Pembina Pipeline is a Canadian midstream energy company that owns and operates pipelines, storage, and processing facilities for crude oil, natural gas, and natural gas liquids, mainly linking Western Canadian producers to markets. Its network includes oil and NGL pipelines, gas processing plants, and fractionation and export terminals. The business earns primarily fee-based income from producers and shippers under long-term contracts rather than taking large commodity price risk.
| Quarter | Revenue | YoY % | Earnings | YoY % |
|---|---|---|---|---|
| Q2 2025 | 1,792 | — | 417 | -60.9% |
| Q3 2025 | 1,791 | — | 286 | -13.2% |
| Q4 2025 | 1,913 | — | 345 | -41.2% |
| Q1 2026 | 2,106 | — | 498 | 8.6% |
| Q2 2026 | 2,152 | 20.1% | 512 | 22.8% |
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