PPL-PQ.TO
EnergyPembina Pipeline Corporation · Oil & Gas Midstream · $37B
What is Pembina Pipeline Corporation?
Pembina Pipeline Corporation is a large-cap Canadian midstream energy company providing pipeline transportation and infrastructure services across North America. Incorporated in 1954 and headquartered in Calgary, it serves producers across the Western Canadian sedimentary basin and beyond.
Pembina generates revenue through three business segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment moves crude oil, oil sands, and natural gas across a vast North American network. The Facilities segment processes and stores natural gas liquids including propane, butane, ethane, and condensate. The Marketing & New Ventures segment buys and sells hydrocarbon liquids and natural gas, adding commercial flexibility to the overall business model.
Pembina Pipeline Corporation was incorporated in 1954 and is headquartered in Calgary, Canada.
- Conventional and oil sands pipeline transportation across North America
- NGL fractionation and cavern storage infrastructure
- Natural gas and condensate processing facilities
- Hydrocarbon marketing and trading operations
- Rail terminalling capacity for energy producers
Is PPL-PQ.TO a Good Stock to Buy?
UQS Score rates PPL-PQ.TO as Good overall, reflecting a balanced profile with notable strengths and areas that warrant attention.
The Quality and Valuation pillars both register as Good, suggesting the business generates earnings in a relatively efficient manner and that the current pricing appears reasonable relative to fundamentals. These two pillars anchor the overall score and give long-term investors a degree of confidence in the underlying business.
The Risk pillar is rated Weak, which is the most significant flag in the profile — investors should weigh Pembina's exposure to commodity-linked volumes, regulatory dynamics, and leverage typical of large midstream operators.
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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 PPL-PQ.TO pay dividends?
Yes — Pembina Pipeline Corporation pays a dividend.
Pembina Pipeline pays a regular dividend, consistent with the income-oriented nature of midstream energy infrastructure businesses. The company's fee-based cash flows from long-term contracts support dividend sustainability. Investors seeking yield from the energy sector often look to midstream operators like Pembina as a core holding for income generation.
When does PPL-PQ.TO report earnings?
Pembina Pipeline Corporation reports earnings on a quarterly cadence, typical for TSX-listed equities.
Pembina's results are driven by throughput volumes across its pipeline and facilities network, NGL pricing dynamics, and the performance of its marketing segment. Segment-level contributions can vary with commodity markets and seasonal demand patterns.
For the most recent quarter's results, visit Pembina Pipeline Corporation's investor relations page directly.
PPL-PQ.TO Price History
+46.3% 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.
PPL-PQ.TO Long-term Outlook
With Growth and Moat both rated Neutral, Pembina's fundamental outlook reflects a mature midstream business that prioritizes stable, contracted cash flows over rapid expansion. The Weak Risk rating signals that investors should monitor balance sheet leverage and regulatory exposure. The Good Valuation label suggests the market has not aggressively priced in a growth premium, which may appeal to income-focused investors with a longer horizon.
Growth drivers
- Expansion of NGL infrastructure serving Western Canadian producers
- Long-term take-or-pay contracts providing revenue visibility
- New ventures and potential joint-venture development opportunities
Key risks
- Elevated leverage typical of capital-intensive midstream infrastructure
- Regulatory and environmental approval risks for pipeline projects
- Volume sensitivity tied to upstream producer activity and commodity cycles
PPL-PQ.TO vs Peers
PPL-PQ.TO is one of several Pembina Pipeline securities trading on the TSX, each representing a different share class or preferred structure within the same corporate entity.
The common equity share class, offering full participation in Pembina's earnings growth and dividend policy.
A preferred share series with a fixed or floating dividend structure, prioritizing income over capital appreciation.
Another preferred share series within Pembina's capital structure, differing in reset terms and yield profile.
Frequently Asked Questions
What does Pembina Pipeline Corporation do?
Pembina Pipeline provides midstream energy services including pipeline transportation, natural gas liquids processing, cavern storage, and hydrocarbon marketing. It serves producers across the Western Canadian sedimentary basin and connects energy supply to markets across North America through its Pipelines, Facilities, and Marketing segments.
Does PPL-PQ.TO pay dividends?
Yes, Pembina Pipeline pays a regular dividend. As a midstream infrastructure company with fee-based revenues, Pembina has historically prioritized returning cash to shareholders. The preferred share structure of PPL-PQ.TO typically carries a defined dividend entitlement. Check Pembina's investor relations page for the current declared rate.
When does PPL-PQ.TO report earnings?
Pembina Pipeline reports on a quarterly cadence, consistent with TSX-listed companies. Specific dates are announced in advance on the company's investor relations page. We do not publish projected earnings dates — visit Pembina's IR site for the current schedule.
Is PPL-PQ.TO a good stock to buy?
UQS Score rates PPL-PQ.TO as Good overall. The Quality and Valuation pillars are both rated Good, while the Risk pillar is rated Weak — a meaningful consideration. Whether it fits your portfolio depends on your income goals, risk tolerance, and time horizon. The full pillar breakdown is available to Pro members.
Is PPL-PQ.TO overvalued?
The UQS Valuation pillar for PPL-PQ.TO is rated Good, suggesting the security is not trading at an elevated premium relative to its fundamentals. Preferred shares are often evaluated differently from common equity, with yield and credit quality as primary considerations. View the complete valuation metrics with a Pro membership.
How does PPL-PQ.TO compare to its competitors?
PPL-PQ.TO is a preferred share series within Pembina Pipeline's capital structure, sitting alongside common shares (PPL.TO) and other preferred series (PPL-PA.TO, PPL-PC.TO). Each security carries different risk-return characteristics. Preferred shares generally offer priority income but limited upside compared to common equity.
What is PPL-PQ.TO's market cap bracket?
Pembina Pipeline Corporation is classified as a large-cap company. This reflects the scale of its pipeline and midstream infrastructure network across Canada and North America, making it one of the more significant midstream operators listed on the TSX.
Who founded Pembina Pipeline Corporation?
Pembina Pipeline was incorporated in 1954. Founding details are widely available through public historical records and Pembina's own corporate history documentation. The company has grown substantially over decades through organic expansion and acquisitions to become a major Canadian midstream operator.
Is PPL-PQ.TO a long-term quality indicator?
From a quality standpoint, UQS rates Pembina's Quality pillar as Good, which reflects reasonable business fundamentals for a midstream infrastructure operator. However, the Weak Risk rating is a factor long-term holders should weigh. The UQS Score is designed to help investors assess structural quality — not to predict short-term price direction.
What is the main competitive advantage of Pembina Pipeline?
Pembina's competitive position rests on its extensive, integrated pipeline and processing network across Western Canada. Long-term take-or-pay contracts with producers provide revenue visibility, and the physical infrastructure creates meaningful barriers to replication. The UQS Moat pillar is rated Neutral, reflecting a defensible but not exceptional competitive position.
What sector does PPL-PQ.TO belong to?
PPL-PQ.TO belongs to the Energy sector, specifically within midstream energy infrastructure. Midstream companies like Pembina act as the connective tissue between upstream producers and downstream markets, earning fees for transportation, processing, and storage rather than directly producing oil or gas.
Is PPL-PQ.TO a growth stock or value stock?
Based on UQS pillar labels, PPL-PQ.TO leans toward the value and income side of the spectrum. The Growth pillar is rated Neutral and Valuation is rated Good, suggesting the security is not priced for aggressive expansion. Preferred shares in particular are typically sought for income rather than capital growth.
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Pro Analysis
PPL-PQ.TO — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| Jul 25, 2026 | 53.3 | 60.4 | 48.0 | 48.9 | 30.8 | 78.6 | -0.1 |
| Jul 23, 2026 | 53.4 | 60.5 | 48.0 | 48.9 | 30.8 | 79.3 | 0.0 |
| Jul 21, 2026 | 53.4 | 60.6 | 48.0 | 48.9 | 30.8 | 79.1 | +0.2 |
| Jul 20, 2026 | 53.2 | 60.5 | 48.0 | 48.9 | 30.8 | 78.1 | 0.0 |
| Jul 18, 2026 | 53.2 | 60.5 | 48.0 | 48.7 | 30.8 | 78.1 | -0.1 |
| Jul 17, 2026 | 53.3 | 60.5 | 48.0 | 48.7 | 30.8 | 78.4 | 0.0 |
| Jul 16, 2026 | 53.3 | 60.7 | 48.0 | 48.4 | 30.8 | 79.0 | -0.2 |
| Jul 15, 2026 | 53.5 | 60.7 | 48.0 | 48.4 | 30.8 | 80.1 | -0.1 |
| Jul 14, 2026 | 53.6 | 60.7 | 48.0 | 48.4 | 30.8 | 80.6 | -0.2 |
| Jul 12, 2026 | 53.8 | 61.2 | 48.0 | 48.4 | 30.8 | 81.3 | 0.0 |
PPL-PQ.TO — Pillar Breakdown
Quality
— 60.4/100 (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
— 48.9/100 (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
— 30.8/100 (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
— 79.9/100 (15%)Pembina Pipeline Corporation appears attractively valued relative to its earnings, cash flows, and sector peers.
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
— 48/100 (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-PQ.TO.
Score Composition
Financial Data
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How is the PPL-PQ.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.