Pembina Pipeline (PBNAF) Operating Expenses (2011 - 2026)
Pembina Pipeline's (PBNAF) quarterly Operating Expenses came in at $159.7 million in Q1 2026, up 1.39% year-on-year from $157.5 million in Q1 2025, and up 85.58% quarter-over-quarter from $86.1 million in Q4 2025.
Pembina Pipeline (PBNAF) Operating Expenses (2011 - 2026) Analysis & Trends
Pembina Pipeline has disclosed Operating Expenses across 16 years of filings, most recently posting $159.7 million for Q1 2026.
- Operating Expenses for Q1 2026 came in at $159.7 million, up 1.39% year-over-year; the trailing twelve-month figure through Mar 2026 was $407.3 million (down 33.28% YoY), and the FY2025 annual result was $961.0 million, up 202.36% from the prior year.
- Operating Expenses came in at $159.7 million for Q1 2026 at Pembina Pipeline, up 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 $70.0 million in Q2 2025.
- The 5-year median for Operating Expenses is $152.4 million (2022), against an average of $140.1 million.
- Across the five-year window, Operating Expenses advanced 24.71% in 2024 and tumbled 60.1% in 2025, its largest moves.
- Pembina Pipeline's Operating Expenses stood at $176.8 million in 2022, then slumped by 41.01% to $104.3 million in 2023, then dropped by 28.62% to $74.4 million in 2024, then gained by 15.58% to $86.1 million in 2025, then jumped by 85.58% to $159.7 million in 2026.
- The last three Operating Expenses figures came in at $159.7 million (Q1 2026), $86.1 million (Q4 2025), and $91.6 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 13.95 Bn |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 12.50 Bn |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 3.38 Bn |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 1.70 Bn |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | -93.35 Mn |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 1.82 Bn |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 333.70 Mn |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 7.00 Mn |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 915.00 Mn |
| 10 | Pembina Pipeline | - | - | 677.43 Mn | 159.70 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 159.70 Mn |
| Dec 31, 2025 | 86.05 Mn |
| Sep 30, 2025 | 91.56 Mn |
| Jun 30, 2025 | 70.01 Mn |
| Mar 31, 2025 | 157.50 Mn |
| Dec 31, 2024 | 74.45 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 |