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| Date | Value |
|---|---|
| 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% |