Pembina Pipeline (PBA) Operating Margin (2011 - 2026)
Pembina Pipeline (PBA) posted Operating Margin of 37.45% for Q2 2026, down 0.72 percentage points from 38.17% a year earlier but up 0.13 percentage points from the prior quarter.
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Analysis
Pembina Pipeline (PBA) Operating Margin (2011 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Margin at Pembina Pipeline was 36.05%, up 7.08 percentage points year-over-year; for FY2025, it was 36.11%, up 5.22 percentage points from FY2024.
- Annual Operating Margin shows a five-year change of +36.05 percentage points (FY2020 to FY2025).
- In prior years, Pembina Pipeline's Operating Margin was 30.89% in FY2024 (-11.05 pp), 41.94% in FY2023 (+10.03 pp), 31.91% in FY2022 (+7.39 pp) and 24.52% in FY2021 (+24.45 pp).
- Quarterly Operating Margin has run from a low of 6.15% in Q2 2024 to a high of 67.69% in Q3 2022 over five years.
- On a year-over-year basis, Operating Margin increased in two of the last six quarters, with an average year-over-year change of +3.12 percentage points.
- The strongest year-over-year quarter for Operating Margin in the past five years was Q2 2025, with a gain of 32.02 percentage points; the weakest was Q2 2024, with a drop of 33.66 percentage points.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 104.58 Bn | 100.18 Bn | 4.84 Bn | 9.93% |
| 2 | Williams Companies | 86.03 Bn | 84.75 Bn | 2.54 Bn | 38.72% |
| 3 | Enterprise Products Partners | 80.00 Bn | 78.39 Bn | - | 12.31% |
| 4 | Kinder Morgan | 74.74 Bn | 74.44 Bn | 3.07 Bn | 30.06% |
| 5 | Energy Transfer | 69.45 Bn | 62.63 Bn | 7.40 Bn | 10.41% |
| 6 | Tc Energy | 64.24 Bn | 60.32 Bn | 2.81 Bn | 135.28% |
| 7 | Targa Resources | 62.85 Bn | 62.33 Bn | 2.14 Bn | 27.80% |
| 8 | Cheniere Energy | 59.18 Bn | 54.01 Bn | 5.29 Bn | 74.84% |
| 9 | Mplx | 59.17 Bn | 52.74 Bn | 2.91 Bn | 41.61% |
| 10 | Pembina Pipeline | 29.13 Bn | 28.58 Bn | 933.00 Mn | 37.45% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 37.45% |
| Mar 31, 2026 | 37.32% |
| Sep 30, 2025 | 30.76% |
| Jun 30, 2025 | 38.17% |
| Mar 31, 2025 | 34.57% |
| Sep 30, 2024 | 33.79% |
| Jun 30, 2024 | 6.15% |
| Mar 31, 2024 | 41.36% |
| Dec 31, 2018 | 28.85% |
| Dec 31, 2017 | 24.77% |
| Sep 30, 2017 | 18.25% |
| Jun 30, 2017 | 17.77% |
| Mar 31, 2017 | 21.55% |
| Dec 31, 2016 | 8.47% |
| Sep 30, 2016 | 27.15% |
| Jun 30, 2016 | 24.97% |
| Mar 31, 2016 | 17.60% |
| Dec 31, 2015 | 20.93% |
| Sep 30, 2015 | 15.11% |
| Jun 30, 2015 | 13.60% |
API Access
Pembina Pipeline Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=PBA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "PBA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=PBA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();