Pembina Pipeline remains a low-risk, dividend-focused investment with reaffirmed 2025 EBITDA guidance and improved growth visibility from major projects. PBA's near-term softness in Q3 is offset by strong nine-month results, robust free cash flow, and ongoing developments in pipelines, LNG, and data center-related infrastructure. Solid dividends with a competitive yield, supporting a Buy rating with a 23.7% upside potential.
PBA expects 2025 adjusted EBITDA in the range of C$4.25 billion to C$4.35 billion compared with the previous guidance of C$4.23 billion to C$4.43 billion.
Pembina Pipeline (PBA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
| Oil, Gas & Consumable Fuels Industry | Energy Sector | J. Scott Burrows CEO | XBER Exchange | CA7063271034 ISIN |
| CA Country | 2,997 Employees | 15 Dec 2025 Last Dividend | - Last Split | - IPO Date |
Pembina Pipeline Corporation is a significant player in the energy sector, offering transportation and midstream services. Founded in 1954 and headquartered in Calgary, Canada, the company plays a crucial role in the North American energy infrastructure landscape. Pembina operates through three primary segments: Pipelines, Facilities, and Marketing & New Ventures, each catering to different aspects of the energy supply chain. The company boasts extensive pipeline networks, storage capabilities, and marketing operations, making it vital for the transportation and processing of oil, natural gas, and natural gas liquids (NGLs) across the continent.
This segment includes conventional, oil sands and heavy oil, and transmission assets, which are essential for the transportation of 3.1 million barrels of oil equivalent per day. The segment also features ground storage facilities capable of holding 11 million barrels and a rail terminalling capacity of about 105,000 barrels of oil equivalent per day. These assets are strategically deployed across North America to ensure efficient delivery of energy products to markets and basins.
Offering vital infrastructure for the processing and handling of natural gas, condensate, and NGLs, including ethane, propane, butane, and condensate. The Facilities segment boasts 354,000 barrels per day of NGL fractionation capacity, 21 million barrels of cavern storage capacity, and comprehensive pipeline and rail terminalling facilities. These operations are designed to meet the needs of customers requiring processing services or storage solutions.
In this segment, Pembina engages in the buying and selling of hydrocarbon liquids and natural gas coming from the Western Canadian sedimentary basin and other regions. This activity not only leverages the company's network and facilities for optimization and profit but also enables the exploration of new ventures and opportunities in the energy market, aligning with the company’s growth and diversification strategies.