Pembina Pipeline (PPLOF) Operating Margin (2011 - 2026)

Pembina Pipeline has disclosed Operating Margin across 16 years of filings, most recently posting 37.32% for Q1 2026.

• Operating Margin for Q1 2026 came in at 37.32%, up 275.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 36.9% (up 708.0% YoY), and the FY2025 annual result was 36.11%, up 522.0% from the prior year.
• Operating Margin came in at 37.32% for Q1 2026 at Pembina Pipeline, down from 41.04% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 67.69% in Q3 2022 to a low of 6.15% in Q2 2024.
• The 5-year median for Operating Margin is 37.32% (2026), against an average of 35.03%.
• Across the five-year window, Operating Margin soared 3429 bps in 2023 and plunged 3366 bps in 2024, its largest moves.
• Pembina Pipeline's Operating Margin stood at 16.41% in 2022, then jumped by 209 bps to 50.71% in 2023, then slipped by 17 bps to 42.28% in 2024, then slipped by 3 bps to 41.04% in 2025, then decreased by 9 bps to 37.32% in 2026.
• The last three Operating Margin figures came in at 37.32% (Q1 2026), 41.04% (Q4 2025), and 30.76% (Q3 2025), per Business Quant data.