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

Pembina Pipeline's (PMBPF) quarterly Gross Margin came in at 44.11% in Q1 2026, up 345.0% year-on-year from 9.91% in Q1 2025, and up 2.04% quarter-over-quarter from 43.23% in Q4 2025.

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

Pembina Pipeline has disclosed Gross Margin across 16 years of filings, most recently posting 44.11% for Q1 2026.

  • Gross Margin for Q1 2026 came in at 44.11%, up 345.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 42.01% (down 124.0% YoY), and the FY2025 annual result was 41.05%, down 386.0% from the prior year.
  • Gross Margin came in at 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.
  • The 5-year median for Gross Margin is 43.23% (2025), against an average of 39.72%.
  • Across the five-year window, Gross Margin surged 2337 bps in 2023 and slumped 674 bps in 2025, its largest moves.
  • Pembina Pipeline's Gross Margin stood at 25.23% in 2022, then soared by 83 bps to 46.3% in 2023, then rose by 3 bps to 47.74% in 2024, then slipped by 9 bps to 43.23% in 2025, then increased by 2 bps to 44.11% in 2026.
  • The last three Gross Margin figures came in at 44.11% (Q1 2026), 43.23% (Q4 2025), and 36.74% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Enbridge 88.33 Bn 89.03 Bn 6.70 Bn 41.12%
2 Enterprise Products Partners 80.83 Bn 79.68 Bn - -
3 Kinder Morgan 69.66 Bn 70.75 Bn 3.08 Bn 63.77%
4 Energy Transfer 65.60 Bn 64.88 Bn 6.62 Bn 23.85%
5 Scorpio Tankers 59.17 Bn 58.19 Bn - -
6 Mplx 57.43 Bn 55.92 Bn 2.54 Bn 83.61%
7 Targa Resources 56.68 Bn 56.71 Bn 1.70 Bn 41.52%
8 Oneok 55.34 Bn 55.21 Bn 2.57 Bn 26.67%
9 Tc Energy 50.79 Bn 51.99 Bn 2.95 Bn 98.68%
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 22.90%