Pembina Pipeline (PBA) Operating Margin (2011 - 2026)

Pembina Pipeline's Operating Margin history runs 16 years deep, the most recent figure standing at 37.32% for Q1 2026.

• Quarterly Operating Margin rose 275.0% year-over-year to 37.32% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 36.9% (up 708.0% YoY) and the FY2025 annual result came in at 36.11%, up 522.0% from the prior year.
• Operating Margin was 37.32% for Q1 2026 at Pembina Pipeline, down from 41.04% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 67.69% in Q3 2022 to a low of 6.15% in Q2 2024.
• Median Operating Margin over the past 5 years was 37.32% (2026), compared with a mean of 35.03%.
• Across the five-year window, Operating Margin surged 3429 bps in 2023 and tumbled 3366 bps in 2024, its largest moves.
• Over 5 years, Operating Margin stood at 16.41% in 2022, then soared by 209 bps to 50.71% in 2023, then decreased by 17 bps to 42.28% in 2024, then decreased by 3 bps to 41.04% in 2025, then retreated by 9 bps to 37.32% in 2026.
• Business Quant data shows PBA's Operating Margin at 37.32% in Q1 2026, 41.04% in Q4 2025, and 30.76% in Q3 2025.