Pembina Pipeline (PBA) Gross Margin (2011 - 2026)
Pembina Pipeline (PBA) reported Gross Margin of 43.36% for Q2 2026, down 0.17 percentage points from 43.53% a year earlier and down 0.76 percentage points from the prior quarter.
Powered by 
Analysis
Pembina Pipeline (PBA) Gross Margin (2011 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Pembina Pipeline's Gross Margin came in at 42.09%, up 8.41 percentage points year-over-year; for FY2025, it was 41.05%, down 3.86 percentage points from FY2024.
- Gross Margin has a five-year change of +7.32 percentage points (FY2020 to FY2025).
- By year, Gross Margin came in at 44.91% in FY2024 (+0.05 pp), 44.86% in FY2023 (+17.96 pp), 26.90% in FY2022 (-3.79 pp) and 30.68% in FY2021 (-3.05 pp).
- Five-year quarterly Gross Margin spans a low of 22.97% in Q2 2022 and a high of 47.40% in Q1 2024.
- Year over year, Gross Margin gained in 1 of the last six quarters, with an average year-over-year change of -2.07 percentage points.
- The high point for year-over-year Gross Margin in five years was Q2 2023 (a gain of 23.37 percentage points); the low point was Q1 2025 (a drop of 6.74 percentage points).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 104.84 Bn | 100.44 Bn | 4.84 Bn | 22.85% |
| 2 | Williams Companies | 89.20 Bn | 87.92 Bn | 2.54 Bn | 83.13% |
| 3 | Enterprise Products Partners | 79.12 Bn | 77.51 Bn | - | - |
| 4 | Kinder Morgan | 75.45 Bn | 75.15 Bn | 3.07 Bn | 68.62% |
| 5 | Energy Transfer | 69.26 Bn | 62.44 Bn | 7.40 Bn | 21.55% |
| 6 | Tc Energy | 64.74 Bn | 60.82 Bn | 2.81 Bn | 98.16% |
| 7 | Targa Resources | 63.52 Bn | 63.00 Bn | 2.14 Bn | 48.15% |
| 8 | Cheniere Energy | 59.48 Bn | 54.30 Bn | 5.29 Bn | 92.34% |
| 9 | Mplx | 59.26 Bn | 52.82 Bn | 2.91 Bn | 87.77% |
| 10 | Pembina Pipeline | 29.43 Bn | 28.88 Bn | 933.00 Mn | 43.36% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 43.36% |
| Mar 31, 2026 | 44.11% |
| Sep 30, 2025 | 36.74% |
| Jun 30, 2025 | 43.53% |
| Mar 31, 2025 | 40.67% |
| Sep 30, 2024 | 40.51% |
| Jun 30, 2024 | 43.94% |
| Mar 31, 2024 | 47.40% |
| Dec 31, 2021 | 30.66% |
| Dec 31, 2020 | 14.70% |
| Mar 31, 2020 | 43.57% |
| Dec 31, 2019 | 34.38% |
| Mar 31, 2019 | 29.88% |
| Dec 31, 2018 | 38.41% |
| Mar 31, 2018 | 30.92% |
| Dec 31, 2017 | 32.34% |
| Sep 30, 2017 | 23.81% |
| Jun 30, 2017 | 23.21% |
| Mar 31, 2017 | 25.41% |
| Dec 31, 2016 | 21.58% |
API Access
Pembina Pipeline Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=PBA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "PBA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=PBA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();