Pembina Pipeline (PPLOF) Gross Margin (2011 - 2026)
Pembina Pipeline's (PPLOF) 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 (PPLOF) 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| 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 | 22.90% |