Pembina Pipeline (PBNAF) Operating Expenses (2011 - 2026)
Pembina Pipeline (PBNAF) reported Operating Expenses of $159.7 million for Q1 2026, up 1.39% year-over-year from $157.5 million in Q1 2025, and up 85.58% sequentially from $86.1 million in Q4 2025.
Pembina Pipeline (PBNAF) Operating Expenses (2011 - 2026) Analysis & Trends
Pembina Pipeline's Operating Expenses history runs 16 years deep, the most recent figure standing at $159.7 million for 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 $407.3 million (down 33.28% YoY) and the FY2025 annual result came in at $961.0 million, up 202.36% from the prior year.
- Operating Expenses was $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.
- Median Operating Expenses over the past 5 years was $152.4 million (2022), compared with a mean of $140.1 million.
- Across the five-year window, Operating Expenses gained 24.71% in 2024 and slumped 60.1% in 2025, its largest moves.
- Over 5 years, Operating Expenses stood at $176.8 million in 2022, then sank by 41.01% to $104.3 million in 2023, then slipped by 28.62% to $74.4 million in 2024, then rose by 15.58% to $86.1 million in 2025, then soared by 85.58% to $159.7 million in 2026.
- Business Quant data shows PBNAF's Operating Expenses at $159.7 million in Q1 2026, $86.1 million in Q4 2025, and $91.6 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 13.95 Bn |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 3.38 Bn |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 12.50 Bn |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 1.70 Bn |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 333.70 Mn |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 1.82 Bn |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 7.00 Mn |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 274.00 Mn |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 3.45 Bn |
| 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 | -124.56 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 | 77.58 Mn |
| Jun 30, 2023 | 62.53 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 |