Pembina Pipeline (PBA) Operating Expenses (2011 - 2026)
Pembina Pipeline (PBA) reported Operating Expenses of $159.7 million for Q1 2026, up 1.39% on a YoY basis from $157.5 million in Q1 2025, and up 85.58% sequentially from $86.1 million in Q4 2025.
Pembina Pipeline (PBA) Operating Expenses (2011 - 2026) Analysis & Trends
Pembina Pipeline (PBA) has 16 years of Operating Expenses data on file, last reported at $159.7 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 1.39% year-over-year to $159.7 million; the trailing twelve-month figure through Mar 2026 stood at $603.5 million (down 2.26% YoY), and the FY2025 full-year result was $961.0 million, down 1.54% from the prior year.
- Operating Expenses improved to $159.7 million in Q1 2026, from $86.1 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $203.1 million in Q3 2024 to a low of $81.4 million in Q4 2024.
- A 5-year average of $152.0 million and a median of $159.7 million in 2026 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses sank 41.01% in 2023 and advanced 24.71% in 2024, its largest moves.
- Tracing PBA's Operating Expenses over 5 years: stood at $176.8 million in 2022, then tumbled by 41.01% to $104.3 million in 2023, then fell by 21.91% to $81.4 million in 2024, then increased by 5.65% to $86.1 million in 2025, then soared by 85.58% to $159.7 million in 2026.
- Business Quant data shows PBA's Operating Expenses at $159.7 million in Q1 2026, $86.1 million in Q4 2025, and $188.2 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 78.81 Mn |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | -21.81 Mn |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 3.13 Bn |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 13.95 Bn |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 12.50 Bn |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 915.00 Mn |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 24.79 Bn |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 333.70 Mn |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 7.00 Mn |
| 10 | Pembina Pipeline | 29.74 Bn | 29.46 Bn | 677.43 Mn | 159.70 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 159.70 Mn |
| Dec 31, 2025 | 86.05 Mn |
| Sep 30, 2025 | 188.20 Mn |
| Jun 30, 2025 | 169.60 Mn |
| Mar 31, 2025 | 157.50 Mn |
| Dec 31, 2024 | 81.45 Mn |
| Sep 30, 2024 | 203.06 Mn |
| Jun 30, 2024 | 175.47 Mn |
| Mar 31, 2024 | 140.26 Mn |
| Dec 31, 2023 | 104.30 Mn |
| Sep 30, 2023 | 163.36 Mn |
| Jun 30, 2023 | 140.70 Mn |
| Mar 31, 2023 | 147.94 Mn |
| Dec 31, 2022 | 176.81 Mn |
| Sep 30, 2022 | 172.52 Mn |
| Jun 30, 2022 | 165.50 Mn |
| Mar 31, 2022 | 152.37 Mn |
| Dec 31, 2021 | 163.43 Mn |
| Sep 30, 2021 | 148.55 Mn |
| Jun 30, 2021 | 151.32 Mn |