(PBA) Pembina Pipeline - Overview
Sector: Energy | Industry: Oil & Gas Midstream | Exchange: NYSE (USA) | Market Cap: 28.828m USD | Total Return: 32.7% in 12m
Avg Turnover: 46.4M
EPS Trend: -39.9%
Qual. Beats: 2
Rev. Trend: -52.9%
Qual. Beats: 0
Warnings
Altman Z'' 1.06 < 1.0 - financial distress zone
Below Avwap Earnings
Tailwinds
Confidence
Pembina Pipeline Corporation is a Calgary-based midstream service provider operating a diversified portfolio of energy infrastructure across North America. The company manages three primary segments: Pipelines, Facilities, and Marketing & New Ventures. Its asset base includes conventional and oil sands pipelines, natural gas liquid (NGL) fractionation plants, cavern storage, and export terminals.
The midstream sector typically functions on a fee-for-service model, which helps insulate operators from direct commodity price volatility by focusing on throughput volumes. Pembina’s integrated system connects the Western Canadian Sedimentary Basin to key end-markets, providing essential gathering, processing, and transportation services for crude oil and natural gas liquids. You may find more detailed valuation metrics on ValueRay to assist in your analysis. This infrastructure-heavy business model often requires significant capital expenditure but generates long-term contractual cash flows.
- Western Canadian Sedimentary Basin production volumes drive core pipeline throughput revenue
- Natural gas liquid price spreads dictate Marketing segment profit margins
- Cedar LNG final investment decision scales long-term export infrastructure growth
- Regulatory approvals for Trans Mountain expansion impact regional competitive dynamics
- Interest rate fluctuations influence cost of capital for capital-intensive infrastructure projects
| Net Income: 1.69b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA -0.43 > 1.0 |
| NWC/Revenue: -4.54% < 20% (prev -9.87%; Δ 5.33% < -1%) |
| CFO/TA 0.08 > 3% & CFO 2.79b > Net Income 1.69b |
| Net Debt (14.4b) to EBITDA (3.69b): 3.90 < 3 |
| Current Ratio: 0.83 > 1.5 & < 3 |
| Outstanding Shares: last quarter (582.0m) vs 12m ago 0.0% < -2% |
| Gross Margin: 40.46% > 18% (prev 0.43%; Δ 4.00k% > 0.5%) |
| Asset Turnover: 21.03% > 50% (prev 22.84%; Δ -1.81% > 0%) |
| Interest Coverage Ratio: 4.44 > 6 (EBITDA TTM 3.69b / Interest Expense TTM 607.4m) |
| A: -0.01 (Total Current Assets 1.72b - Total Current Liabilities 2.06b) / Total Assets 36.3b |
| B: -0.06 (Retained Earnings -2.33b / Total Assets 36.3b) |
| C: 0.08 (EBIT TTM 2.70b / Avg Total Assets 36.0b) |
| D: 0.79 (Book Value of Equity 15.2b / Total Liabilities 19.3b) |
| Altman-Z'' = 1.06 = BB |
| DSRI: 1.33 (Receivables 1.21b/978.0m, Revenue 7.57b/8.16b) |
| GMI: 1.06 (GM 40.46% / 43.08%) |
| AQI: 1.01 (AQ_t 0.31 / AQ_t-1 0.31) |
| SGI: 0.93 (Revenue 7.57b / 8.16b) |
| TATA: -0.03 (NI 1.69b - CFO 2.79b) / TA 36.3b) |
| Beneish M = -2.77 (Cap -4..+1) = A |
As of May 28, 2026, the stock is trading at USD 47.57 with a total of 803,262 shares traded.
Over the past week, the price has changed by -4.00%,
over one month by +9.76%,
over three months by +9.40% and
over the past year by +32.72%.
Pembina Pipeline has received a consensus analysts rating of 4.17. Therefore, it is recommended to buy PBA.
- StrongBuy: 8
- Buy: 5
- Hold: 5
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 41.7 | -12.3% |
Market Cap CAD = 39.8b (28.8b USD * 1.3805 USD.CAD)
P/E Trailing = 25.6891
P/E Forward = 22.779
P/S = 3.7921
P/B = 2.6124
P/EG = 2.8349
Revenue TTM = 7.57b CAD
EBIT TTM = 2.70b CAD
EBITDA TTM = 3.69b CAD
Long Term Debt = 12.7b CAD (from longTermDebt, last quarter)
Short Term Debt = 682.8m CAD (from shortTermDebt, last quarter)
Debt = 14.6b CAD (from shortLongTermDebtTotal, last quarter) + Leases 607.0m
Net Debt = 14.4b CAD (calculated: Debt 14.6b - CCE 173.4m)
Enterprise Value = 54.2b CAD (39.8b + Debt 14.6b - CCE 173.4m)
Interest Coverage Ratio = 4.44 (Ebit TTM 2.70b / Interest Expense TTM 607.4m)
EV/FCF = 27.43x (Enterprise Value 54.2b / FCF TTM 1.98b)
FCF Yield = 3.65% (FCF TTM 1.98b / Enterprise Value 54.2b)
FCF Margin = 26.10% (FCF TTM 1.98b / Revenue TTM 7.57b)
Net Margin = 22.35% (Net Income TTM 1.69b / Revenue TTM 7.57b)
Gross Margin = 40.46% ((Revenue TTM 7.57b - Cost of Revenue TTM 4.51b) / Revenue TTM)
Gross Margin QoQ = 38.48% (prev 43.23%)
Tobins Q-Ratio = 1.49 (Enterprise Value 54.2b / Total Assets 36.3b)
Interest Expense / Debt = 4.17% (Interest Expense 607.4m / Debt 14.6b)
Taxrate = 21.08% (133.3m / 632.6m)
NOPAT = 2.13b (EBIT 2.70b * (1 - 21.08%))
Current Ratio = 0.83 (Total Current Assets 1.72b / Total Current Liabilities 2.06b)
Debt / Equity = 0.86 (Debt 14.6b / totalStockholderEquity, last quarter 16.9b)
Debt / EBITDA = 3.90 (Net Debt 14.4b / EBITDA 3.69b)
Debt / FCF = 7.28 (Net Debt 14.4b / FCF TTM 1.98b)
Total Stockholder Equity = 16.9b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.70% (Net Income 1.69b / Total Assets 36.3b)
RoE = 8.78% (Net Income TTM 1.69b / Total Stockholder Equity 19.3b)
RoCE = 8.44% (EBIT 2.70b / Capital Employed (Equity 19.3b + L.T.Debt 12.7b))
RoIC = 6.12% (NOPAT 2.13b / Invested Capital 34.8b)
WACC = 5.41% (E(39.8b)/V(54.4b) * Re(6.19%) + D(14.6b)/V(54.4b) * Rd(4.17%) * (1-Tc(0.21)))
Discount Rate = 6.19% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 71.58 | Cagr: 2.46%
[DCF] Terminal Value 74.61% ; FCFF base≈2.02b ; Y1≈1.93b ; Y5≈1.85b
[DCF] Fair Price = 25.32 (EV 29.1b - Net Debt 14.4b = Equity 14.7b / Shares 581.4m; r=8.35% [WACC [floored]]; 5y FCF grow -5.88% → 2.50% )
EPS Correlation: -39.90 | EPS CAGR: -7.88% | SUE: 1.07 | # QB: 2
Revenue Correlation: -52.89 | Revenue CAGR: -2.17% | SUE: 0.60 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.74 | Chg30d=+10.28% | Revisions=+33% | Analysts=4
EPS next Quarter (2026-09-30): EPS=0.69 | Chg30d=+11.13% | Revisions=+33% | Analysts=4
EPS current Year (2026-12-31): EPS=3.01 | Chg30d=+7.92% | Revisions=+56% | GrowthEPS=+17.0% | GrowthRev=+11.9%
EPS next Year (2027-12-31): EPS=3.10 | Chg30d=+3.37% | Revisions=+33% | GrowthEPS=+3.3% | GrowthRev=+0.6%
[Analyst] Revisions Ratio: +56%