Pembina Pipeline revenue and financials

PPL · TSX · CAD

$66.37+0.84%+$0.55

Close · October 6, 2026

In the fiscal year ended December 2025, Pembina Pipeline reported revenue of $7.78B (+5.34% year over year). Net income was $1.69B, a net margin of 21.8%.

Annual revenue · 2025: $7.78B

$4.27B2016
$5.4B2017
$7.35B2018
$6.37B2019
$5.95B2020
$8.63B2021
$11.61B2022
$6.33B2023
$7.38B2024
$7.78B2025

Fiscal year ending in December. Sources and method on the page Methodology and sources.

At a glance

Revenue growth: +5.34%; 2025 vs 2024
Net income growth: −9.12%; 2025 vs 2024
Net margin: 21.8%; 2024: 25.2%

Financial data

Amounts in millions of CAD; per-share values in CAD; shares in millions.

Balance sheet · Annual
Item	2025	2024	2023	2022	FY to Aug 2022	2021	2020	2019	2018	2018
Total assets	35,555	35,967	32,618	31,487	3,188	31,456	31,416	32,755	26,811	26,664
Current assets	1,259	1,573	2,633	1,362	—	1,245	989	989	1,014	1,013
Cash and equivalents	106	141	151	107	167	43.0	81.0	129	157	157
Receivables	821	1,083	2,054	862	—	780	—	—	—	—
Inventory	284	301	333	269	—	376	—	—	—	—
Net property, plant and equipment	23,076	23,268	16,321	16,036	—	18,774	—	—	—	—
Goodwill	4,988	5,024	4,551	4,557	—	4,693	4,694	4,699	—	3,878
Other intangible assets	1,357	1,504	1,514	1,574	—	1,545	—	—	—	—
Long-term investments	4,344	4,267	6,987	7,382	—	4,630	—	—	—	—
Current liabilities	2,065	2,908	3,221	2,058	—	2,390	1,781	1,449	1,539	1,490
Accounts payable	559	530	555	571	—	625	—	—	—	—
Long-term debt	11,666	12,060	9,903	10,005	—	10,645	10,876	10,152	—	7,537
Total debt	13,310	13,321	11,143	11,275	—	—	—	—	—	—
Total liabilities	18,784	18,457	16,805	15,698	698	17,093	16,401	15,887	12,302	12,260
Total equity (incl. minority)	16,771	17,510	15,813	15,789	—	14,363	—	—	—	—
Retained earnings	-2,381	-2,303	-2,372	-2,613	—	-3,920	—	—	—	—
Minority interest	0.0	0.0	0.0	60.0	—	60.0	—	—	—	—