Pembina Pipeline Corporation

Financial Statements (IFRS) · Amounts in CAD

5 10 All

Annual Quarterly

Income Statement

Balance Sheet

Cash Flow

Line Item	FY 2025Dec 31, 2025	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021
Total Revenue	7.8B	7.4B	6.3B	11.6B	8.6B
Operating Revenue	7.8B	7.4B	6.3B	11.6B	8.6B
Cost Of Revenue	4.6B	4.1B	3.5B	8.5B	6.0B
Gross Profit	3.2B	3.3B	2.8B	3.1B	2.6B
Selling General And Administration	477.0M	444.0M	422.0M	399.0M	306.0M
General And Administrative Expense	477.0M	444.0M	422.0M	399.0M	306.0M
Other Operating Expenses	20.0M	-4.0M	-6.0M	129.0M	-248.0M
Operating Expense	497.0M	440.0M	416.0M	528.0M	58.0M
Operating Income	2.7B	2.9B	2.4B	2.6B	2.6B
EBIT	2.8B	2.3B	2.7B	3.7B	2.1B
Interest Expense	612.0M	595.0M	470.0M	462.0M	440.0M
Interest Expense Non Operating	612.0M	595.0M	470.0M	462.0M	440.0M
Interest Income	11.0M	46.0M	7.0M	--	--
Interest Income Non Operating	11.0M	46.0M	7.0M	--	--
Net Interest Income	-601.0M	-549.0M	-463.0M	-462.0M	-440.0M
Other Income Expense	112.0M	-607.0M	228.0M	1.1B	-484.0M
Special Income Charges	113.0M	-595.0M	231.0M	1.1B	-474.0M
Restructuring And Mergern Acquisition	0.00	616.0M	0.00	--	--
Write Off	--	0.00	-231.0M	0.00	474.0M
Gain On Sale Of Security	-1.0M	-12.0M	-3.0M	-24.0M	-10.0M
Pretax Income	2.2B	1.7B	2.2B	3.2B	1.7B
Tax Provision	513.0M	-154.0M	413.0M	248.0M	423.0M
Tax Effect Of Unusual Items	26.0M	-91.0M	43.1M	83.7M	-123.0M
Net Income From Continuing And Discontinued Operation	1.7B	1.9B	1.8B	3.0B	1.2B
Net Income From Continuing Operation Net Minority Interest	1.7B	1.9B	1.8B	3.0B	1.2B
Net Income Including Noncontrolling Interests	1.7B	1.9B	1.8B	3.0B	1.2B
Minority Interests	0.00	-10.0M	0.00	--	--
Net Income Common Stockholders	1.6B	1.7B	1.6B	2.8B	1.1B
Net Income	1.7B	1.9B	1.8B	3.0B	1.2B
EBITDA	3.8B	3.2B	3.3B	4.4B	2.8B
Normalized EBITDA	3.7B	3.8B	3.1B	3.3B	3.3B
Reconciled Depreciation	987.0M	862.0M	663.0M	683.0M	723.0M
Basic EPS	2.67	3.00	3.00	5.14	2.00
Diluted EPS	2.66	3.00	2.99	5.12	1.99
Basic Average Shares	634.5M	573.0M	550.0M	553.0M	550.0M
Diluted Average Shares	636.8M	574.0M	551.0M	554.0M	551.0M
Total Unusual Items	112.0M	-607.0M	228.0M	1.1B	-484.0M
Total Unusual Items Excluding Goodwill	112.0M	-607.0M	228.0M	1.1B	-484.0M
Tax Rate For Calcs	0.23	0.15	0.19	0.08	0.25
Normalized Income	1.6B	2.4B	1.6B	2.0B	1.6B
Diluted NI Availto Com Stockholders	1.6B	1.7B	1.6B	2.8B	1.1B
Gain On Sale Of Business	--	--	0.00	1.1B	0.00
Gain On Sale Of Ppe	113.0M	21.0M	--	1.1B	0.00
Net Income Continuous Operations	1.7B	1.9B	1.8B	3.0B	1.2B
Net Non Operating Interest Income Expense	-601.0M	-549.0M	-463.0M	-462.0M	-440.0M
Other Gand A	477.0M	444.0M	422.0M	399.0M	306.0M
Preferred Stock Dividends	144.0M	143.0M	128.0M	129.0M	144.0M
Reconciled Cost Of Revenue	4.6B	4.1B	3.5B	8.5B	6.0B
Total Expenses	5.1B	4.5B	3.9B	9.0B	6.0B
Total Operating Income As Reported	2.8B	2.3B	2.7B	3.7B	2.1B

Line Item	FY 2025Dec 31, 2025	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021
Cash And Cash Equivalents	106.0M	141.0M	137.0M	94.0M	43.0M
Cash Cash Equivalents And Short Term Investments	106.0M	141.0M	137.0M	94.0M	43.0M
Accounts Receivable	686.0M	844.0M	698.0M	696.0M	743.0M
Receivables	821.0M	1.1B	798.0M	862.0M	780.0M
Inventory	284.0M	301.0M	333.0M	269.0M	376.0M
Prepaid Assets	34.0M	35.0M	54.0M	50.0M	32.0M
Other Current Assets	--	--	1.3B	--	--
Current Assets	1.3B	1.6B	2.6B	1.4B	1.2B
Gross PPE	28.3B	27.8B	20.3B	19.8B	22.7B
Accumulated Depreciation	-5.2B	-4.5B	-4.0B	-3.8B	-3.9B
Net PPE	23.1B	23.3B	16.3B	16.0B	18.8B
Goodwill	5.0B	5.0B	4.6B	4.6B	4.7B
Goodwill And Other Intangible Assets	6.3B	6.5B	6.1B	6.1B	6.2B
Other Intangible Assets	1.4B	1.5B	1.5B	1.6B	1.5B
Investments And Advances	4.3B	4.3B	7.0B	7.4B	4.6B
Long Term Equity Investment	4.3B	4.3B	7.0B	7.4B	4.6B
Other Non Current Assets	178.0M	108.0M	72.0M	54.0M	28.0M
Total Non Current Assets	34.3B	34.4B	30.0B	30.1B	30.2B
Total Assets	35.6B	36.0B	32.6B	31.5B	31.5B
Current Debt	600.0M	1.5B	650.0M	600.0M	1.0B
Current Debt And Capital Lease Obligation	683.0M	1.6B	727.0M	679.0M	1.1B
Accounts Payable	559.0M	530.0M	555.0M	571.0M	625.0M
Payables	1.2B	1.2B	1.2B	1.3B	1.2B
Payables And Accrued Expenses	1.2B	1.2B	1.2B	1.3B	1.2B
Current Deferred Revenue	39.0M	43.0M	33.0M	56.0M	71.0M
Other Current Liabilities	122.0M	49.0M	1.3B	57.0M	53.0M
Current Liabilities	2.1B	2.9B	3.2B	2.1B	2.4B
Long Term Debt	12.1B	11.1B	9.8B	10.0B	10.2B
Long Term Debt And Capital Lease Obligation	12.6B	11.7B	10.4B	10.6B	10.9B
Long Term Capital Lease Obligation	539.0M	576.0M	567.0M	596.0M	635.0M
Other Non Current Liabilities	174.0M	183.0M	83.0M	140.0M	186.0M
Total Non Current Liabilities Net Minority Interest	16.7B	15.5B	13.6B	13.6B	14.7B
Total Liabilities Net Minority Interest	18.8B	18.5B	16.8B	15.7B	17.1B
Common Stock	17.0B	17.0B	15.8B	15.8B	15.7B
Capital Stock	18.7B	19.2B	18.0B	18.0B	18.2B
Retained Earnings	-2.4B	-2.3B	-2.4B	-2.6B	-3.9B
Gains Losses Not Affecting Retained Earnings	407.0M	641.0M	221.0M	341.0M	28.0M
Other Equity Adjustments	407.0M	641.0M	221.0M	341.0M	28.0M
Common Stock Equity	15.0B	15.3B	13.6B	13.5B	11.8B
Stockholders Equity	16.8B	17.5B	15.8B	15.7B	14.3B
Total Equity Gross Minority Interest	16.8B	17.5B	15.8B	15.8B	14.4B
Minority Interest	0.00	0.00	0.00	60.0M	60.0M
Total Capitalization	28.9B	28.6B	25.7B	25.7B	24.5B
Net Tangible Assets	10.4B	11.0B	9.7B	9.6B	8.1B
Tangible Book Value	8.7B	8.8B	7.5B	7.4B	5.5B
Working Capital	-806.0M	-1.3B	-588.0M	-696.0M	-1.1B
Invested Capital	27.7B	28.0B	24.1B	24.1B	23.0B
Total Debt	13.3B	13.3B	11.1B	11.3B	12.0B
Net Debt	12.6B	12.5B	10.4B	10.5B	11.2B
Share Issued	581.1M	581.0M	549.4M	550.3M	550.0M
Ordinary Shares Number	581.1M	581.0M	549.4M	550.3M	550.0M
Buildings And Improvements	84.0M	98.0M	113.0M	127.0M	143.0M
Capital Lease Obligations	622.0M	665.0M	644.0M	675.0M	723.0M
Construction In Progress	1.0B	565.0M	588.0M	367.0M	915.0M
Current Capital Lease Obligation	83.0M	89.0M	77.0M	79.0M	88.0M
Current Deferred Liabilities	39.0M	43.0M	33.0M	56.0M	71.0M
Derivative Product Liabilities	116.0M	110.0M	0.00	--	--
Dividends Payable	--	--	--	0.00	115.0M
Duefrom Related Parties Current	70.0M	37.0M	36.0M	42.0M	7.0M
Dueto Related Parties Current	--	0.00	1.0M	150.0M	27.0M
Financial Assets	114.0M	0.00	25.0M	42.0M	81.0M
Finished Goods	124.0M	149.0M	249.0M	184.0M	276.0M
Gross Accounts Receivable	--	--	--	--	750.0M
Hedging Assets Current	14.0M	13.0M	55.0M	87.0M	14.0M
Income Tax Payable	--	--	18.0M	0.00	--
Land And Improvements	650.0M	694.0M	480.0M	481.0M	456.0M
Long Term Provisions	540.0M	426.0M	336.0M	259.0M	412.0M
Machinery Furniture Equipment	9.2B	9.1B	7.0B	6.9B	9.4B
Non Current Accounts Receivable	239.0M	223.0M	230.0M	219.0M	211.0M
Non Current Deferred Assets	--	0.00	285.0M	261.0M	257.0M
Non Current Deferred Liabilities	3.3B	3.1B	2.7B	2.6B	3.2B
Non Current Deferred Revenue	305.0M	255.0M	126.0M	138.0M	220.0M
Non Current Deferred Taxes Assets	--	0.00	285.0M	261.0M	257.0M
Non Current Deferred Taxes Liabilities	3.0B	2.9B	2.6B	2.5B	3.0B
Other Current Borrowings	600.0M	1.5B	650.0M	600.0M	1.0B
Other Payable	662.0M	672.0M	598.0M	545.0M	411.0M
Other Properties	17.3B	17.3B	12.1B	11.9B	11.8B
Other Receivables	46.0M	89.0M	64.0M	51.0M	30.0M
Preferred Shares Number	75.0M	93.0M	1.0M	93.0M	--
Preferred Stock	1.7B	2.2B	2.2B	2.2B	2.5B
Preferred Stock Equity	1.7B	2.2B	2.2B	2.2B	2.5B
Raw Materials	160.0M	152.0M	84.0M	85.0M	100.0M
Taxes Receivable	19.0M	113.0M	0.00	73.0M	0.00
Total Tax Payable	--	--	18.0M	0.00	0.00
Treasury Shares Number	--	--	0.00	--	--

Line Item	FY 2025Dec 31, 2025	FY 2024Dec 31, 2024	FY 2023Dec 31, 2023	FY 2022Dec 31, 2022	FY 2021Dec 31, 2021
Operating Cash Flow	3.3B	3.2B	2.6B	2.9B	2.6B
Cash Flow From Continuing Operating Activities	3.3B	3.2B	2.6B	2.9B	2.6B
Depreciation And Amortization	987.0M	862.0M	663.0M	683.0M	723.0M
Depreciation Amortization Depletion	987.0M	862.0M	663.0M	683.0M	723.0M
Stock Based Compensation	94.0M	84.0M	72.0M	126.0M	100.0M
Deferred Tax	513.0M	-154.0M	413.0M	248.0M	423.0M
Deferred Income Tax	513.0M	-154.0M	413.0M	248.0M	423.0M
Change In Working Capital	221.0M	-43.0M	-210.0M	177.0M	-100.0M
Change In Other Working Capital	221.0M	-43.0M	-210.0M	177.0M	-100.0M
Other Non Cash Items	461.0M	1.1B	317.0M	403.0M	444.0M
Capital Expenditure	-784.0M	-955.0M	-606.0M	-605.0M	-658.0M
Purchase Of Business	-410.0M	-3.0B	-265.0M	-95.0M	-376.0M
Sale Of Business	0.00	63.0M	61.0M	609.0M	0.00
Investing Cash Flow	-1.1B	-3.9B	-789.0M	-154.0M	-1.0B
Cash Flow From Continuing Investing Activities	-1.1B	-3.9B	-789.0M	-154.0M	-1.0B
Issuance Of Debt	1.2B	2.7B	504.0M	339.0M	1.6B
Repayment Of Debt	-1.2B	-1.4B	-676.0M	-1.1B	-1.3B
Net Issuance Payments Of Debt	-26.0M	1.4B	-172.0M	-746.0M	277.0M
Repurchase Of Capital Stock	-451.0M	0.00	-50.0M	-633.0M	-437.0M
Net Common Stock Issuance	--	0.00	-50.0M	-333.0M	-17.0M
Common Stock Dividend Paid	-1.6B	-1.6B	-1.5B	-1.5B	-1.4B
Common Stock Payments	--	0.00	-50.0M	-333.0M	-17.0M
Financing Cash Flow	-2.2B	678.0M	-1.8B	-2.7B	-1.7B
Cash Flow From Continuing Financing Activities	-2.2B	678.0M	-1.8B	-2.7B	-1.7B
Effect Of Exchange Rate Changes	-3.0M	11.0M	-2.0M	9.0M	16.0M
Changes In Cash	-32.0M	-21.0M	46.0M	55.0M	-54.0M
Beginning Cash Position	141.0M	151.0M	107.0M	43.0M	81.0M
End Cash Position	106.0M	141.0M	151.0M	107.0M	43.0M
Free Cash Flow	2.5B	2.3B	2.0B	2.3B	2.0B
Asset Impairment Charge	--	0.00	-231.0M	0.00	474.0M
Capital Expenditure Reported	-784.0M	-955.0M	-606.0M	-605.0M	-658.0M
Cash Dividends Paid	-1.8B	-1.7B	-1.6B	-1.7B	-1.5B
Dividend Received Cfo	544.0M	626.0M	819.0M	673.0M	461.0M
Earnings Losses From Equity Investments	-209.0M	-328.0M	-316.0M	-1.5B	-281.0M
Gain Loss On Investment Securities	37.0M	170.0M	13.0M	-121.0M	-54.0M
Interest Paid Cfo	-583.0M	-502.0M	-447.0M	-447.0M	-418.0M
Interest Received Cfi	-28.0M	-26.0M	-15.0M	-21.0M	-25.0M
Long Term Debt Issuance	1.2B	2.7B	504.0M	339.0M	1.6B
Long Term Debt Payments	-1.2B	-1.4B	-676.0M	-1.1B	-1.3B
Net Business Purchase And Sale	-410.0M	-2.9B	-204.0M	514.0M	-376.0M
Net Foreign Currency Exchange Gain Loss	1.0M	12.0M	22.0M	12.0M	-9.0M
Net Income From Continuing Operations	1.7B	1.9B	1.8B	3.0B	1.2B
Net Long Term Debt Issuance	-26.0M	1.4B	-172.0M	-746.0M	277.0M
Net Other Financing Charges	--	996.0M	--	--	--
Net Other Investing Changes	132.0M	-4.0M	36.0M	-42.0M	20.0M
Net Preferred Stock Issuance	-451.0M	0.00	0.00	-300.0M	-420.0M
Operating Gains Losses	-284.0M	-167.0M	-301.0M	-1.6B	-344.0M
Preferred Stock Dividend Paid	-134.0M	-132.0M	-120.0M	-126.0M	-135.0M
Preferred Stock Payments	-451.0M	0.00	0.00	-300.0M	-420.0M
Proceeds From Stock Option Exercised	6.0M	11.0M	1.0M	310.0M	16.0M
Provisionand Write Offof Assets	0.00	-34.0M	0.00	--	--
Taxes Refund Paid	-346.0M	-404.0M	-236.0M	-334.0M	-355.0M