Cash flow Pembina Pipeline Corporation

Stocks

PPL

CA7063271034

Oil & Gas Transportation Services

Market Closed - Toronto S.E. Other stock markets 21:00:00 16/07/2026 BST			5-day change	1st Jan Change
71.56 ^CAD	+1.25%		+5.34%	+36.85%

07-13	Pembina Pipeline Shares Rise After Wells Fargo Upgrade	MT
07-13	Exchange-Traded Funds, Equity Futures Lower Pre-Bell Monday as Renewed US-Iran Conflict Lifts Oil Prices	MT

d7376b41e5f0.S67U4NqWWSapWU0sn5LhcNKt3LBaGz6c_EtOVjgYXCU.G-CYmanSDX-eOg5hzKvWBKXV6MYeQ1WpqD0AJ1xiDX0g6pGklqMMfMAcPg

Published financial data: PEMBINA PIPELINE CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	8.63B	11.61B	9.12B	7.38B	7.78B
Total Revenues	8.63B	11.61B	9.12B	7.38B	7.78B
Cost of Goods Sold, Total	6.13B	8.88B	6.58B	4.4B	4.79B
Gross Profit	2.49B	2.73B	2.54B	2.99B	2.98B
Selling General & Admin Expenses, Total	267M	399M	383M	394M	477M
Depreciation & Amortization - (IS)	39M	-	39M	50M	-
Other Operating Expenses	229M	101M	15M	-50M	-
Other Operating Expenses, Total	535M	500M	437M	394M	477M
Operating Income	1.96B	2.23B	2.11B	2.59B	2.51B
Interest Expense, Total	-424M	-446M	-454M	-575M	-587M
Interest And Investment Income	-	-	-	46M	11M
Net Interest Expenses	-424M	-446M	-454M	-529M	-576M
Income (Loss) On Equity Invest.	281M	361M	316M	328M	209M
Currency Exchange Gains (Loss)	9M	-12M	-15M	-12M	-1M
Other Non Operating Income (Expenses)	-35M	-28M	3M	-20M	-25M
EBT, Excl. Unusual Items	1.79B	2.11B	1.96B	2.36B	2.11B
Restructuring Charges	-	-	-	-	-15M
Merger & Related Restructuring Charges	350M	-	-	-25M	-5M
Gain (Loss) On Sale Of Investments	-22M	-	-	-	-
Gain (Loss) On Sale Of Assets	-	1.11B	-	-	113M
Asset Writedown	-452M	-	231M	-	-
Other Unusual Items	-	-	-	-616M	-
EBT, Incl. Unusual Items	1.66B	3.22B	2.19B	1.72B	2.21B
Income Tax Expense	423M	248M	413M	-154M	513M
Earnings From Continuing Operations	1.24B	2.97B	1.78B	1.87B	1.69B
Net Income to Company	1.24B	2.97B	1.78B	1.87B	1.69B
Minority Interest	-	-	-	-10M	-
Net Income - (IS)	1.24B	2.97B	1.78B	1.86B	1.69B
Preferred Dividend and Other Adjustments	144M	129M	128M	143M	144M
Net Income to Common Incl Extra Items	1.1B	2.84B	1.65B	1.72B	1.55B
Net Income to Common Excl. Extra Items	1.1B	2.84B	1.65B	1.72B	1.55B
Per Share Items
Net EPS - Basic	2	5.14	3	3	2.67
Basic EPS - Continuing Operations	2	5.14	3	3	2.67
Basic Weighted Average Shares Outstanding	550M	553M	550M	573M	581M
Net EPS - Diluted	1.99	5.12	2.99	3	2.66
Diluted EPS - Continuing Operations	1.99	5.12	2.99	3	2.66
Diluted Weighted Average Shares Outstanding	551M	554M	551M	574M	582M
Normalized Basic EPS	2.03	2.38	2.22	2.56	2.27
Normalized Diluted EPS	2.03	2.38	2.22	2.55	2.27
Dividend Per Share	2.52	2.55	2.66	2.74	2.84
Payout Ratio	122.46	55.57	88.91	91.26	104.6
Supplemental Items
EBITDA	2.59B	2.85B	2.71B	3.4B	3.44B
EBITA	2.06B	2.34B	2.22B	2.73B	2.67B
EBIT	1.96B	2.23B	2.11B	2.59B	2.51B
Effective Tax Rate - (Ratio)	25.41	7.7	18.87	-8.95	23.24
Total Current Taxes	286M	227M	325M	261M	432M
Total Deferred Taxes	137M	21M	88M	-415M	81M
Normalized Net Income	1.12B	1.32B	1.22B	1.47B	1.32B
Interest Capitalized	25M	21M	15M	23M	27M
Interest on Long-Term Debt	449M	467M	469M	601M	615M
Non-Cash Pension Expense	2M	-1M	-1M	-1M	-1M
Supplemental Operating Expense Items
General and Administrative Expenses	92M	399M	140M	147M	477M
Stock-Based Comp., G&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	100M	126M	72M	84M	94M
Total Stock-Based Compensation	100M	126M	72M	84M	94M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	43M	94M	137M	141M	106M
Trading Asset Securities, Total	-	16M	-	-	-
Total Cash And Short Term Investments	43M	110M	137M	141M	106M
Accounts Receivable, Total	750M	696M	698M	844M	686M
Other Receivables	30M	166M	1.36B	239M	135M
Total Receivables	780M	862M	2.05B	1.08B	821M
Inventory	376M	269M	333M	301M	284M
Prepaid Expenses	32M	32M	28M	35M	34M
Other Current Assets, Total	14M	89M	81M	13M	14M
Total Current Assets	1.24B	1.36B	2.63B	1.57B	1.26B
Gross Property Plant And Equipment	22.7B	19.82B	20.28B	27.79B	28.26B
Accumulated Depreciation	-3.92B	-3.79B	-3.96B	-4.53B	-5.18B
Net Property Plant And Equipment	18.77B	16.04B	16.32B	23.27B	23.08B
Long-term Investments	4.62B	7.38B	6.99B	4.27B	4.34B
Goodwill	4.69B	4.56B	4.55B	5.02B	4.99B
Other Intangibles, Total	1.54B	1.57B	1.51B	1.5B	1.36B
Accounts Receivable Long-Term	211M	219M	230M	223M	239M
Deferred Tax Assets Long-Term	257M	261M	285M	-	-
Other Long-Term Assets, Total	109M	81M	97M	108M	292M
Total Assets	31.46B	31.48B	32.62B	35.97B	35.56B
Liabilities
Accounts Payable, Total	652M	571M	555M	530M	559M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	1B	600M	650M	1.52B	600M
Current Portion of Leases	88M	79M	77M	89M	83M
Current Income Taxes Payable	-	-	18M	-	-
Unearned Revenue Current, Total	71M	56M	33M	43M	39M
Other Current Liabilities	579M	740M	1.89B	721M	784M
Total Current Liabilities	2.39B	2.05B	3.22B	2.91B	2.06B
Long-Term Debt	10.24B	10B	9.85B	11.13B	12.09B
Long-Term Leases	635M	596M	567M	576M	539M
Unearned Revenue Non Current	220M	138M	126M	255M	305M
Pension & Other Post Retirement Benefits	-	-	-	-	-
Deferred Tax Liability Non Current	3.01B	2.51B	2.62B	2.87B	2.96B
Other Non Current Liabilities	598M	399M	419M	719M	830M
Total Liabilities	17.09B	15.69B	16.8B	18.46B	18.78B
Preferred Stock Redeemable	2.52B	2.21B	2.2B	2.16B	1.73B
Total Preferred Equity	2.52B	2.21B	2.2B	2.16B	1.73B
Common Stock, Total	15.68B	15.79B	15.76B	17.01B	17.02B
Retained Earnings	-3.92B	-2.61B	-2.37B	-2.3B	-2.38B
Comprehensive Income and Other	28M	341M	221M	641M	407M
Total Common Equity	11.79B	13.52B	13.61B	15.35B	15.04B
Minority Interest	60M	60M	-	-	-
Total Equity	14.36B	15.79B	15.81B	17.51B	16.77B
Total Liabilities And Equity	31.46B	31.48B	32.62B	35.97B	35.56B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	550M	550M	549M	581M	581M
ECS Total Common Shares Outstanding	550M	550M	549M	581M	581M
Book Value / Share	21.43	24.58	24.8	26.41	25.89
Tangible Book Value	5.55B	7.39B	7.55B	8.82B	8.7B
Tangible Book Value Per Share	10.09	13.44	13.75	15.18	14.97
Total Debt	11.96B	11.28B	11.14B	13.32B	13.31B
Net Debt	11.92B	11.16B	11.01B	13.18B	13.2B
Debt Equivalent of Unfunded Proj. Benefit Obligation	6M	-6M	9M	-8M	-37M
Minority Interest, Total (Incl. Fin. Div)	60M	60M	-	-	-
Equity Method Investments, Total	4.62B	7.37B	6.99B	4.27B	4.34B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	100M	85M	84M	152M	160M
Inventories - Finished Goods, Total	276M	184M	249M	149M	124M
Land - (BS)	456M	481M	480M	694M	650M
Full Time Employees	2.35K	-	-	3K	2.97K
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	1.24B	2.97B	1.78B	1.86B	1.69B
Depreciation & Amortization - CF	623M	590M	569M	746M	845M
Amortization of Goodwill and Intangible Assets - (CF)	100M	109M	110M	136M	167M
Depreciation & Amortization, Total	723M	699M	679M	882M	1.01B
(Gain) Loss From Sale Of Asset	-	-1.11B	-20M	-27M	-113M
(Gain) Loss on Sale of Investments - (CF)	22M	-	-	-	-
Asset Writedown & Restructuring Costs	452M	-	-231M	-	-
(Income) Loss On Equity Investments - (CF)	180M	312M	503M	298M	335M
Stock-Based Compensation (CF)	68M	81M	-5M	-7M	5M
Other Operating Activities, Total	63M	-201M	143M	247M	147M
Change in Other Net Operating Assets	-100M	177M	-210M	-43M	221M
Cash from Operations	2.65B	2.93B	2.64B	3.21B	3.3B
Capital Expenditure	-683M	-626M	-621M	-981M	-812M
Sale of Property, Plant, and Equipment	-	31M	17M	38M	139M
Cash Acquisitions	-41M	-	-	-2.62B	-
Divestitures	-	609M	-	-	-
Investment in Marketable and Equity Securities, Total	-335M	-95M	-234M	-308M	-410M
Net (Increase) Decrease in Loans Originated / Sold - Investing	11M	13M	13M	-	-
Other Investing Activities, Total	9M	-86M	36M	-42M	-7M
Cash from Investing	-1.04B	-154M	-789M	-3.91B	-1.09B
Long-Term Debt Issued, Total	1.59B	339M	504M	2.73B	1.21B
Total Debt Issued	1.59B	339M	504M	2.73B	1.21B
Long-Term Debt Repaid, Total	-1.31B	-1.08B	-676M	-1.36B	-1.24B
Total Debt Repaid	-1.31B	-1.08B	-676M	-1.36B	-1.24B
Issuance of Common Stock	16M	310M	1M	1.24B	6M
Repurchase of Common Stock	-17M	-333M	-50M	-	-
Issuance of Preferred Stock	-	-	-	-	-
Repurchase of Preferred Stock	-420M	-300M	-	-	-451M
Common Dividends Paid	-1.39B	-1.52B	-1.46B	-1.57B	-1.64B
Preferred Dividends Paid	-135M	-126M	-120M	-132M	-134M
Common & Preferred Stock Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-1.52B	-1.65B	-1.58B	-1.7B	-1.77B
Other Financing Activities, Total	-	-	-	-232M	-
Cash from Financing	-1.66B	-2.72B	-1.8B	678M	-2.24B
Foreign Exchange Rate Adjustments	16M	9M	-2M	11M	-3M
Net Change in Cash	-38M	64M	44M	-10M	-35M
Supplemental Items
Cash Income Tax Paid (Refund)	355M	334M	236M	404M	346M
Levered Free Cash Flow	1.03B	1.33B	1.05B	1.11B	1.86B
Unlevered Free Cash Flow	1.29B	1.61B	1.33B	1.47B	2.23B
Change In Net Working Capital	73M	-14M	113M	136M	-367M
Net Debt Issued / Repaid	277M	-746M	-172M	1.37B	-26M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	3.89	4.44	4.11	4.73	4.38
Return on Total Capital	4.62	5.23	4.88	5.61	5.14
Return On Equity %	8.46	19.71	11.24	11.25	9.88
Return on Common Equity	9.23	22.46	12.15	11.89	10.2
Margin Analysis
Gross Profit Margin %	28.9	23.55	27.89	40.47	38.36
SG&A Margin	3.09	3.44	4.2	5.34	6.13
EBITDA Margin %	30.02	24.55	29.72	46.03	44.18
EBITA Margin %	23.86	20.18	24.31	36.97	34.38
EBIT Margin %	22.7	19.24	23.1	35.13	32.23
Income From Continuing Operations Margin %	14.4	25.59	19.46	25.38	21.78
Net Income Margin %	14.4	25.59	19.46	25.24	21.78
Net Avail. For Common Margin %	12.73	24.48	18.06	23.31	19.93
Normalized Net Income Margin	12.96	11.35	13.41	19.85	16.99
Levered Free Cash Flow Margin	11.89	11.46	11.52	15.04	23.93
Unlevered Free Cash Flow Margin	14.96	13.86	14.62	19.91	28.64
Asset Turnover
Asset Turnover	0.27	0.37	0.28	0.22	0.22
Fixed Assets Turnover	0.45	0.67	0.56	0.37	0.34
Receivables Turnover (Average Receivables)	12.99	16.14	13.09	9.58	10.17
Inventory Turnover (Average Inventory)	20.55	27.53	21.86	13.87	16.39
Short Term Liquidity
Current Ratio	0.52	0.67	0.82	0.54	0.61
Quick Ratio	0.34	0.48	0.68	0.42	0.45
Operating Cash Flow to Current Liabilities	1.11	1.43	0.82	1.11	1.6
Days Sales Outstanding (Average Receivables)	28.09	22.62	27.88	38.22	35.9
Days Outstanding Inventory (Average Inventory)	17.76	13.26	16.7	26.39	22.27
Average Days Payable Outstanding	31.51	24.89	30.93	45.5	41.6
Cash Conversion Cycle (Average Days)	14.34	10.99	13.65	19.11	16.57
Long Term Solvency
Total Debt/Equity	83.28	71.41	70.47	76.08	79.36
Total Debt / Total Capital	45.44	41.66	41.34	43.21	44.25
LT Debt/Equity	75.71	67.11	65.87	66.86	75.29
Long-Term Debt / Total Capital	41.31	39.15	38.64	37.97	41.98
Total Liabilities / Total Assets	54.34	49.84	51.52	51.32	52.83
EBIT / Interest Expense	4.62	5.01	4.64	4.51	4.27
EBITDA / Interest Expense	6.32	6.58	6.14	6.05	5.99
(EBITDA - Capex) / Interest Expense	4.71	5.17	4.77	4.34	4.61
Total Debt / EBITDA	4.46	3.84	4	3.83	3.78
Net Debt / EBITDA	4.45	3.81	3.95	3.79	3.75
Total Debt / (EBITDA - Capex)	5.99	4.89	5.14	5.34	4.92
Net Debt / (EBITDA - Capex)	5.97	4.84	5.08	5.28	4.88
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	44.92	34.59	-21.41	16.63	5.34
Gross Profit, 1 Yr. Growth %	20.43	9.67	-6.91	18.38	-0.13
EBITDA, 1 Yr. Growth %	6.1	9.4	-4.88	22.09	1.72
EBITA, 1 Yr. Growth %	6.36	12.97	-5.34	19.21	-1.29
EBIT, 1 Yr. Growth %	8.06	14.1	-5.64	18.99	-2.57
Earnings From Cont. Operations, 1 Yr. Growth %	-493.04	139.21	-40.22	5.52	-9.61
Net Income, 1 Yr. Growth %	-493.04	139.21	-40.22	4.95	-9.12
Normalized Net Income, 1 Yr. Growth %	31.54	17.89	-7.16	15.52	-9.04
Diluted EPS Before Extra, 1 Yr. Growth %	-329.94	157.29	-41.6	0.33	-11.33
Accounts Receivable, 1 Yr. Growth %	29.76	-6.33	0.29	20.92	-18.72
Inventory, 1 Yr. Growth %	70.14	-28.46	23.79	-9.61	-5.65
Net Property, Plant and Equip., 1 Yr. Growth %	-2.22	-14.58	1.78	42.56	-0.83
Total Assets, 1 Yr. Growth %	0.13	0.06	3.59	10.27	-1.15
Tangible Book Value, 1 Yr. Growth %	-2.13	33.2	2.15	16.81	-1.37
Common Equity, 1 Yr. Growth %	-1.86	14.72	0.69	12.72	-1.98
Cash From Operations, 1 Yr. Growth %	17.67	10.53	-10.04	21.97	2.71
Capital Expenditures, 1 Yr. Growth %	-36.47	-8.35	-0.8	57.97	-17.23
Levered Free Cash Flow, 1 Yr. Growth %	220.67	27.6	-20.79	1.38	69.53
Unlevered Free Cash Flow, 1 Yr. Growth %	126.25	23.05	-16.87	6.58	52.9
Dividend Per Share, 1 Yr. Growth %	0	1.19	4.12	3.11	3.74
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	9.23	39.66	2.85	-20.25	10.84
Gross Profit, 2 Yr. CAGR %	10.36	14.92	1.04	4.54	8.73
EBITDA, 2 Yr. CAGR %	8.38	8.07	2.01	9.19	11.09
EBITA, 2 Yr. CAGR %	6.78	10.04	3.41	7.94	8.06
EBIT, 2 Yr. CAGR %	5.6	11.04	3.76	7.76	7.24
Earnings From Cont. Operations, 2 Yr. CAGR %	-9.22	206.63	19.58	-20.58	-2.34
Net Income, 2 Yr. CAGR %	-9.22	206.63	19.58	-20.79	-2.34
Normalized Net Income, 2 Yr. CAGR %	-1.45	24.53	4.62	5.45	2.05
Diluted EPS Before Extra, 2 Yr. CAGR %	-13.83	143.23	22.58	-23.45	-5.68
Accounts Receivable, 2 Yr. CAGR %	14.21	9.73	-3.08	10.12	-0.86
Inventory, 2 Yr. CAGR %	72.75	10.33	-5.89	5.78	-7.65
Net Property, Plant and Equip., 2 Yr. CAGR %	-0.73	-8.61	-6.76	20.46	18.91
Total Assets, 2 Yr. CAGR %	-2	0.09	1.83	6.88	4.41
Tangible Book Value, 2 Yr. CAGR %	-13.46	14.17	16.65	9.24	7.33
Common Equity, 2 Yr. CAGR %	-7.76	6.11	7.48	6.54	5.11
Cash From Operations, 2 Yr. CAGR %	2.3	14.04	-0.28	4.75	11.93
Capital Expenditures, 2 Yr. CAGR %	-36.37	-23.69	-4.65	25.18	14.35
Levered Free Cash Flow, 2 Yr. CAGR %	362.27	103.95	0.38	-8.49	30.32
Unlevered Free Cash Flow, 2 Yr. CAGR %	131.67	67.95	1.02	-4.3	27.08
Dividend Per Share, 2 Yr. CAGR %	3.33	0.59	2.64	3.61	3.43
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	5.48	17.11	15.3	-5.05	-12.5
Gross Profit, 3 Yr. CAGR %	9.59	10.13	7.13	6.22	2.96
EBITDA, 3 Yr. CAGR %	8.3	8.94	3.57	9.26	6.42
EBITA, 3 Yr. CAGR %	7.23	9.08	4.66	9.59	4.5
EBIT, 3 Yr. CAGR %	6.74	8.36	5.17	9.83	3.92
Earnings From Cont. Operations, 3 Yr. CAGR %	-0.95	25.39	77.79	14.7	-17.08
Net Income, 3 Yr. CAGR %	-0.95	25.39	77.79	14.49	-17.08
Normalized Net Income, 3 Yr. CAGR %	0.89	4.62	12.92	9.44	0.08
Diluted EPS Before Extra, 3 Yr. CAGR %	-4.34	24.08	51.17	14.66	-19.61
Accounts Receivable, 3 Yr. CAGR %	14.47	6.57	6.49	4.34	-0.48
Inventory, 3 Yr. CAGR %	23.83	28.76	14.64	-7.15	1.83
Net Property, Plant and Equip., 3 Yr. CAGR %	8.42	-5.58	-5.27	7.42	12.9
Total Assets, 3 Yr. CAGR %	5.66	-1.32	1.26	4.57	4.13
Tangible Book Value, 3 Yr. CAGR %	-9.61	-0.08	10.02	16.7	5.58
Common Equity, 3 Yr. CAGR %	-0.38	-0.8	4.27	9.2	3.62
Cash From Operations, 3 Yr. CAGR %	5.51	4.97	5.38	6.64	4.07
Capital Expenditures, 3 Yr. CAGR %	-18.49	-28.14	-16.72	12.83	9.06
Levered Free Cash Flow, 3 Yr. CAGR %	228.26	202.64	48.65	2.13	11.95
Unlevered Free Cash Flow, 3 Yr. CAGR %	86.1	88.44	32.75	3.98	11.54
Dividend Per Share, 3 Yr. CAGR %	4	2.61	1.75	2.8	3.66
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	15.13	16.55	4.42	0.42	5.49
Gross Profit, 5 Yr. CAGR %	18.39	13.86	6.09	7.86	7.59
EBITDA, 5 Yr. CAGR %	18.45	13.51	5.87	9.04	7.08
EBITA, 5 Yr. CAGR %	18.93	14.72	5.85	8.63	6.68
EBIT, 5 Yr. CAGR %	19.37	14.83	5.54	8.12	6.71
Earnings From Cont. Operations, 5 Yr. CAGR %	21.66	27.46	6.8	4.46	39.91
Net Income, 5 Yr. CAGR %	21.66	27.46	6.8	4.34	39.91
Normalized Net Income, 5 Yr. CAGR %	22.22	14.97	2.37	4.95	9.22
Diluted EPS Before Extra, 5 Yr. CAGR %	14.53	22.46	5.64	2.28	25.18
Accounts Receivable, 5 Yr. CAGR %	36.03	31.5	6.9	7.98	3.49
Inventory, 5 Yr. CAGR %	15.74	9.87	10.96	19.03	5.14
Net Property, Plant and Equip., 5 Yr. CAGR %	10.63	3.43	2.07	4.08	3.75
Total Assets, 5 Yr. CAGR %	15.94	4.25	4.11	1.89	2.51
Tangible Book Value, 5 Yr. CAGR %	7.01	2.15	0.1	3.55	8.94
Common Equity, 5 Yr. CAGR %	11.67	3.55	2.69	2.07	4.61
Cash From Operations, 5 Yr. CAGR %	19.73	14.12	3.15	4.89	7.95
Capital Expenditures, 5 Yr. CAGR %	-17.77	-19.93	-13.21	-10.28	-5.46
Levered Free Cash Flow, 5 Yr. CAGR %	2.93	11.29	105.03	87.45	42.22
Unlevered Free Cash Flow, 5 Yr. CAGR %	9.55	19.06	46.13	43.63	31.32
Dividend Per Share, 5 Yr. CAGR %	5.84	4.56	3.46	3.01	2.42