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
DateValue
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