Pembina Pipeline (PBA) Net Margin (2011 - 2026)
Pembina Pipeline (PBA) reported Net Margin of 23.65% for Q1 2026, up 165.0% on a YoY basis from 8.92% in Q1 2025, and up 588.41% sequentially from 3.43% in Q4 2025.
Pembina Pipeline (PBA) Net Margin (2011 - 2026) Analysis & Trends
Pembina Pipeline (PBA) has 16 years of Net Margin data on file, last reported at 23.65% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin rose 165.0% year-over-year to 23.65%; the trailing twelve-month figure through Mar 2026 stood at 16.7% (down 1382.0% YoY), and the FY2025 full-year result was 30.43%, down 432.0% from the prior year.
- Net Margin advanced to 23.65% in Q1 2026, from 3.43% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 863.5% in Q4 2023 to a low of 3.43% in Q4 2025.
- A 5-year average of 73.84% and a median of 23.27% in 2025 frame the typical range for Net Margin.
- Across the five-year window, Net Margin surged 85450 bps in 2023 and tumbled 81151 bps in 2024, its largest moves.
- Tracing PBA's Net Margin over 5 years: stood at 9.0% in 2022, then surged by 9491 bps to 863.5% in 2023, then slumped by 94 bps to 51.99% in 2024, then tumbled by 93 bps to 3.43% in 2025, then jumped by 588 bps to 23.65% in 2026.
- Business Quant data shows PBA's Net Margin at 23.65% in Q1 2026, 3.43% in Q4 2025, and 15.97% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 88.32% |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | 21.07% |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 19.97% |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 7.47% |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 10.40% |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 0.05% |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 4.30% |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 11.71% |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 8.07% |
| 10 | Pembina Pipeline | 29.74 Bn | 29.46 Bn | 677.43 Mn | 23.65% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 23.65% |
| Dec 31, 2025 | 3.43% |
| Sep 30, 2025 | 15.97% |
| Jun 30, 2025 | 23.27% |
| Mar 31, 2025 | 22.00% |
| Dec 31, 2024 | 51.99% |
| Sep 30, 2024 | 20.88% |
| Jun 30, 2024 | 25.82% |
| Mar 31, 2024 | 28.44% |
| Dec 31, 2023 | 863.50% |
| Sep 30, 2023 | 23.78% |
| Jun 30, 2023 | 25.53% |
| Mar 31, 2023 | 22.81% |
| Dec 31, 2022 | 9.00% |
| Sep 30, 2022 | 65.82% |
| Jun 30, 2022 | 13.51% |
| Mar 31, 2022 | 15.83% |
| Dec 31, 2021 | 3.13% |
| Sep 30, 2021 | 27.36% |
| Jun 30, 2021 | 13.35% |