(PBA) Pembina Pipeline - Overview

Sector: Energy | Industry: Oil & Gas Midstream | Exchange: NYSE (USA) | Market Cap: 28.485m USD | Total Return: 38% in 12m

Natural Gas, Crude Oil, Natural Gas Liquids, Pipelines, Storage Facilities
Total Rating 54
Safety 54
Buy Signal 0.45
Oil & Gas Midstream
Industry Rotation: +25.3
Market Cap: 28.5B
Avg Turnover: 43.7M
Risk 3d forecast
Volatility17.9%
VaR 5th Pctl3.17%
VaR vs Median7.46%
Reward TTM
Sharpe Ratio1.57
Rel. Str. IBD76.7
Rel. Str. Peer Group43
Character TTM
Beta0.071
Beta Downside0.134
Hurst Exponent0.524
Drawdowns 3y
Max DD17.92%
CAGR/Max DD1.34
CAGR/Mean DD4.83
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, "2026-03": 0.81,
EPS CAGR: -7.88%
EPS Trend: -39.9%
Last SUE: 1.07
Qual. Beats: 2
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, 2026-03: 2071.33909,
Rev. CAGR: -2.17%
Rev. Trend: -52.9%
Last SUE: 0.60
Qual. Beats: 0

Warnings

Altman Z'' 1.06 < 1.0 - financial distress zone

Tailwinds

Tailwind, Confidence

Description: PBA Pembina Pipeline

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.

Headlines to Watch Out For
  • 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
Piotroski VR‑10 (Strict) 4.0
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 (13.78b) to EBITDA (3.69b): 3.73 < 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)
Altman Z'' 1.06
A: -0.01 (Total Current Assets 1.72b - Total Current Liabilities 2.06b) / Total Assets 36.27b
B: -0.06 (Retained Earnings -2.33b / Total Assets 36.27b)
C: 0.08 (EBIT TTM 2.70b / Avg Total Assets 35.99b)
D: 0.79 (Book Value of Equity 15.21b / Total Liabilities 19.32b)
Altman-Z'' Score: 1.06 = BB
Beneish M -2.77
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 36.27b)
Beneish M-Score: -2.77 (Cap -4..+1) = A
What is the price of PBA shares? As of May 21, 2026, the stock is trading at USD 49.26 with a total of 911,144 shares traded.
Over the past week, the price has changed by +4.30%, over one month by +15.88%, over three months by +14.12% and over the past year by +37.95%.
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?
Analysts Target Price 42 -14.8%
Pembina Pipeline (PBA) - Fundamental Data Overview as of 19 May 2026
Market Cap CAD = 39.16b (28.48b USD * 1.3748 USD.CAD)
P/E Trailing = 25.2526
P/E Forward = 21.645
P/S = 3.747
P/B = 2.3892
P/EG = 2.2052
Revenue TTM = 7.57b CAD
EBIT TTM = 2.70b CAD
EBITDA TTM = 3.69b CAD
Long Term Debt = 12.09b CAD (from longTermDebt, last fiscal year)
Short Term Debt = 682.8m CAD (from shortTermDebt, last quarter)
Debt = 13.95b CAD (from shortLongTermDebtTotal, last quarter)
Net Debt = 13.78b CAD (from netDebt column, last quarter)
Enterprise Value = 52.94b CAD (39.16b + Debt 13.95b - CCE 173.4m)
Interest Coverage Ratio = 4.44 (Ebit TTM 2.70b / Interest Expense TTM 607.4m)
EV/FCF = 26.80x (Enterprise Value 52.94b / FCF TTM 1.98b)
FCF Yield = 3.73% (FCF TTM 1.98b / Enterprise Value 52.94b)
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 = 1.46 (Enterprise Value 52.94b / Total Assets 36.27b)
Interest Expense / Debt = 1.05% (Interest Expense 146.4m / Debt 13.95b)
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 = 0.82 (Debt 13.95b / totalStockholderEquity, last quarter 16.94b)
Debt / EBITDA = 3.73 (Net Debt 13.78b / EBITDA 3.69b)
Debt / FCF = 6.98 (Net Debt 13.78b / FCF TTM 1.98b)
Total Stockholder Equity = 16.94b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.70% (Net Income 1.69b / Total Assets 36.27b)
RoE = 9.98% (Net Income TTM 1.69b / Total Stockholder Equity 16.94b)
RoCE = 9.30% (EBIT 2.70b / Capital Employed (Equity 16.94b + L.T.Debt 12.09b))
RoIC = 7.68% (NOPAT 2.13b / Invested Capital 27.74b)
WACC = 4.81% (E(39.16b)/V(53.11b) * Re(6.23%) + D(13.95b)/V(53.11b) * Rd(1.05%) * (1-Tc(0.21)))
Discount Rate = 6.23% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares (quarterly) Correlation: 78.88 | Cagr: 2.55%
[DCF] Terminal Value 86.67% ; FCFF base≈2.02b ; Y1≈2.09b ; Y5≈2.38b
[DCF] Fair Price = 97.36 (EV 70.39b - Net Debt 13.78b = Equity 56.61b / Shares 581.4m; r=6.0% [WACC]; 5y FCF grow 3.53% → 3.0% )
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=0.76 | Chg30d=+12.27% | Revisions=+20% | Analysts=3
EPS next Quarter (2026-09-30): EPS=0.67 | Chg30d=+7.88% | Revisions=+20% | Analysts=3
EPS current Year (2026-12-31): EPS=3.00 | Chg30d=+7.73% | Revisions=+33% | GrowthEPS=+16.8% | GrowthRev=+11.9%
EPS next Year (2027-12-31): EPS=3.11 | Chg30d=+3.54% | Revisions=+33% | GrowthEPS=+3.7% | GrowthRev=+0.6%
[Analyst] Revisions Ratio: +33%