Pipelines was Pembina Pipeline’s largest segment in fiscal 2025, bringing in $3.11B of $5.84B (53%).
| Segments [axis] | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Marketing New Ventures | $8.47B | $3.29B | $845.00M | $1.09B | ||||||
| Marketing &Amp; New Ventures | — | — | — | — | ||||||
| Marketing &Amp; New Ventures Division | — | — | — | — | ||||||
| Midstream | — | — | — | — | ||||||
| Pipelines | $81.00M | $2.71B | $3.89B | $3.11B | ||||||
| Pipelines Division | — | — | — | — | ||||||
| Facilities | -$470.00M | $909.00M | $1.49B | $1.59B | ||||||
| Facilities Division | — | — | — | — | ||||||
| Corporate | — | $47.00M | $45.00M | $46.00M | ||||||
| Gas Services | — | — | — | — | ||||||
| Oil Sands &Amp; Heavy Oil | — | — | — | — | ||||||
| Total | $8.08B | $6.96B | $6.26B | $5.84B |
Pembina Pipeline brought in $5.84B from its four segments in fiscal 2025, the year ended December 31, 2025. That was down 6.8% from $6.26B in fiscal 2024. Pipelines was the largest at $3.11B (53.3%), ahead of Facilities at $1.59B (27.2%) and Marketing New Ventures at $1.09B (18.7%). The remaining segment, Corporate, brought in $46.00M.
Compared with fiscal 2024, Marketing New Ventures grew fastest, up 29.5% to $1.09B, while Pipelines fell the most, down 20.0% to $3.11B.
Pembina Pipeline began breaking out Corporate in fiscal 2023, when it brought in $47.00M.
Previously Reported was Pembina Pipeline’s largest revenue line in fiscal 2017, bringing in $5.41B of $5.40B (100%).
| Initially applied IFRSs [axis] | FY 2017 |
|---|---|
| Previously Reported | $5.41B |
| Adjustments | -$8.00M |
| Total | $5.40B |
Pembina Pipeline brought in $5.40B from its two revenue lines in fiscal 2017, the year ended December 31, 2017. Previously Reported was the largest at $5.41B (100.1%).
The total is net of Adjustments, which took $8.00M off revenue in fiscal 2017.
Pembina Pipeline (PBA) reports its revenue by segments [axis] and by initially applied ifrss [axis]. In fiscal 2025, Pipelines was its largest segment, bringing in $3.11B (53.3% of the total), followed by Facilities at $1.59B (27.2%).
Pipelines was Pembina Pipeline's largest segment in fiscal 2025, bringing in $3.11B, or 53.3% of the $5.84B total across its four segments.
Previously Reported was Pembina Pipeline's largest revenue line in fiscal 2017, bringing in $5.41B, or 100.1% of the $5.40B total across its two revenue lines.
Among Pembina Pipeline's segments that make up at least 2% of revenue, Marketing New Ventures grew fastest in fiscal 2025, up 29.5% from $845.00M to $1.09B.
Every figure comes from Pembina Pipeline's annual financial filings, as reported. Each line keeps the name Pembina Pipeline gives it, and years follow its fiscal calendar.
Pembina Pipeline's revenue by segments [axis] goes back to fiscal 2016, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.