Pembina Pipeline (PBPRF) Gross Margin (2011 - 2026)

Pembina Pipeline (PBPRF) reported Gross Margin of 44.11% for Q1 2026, up 345.0% year-over-year from 9.91% in Q1 2025, and up 2.04% sequentially from 43.23% in Q4 2025.

Pembina Pipeline (PBPRF) Gross Margin (2011 - 2026) Analysis & Trends

Pembina Pipeline's Gross Margin history runs 16 years deep, the most recent figure standing at 44.11% for Q1 2026.

  • Quarterly Gross Margin rose 345.0% year-over-year to 44.11% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 42.01% (down 124.0% YoY) and the FY2025 annual result came in at 41.05%, down 386.0% from the prior year.
  • Gross Margin was 44.11% for Q1 2026 at Pembina Pipeline, up from 43.23% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 47.74% in Q4 2024 to a low of 22.97% in Q2 2022.
  • Median Gross Margin over the past 5 years was 43.23% (2025), compared with a mean of 39.72%.
  • Across the five-year window, Gross Margin jumped 2337 bps in 2023 and sank 674 bps in 2025, its largest moves.
  • Over 5 years, Gross Margin stood at 25.23% in 2022, then surged by 83 bps to 46.3% in 2023, then increased by 3 bps to 47.74% in 2024, then decreased by 9 bps to 43.23% in 2025, then grew by 2 bps to 44.11% in 2026.
  • Business Quant data shows PBPRF's Gross Margin at 44.11% in Q1 2026, 43.23% in Q4 2025, and 36.74% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Enbridge 1,308.38 Bn 1,309.08 Bn 6.70 Bn 41.12%
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn 63.77%
3 Enterprise Products Partners 79.55 Bn 78.40 Bn - -
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn 23.85%
5 Targa Resources 57.60 Bn 57.63 Bn 1.70 Bn 41.52%
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn 83.61%
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn 26.67%
8 Cheniere Energy Partners 29.50 Bn 29.22 Bn 838.00 Mn 23.28%
9 Venture Global 27.41 Bn 27.36 Bn 4.33 Bn 94.13%
10 Pembina Pipeline - - 677.43 Mn 44.11%

Historic Data

Download Data
DateValue
Mar 31, 2026 44.11%
Dec 31, 2025 43.23%
Sep 30, 2025 36.74%
Jun 30, 2025 43.53%
Mar 31, 2025 40.67%
Dec 31, 2024 47.74%
Sep 30, 2024 40.51%
Jun 30, 2024 43.94%
Mar 31, 2024 47.40%
Dec 31, 2023 46.30%
Sep 30, 2023 45.29%
Jun 30, 2023 46.34%
Mar 31, 2023 41.53%
Dec 31, 2022 25.23%
Sep 30, 2022 31.45%
Jun 30, 2022 22.97%
Mar 31, 2022 28.21%
Dec 31, 2021 30.66%
Sep 30, 2021 31.74%
Jun 30, 2021 28.92%