Pembina Pipeline (PPLAF) Operating Expenses (2011 - 2026)

Pembina Pipeline's (PPLAF) 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 (PPLAF) 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
DateValue
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