PBANYSEOil & Gas Field Exploration ServicesFiscal year ends December 31Also trades as PBNAF, PBPRF, PMBPF, PMMBF, PPLAF, PPLOF
PEMBINA PIPELINE CORP
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 40-F on Feb 27, 2026
$49.82−0.28 (-0.56%)
Close on Oct 19, 2026
PEMBINA PIPELINE CORP revenue by segment
By business segment
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Marketing & New Ventures | C$4.06B | C$3.80B | C$3.29B | C$8.47B | C$5.58B | C$2.96B | C$3.95B | C$5.18B | C$3.53B | 52.2% | +6.9% |
| Pipelines | C$3.32B | C$3.19B | C$2.54B | C$2.34B | C$2.12B | C$2.11B | C$1.65B | C$1.46B | C$1.07B | 42.6% | +4.1% |
| Facilities | C$357.00M | C$358.00M | C$449.00M | C$798.00M | C$927.00M | C$892.00M | C$776.00M | C$712.00M | C$800.00M | 4.6% | -0.3% |
| Corporate | C$46.00M | C$45.00M | C$47.00M | C$0 | – | – | – | – | – | 0.6% | +2.2% |
| Conventional Pipelines | – | – | – | – | – | – | – | – | C$884.00M | – | – |
| Gas Services | – | – | – | – | – | – | – | – | C$378.00M | – | – |
| Midstream | – | – | – | – | – | – | – | – | C$4.03B | – | – |
| Oil Sands & Heavy Oil | – | – | – | – | – | – | – | – | C$210.00M | – | – |
| Veresen | – | – | – | – | – | – | – | – | C$15.00M | – | – |
| Operating income | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | YoY |
|---|---|---|---|---|---|---|---|---|---|---|
| Pipelines | C$1.97B | C$1.93B | C$1.87B | C$1.44B | C$946.00M | C$159.00M | C$1.05B | C$1.23B | C$669.00M | +1.8% |
| Facilities | C$575.00M | C$676.00M | C$619.00M | C$1.82B | C$750.00M | C$666.00M | C$644.00M | C$552.00M | C$395.00M | -14.9% |
| Marketing & New Ventures | C$465.00M | C$578.00M | C$439.00M | C$735.00M | C$383.00M | -C$659.00M | C$368.00M | C$431.00M | C$333.00M | -19.6% |
| Conventional Pipelines | – | – | – | – | – | – | – | – | C$492.00M | – |
| Gas Services | – | – | – | – | – | – | – | – | C$205.00M | – |
| Midstream | – | – | – | – | – | – | – | – | C$478.00M | – |
| Oil Sands & Heavy Oil | – | – | – | – | – | – | – | – | C$122.00M | – |
| Veresen | – | – | – | – | – | – | – | – | C$108.00M | – |
By product or service
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Product sales | C$3.79B | C$3.57B | C$2.95B | C$8.47B | – | – | – | – | – | 48.7% | +6.1% |
| Take-or-pay | C$2.77B | C$2.64B | C$2.09B | C$2.36B | C$2.40B | C$2.40B | C$1.83B | C$1.56B | C$1.22B | 35.7% | +5.2% |
| Fee-for-service | C$773.00M | C$735.00M | C$672.00M | C$595.00M | – | – | – | – | – | 9.9% | +5.2% |
| Product Sales | – | – | – | C$8.47B | C$5.58B | C$2.96B | C$3.95B | C$5.19B | C$3.74B | – | – |
| Fee-for-Service | – | – | – | C$595.00M | C$486.00M | C$412.00M | C$504.00M | C$527.00M | C$384.00M | – | – |
By region
From the segment and revenue-disaggregation notes of Pembina Pipeline's 10-K and 10-Q filings (XBRL). Fourth-quarter figures are the fiscal year less the first nine months. Segment names follow the company's own labels and can change when it reorganizes.