Pembina Pipeline (PBA) Operating Expenses (2011 - 2026)
Pembina Pipeline's (PBA) quarterly Operating Expenses came in at $132.0 million in Q2 2026, down 43.83% year-over-year from $235.0 million in Q2 2025, and down 39.73% quarter-over-quarter from $219.0 million in Q1 2026.
Analysis
Pembina Pipeline (PBA) Operating Expenses (2011 - 2026) Analysis & Trends
Pembina Pipeline has disclosed Operating Expenses across 16 years of filings, most recently posting $132.0 million for Q2 2026.
- In Q2 2026, Operating Expenses fell 43.83% year-over-year to $132.0 million; the TTM figure through Jun 2026 stood at $712.0 million (down 4.43% YoY), while the FY2025 annual figure was $687.8 million, down 3.52% from the prior year.
- Operating Expenses came in at $132.0 million for Q2 2026 at Pembina Pipeline, down from $219.0 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $277.0 million in Q3 2024 to a low of $7.0 million in Q4 2024.
- Average Operating Expenses over 5 years is $160.7 million, with a median of $189.0 million recorded in 2024.
- Year-over-year, Operating Expenses plunged 60.19% in 2023 and soared 185.71% in 2024.
- Over 5 years, Operating Expenses stood at $76.0 million in 2022, then surged by 36.84% to $104.0 million in 2023, then tumbled by 93.27% to $7.0 million in 2024, then jumped by 1700.0% to $126.0 million in 2025, then grew by 4.76% to $132.0 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $132.0 million in Q2 2026, $219.0 million in Q1 2026, and $126.0 million in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn | 3.13 Bn |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | 16.13 Bn |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 30.76 Bn |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | - |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | 354.10 Mn |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 1.93 Bn |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 4.00 Mn |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 19.09 Bn |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | 132.00 Mn |
| 10 | Gas Transporter Of The South | 21.92 Bn | -3,019.13 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 132.00 Mn |
| Mar 31, 2026 | 219.00 Mn |
| Sep 30, 2025 | 126.00 Mn |
| Jun 30, 2025 | 235.00 Mn |
| Mar 31, 2025 | 226.00 Mn |
| Dec 31, 2024 | 7.00 Mn |
| Sep 30, 2024 | 277.00 Mn |
| Jun 30, 2024 | 240.00 Mn |
| Mar 31, 2024 | 189.00 Mn |
| Sep 30, 2023 | 104.00 Mn |
| Jun 30, 2023 | 84.00 Mn |
| Mar 31, 2023 | 92.00 Mn |
| Sep 30, 2022 | 76.00 Mn |
| Jun 30, 2022 | 211.00 Mn |
| Mar 31, 2022 | 193.00 Mn |
| Dec 31, 2021 | 448.00 Mn |
| Sep 30, 2021 | 187.00 Mn |
| Jun 30, 2021 | 186.00 Mn |
| Mar 31, 2021 | 87.00 Mn |
| Sep 30, 2020 | 56.00 Mn |