Pembina Pipeline (PBA) Net Margin (2011 - 2026)
Pembina Pipeline's (PBA) quarterly Net Margin came in at 23.7% in Q2 2026, up 54.0% year-over-year from 15.39% in Q2 2025, and up 0.62% quarter-over-quarter from 23.55% in Q1 2026.
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Analysis
Pembina Pipeline (PBA) Net Margin (2011 - 2026) Analysis & Trends
Pembina Pipeline has disclosed Net Margin across 16 years of filings, most recently posting 23.7% for Q2 2026.
- In Q2 2026, Net Margin rose 54.0% year-over-year to 23.7%; the TTM figure through Jun 2026 stood at 21.73% (up 485.0% YoY), while the FY2025 annual figure was 23.5%, down 366.0% from the prior year.
- Net Margin came in at 23.7% for Q2 2026 at Pembina Pipeline, up from 23.55% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 64.59% in Q3 2022 to a low of 12.44% in Q2 2022.
- Average Net Margin over 5 years is 23.96%, with a median of 23.16% recorded in 2025.
- Year-over-year, Net Margin soared 3881 bps in 2022 and plunged 4074 bps in 2023.
- Over 5 years, Net Margin stood at 12.75% in 2022, then jumped by 87 bps to 23.85% in 2023, then retreated by 14 bps to 20.61% in 2024, then decreased by 23 bps to 15.8% in 2025, then surged by 50 bps to 23.7% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 23.7% in Q2 2026, 23.55% in Q1 2026, and 15.8% in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn | 19.97% |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | 10.16% |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 5.90% |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | 24.94% |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | 17.22% |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 32.82% |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 8.03% |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 4.76% |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | 23.70% |
| 10 | Gas Transporter Of The South | 21.92 Bn | -3,019.13 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.70% |
| Mar 31, 2026 | 23.55% |
| Sep 30, 2025 | 15.80% |
| Jun 30, 2025 | 23.16% |
| Mar 31, 2025 | 21.87% |
| Sep 30, 2024 | 20.61% |
| Jun 30, 2024 | 25.28% |
| Mar 31, 2024 | 28.25% |
| Sep 30, 2023 | 23.85% |
| Jun 30, 2023 | 25.25% |
| Mar 31, 2023 | 22.62% |
| Dec 31, 2022 | 12.75% |
| Sep 30, 2022 | 64.59% |
| Jun 30, 2022 | 12.44% |
| Mar 31, 2022 | 15.77% |
| Dec 31, 2021 | 13.29% |
| Sep 30, 2021 | 25.78% |
| Jun 30, 2021 | 12.95% |
| Mar 31, 2021 | 22.67% |
| Sep 30, 2020 | 20.20% |