(PBA) Pembina Pipeline - Overview

Sector: Energy | Industry: Oil & Gas Midstream | Exchange: NYSE (USA) | Market Cap: 26.556m USD | Total Return: 13.7% in 12m

Stock Oil Transport, Gas Processing, Hydrocarbon Marketing
Total Rating 51
Risk 64
Buy Signal -0.20
Oil & Gas Midstream -2.2
Oil & Gas Storage & Transportation -0.9
Market Cap: 26,556m
Avg Trading Vol: 65.5M USD
ATR: 1.77%
Peers RS (IBD): 17.0
Risk 5d forecast
Volatility18.0%
Rel. Tail Risk-2.71%
Reward TTM
Sharpe Ratio0.67
Alpha10.82
Character TTM
Beta0.205
Beta Downside0.319
Drawdowns 3y
Max DD17.92%
CAGR/Max DD0.96
EPS (Earnings per Share) EPS (Earnings per Share) of PBA over the last years for every Quarter: "2021-03": 0.51, "2021-06": 0.39, "2021-09": 1.01, "2021-12": 0.08, "2022-03": 0.81, "2022-06": 0.69, "2022-09": 3.23, "2022-12": 0.39, "2023-03": 0.61, "2023-06": 0.6, "2023-09": 0.57, "2023-12": 1.21, "2024-03": 0.73, "2024-06": 0.75, "2024-09": 0.43, "2024-12": 1.006, "2025-03": 0.7946, "2025-06": 0.65, "2025-09": 0.43, "2025-12": 0.7558,
EPS CAGR: -1.83%
EPS Trend: -23.0%
Last SUE: 1.22
Qual. Beats: 1
Revenue Revenue of PBA over the last years for every Quarter: 2021-03: 2016, 2021-06: 1902, 2021-09: 2149, 2021-12: 2560, 2022-03: 3123, 2022-06: 3095, 2022-09: 2779, 2022-12: 2699, 2023-03: 1700, 2023-06: 1422, 2023-09: 2292, 2023-12: 2466, 2024-03: 1691, 2024-06: 1855, 2024-09: 1844, 2024-12: 2145, 2025-03: 2312, 2025-06: 1792, 2025-09: 1791, 2025-12: 1913,
Rev. CAGR: -12.25%
Rev. Trend: -55.1%
Last SUE: -0.42
Qual. Beats: 0
Description: PBA Pembina Pipeline

Pembina Pipeline Corporation (PBA) is an energy transportation and midstream service provider based in Calgary, Canada, incorporated in 1954.

The company operates through three segments. The Pipelines segment focuses on transporting crude oil, oil sands products, and heavy oil, with a significant capacity across North America. This segment is characteristic of the midstream sector, which connects upstream production to downstream refining and processing.

The Facilities segment provides infrastructure for processing and storing crude oil, natural gas, and natural gas liquids (NGLs) like ethane, propane, and butane. Midstream companies often invest heavily in such infrastructure due to the capital-intensive nature of the business.

The Marketing & New Ventures segment engages in the buying and selling of hydrocarbon liquids and natural gas, primarily from the Western Canadian sedimentary basin. This segment adds a trading component to the companys otherwise asset-heavy business model.

For more detailed financial analysis, consider exploring ValueRays comprehensive reports.

Headlines to Watch Out For
  • Crude oil and natural gas prices impact pipeline throughput
  • Regulatory approvals affect new pipeline project development
  • Industrial demand for NGLs drives facilities utilization
  • Canadian energy policy shifts influence investment decisions
  • Interest rate changes impact financing costs for infrastructure
Piotroski VR‑10 (Strict, 0-10) 5.0
Net Income: 1.69b TTM > 0 and > 6% of Revenue
FCF/TA: 0.06 > 0.02 and ΔFCF/TA 1.39 > 1.0
NWC/Revenue: -10.32% < 20% (prev -17.72%; Δ 7.39% < -1%)
CFO/TA 0.09 > 3% & CFO 3.04b > Net Income 1.69b
Net Debt (13.20b) to EBITDA (3.76b): 3.51 < 3
Current Ratio: 0.61 > 1.5 & < 3
Outstanding Shares: last quarter (582.0m) vs 12m ago 0.0% < -2%
Gross Margin: 39.55% > 18% (prev 0.44%; Δ 3.91k% > 0.5%)
Asset Turnover: 21.83% > 50% (prev 20.95%; Δ 0.88% > 0%)
Interest Coverage Ratio: 4.76 > 6 (EBITDA TTM 3.76b / Interest Expense TTM 586.5m)
Altman Z'' 0.96
A: -0.02 (Total Current Assets 1.26b - Total Current Liabilities 2.06b) / Total Assets 35.55b
B: -0.07 (Retained Earnings -2.38b / Total Assets 35.55b)
C: 0.08 (EBIT TTM 2.79b / Avg Total Assets 35.76b)
D: 0.77 (Book Value of Equity 14.39b / Total Liabilities 18.78b)
Altman-Z'' Score: 0.96 = BB
Beneish M -3.13
DSRI: 0.74 (Receivables 836.0m/1.08b, Revenue 7.81b/7.54b)
GMI: 1.11 (GM 39.55% / 44.01%)
AQI: 1.02 (AQ_t 0.32 / AQ_t-1 0.31)
SGI: 1.04 (Revenue 7.81b / 7.54b)
TATA: -0.04 (NI 1.69b - CFO 3.04b) / TA 35.55b)
Beneish M-Score: -3.13 (Cap -4..+1) = AA
What is the price of PBA shares? As of April 02, 2026, the stock is trading at USD 44.76 with a total of 1,707,201 shares traded.
Over the past week, the price has changed by -4.10%, over one month by -1.62%, over three months by +14.76% and over the past year by +13.68%.
Is PBA a buy, sell or hold? 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
What are the forecasts/targets for the PBA price?
ISSUER TARGET UP/DOWN
Wallstreet Target Price 40.4 -9.8%
Analysts Target Price 40.4 -9.8%
PBA Fundamental Data Overview as of 28 March 2026
Market Cap CAD = 36.99b (26.56b USD * 1.393 USD.CAD)
P/E Trailing = 23.6736
P/E Forward = 21.4592
P/S = 3.4143
P/B = 2.3881
P/EG = 2.3484
Revenue TTM = 7.81b CAD
EBIT TTM = 2.79b CAD
EBITDA TTM = 3.76b CAD
Long Term Debt = 12.09b CAD (from longTermDebt, last quarter)
Short Term Debt = 683.0m CAD (from shortTermDebt, last quarter)
Debt = 13.31b CAD (from shortLongTermDebtTotal, last quarter)
Net Debt = 13.20b CAD (from netDebt column, last quarter)
Enterprise Value = 50.20b CAD (36.99b + Debt 13.31b - CCE 106.0m)
Interest Coverage Ratio = 4.76 (Ebit TTM 2.79b / Interest Expense TTM 586.5m)
EV/FCF = 21.89x (Enterprise Value 50.20b / FCF TTM 2.29b)
FCF Yield = 4.57% (FCF TTM 2.29b / Enterprise Value 50.20b)
FCF Margin = 29.37% (FCF TTM 2.29b / Revenue TTM 7.81b)
Net Margin = 21.70% (Net Income TTM 1.69b / Revenue TTM 7.81b)
Gross Margin = 39.55% ((Revenue TTM 7.81b - Cost of Revenue TTM 4.72b) / Revenue TTM)
Gross Margin QoQ = 34.29% (prev 40.42%)
Tobins Q-Ratio = 1.41 (Enterprise Value 50.20b / Total Assets 35.55b)
Interest Expense / Debt = 0.95% (Interest Expense 126.5m / Debt 13.31b)
Taxrate = 23.23% (148.0m / 637.0m)
NOPAT = 2.14b (EBIT 2.79b * (1 - 23.23%))
Current Ratio = 0.61 (Total Current Assets 1.26b / Total Current Liabilities 2.06b)
Debt / Equity = 0.79 (Debt 13.31b / totalStockholderEquity, last quarter 16.77b)
Debt / EBITDA = 3.51 (Net Debt 13.20b / EBITDA 3.76b)
Debt / FCF = 5.76 (Net Debt 13.20b / FCF TTM 2.29b)
Total Stockholder Equity = 17.10b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.74% (Net Income 1.69b / Total Assets 35.55b)
RoE = 9.91% (Net Income TTM 1.69b / Total Stockholder Equity 17.10b)
RoCE = 9.56% (EBIT 2.79b / Capital Employed (Equity 17.10b + L.T.Debt 12.09b))
RoIC = 7.71% (NOPAT 2.14b / Invested Capital 27.78b)
WACC = 5.12% (E(36.99b)/V(50.30b) * Re(6.70%) + D(13.31b)/V(50.30b) * Rd(0.95%) * (1-Tc(0.23)))
Discount Rate = 6.70% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares Correlation 3-Years: 81.65 | Cagr: 2.87%
[DCF] Terminal Value 87.17% ; FCFF base≈2.10b ; Y1≈2.30b ; Y5≈2.91b
[DCF] Fair Price = 124.5 (EV 85.58b - Net Debt 13.20b = Equity 72.37b / Shares 581.2m; r=6.0% [WACC]; 5y FCF grow 10.49% → 3.0% )
EPS Correlation: -22.95 | EPS CAGR: -1.83% | SUE: 1.22 | # QB: 1
Revenue Correlation: -55.14 | Revenue CAGR: -12.25% | SUE: -0.42 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.69 | Chg7d=-0.012 | Chg30d=-0.012 | Revisions Net=+0 | Analysts=3
EPS current Year (2026-12-31): EPS=2.80 | Chg7d=-0.023 | Chg30d=-0.018 | Revisions Net=-3 | Growth EPS=+9.1% | Growth Revenue=-1.2%
EPS next Year (2027-12-31): EPS=3.05 | Chg7d=-0.002 | Chg30d=-0.013 | Revisions Net=-2 | Growth EPS=+8.9% | Growth Revenue=+10.2%
[Analyst] Revisions Ratio: +0.00 (1 Up / 1 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 3.7% (Discount Rate 7.9% - Earnings Yield 4.2%)
[Growth] Growth Spread = -4.4% (Analyst -0.7% - Implied 3.7%)
Additional Sources for PBA Stock Fund Manager Positions: Dataroma · Stockcircle