PPL-PC.TO

Energy

Pembina Pipeline Corporation · Oil & Gas Midstream · $40B

UQS Score — Balanced Preset
54.4
Good

Pembina Pipeline Corporation scores 54.4/100 using the Balanced preset.

UQS vs Energy Sector
PPL-PC.TO
54.4
Sector avg
43.5
Quality
Good
Moat
Neutral
Growth
Neutral
Risk
Weak
Valuation
Good

What is Pembina Pipeline Corporation?

Pembina Pipeline Corporation is a large-cap Canadian midstream energy company headquartered in Calgary, providing transportation and infrastructure services across North America's energy sector. Its operations span pipelines, processing facilities, and hydrocarbon marketing.

Pembina earns revenue by moving and processing hydrocarbons — primarily through long-term, fee-based contracts — across three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment transports crude oil, condensate, and natural gas across Western Canada and into broader North American markets. The Facilities segment processes natural gas and fractionates natural gas liquids including ethane, propane, butane, and condensate. The Marketing & New Ventures segment buys and sells hydrocarbon liquids and natural gas, primarily originating in the Western Canadian Sedimentary Basin.

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 PPL-PC.TO a Good Stock to Buy?

UQS Score rates PPL-PC.TO as Good overall, reflecting a balanced profile across the five quality pillars.

The Quality and Valuation pillars both register as Good, suggesting the business generates reasonably dependable cash flows and that the current pricing is not stretched relative to fundamentals. For income-focused investors, this combination can be meaningful when evaluating a midstream energy holding.

The Risk pillar is rated Weak, which warrants attention — midstream businesses carry commodity-cycle exposure, regulatory risk, and capital-structure considerations that can weigh on stability. The Moat and Growth pillars both sit at Neutral, indicating limited competitive differentiation and modest expansion prospects.

See the exact pillar breakdown and full financial metrics by signing up for a UQS Pro account. Sign up free →

Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.

Does PPL-PC.TO pay dividends?

Yes — Pembina Pipeline Corporation pays a dividend.

Pembina Pipeline pays a regular dividend, consistent with the fee-based, infrastructure-oriented nature of its business model. Midstream companies like Pembina typically prioritize returning cash to shareholders given the relatively predictable, contracted revenue streams their pipeline and processing assets generate. Investors should review the current yield and payout details on Pembina's investor relations page for the most up-to-date figures.

When does PPL-PC.TO report earnings?

Pembina Pipeline reports earnings on a quarterly cadence, typical for TSX-listed large-cap equities.

Pembina's results across its three segments reflect the contracted, volume-driven nature of midstream operations. Performance tends to be influenced by throughput volumes, commodity price differentials, and utilization rates across its pipeline and fractionation assets rather than sharp earnings swings.

For the most recent quarter's results and guidance, visit Pembina Pipeline Corporation's investor relations page directly.

PPL-PC.TO Price History

+52.6% over 5Y

Monthly close, adjusted for stock splits and dividend reinvestment.

Return Calculator

What if I invested in Pembina Pipeline Corporation?

$
Today it would be worth
$17,116
That's a +71.2% total return, or +11.3% annualized.

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.

PPL-PC.TO Long-term Outlook

With Growth and Moat both rated Neutral, Pembina's fundamental outlook is one of steady-state operation rather than rapid expansion. The business is anchored by long-term contracts that provide revenue visibility, but the Weak Risk rating signals that investors should weigh balance sheet and regulatory factors carefully. The Good Valuation rating suggests the market has not priced in aggressive growth expectations, which may suit investors seeking income stability over capital appreciation.

Growth drivers

  • Contracted throughput growth tied to Western Canadian energy production volumes
  • Potential expansion of NGL fractionation and storage infrastructure
  • New ventures and partnerships in emerging energy transition opportunities

Key risks

  • Elevated financial risk reflected in the Weak Risk pillar rating
  • Regulatory and environmental policy shifts affecting Canadian pipeline operations
  • Commodity price and volume sensitivity in the Marketing & New Ventures segment

PPL-PC.TO vs Peers

PPL-PC.TO sits within a peer group of Canadian midstream and pipeline preferred securities, each with distinct structural characteristics.

PPL-PA.TOSimilar UQS
Pembina Pipeline Corporation

A different preferred share series from the same issuer, offering investors an alternative structure within Pembina's capital stack.

ENB-PFK.TOSimilar UQS
Enbridge Inc. CUM RED PFD 19

A cumulative redeemable preferred issued by Enbridge, Canada's largest pipeline operator, providing exposure to a broader continental energy infrastructure network.

PPL-PQ.TOSimilar UQS
Pembina Pipeline Corporation

Another preferred series from Pembina, differing in reset terms and redemption features relative to PPL-PC.TO.

Frequently Asked Questions

What does Pembina Pipeline Corporation do?

Pembina Pipeline provides midstream energy services across North America, operating pipelines, natural gas processing facilities, NGL fractionation infrastructure, and a hydrocarbon marketing business. Its assets primarily serve producers in the Western Canadian Sedimentary Basin, moving crude oil, condensate, and natural gas liquids to market.

Does PPL-PC.TO pay dividends?

Yes, Pembina Pipeline pays a regular dividend. As a preferred share series, PPL-PC.TO carries a defined dividend structure. Investors should consult Pembina's investor relations page for the current rate and payment schedule, as preferred dividend terms can differ from common share distributions.

When does PPL-PC.TO report earnings?

Pembina Pipeline reports on a quarterly cadence. Because PPL-PC.TO is a preferred share series, earnings results reflect the performance of the underlying corporation. For exact reporting dates, check Pembina Pipeline Corporation's investor relations page or the TSX filing calendar.

Is PPL-PC.TO a good stock to buy?

UQS Score rates PPL-PC.TO as Good overall. The Quality and Valuation pillars are both rated Good, while the Risk pillar is rated Weak — a meaningful consideration for any investor. No single score constitutes a buy or sell recommendation; the full pillar breakdown is available to UQS Pro members.

Is PPL-PC.TO overvalued?

The UQS Valuation pillar for PPL-PC.TO is rated Good, suggesting the security is not trading at a stretched premium relative to its fundamentals. Valuation for preferred shares is also influenced by interest rate dynamics and credit quality. View the complete valuation metrics with a UQS Pro account.

How does PPL-PC.TO compare to its competitors?

PPL-PC.TO is one of several preferred share series issued by Pembina Pipeline, alongside PPL-PA.TO and PPL-PQ.TO, each with different reset and redemption terms. Enbridge's preferred series, such as ENB-PFK.TO, offer exposure to a larger pipeline network. UQS Pro members can compare full pillar scores across these peers.

What is PPL-PC.TO's market cap bracket?

Pembina Pipeline Corporation, the issuing entity behind PPL-PC.TO, is classified as a large-cap company. This reflects the scale of its pipeline and midstream infrastructure operations across Western Canada and North America.

Who founded Pembina Pipeline Corporation?

Pembina Pipeline Corporation was incorporated in 1954, originally established to serve the growing oil production industry in Alberta. Founding details are widely available through Pembina's corporate history publications and public filings.

Is PPL-PC.TO a long-term quality holding?

As a long-term quality indicator, PPL-PC.TO's Good overall UQS Score reflects a business with dependable contracted cash flows and reasonable valuation. However, the Weak Risk pillar is a factor to monitor over a longer horizon. Pro members can access the full breakdown to assess long-term fit.

What is the main competitive advantage of Pembina Pipeline?

Pembina's infrastructure network — spanning pipelines, fractionation facilities, and storage — creates meaningful switching costs for producers who rely on its capacity. That said, the UQS Moat pillar is rated Neutral, suggesting this advantage is present but not dominant relative to the broader midstream sector.

What sector does PPL-PC.TO belong to?

PPL-PC.TO belongs to the Energy sector, specifically within the midstream subsector. Midstream companies focus on the transportation, storage, and processing of oil and natural gas rather than exploration or production, which typically results in more predictable, fee-based revenue streams.

Is PPL-PC.TO a growth stock or value stock?

Based on UQS pillar labels, PPL-PC.TO leans toward a value and income profile. The Growth pillar is rated Neutral, indicating modest expansion expectations, while the Valuation pillar is rated Good — consistent with a security priced for income rather than aggressive capital growth.

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Pro Analysis

PPL-PC.TO — Score History

45505560Jul 11Jul 29Aug 16Sep 3Sep 21Oct 8
Score changes· 12 most recent
DateUQSQualityMoatGrowthRiskValueChange
Jul 25, 202654.260.452.048.930.878.0-0.1
Jul 23, 202654.360.552.048.930.878.60.0
Jul 22, 202654.360.652.048.930.878.40.0
Jul 21, 202654.360.652.048.930.878.3+0.2
Jul 20, 202654.160.552.048.930.877.40.0
Jul 18, 202654.160.552.048.730.877.4-0.1
Jul 17, 202654.260.552.048.730.877.80.0
Jul 16, 202654.260.752.048.430.878.3-0.2
Jul 15, 202654.460.752.048.430.879.4-0.1
Jul 14, 202654.560.752.048.430.879.9-0.2

PPL-PC.TO — Pillar Breakdown

◆

Quality

— 60.4/100 (25%)

Pembina Pipeline Corporation shows solid profitability with healthy returns on capital and reasonable margins.

Capital Efficiency (ROIC)Weak

How effectively capital is deployed to generate returns.

Return on EquityModerate

Profitability relative to shareholders' equity.

Operating ProfitabilityStrong

Ability to convert revenue into operating profit.

Net ProfitabilityStrong

Bottom-line profit as a share of revenue.

Gross Profit / AssetsWeak

Asset productivity — how much gross profit each dollar of assets generates.

Cash GenerationModerate

Free cash flow relative to market value.

▲

Growth

— 48.9/100 (20%)

Pembina Pipeline Corporation shows steady but unspectacular growth, typical for mature companies.

Recent Revenue TrendWeak

Revenue trajectory over the last twelve months.

3Y Revenue CAGRWeak

Compound annual revenue growth rate over 3 years.

EPS GrowthWeak

Year-over-year earnings per share growth.

Forward Revenue OutlookStrong

Analyst consensus for future revenue growth.

Forward EPS GrowthStrong

Analyst consensus for future earnings growth.

◈

Risk

— 30.8/100 (15%)

Pembina Pipeline Corporation presents elevated risk with concerns around leverage or financial stability.

Financial LeverageWeak

Debt levels relative to earnings capacity.

Debt/EquityModerate

Total debt relative to shareholder equity.

Current RatioWeak

Short-term liquidity — ability to pay near-term obligations.

Interest CoverageWeak

Earnings capacity relative to interest payments.

●

Valuation

— 79.3/100 (15%)

Pembina Pipeline Corporation appears attractively valued relative to its earnings, cash flows, and sector peers.

Earnings YieldStrong

Inverse of forward P/E — higher yield means cheaper stock.

Price to Free Cash FlowStrong

How many years of FCF the market cap represents.

PEG RatioStrong

P/E relative to earnings growth — lower is more attractive.

EV/EBITDA vs SectorWeak

Enterprise value multiple relative to sector median.

⬡

Moat

— 52/100 (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 PPL-PC.TO.

Score Composition

Quality
60.4×25%15.1
Growth
48.9×20%9.8
Risk
30.8×15%4.6
Valuation
79.3×15%11.9
Moat
52.0×25%13.0
Total
54.4Good

Financial Data

More Stock Analysis

How is the PPL-PC.TO 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.