Pembina Pipeline Corporation provides transportation, processing, and marketing services for hydrocarbons across North America. The company owns and operates pipelines, facilities, and related infrastructure that move and add value to crude oil, natural gas liquids, natural gas, and condensate. Its integrated network spans key production basins and market centers in Canada and the United States. Pembina focuses on safely and efficiently delivering energy products from supply areas to end-use markets.

Pembina generates revenue through fee-based services and commodity marketing activities. The Pipelines Division earns income from transporting and storing hydrocarbons via its transmission, gathering, and terminal assets. The Facilities Division earns revenue from natural gas processing, fractionation, storage, and terminalling services. The Marketing & New Ventures Division generates revenue by buying and selling commodities such as natural gas, ethane, propane, butane, condensate, crude oil, and carbon credits, while optimizing storage and transportation opportunities across its asset base.

The company operates through the following segments: Pipelines, Facilities, and Marketing & New Ventures.

• The Pipelines Division provides transportation, terminalling, and storage services for crude oil, condensate, natural gas liquids, and natural gas. It manages approximately 3.0 mmboe/d of pipeline capacity and 10 mmbbls of above-ground storage capacity across conventional, oil sands and heavy oil, and transmission assets. These assets link producing regions in western Alberta and northeast British Columbia to processing facilities and market hubs in Edmonton, Alberta, and other key centers in North America.

• The Facilities Division offers natural gas gathering, processing, and related services including condensate stabilization, fractionation, and storage. It has approximately 6.7 bcf/d of gas processing capacity, 430 mbpd of NGL fractionation capacity, and 21 mmbbls of cavern storage capacity. The division also operates oil batteries, rail and pipeline terminalling facilities, and a liquefied propane export terminal on Canada's West Coast.

• The Marketing & New Ventures Division focuses on value-added commodity marketing, arbitrage, and storage optimization. It buys and sells natural gas, ethane, propane, butane, condensate, crude oil, electricity, and carbon credits. The division develops new infrastructure projects to connect production to demand, including opportunities in LNG, natural gas-fired power, and GHG emissions reduction initiatives.

Pembina holds a strong position in North American energy infrastructure due to its integrated asset base in key hydrocarbon basins. It competes with other midstream companies such as Enbridge, TC Energy, and Keyera, but differentiates itself through its combination of transportation, processing, and marketing capabilities. Its strategic location in the Western Canadian Sedimentary Basin and Williston Basin allows it to capture value across the hydrocarbon value chain.

Pembina serves producers, refiners, processors, and exporters of crude oil, natural gas, and natural gas liquids. Its customers include energy companies operating in western Canada and the United States that rely on its infrastructure to transport, process, and market their hydrocarbon products.