) | $436.0M | ($106.0M) | $295.0M |
| Impact of hedging activities | $6.0M | ($37.0M) | ($3.0M) | $3.0M |
| Re-measurement of defined benefit asset or liability (Note 20) | $32.0M | $21.0M | ($11.0M) | $15.0M |
| Other comprehensive income (loss), net of tax | ($234.0M) | $420.0M | ($120.0M) | — |
| Total comprehensive income | $1.5B | $2.3B | $1.7B | $3.3B |
| Shareholders | $1.5B | $2.3B | — | — |
| Non-controlling interest | $0 | $10.0M | — | — |
| Earnings attributable to common shareholders, net of preferred share dividends | $1.6B | $1.7B | $1.6B | $2.8B |
| Earnings per common share - basic (in CAD per share) | $2.67 | $3.00 | $3.00 | $5.14 |
| Earnings per common share - diluted (in CAD per share) | $2.66 | $3.00 | $2.99 | $5.12 |
| Basic (in shares) | 581.0M | 573.0M | 550.0M | 553.0M |
| Diluted (in shares) | 582.0M | 574.0M | 551.0M | 554.0M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $106.0M | $141.0M | $137.0M | $94.0M |
| Trade receivables and other (Note 6) | $836.0M | $1.0B | $852.0M | $912.0M |
| Income tax receivable | $19.0M | $113.0M | — | — |
| Inventory (Note 7) | $284.0M | $301.0M | $333.0M | $269.0M |
| Derivative financial instruments (Note 23) | $14.0M | $13.0M | $55.0M | $87.0M |
| Current assets | $1.3B | $1.6B | $2.6B | $1.4B |
| Property, plant and equipment (Note 8) | $22.6B | $22.7B | $15.8B | $15.5B |
| Intangible assets and goodwill (Note 9) | $6.3B | $6.5B | $6.1B | $6.1B |
| Investments in equity accounted investees (Note 10) | $4.3B | $4.3B | $7.0B | $7.4B |
| Right-of-use assets (Note 13) | $526.0M | $530.0M | $523.0M | $518.0M |
| Finance lease receivables (Note 13) | $239.0M | $223.0M | $230.0M | $219.0M |
| Derivative financial instruments (Note 23) | $114.0M | $0 | $25.0M | $42.0M |
| Other assets | $178.0M | $108.0M | $72.0M | $54.0M |
| Non-current assets | $34.3B | $34.4B | $30.0B | $30.1B |
| Total assets | $35.6B | $36.0B | $32.6B | $31.5B |
| Trade payables and other (Note 12) | $1.3B | $1.2B | $1.1B | $1.3B |
| Loans and borrowings (Note 14) | $600.0M | $1.5B | $650.0M | $600.0M |
| Lease liabilities | $83.0M | $89.0M | $77.0M | $79.0M |
| Contract liabilities (Note 18) | $39.0M | $43.0M | $33.0M | $56.0M |
| Derivative financial instruments (Note 23) | $22.0M | $49.0M | $26.0M | $57.0M |
| Current liabilities | $2.1B | $2.9B | $3.2B | $2.0B |
| Loans and borrowings (Note 14) | $11.1B | $10.5B | $9.3B | $9.4B |
| Subordinated hybrid notes (Note 14) | $1.0B | $596.0M | $596.0M | $595.0M |
| Lease liabilities | $539.0M | $576.0M | $567.0M | $596.0M |
| Decommissioning provision (Note 15) | $540.0M | $426.0M | $336.0M | $259.0M |
| Contract liabilities (Note 18) | $305.0M | $255.0M | $126.0M | $138.0M |
| Deferred tax liabilities (Note 11) | $3.0B | $2.9B | $2.6B | $2.5B |
| Derivative financial instruments (Note 23) | $116.0M | $110.0M | — | — |
| Other liabilities | $174.0M | $183.0M | $83.0M | $140.0M |
| Non-current liabilities | $16.7B | $15.5B | $13.6B | $13.6B |
| Total liabilities | $18.8B | $18.5B | $16.8B | $15.7B |
| Total equity | $16.8B | $17.5B | $15.8B | $15.8B |
| Total liabilities and equity | $35.6B | $36.0B | $32.6B | $31.5B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Earnings attributable to common shareholders | $1.7B | $1.9B | $1.8B | $3.0B |
| Share of profit from equity accounted investees (Note 10) | ($209.0M) | ($328.0M) | ($316.0M) | ($361.0M) |
| Depreciation and amortization | $987.0M | $862.0M | $663.0M | $683.0M |
| Loss on acquisition | $0 | $616.0M | — | — |
| Unrealized loss from derivative instruments (Note 23) | $37.0M | $170.0M | — | — |
| Net finance costs (Note 19) | $602.0M | $561.0M | $466.0M | $486.0M |
| Share-based compensation expense (Note 21) | $94.0M | $84.0M | $72.0M | ($45.0M) |
| Income tax expense (recovery) (Note 11) | $513.0M | ($154.0M) | $413.0M | $248.0M |
| Gain on asset disposal | ($113.0M) | ($27.0M) | ($20.0M) | — |
| Derecognition of insurance contract provision | $0 | ($34.0M) | — | — |
| Distributions from equity accounted investees (Note 10) | $544.0M | $626.0M | $819.0M | $673.0M |
| Net interest paid (Note 19) | ($583.0M) | ($502.0M) | ($447.0M) | ($447.0M) |
| Share-based compensation payment | ($89.0M) | ($91.0M) | ($77.0M) | — |
| Taxes paid | ($346.0M) | ($404.0M) | ($236.0M) | ($334.0M) |
| Change in non-cash operating working capital | $221.0M | ($43.0M) | ($210.0M) | $177.0M |
| Net change in contract liabilities (Note 18) | ($24.0M) | ($3.0M) | ($33.0M) | — |
| Other | ($27.0M) | $7.0M | ($36.0M) | ($5.0M) |
| Cash flow from operating activities | $3.3B | $3.2B | $2.6B | $2.9B |
| Net increase (decrease) in bank borrowings (Note 14) | $191.0M | ($274.0M) | $14.0M | $339.0M |
| Proceeds from issuance of long-term debt, net of issue costs (Note 14) | $1.0B | $2.7B | $490.0M | $0 |
| Proceeds from subscription receipts (Note 16) | $0 | $1.2B | — | — |
| Repayment of long-term debt | ($1.2B) | ($1.0B) | ($600.0M) | ($1.0B) |
| Repayment of lease liability | ($84.0M) | ($78.0M) | ($76.0M) | ($85.0M) |
| Issuance of common shares on exercise of options | 6.0M | 11.0M | 1.0M | 310.0M |
| Redemption of preferred shares (Note 16) | -451.0M | — | 0 | -300.0M |
| Dividends paid | ($1.8B) | ($1.7B) | ($1.6B) | ($1.7B) |
| Distributions to non-controlling interest | $0 | ($12.0M) | — | — |
| Purchase of non-controlling interest | $0 | ($220.0M) | — | — |
| Cash flow (used in) from financing activities | ($2.2B) | $678.0M | ($1.8B) | ($2.7B) |
| Capital expenditures | ($784.0M) | ($955.0M) | ($606.0M) | ($605.0M) |
| Contributions to equity accounted investees (Note 10) | ($410.0M) | ($371.0M) | ($265.0M) | ($95.0M) |
| Acquisition | $0 | ($2.6B) | — | $0 |
| Proceeds from sale of assets | $139.0M | $38.0M | $17.0M | $31.0M |
| Interest paid during construction (Note 19) | ($28.0M) | ($26.0M) | ($15.0M) | ($21.0M) |
| Advances to related parties (Note 26) | ($27.0M) | — | — | — |
| Return of capital from equity accounted investees (Note 10) | $0 | $63.0M | $61.0M | — |
| Changes in non-cash investing working capital and other | $20.0M | ($42.0M) | $36.0M | ($86.0M) |
| Cash flow used in investing activities | ($1.1B) | ($3.9B) | ($789.0M) | ($154.0M) |
| Change in cash and cash equivalents | ($32.0M) | ($21.0M) | $46.0M | $55.0M |
| Effect of movement in exchange rates on cash held | ($3.0M) | $11.0M | ($2.0M) | $9.0M |
| Cash and cash equivalents, beginning of period | $141.0M | $151.0M | $107.0M | $43.0M |
| Cash and cash equivalents, end of period | $106.0M | $141.0M | $151.0M | $107.0M |
Pembina Pipeline Corp score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.