Pembina Pipeline Corp
Pembina Pipeline Corp (PBA) is listed on NYSE and classified in Oil & Gas Midstream, part of the Energy sector. It is headquartered in Calgary, Canada and has 2,974 employees. The company is worth $28.71B and trades at 24.1x its earnings of the last twelve months; the median for its sector is 14.7x. Revenue was CA$7.78B in fiscal 2025, up 5.3% from the year before. Net income was CA$1.69B. The share price is 4.3% below its 52-week high of $51.58. It pays a dividend yielding 4.19%. 4 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Cliff Asness (AQR Capital Management), at $23.58M. In that quarter, 1 of them opened or added to the position and 2 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Revenue, debt and profit are in CAD, the currency the company reports in — not converted to dollars. Dividends are in dollars.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +69.0% over 5Y.
today you would have $1,925.26▲ +92.5%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 4 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Year-end price | $38.06 | $36.95 | $34.42 | $33.95 | |
| EPS | CA$2.66 | CA$3.00 | CA$2.99 | CA$5.12 | |
| Dividend yield | 5.55% | 2.64% | 5.39% | 5.70% | 5.78% |
| Profit margin | 25.42% | 21.78% | 25.24% | 28.05% | 25.59% |
| ROE | 10.94% | 10.10% | 10.65% |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 0.0% a year plus a 4.2% dividend yield. Growth capped at 25%.
Median P/E of 14.7 among peers in the sector.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Energy, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| TSTenaris SA | $56.37 | 15.0x | 3.4x | 3.16% | 11.58% | $28.46B |
| HALHalliburton Co | $33.19 | 17.8x | 2.5x | 2.05% | 18.78% | $27.65B |
| CQPCheniere Energy Partners, L.P. | $63.57 | 12.0x | 8.3x | 5.14% | 1516.91% | $30.77B |
| FTITechnipFMC plc | $66.82 |
| 11.23% |
| 18.89% |
This company reports in CAD, and the stock trades in dollars. P/E, P/S, P/B and payout would divide dollars by CAD, so they are not shown; EPS is in CAD. Margin, ROE and dividend yield do not depend on the currency.
Median of the years shown; P/E years above 200x are left out.
Dividend growing 2.3% a year against a 7.7% required return, from the stock’s beta.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
4 methods answered, across 2 families.
Room for errors in the reported numbers.
-57.9% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 24.4x |
| 8.0x |
| 0.30% |
| 35.81% |
| $26.2B |
| VGVenture Global, Inc. | $12.81 | 10.1x | 3.7x | 1.25% | 33.64% | $32.03B |
| EQTEQT Corp | $54.67 | 12.5x | 1.4x | 1.24% | 11.08% | $34.2B |