Pembina Pipeline Corp (PPLAF) balance sheet

PPLAFOTCOil & Gas Field Exploration ServicesFiscal year ends December 31Also trades as PBA, PBNAF, PBPRF, PMBPF, PMMBF, PPLOF

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 40-F on Feb 27, 2026Score 3/30

$18.60+0.00 (0.00%)

Close on Oct 19, 2026Market cap $28.70BP/E 25.9Yield –

Pembina Pipeline Corp balance sheet

Annual Quarterly

CAD USD

Millions of USD, except per-share data. Shares in millions.

Line item	Q4 2025 2025-12-31	Q4 2024 2024-12-31	Q4 2023 2023-12-31	Q4 2022 2022-12-31	Q4 2021 2021-12-31	Q4 2020 2020-12-31	Q4 2019 2019-12-31	Q4 2018 2018-12-31	Q4 2017 2017-12-31
Cash & Equivalents	77	98	114	79	34	64	100	115	256
Cash & Short-Term Investments	77	98	114	79	34	64	100	115	256
Receivables	610	698	645	674	636	519	535	443	423
Inventory	207	209	252	199	294	173	97	145	134
Total Current Assets	918	1,092	1,994	1,007	974	776	763	743	816
Property, Plant & Equipment	16,445	15,790	11,966	11,468	14,239	14,545	14,166	10,560	10,822
Operating Lease Right-of-Use Assets	384	368	396	383	455	510	533	313	–
Goodwill	3,638	3,489	3,447	3,368	3,673	3,681	3,625	2,842	3,093
Intangible Assets	–	–	–	–	–	–	1,346	389	673
Deferred Tax Assets	–	0	216	193	201	252	0	0	0
Other Long-Term Assets	130	75	55	40	22	39	116	125	10
Total Assets	25,930	24,977	24,707	23,269	24,619	24,634	25,270	19,650	20,425
Accounts Payable	963	835	874	936	832	612	775	583	541
Current Portion of Long-Term Debt	438	1,059	492	443	783	470	57	352	130
Current Debt	438	1,059	492	443	783	470	57	346	130
Current Portion of Leases	61	62	58	58	69	78	86	47	–
Current Income Taxes Payable	–	–	14	0	0	44	79	49	2.40
Total Current Liabilities	1,506	2,019	2,440	1,521	1,871	1,397	1,118	1,128	919
Long-Term Debt	8,070	7,316	7,009	6,950	7,549	8,058	7,775	5,164	5,832
Long-Term Leases	393	400	429	440	497	529	545	305	–
Operating Lease Liabilities	454	462	488	499	566	607	632	352	–
Deferred Tax Liabilities	2,157	1,992	1,987	1,853	2,357	2,294	2,272	2,062	1,898
Other Long-Term Liabilities	127	127	63	103	146	130	138	145	121
Total Liabilities	13,699	12,817	12,729	11,601	13,378	12,861	12,257	9,016	9,367
Total Debt	8,508	8,375	7,501	7,394	8,331	8,528	7,832	5,510	5,962
Retained Earnings	–	–	–	–	–	–	-1,377	-1,431	-1,664
Shareholders' Equity	–	–	11,978	11,624	11,194	11,727	12,967	10,590	11,010
Noncontrolling Interest	–	–	0	44	47	47	46	44	48
Total Equity	12,231	12,160	11,978	11,668	11,241	11,774	13,013	10,634	11,058
Total Liabilities & Equity	25,930	24,977	24,707	23,269	24,619	24,634	25,270	19,650	20,425

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Dec 31, 2025

Profitability, FY2025

Gross margin: 41.1%
Operating margin: 36.1%
Net margin: 21.8%
Return on equity, FY2025: –

Financial strength

Current ratio: 0.61
Debt to equity: –
Debt to assets: 32.8%
Cash to current liabilities: 5.1%

Valuation

P/E ratio: 25.9
Price to sales: 5.15
Price to book: –
Dividend yield: –

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