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What this page is: Delvantic's full research page for Pembina Pipeline Corporation (PBA) — AI-driven forensic equity research: mechanical valuation models (DCF, EPV, anchored-PE, scenario) plus three independent AI lenses (Quality / Value / Sentiment). Everything below is rendered server-side; you are not missing content that requires JavaScript. All scores are predictions and research opinions, not financial advice.

Page map (sections in order; each card carries a stable reference-name attribute you can cite):

  • profile-header / price-overview — company profile, live quote, market cap
  • extended-analysis — the core: three AI lens reads with findings, scores, and the analyst memo
  • future-predictions — our forward price-band predictions
  • market-narrative / ai-findings / gpt-critique — narrative context, cross-model findings, and an adversarial critique of our own analysis (near the end of the document)
  • Members-only sections (render as login gates for anonymous readers): price-history, income-trend, key-metrics, financials (statement tables), insider-trading. The analysis above is public; the raw data tables require a free account.

More for machine readers: site briefing at /llms.txt · any ticker resolves at delvantic.com/stock/TICKER · raw inputs are public-company filings and market data (via licensed data feeds); every model, score, lens read, and prediction on this page is Delvantic's own analysis.

Pembina Pipeline Corporation

PBA NYSE GICS Category PDF
Energy · Oil & Gas Midstream
Calgary, AB T2P 1G1, Canada pembina.com Updated Aug 9, 3:21am
Price
$47.50
Market Cap
$27.6B
Employees
2,974
Beta
0.71
Avg Volume
897,279
Last Dividend
$2.05
CEO
Mr. J. Scott Burrows C.F.A.

Pembina Pipeline Corporation is a Canadian energy infrastructure company that provides integrated transportation and midstream services across North America. Its core purpose is to move, process, and market hydrocarbons safely and reliably, connecting upstream production with downstream demand through long-term, contract-backed assets. Pembina Pipeline Corporation operates three primary segments: Pipelines, which include conventional, oil sands, heavy oil, and transmission systems with multi‑million barrel‑of‑oil‑equivalent per day capacity and associated storage and rail capabilities; Facilities, encompassing natural gas processing, natural gas liquids fractionation, cavern storage, and export-oriented infrastructure; and Marketing & New Ventures, which manages commodity marketing and portfolio optimization activities. The company’s network supports key Canadian and U.S. basins and provides services for ethane, propane, butane, condensate, and related liquids, positioning it as a critical midstream link for producers, refiners, petrochemicals, and utilities. Founded in 1954 and headquartered in Calgary, Pembina Pipeline Corporation plays a significant role in Western Canada’s energy value chain, underpinned by scale, diversification, and contracted cash flows.

Runs with full report
Earnings Schedule
Checked daily · calendar updated Aug 9
No upcoming print on the calendar yet — companies typically confirm a few weeks ahead. Last print was Jul 30, 2026.
EPS surprise history — vs analyst consensus · 5 prints of vendor history
+1.1%
Jan '26
+1.3%
Feb '26
+35.9%
Apr '26
+15.7%
May '26
-12.0%
Jul '26
Print date EPS est. EPS actual Revenue est. Revenue actual
Jul 30, 2026 $0.75 $0.66 -12.0% — —
May 7, 2026 $0.70 $0.81 +15.7% — —
Apr 1, 2026 $0.78 $1.06 +35.9% — —
Feb 26, 2026 $0.75 $0.76 +1.3% — —
Jan 20, 2026 $0.88 $0.89 +1.1% — —

Green = beat the estimate, red = missed. An earnings print is the fastest way a thesis changes — our designations should be re-read after each one.

Recent SEC Filings
Filed Form Document
Jul 31, 2026 6-K View
Jul 31, 2026 6-K View
Jul 17, 2026 6-K View
Jul 8, 2026 6-K View
Jul 6, 2026 6-K View
Jul 2, 2026 6-K View
May 26, 2026 6-K View
May 14, 2026 6-K View
May 11, 2026 6-K View
May 8, 2026 6-K View
May 8, 2026 6-K View
Apr 7, 2026 6-K View

Filings link to the SEC’s EDGAR system. Annual/quarterly reports (10-K, 10-Q, 20-F) carry the full story; 8-K/6-K current reports are the fastest signal that something material happened.

Price Overview
Last updated: Aug 9, 2026 3:21am (just now)
Current data · timestamped when a report runs
$47.50
Change · Aug 9
-0.50 (-1.04%)
Day Range
$47.42 – $48.11
52-Week Range
$35.45 – $51.58
50-Day MA
$48.39
200-Day MA
$43.46
Volume
774,900.00
Share Structure
Outstanding 581,435,000.00
Float 580,845,503.00
Free Float 99.9%
High free float — 99.9% of shares trade freely, ~0.1% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Last updated: Aug 9, 2026 3:21am (just now)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Last updated: Aug 6, 2026 8:51am (2d ago)
Why there are no quarterly figures for Pembina Pipeline Corporation

This company does not file structured financial statements with the U.S. SEC, so quarterly figures aren't available from our filings-based data engine. Annual figures shown here come from the sources that do cover it.

Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
Period Revenue Net Income Net Margin YoY/QoQ
Key Metrics
TD Twelve Data statement HEX SEC filing
P/E Ratio (Price per dollar of earnings)
HEX
Stock Price / EPS (Diluted)
25.00
Stock Price: $47.50
EPS (Diluted): 1.90
P/B Ratio (Price vs net asset value)
HEX
Stock Price / Book Value Per Share
2.31
Stock Price: $47.50
Total Equity: $11.98B
Shares: 582,000,000
EV/EBITDA (Total value vs operating profit)
HEX
Enterprise Value / EBITDA
13.22
Market Cap: $27.62B
Total Debt: $8.33B
Cash: $75.73M
EBITDA: $2.71B
Enterprise Value (Takeover price (cap + debt - cash))
HEX
Market Cap + Total Debt - Cash
$35.9B
Market Cap: $27.62B
Total Debt: $8.33B
Cash: $75.73M
Gross Margin (Revenue left after direct costs)
HEX
Gross Profit / Revenue
41.1%
Gross Profit: $2.28B
Revenue: $5.56B
Operating Margin (Revenue left after all operations)
HEX
Operating Income / Revenue
36.1%
Operating Income: $2.01B
Revenue: $5.56B
Net Margin (Revenue left as actual profit)
HEX
Net Income / Revenue
21.8%
Net Income: $1.21B
Revenue: $5.56B
ROE (Profit from shareholder equity)
HEX
Net Income / Total Equity
10.1%
Net Income: $1.21B
Total Equity: $11.98B
ROIC (Profit from all invested capital)
HEX
NOPAT / Invested Capital
7.6%
Operating Income: $2.01B
Tax Rate: 23.2%
Equity: $11.98B
Total Debt: $8.33B
Cash: $75.73M
Current Ratio (Can it pay short-term bills)
HEX
Current Assets / Current Liabilities
0.61
Current Assets: $899.45M
Current Liabilities: $1.48B
Debt/Equity (Leverage — debt vs equity)
HEX
Total Debt / Total Equity
0.70
Short-Term Debt: $428.65M
Long-Term Debt: $7.91B
Total Debt: $8.33B
Total Equity: $11.98B
Rev/Share (Top-line per share)
HEX
Revenue / Shares Outstanding
$9.55
Revenue: $5.56B
Shares: 582,000,000
Book Value/Share (Net assets per share)
HEX
(Total Assets - Total Liabilities) / Shares
$20.59
Total Equity: $11.98B
Shares: 582,000,000
FCF/Share (Real cash generated per share)
HEX
(Operating Cash Flow + CapEx) / Shares
$3.09
Operating CF: $2.36B
CapEx: -$560.11M
Shares: 582,000,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
TD
Last Annual Dividend / Stock Price
4.3%
Last Dividend: $2.05
Stock Price: $47.50
Payout Ratio (Earnings paid out as dividends)
HEX
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $1.21B
Dividends paid not available in cash flow statement
Income Statement (Annual)
Last updated: Aug 6, 2026 8:51am (2d ago)
Metric 2021 2022 2023 2024 2025
Revenue $6.2B $8.3B $6.5B $5.3B $5.6B
Cost of Revenue $4.3B $6.1B $4.5B $2.9B $3.3B
Gross Profit $1.9B $2.2B $2.0B $2.4B $2.3B
Operating Expenses $380.1M -$415.8M $132.2M $739.4M $274.3M
Operating Income $1.5B $2.6B $1.9B $1.6B $2.0B
Net Income — — $1.3B $1.3B $1.2B
EBITDA $2.0B $3.1B $2.4B $2.2B $2.7B
EPS $1.43 $3.67 $2.14 $2.14 $1.91
EPS (Diluted) $1.42 $3.66 $2.14 $2.14 $1.90
Balance Sheet (Annual)
Last updated: Aug 6, 2026 8:51am (2d ago)
Metric 2022 2022 2023 2024 2025
Cash & Equivalents $119.3M $119.3M $107.9M $100.7M $75.7M
Total Current Assets — $973.0M $1.9B $1.1B $899.5M
Total Assets $2.3B $2.3B $23.3B $25.7B $25.4B
Current Liabilities — $1.5B $2.3B $2.1B $1.5B
Long-Term Debt — $6.7B $6.6B $7.5B $7.9B
Total Liabilities $498.7M $498.7M $12.0B $13.2B $13.4B
Total Equity — $11.3B $11.3B $12.5B $12.0B
Retained Earnings — — — — —
Cash Flow (Annual)
Last updated: Aug 6, 2026 8:51am (2d ago)
Metric 2021 2022 2023 2024 2025
Operating Cash Flow $1.9B $2.1B $1.9B $2.3B $2.4B
Capital Expenditure -$470.1M -$432.2M -$432.9M -$682.3M -$560.1M
Free Cash Flow $1.4B $1.7B $1.4B $1.6B $1.8B
Acquisitions (net) -$29.3M $0 $0 -$1.9B $0
Net Debt Issued / (Repaid) $688.7M $0 $350.1M $2.0B $729.4M
Dividends Paid — — — — —
Stock Buybacks — — — — —
Net Change in Cash -$38.6M $39.3M $32.9M -$15.0M -$22.9M
Growth Trends (YoY %)
Last updated: Aug 6, 2026 8:51am (2d ago)
Metric 2022 2023 2024 2025
Revenue Growth +34.6% -21.4% -19.1% +5.3%
Gross Profit Growth +18.0% -9.1% +16.8% -3.7%
Operating Income Growth +75.2% -28.3% -14.1% +23.1%
Net Income Growth — — +5.0% -9.1%
EBITDA Growth +54.6% -24.4% -5.3% +20.8%
Dividend History (Last 20)
Last updated: Aug 2, 2026 8:51pm (6d ago)
Date Dividend Declaration Record Payment
2026-06-15 $0.53 — — —
2026-03-16 $0.52 — — —
2025-06-16 $0.52 — — —
2025-03-17 $0.48 — — —
2024-12-16 $0.49 — — —
2024-09-16 $0.51 — — —
2024-06-17 $0.50 — — —
2024-03-14 $0.49 — — —
2023-12-14 $0.49 — — —
2023-09-14 $0.49 — — —
2023-06-14 $0.50 — — —
2023-03-14 $0.47 — — —
2022-12-14 $0.16 — — —
2022-11-25 $0.16 — — —
2022-10-24 $0.16 — — —
2022-09-22 $0.16 — — —
2022-08-24 $0.16 — — —
2022-07-22 $0.16 — — —
2022-06-23 $0.16 — — —
2022-05-24 $0.16 — — —
Industry Benchmarks
Compares PBA against LLM-researched typical ranges for its industry. One research call per industry, cached indefinitely — every stock in the same industry reuses the same baseline.
Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
4b Earnings Power Value — Floor value — worth with zero growth
4c Anchored PE — Industry PE adjusted for growth differential
4d Reverse DCF — What growth is the market pricing in?
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
4h Dividend Discount Model — For dividend/income stocks only
4i Book Value Analysis — For deep value / turnaround stocks only
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
Narrative Economics
The story the market is telling about this stock — the intangible X-factor (founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for PBA — it's generated by the pipeline (market-narrative step).
Claude Reading
Claude Opus reviews the pipeline's raw data + every prior verdict, then writes an independent take.
No AI findings yet for PBA — they're generated by the pipeline (ai-findings step) when a report is run on this ticker.
GPT Reading
GPT reads the identical raw briefing blind — one of the Big-3 independent readings — and commits to its own verdict.
No GPT reading yet for PBA — it's generated by the pipeline (gpt-critique step) after the other Big-3 seats, when a report is run on this ticker.
Grok Reading
Grok (xAI) reads the identical raw briefing blind — one of the Big-3 independent readings — and commits to its own verdict.
No Grok reading yet for PBA — it's generated by the pipeline (grok-critique step) alongside the other Big-3 seats, when a report is run on this ticker.
Advanced Analysis Forensic deep-dive · three lenses
A separate, manually-run forensic pipeline (dilution, earnings quality, liquidity → two scored lenses → the play). Hasn't been run for this ticker yet.
Character & Durability Scorecard
Ten long-horizon business-character traits the Quality / Value / Sentiment lenses don’t break out, scored 1–10.
No scorecard yet for PBA — the ten traits are scored by the pipeline (ext-scorecard step) when a report is run on this ticker.
Community AI Feedback
No community reviews yet for PBA. Be the first — hit How to Contribute, have any AI review this page, and paste its take back here.
My Notes personal — only you see this
Data via Financial Modeling Prep · Cached for performance · twelvedata
v1.1.515 · 9f7cac68 · 2026-08-08 13:09:58