Pembina Pipeline (PBA) Operating Expenses (2011 - 2026)
Pembina Pipeline (PBA) posted Operating Expenses of $159.7 million for Q1 2026, up 85.58% sequentially from $86.1 million in Q4 2025, and up 1.39% YoY from $157.5 million in Q1 2025.
Pembina Pipeline (PBA) Operating Expenses (2011 - 2026) Analysis & Trends
Pembina Pipeline has reported Operating Expenses for 16 years, with the latest figure at $159.7 million in Q1 2026.
- Quarterly Operating Expenses rose 1.39% year-over-year to $159.7 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $603.5 million (up 20.13% YoY) and the FY2025 annual result came in at $961.0 million, down 1.54% from the prior year.
- Operating Expenses improved to $159.7 million in Q1 2026 per PBA's latest filing, from $86.1 million in the prior quarter.
- Over five years, Operating Expenses peaked at $188.2 million in Q3 2025 and troughed at $81.4 million in Q4 2024.
- A 5-year average of $145.3 million and a median of $157.5 million in 2025 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses slumped 46.15% in 2024, then surged 113.94% in 2025.
- Over 5 years, Operating Expenses stood at $176.8 million in 2022, then slumped by 41.01% to $104.3 million in 2023, then slipped by 21.91% to $81.4 million in 2024, then advanced by 5.65% to $86.1 million in 2025, then soared by 85.58% to $159.7 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $159.7 million, $86.1 million, and $188.2 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 3.13 Bn |
| 2 | Enbridge | 110.89 Bn | 109.40 Bn | 5.23 Bn | 19.09 Bn |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | 16.13 Bn |
| 4 | Energy Transfer | 72.67 Bn | 71.64 Bn | 7.40 Bn | 30.76 Bn |
| 5 | Tc Energy | 65.89 Bn | 58.33 Bn | 1.24 Bn | 851.61 Mn |
| 6 | Oneok | 60.12 Bn | 59.96 Bn | 2.81 Bn | 4.00 Mn |
| 7 | Mplx | 59.97 Bn | 58.94 Bn | 2.73 Bn | 1.93 Bn |
| 8 | Targa Resources | 59.56 Bn | 59.43 Bn | 2.14 Bn | 354.10 Mn |
| 9 | Cheniere Energy | 56.12 Bn | 54.86 Bn | 5.29 Bn | 1.44 Bn |
| 10 | Pembina Pipeline | 28.34 Bn | 28.07 Bn | 674.49 Mn | 95.43 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 95.43 Mn |
| 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 | 87.97 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 |