Pembina Pipeline Corporation

Financial Statements (IFRS) · Amounts in CAD

5 10 All

Annual Quarterly

Income Statement

Balance Sheet

Cash Flow

Line Item	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024
Total Revenue	1.9B	1.8B	1.8B	2.3B	2.1B
Operating Revenue	1.9B	1.8B	1.8B	2.3B	2.1B
Cost Of Revenue	1.1B	1.1B	1.0B	1.4B	1.1B
Gross Profit	827.0M	658.0M	780.0M	928.0M	1.0B
Selling General And Administration	120.0M	126.0M	97.0M	134.0M	104.0M
General And Administrative Expense	120.0M	126.0M	97.0M	134.0M	104.0M
Other Operating Expenses	35.0M	-19.0M	-1.0M	5.0M	13.0M
Operating Expense	155.0M	107.0M	96.0M	139.0M	117.0M
Operating Income	672.0M	551.0M	684.0M	789.0M	907.0M
EBIT	789.0M	555.0M	685.0M	790.0M	898.0M
Interest Expense	152.0M	157.0M	152.0M	151.0M	154.0M
Interest Expense Non Operating	152.0M	157.0M	152.0M	151.0M	154.0M
Interest Income	3.0M	4.0M	1.0M	3.0M	1.0M
Interest Income Non Operating	3.0M	4.0M	1.0M	3.0M	1.0M
Net Interest Income	-149.0M	-153.0M	-151.0M	-148.0M	-153.0M
Other Income Expense	114.0M	--	--	-2.0M	-10.0M
Special Income Charges	113.0M	0.00	0.00	--	0.00
Restructuring And Mergern Acquisition	0.00	0.00	0.00	--	0.00
Gain On Sale Of Security	1.0M	--	--	-2.0M	-10.0M
Pretax Income	637.0M	398.0M	533.0M	639.0M	744.0M
Tax Provision	148.0M	112.0M	116.0M	137.0M	172.0M
Tax Effect Of Unusual Items	26.5M	0.00	0.00	-440,000	-2.3M
Net Income From Continuing And Discontinued Operation	489.0M	286.0M	417.0M	502.0M	572.0M
Net Income From Continuing Operation Net Minority Interest	489.0M	286.0M	417.0M	502.0M	572.0M
Net Income Including Noncontrolling Interests	489.0M	286.0M	417.0M	502.0M	572.0M
Minority Interests	0.00	0.00	0.00	--	0.00
Net Income Common Stockholders	345.0M	286.0M	417.0M	502.0M	535.0M
Net Income	489.0M	286.0M	417.0M	502.0M	572.0M
EBITDA	1.0B	796.0M	942.0M	1.0B	1.1B
Normalized EBITDA	931.0M	796.0M	942.0M	1.0B	1.1B
Reconciled Depreciation	256.0M	241.0M	257.0M	233.0M	235.0M
Basic EPS	0.78	--	0.65	0.80	--
Diluted EPS	0.78	--	0.65	0.80	--
Basic Average Shares	626.9M	--	581.0M	581.0M	--
Diluted Average Shares	626.9M	--	582.0M	582.0M	--
Total Unusual Items	114.0M	0.00	0.00	-2.0M	-10.0M
Total Unusual Items Excluding Goodwill	114.0M	0.00	0.00	-2.0M	-10.0M
Tax Rate For Calcs	0.23	0.28	0.22	0.22	0.23
Normalized Income	401.5M	286.0M	417.0M	503.6M	579.7M
Diluted NI Availto Com Stockholders	345.0M	286.0M	417.0M	502.0M	535.0M
Net Income Continuous Operations	489.0M	286.0M	417.0M	502.0M	572.0M
Net Non Operating Interest Income Expense	-149.0M	-153.0M	-151.0M	-148.0M	-153.0M
Other Gand A	120.0M	126.0M	97.0M	134.0M	104.0M
Preferred Stock Dividends	--	--	--	--	37.0M
Reconciled Cost Of Revenue	1.1B	1.1B	1.0B	1.4B	1.1B
Total Expenses	1.2B	1.2B	1.1B	1.5B	1.2B
Total Operating Income As Reported	785.0M	551.0M	684.0M	789.0M	907.0M

Line Item	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024
Cash And Cash Equivalents	106.0M	149.0M	210.0M	155.0M	141.0M
Cash Cash Equivalents And Short Term Investments	106.0M	149.0M	210.0M	155.0M	141.0M
Accounts Receivable	686.0M	868.0M	869.0M	938.0M	844.0M
Receivables	821.0M	868.0M	869.0M	978.0M	1.1B
Inventory	284.0M	304.0M	275.0M	253.0M	301.0M
Prepaid Assets	34.0M	--	--	--	35.0M
Current Assets	1.3B	1.3B	1.4B	1.4B	1.6B
Gross PPE	28.3B	28.2B	27.9B	28.0B	27.8B
Accumulated Depreciation	-5.2B	-5.0B	-4.8B	-4.7B	-4.5B
Net PPE	23.1B	23.2B	23.0B	23.3B	23.3B
Goodwill	5.0B	5.0B	5.0B	5.0B	5.0B
Goodwill And Other Intangible Assets	6.3B	6.4B	6.4B	6.5B	6.5B
Other Intangible Assets	1.4B	1.4B	1.4B	1.5B	1.5B
Investments And Advances	4.3B	4.2B	4.3B	4.2B	4.3B
Long Term Equity Investment	4.3B	4.2B	4.3B	4.2B	4.3B
Other Non Current Assets	178.0M	119.0M	116.0M	110.0M	108.0M
Total Non Current Assets	34.3B	34.1B	34.0B	34.3B	34.4B
Total Assets	35.6B	35.4B	35.4B	35.7B	36.0B
Current Debt	600.0M	1.1B	597.0M	975.0M	1.5B
Current Debt And Capital Lease Obligation	683.0M	1.2B	679.0M	1.1B	1.6B
Accounts Payable	559.0M	1.3B	1.0B	1.0B	530.0M
Payables	1.2B	1.3B	1.0B	1.0B	1.2B
Payables And Accrued Expenses	1.2B	1.3B	1.0B	1.0B	1.2B
Current Deferred Revenue	39.0M	47.0M	48.0M	47.0M	43.0M
Other Current Liabilities	122.0M	21.0M	25.0M	53.0M	49.0M
Current Liabilities	2.1B	2.5B	1.8B	2.2B	2.9B
Long Term Debt	12.1B	11.5B	12.1B	11.5B	11.1B
Long Term Debt And Capital Lease Obligation	12.6B	12.1B	12.7B	12.1B	11.7B
Long Term Capital Lease Obligation	539.0M	572.0M	556.0M	561.0M	576.0M
Other Non Current Liabilities	174.0M	167.0M	155.0M	161.0M	183.0M
Total Non Current Liabilities Net Minority Interest	16.7B	15.9B	16.6B	15.9B	15.5B
Total Liabilities Net Minority Interest	18.8B	18.4B	18.4B	18.1B	18.5B
Common Stock	17.0B	17.0B	17.0B	17.0B	17.0B
Capital Stock	18.7B	19.0B	19.0B	19.2B	19.2B
Retained Earnings	-2.4B	-2.4B	-2.3B	-2.2B	-2.3B
Gains Losses Not Affecting Retained Earnings	407.0M	456.0M	335.0M	634.0M	641.0M
Other Equity Adjustments	407.0M	456.0M	335.0M	634.0M	641.0M
Common Stock Equity	15.0B	15.0B	15.1B	15.4B	15.3B
Stockholders Equity	16.8B	17.0B	17.0B	17.6B	17.5B
Total Equity Gross Minority Interest	16.8B	17.0B	17.0B	17.6B	17.5B
Minority Interest	0.00	0.00	0.00	--	0.00
Total Capitalization	28.9B	28.5B	29.2B	29.1B	28.6B
Net Tangible Assets	10.4B	10.6B	10.6B	11.1B	11.0B
Tangible Book Value	8.7B	8.6B	8.7B	8.9B	8.8B
Working Capital	-806.0M	-1.2B	-403.0M	-805.0M	-1.3B
Invested Capital	27.7B	27.7B	27.8B	27.9B	28.0B
Total Debt	13.3B	13.3B	13.4B	13.1B	13.3B
Net Debt	12.6B	12.5B	12.5B	12.3B	12.5B
Share Issued	581.1M	580.9M	580.9M	581.0M	581.0M
Ordinary Shares Number	581.1M	580.9M	580.9M	581.0M	581.0M
Buildings And Improvements	84.0M	--	--	--	98.0M
Capital Lease Obligations	622.0M	657.0M	638.0M	650.0M	665.0M
Construction In Progress	1.0B	879.0M	737.0M	691.0M	565.0M
Current Capital Lease Obligation	83.0M	85.0M	82.0M	89.0M	89.0M
Current Deferred Liabilities	39.0M	47.0M	48.0M	47.0M	43.0M
Derivative Product Liabilities	116.0M	104.0M	107.0M	109.0M	110.0M
Duefrom Related Parties Current	70.0M	--	--	--	37.0M
Dueto Related Parties Current	--	--	--	--	0.00
Financial Assets	114.0M	--	--	--	0.00
Finished Goods	124.0M	--	--	--	149.0M
Hedging Assets Current	14.0M	15.0M	22.0M	22.0M	13.0M
Land And Improvements	650.0M	686.0M	683.0M	694.0M	694.0M
Long Term Provisions	540.0M	521.0M	514.0M	441.0M	426.0M
Machinery Furniture Equipment	9.2B	9.2B	9.1B	9.1B	9.1B
Non Current Accounts Receivable	239.0M	241.0M	243.0M	221.0M	223.0M
Non Current Deferred Assets	--	--	--	--	0.00
Non Current Deferred Liabilities	3.3B	3.0B	3.1B	3.1B	3.1B
Non Current Deferred Revenue	305.0M	144.0M	251.0M	260.0M	255.0M
Non Current Deferred Taxes Assets	--	--	--	--	0.00
Non Current Deferred Taxes Liabilities	3.0B	2.9B	2.9B	2.9B	2.9B
Other Current Borrowings	600.0M	1.1B	597.0M	975.0M	1.5B
Other Payable	662.0M	--	--	--	672.0M
Other Properties	17.3B	17.4B	17.3B	17.4B	17.3B
Other Receivables	46.0M	--	--	--	89.0M
Preferred Shares Number	75.0M	--	--	--	93.0M
Preferred Stock	1.7B	2.0B	2.0B	2.2B	2.2B
Preferred Stock Equity	1.7B	2.0B	2.0B	2.2B	2.2B
Raw Materials	160.0M	--	--	--	152.0M
Taxes Receivable	19.0M	0.00	0.00	40.0M	113.0M

Line Item	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024
Operating Cash Flow	861.0M	810.0M	790.0M	840.0M	902.0M
Cash Flow From Continuing Operating Activities	861.0M	810.0M	790.0M	840.0M	902.0M
Depreciation And Amortization	256.0M	241.0M	257.0M	233.0M	235.0M
Depreciation Amortization Depletion	256.0M	241.0M	257.0M	233.0M	235.0M
Stock Based Compensation	26.0M	39.0M	0.00	29.0M	3.0M
Deferred Tax	148.0M	112.0M	116.0M	137.0M	172.0M
Deferred Income Tax	148.0M	112.0M	116.0M	137.0M	172.0M
Change In Working Capital	164.0M	23.0M	18.0M	16.0M	-73.0M
Change In Other Working Capital	164.0M	23.0M	18.0M	16.0M	-73.0M
Other Non Cash Items	122.0M	137.0M	133.0M	69.0M	735.0M
Capital Expenditure	-235.0M	-178.0M	-197.0M	-174.0M	-242.0M
Purchase Of Business	-127.0M	-108.0M	-126.0M	-49.0M	1.0M
Sale Of Business	0.00	0.00	0.00	--	0.00
Investing Cash Flow	-273.0M	-294.0M	-341.0M	-182.0M	-303.0M
Cash Flow From Continuing Investing Activities	-273.0M	-294.0M	-341.0M	-182.0M	-303.0M
Issuance Of Debt	556.0M	--	281.0M	0.00	0.00
Repayment Of Debt	-516.0M	-141.0M	-20.0M	-186.0M	-134.0M
Net Issuance Payments Of Debt	40.0M	-141.0M	261.0M	-186.0M	-134.0M
Repurchase Of Capital Stock	-225.0M	0.00	-200.0M	-26.0M	0.00
Net Common Stock Issuance	--	--	--	--	0.00
Common Stock Dividend Paid	-412.0M	-413.0M	-412.0M	-401.0M	-401.0M
Common Stock Payments	--	--	--	--	0.00
Financing Cash Flow	-629.0M	-583.0M	-386.0M	-645.0M	-568.0M
Cash Flow From Continuing Financing Activities	-629.0M	-583.0M	-386.0M	-645.0M	-568.0M
Effect Of Exchange Rate Changes	-2.0M	6.0M	-8.0M	1.0M	6.0M
Changes In Cash	-41.0M	-67.0M	63.0M	13.0M	31.0M
Beginning Cash Position	149.0M	210.0M	155.0M	141.0M	104.0M
End Cash Position	106.0M	149.0M	210.0M	155.0M	141.0M
Free Cash Flow	626.0M	632.0M	593.0M	666.0M	660.0M
Capital Expenditure Reported	-235.0M	-178.0M	-197.0M	-174.0M	-242.0M
Cash Dividends Paid	-444.0M	-445.0M	-447.0M	-436.0M	-435.0M
Dividend Received Cfo	148.0M	128.0M	136.0M	132.0M	131.0M
Earnings Losses From Equity Investments	-171.0M	66.0M	-74.0M	-30.0M	-133.0M
Gain Loss On Investment Securities	78.0M	-1.0M	-31.0M	-9.0M	41.0M
Gain Loss On Sale Of Business	--	--	--	--	--
Interest Paid Cfo	-119.0M	-172.0M	-115.0M	-177.0M	-120.0M
Interest Received Cfi	-9.0M	-7.0M	-6.0M	-6.0M	-5.0M
Long Term Debt Issuance	556.0M	--	281.0M	0.00	0.00
Long Term Debt Payments	-516.0M	-141.0M	-20.0M	-186.0M	-134.0M
Net Business Purchase And Sale	-127.0M	-108.0M	-126.0M	-49.0M	1.0M
Net Foreign Currency Exchange Gain Loss	-1.0M	0.00	0.00	2.0M	10.0M
Net Income From Continuing Operations	489.0M	286.0M	417.0M	502.0M	572.0M
Net Long Term Debt Issuance	40.0M	-141.0M	261.0M	-186.0M	-134.0M
Net Other Financing Charges	--	--	--	--	0.00
Net Other Investing Changes	98.0M	-1.0M	-12.0M	47.0M	-57.0M
Net Preferred Stock Issuance	-225.0M	0.00	-200.0M	-26.0M	--
Operating Gains Losses	-184.0M	46.0M	-107.0M	-39.0M	-701.0M
Preferred Stock Dividend Paid	-32.0M	-32.0M	-35.0M	-35.0M	-34.0M
Preferred Stock Payments	-225.0M	0.00	-200.0M	-26.0M	--
Proceeds From Stock Option Exercised	0.00	3.0M	0.00	3.0M	1.0M
Provisionand Write Offof Assets	0.00	0.00	0.00	--	0.00
Taxes Refund Paid	-189.0M	-30.0M	-65.0M	-62.0M	-52.0M