PBA
EnergyPembina Pipeline Corporation · Oil & Gas Midstream · $29B
What is Pembina Pipeline Corporation?
Pembina Pipeline Corporation is a large-cap Canadian energy infrastructure company providing transportation and midstream services across North America. Headquartered in Calgary, it connects energy producers to markets through an extensive network of pipelines, processing facilities, and storage assets.
Pembina operates across three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment moves conventional crude, oil sands, heavy oil, and natural gas across North America. The Facilities segment processes and stores natural gas liquids including ethane, propane, butane, and condensate. The Marketing & New Ventures segment buys and sells hydrocarbon liquids and natural gas, primarily sourced from the Western Canadian Sedimentary Basin, while exploring new energy opportunities.
Pembina Pipeline Corporation was incorporated in 1954 and is headquartered in Calgary, Canada.
- Conventional and oil sands pipeline transportation
- NGL fractionation and cavern storage infrastructure
- Natural gas processing and condensate handling
- Hydrocarbon marketing across North American basins
- Rail terminalling and ground storage services
Is PBA a Good Stock to Buy?
UQS Score rates PBA as Below Average overall, reflecting a mixed picture across its five quality pillars.
Pembina's Quality and Valuation pillars both register as Good, suggesting the business generates reasonably reliable cash flows for its sector and is not trading at a stretched premium relative to its fundamentals. These are meaningful anchors for income-oriented investors evaluating midstream energy names.
The Risk pillar is rated Weak, which is the most significant drag on the overall score. Both Moat and Growth come in at Neutral, indicating limited competitive differentiation and modest expansion prospects.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does PBA pay dividends?
Yes — Pembina Pipeline Corporation pays a dividend.
Pembina Pipeline pays a regular dividend, consistent with the capital-return culture common among large midstream energy infrastructure operators. The company's fee-based pipeline and facilities revenues provide a degree of cash flow predictability that supports ongoing distributions. Income-focused investors often look to midstream names like PBA as part of a yield-oriented portfolio strategy.
When does PBA report earnings?
Pembina Pipeline reports earnings on a quarterly cadence, typical for North American-listed energy infrastructure companies.
Pembina's results tend to reflect the stability of its fee-based pipeline and facilities contracts, with variability introduced by the Marketing & New Ventures segment depending on commodity price conditions. Investors generally focus on distributable cash flow trends rather than headline earnings alone.
For the most recent quarter's results and guidance, visit Pembina Pipeline's investor relations page directly.
PBA Price History
+71.3% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Pembina Pipeline Corporation?
Based on Pembina Pipeline Corporation's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
PBA Long-term Outlook
With Growth and Moat both rated Neutral, Pembina's near-term trajectory appears steady rather than expansionary. The company's infrastructure footprint in the Western Canadian Sedimentary Basin provides volume continuity, but meaningful acceleration would likely require new capital projects or acquisitions. The Weak Risk rating warrants attention — elevated leverage typical of pipeline operators and commodity-linked revenue in the Marketing segment introduce downside sensitivity.
Growth drivers
- Long-term fee-based contracts providing volume and revenue stability
- Potential expansion into new energy ventures and export infrastructure
- Growing NGL demand supporting fractionation and storage utilization
Key risks
- Elevated financial leverage common to capital-intensive pipeline businesses
- Commodity price exposure within the Marketing & New Ventures segment
- Regulatory and permitting complexity for new Canadian energy infrastructure
PBA vs Peers
Pembina competes within the North American midstream and pipeline infrastructure space alongside several large operators.
A major Canadian pipeline operator with a long history of cross-border natural gas transmission infrastructure connecting Canada and the United States.
One of North America's largest energy infrastructure companies, with an extensive natural gas pipeline network spanning Canada, the US, and Mexico.
A US-based LNG export developer focused on liquefying and shipping natural gas to international markets, representing a different part of the energy value chain.
Frequently Asked Questions
What does Pembina Pipeline do?
Pembina Pipeline provides transportation and midstream services for the energy industry. It moves crude oil, natural gas, and natural gas liquids through pipelines, processes them through its facilities, and markets hydrocarbons across North America — primarily sourced from the Western Canadian Sedimentary Basin.
Does PBA pay dividends?
Yes, Pembina Pipeline pays a regular dividend. The company's fee-based revenue model supports consistent distributions, making it a name commonly considered by income-oriented investors in the energy infrastructure space. Check Pembina's investor relations page for the current dividend schedule.
When does PBA report earnings?
Pembina Pipeline reports on a quarterly cadence, in line with standard practice for North American energy companies. For specific release dates and upcoming earnings calls, refer to the investor relations section of Pembina's official website.
Is PBA a good stock to buy?
UQS Score rates PBA as Below Average overall. While the Quality and Valuation pillars are rated Good, the Risk pillar is Weak and both Moat and Growth are Neutral. Whether PBA fits your portfolio depends on your income needs, risk tolerance, and view on Canadian energy infrastructure. The full pillar breakdown is available to Pro members.
Is PBA overvalued?
The UQS Valuation pillar for PBA is rated Good, suggesting the stock is not trading at an elevated premium relative to its fundamentals within the midstream energy sector. That said, valuation should always be considered alongside risk and growth context — view the complete analysis with a UQS Pro account.
How does PBA compare to its competitors?
Pembina operates alongside large Canadian and North American pipeline operators such as TC Energy and TransCanada PipeLines, as well as LNG-focused players like Venture Global. Pembina's differentiation lies in its integrated NGL fractionation, storage, and marketing capabilities within the Western Canadian basin. The UQS comparison tool shows relative scores across all pillars.
What is PBA's market cap bracket?
Pembina Pipeline is classified as a large-cap company, reflecting its significant asset base and established position in the North American energy infrastructure sector.
Who founded Pembina Pipeline?
Pembina Pipeline Corporation was incorporated in 1954. Details on its founding leadership are widely available through the company's official history and public filings on its investor relations page.
Is PBA a long-term quality investment?
As a long-term quality indicator, PBA's UQS profile is mixed. The Good Quality rating reflects reasonable business fundamentals, but the Weak Risk pillar and Neutral Moat suggest investors should weigh infrastructure stability against leverage and competitive positioning before committing to a long-term holding.
What is the main competitive advantage of Pembina Pipeline?
Pembina's integrated network — spanning pipelines, NGL fractionation, cavern storage, and rail terminalling — creates operational connectivity that is difficult to replicate quickly. Long-term, fee-based contracts with energy producers provide revenue predictability, though the UQS Moat pillar rates this advantage as Neutral relative to sector peers.
What sector does PBA belong to?
Pembina Pipeline belongs to the Energy sector, specifically within the midstream energy infrastructure sub-industry. Midstream companies focus on the transportation, processing, and storage of oil and natural gas rather than exploration or retail distribution.
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Pro Analysis
PBA — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 24, 2026 | 49.1 | 60.9 | 42.0 | 45.7 | 28.9 | 65.8 | -0.1 |
| May 22, 2026 | 49.2 | 60.9 | 42.0 | 46.3 | 28.9 | 65.6 | -0.3 |
| May 21, 2026 | 49.5 | 61.1 | 42.0 | 47.1 | 28.9 | 66.7 | -0.8 |
| May 13, 2026 | 50.3 | 61.5 | 42.0 | 48.1 | 28.9 | 69.4 | -0.1 |
| May 12, 2026 | 50.4 | 61.8 | 42.0 | 47.8 | 28.9 | 70.1 | +3.5 |
| May 10, 2026 | 46.9 | 33.3 | 42.0 | 47.8 | 43.2 | 80.1 | -0.2 |
| May 8, 2026 | 47.1 | 33.3 | 42.0 | 48.4 | 43.2 | 80.5 | -4.0 |
| May 7, 2026 | 51.1 | 65.3 | 42.0 | 48.8 | 27.5 | 69.3 | +0.2 |
| May 5, 2026 | 50.9 | 65.3 | 42.0 | 48.8 | 27.5 | 68.1 | +0.4 |
| May 3, 2026 | 50.5 | 65.3 | 42.0 | 47.1 | 27.5 | 67.6 | -0.4 |
PBA — Pillar Breakdown
Quality
— 60.9/100 (25%)Pembina Pipeline Corporation shows solid profitability with healthy returns on capital and reasonable margins.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 45.7/100 (20%)Pembina Pipeline Corporation shows steady but unspectacular growth, typical for mature companies.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 28.9/100 (15%)Pembina Pipeline Corporation presents elevated risk with concerns around leverage or financial stability.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 65.8/100 (15%)Pembina Pipeline Corporation trades at a reasonable valuation with decent earnings yield and FCF multiples.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 42/100 (25%)Pembina Pipeline Corporation possesses some competitive advantages but faces meaningful competition. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for PBA.
Score Composition
Financial Data
More Stock Analysis
How is the PBA UQS Score Calculated?
The UQS (Unified Quality Score) for Pembina Pipeline Corporation is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Pembina Pipeline Corporation's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Pembina Pipeline Corporation is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.