PBA financial statements
The full income statement, balance sheet, and cash-flow statement for Pembina Pipeline Corp. Ordinary Shares (Canada) (PBA), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 5.57B+3.3% | 5.39B+14.8% | 4.69B-47.4% | 8.92B+29.6% | 6.88B+55.0% | |
| 2.29B-5.5% | 2.42B+15.0% | 2.10B-12.3% | 2.40B+13.6% | 2.11B+41.0% | ||
| Cost of revenue | 3.43B+7.0% | 3.21B+13.7% | 2.82B-58.6% | 6.82B+39.3% | 4.89B+69.0% | |
| Operating income | 2.01B+20.8% | 1.66B-15.4% | 1.97B-30.9% | 2.85B+68.7% | 1.69B+56467.0% | |
| Interest expense | 431M+5.3% | 409M+18.5% | 345M-7.5% | 373M+4.0% | 359M+14.6% | |
| Pre-tax income | 1.58B+25.9% | 1.25B-22.6% | 1.62B-34.4% | 2.47B+86.1% | 1.33B+528.2% | |
| Income tax | 367M+426.8% | -112M-136.7% | 306M+60.6% | 191M-43.6% | 338M+552.5% | |
| 1.21B-11.3% | 1.37B+3.9% | 1.32B-42.3% | 2.28B+130.3% | 991M+520.5% | ||
| Net income to common | 1.21B-10.8% | 1.36B+3.3% | 1.32B | — | — | |
| $1.90-13.0% | $2.19-1.2% | $2.22-43.7% | $3.93+147.7% | $1.59+347.6% | ||
| EPS (basic) | $1.91-12.7% | $2.19-1.5% | $2.22-43.7% | $3.95+147.4% | $1.60+348.8% | |
| Weighted-avg shares (basic) | 581M+1.4% | 573M+4.2% | 550M-0.5% | 553M+0.5% | 550M+0.0% | |
| Weighted-avg shares (diluted) | 582M+1.4% | 574M+4.2% | 551M-0.5% | 554M+0.5% | 551M+0.2% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 919M-16.1% | 1.10B-44.9% | 1.99B+97.7% | 1.01B+3.0% | 977M+26.1% | ||
| Cash & equivalents | 77.4M-21.2% | 98.2M-13.9% | 114M+44.3% | 79.1M+134.2% | 33.8M-46.8% | |
| Accounts receivable | 610M-12.8% | 700M+8.7% | 644M-4.5% | 674M+5.7% | 637M+22.8% | |
| Inventory | 207M-1.1% | 210M-16.7% | 252M+26.6% | 199M-32.7% | 295M+70.4% | |
| 26.0B+3.6% | 25.0B+1.7% | 24.6B+5.9% | 23.3B-5.8% | 24.7B+0.3% | ||
| Property, plant & equipment | 16.5B+4.0% | 15.8B+32.7% | 11.9B+4.1% | 11.5B-19.7% | 14.3B-1.8% | |
| Goodwill | 3.64B+4.1% | 3.50B+1.8% | 3.44B+2.1% | 3.37B-8.6% | 3.68B+0.1% | |
| Total non-current assets | 25.0B+4.5% | 24.0B+5.7% | 22.7B+1.8% | 22.3B-6.1% | 23.7B-0.6% | |
| 1.51B-25.6% | 2.03B-16.8% | 2.43B+60.0% | 1.52B-19.0% | 1.88B+34.4% | ||
| Short-term & current debt | 438M-58.8% | 1.06B+116.3% | 491M+10.8% | 443M-43.5% | 785M+66.9% | |
| 13.7B+6.7% | 12.9B+1.3% | 12.7B+9.5% | 11.6B-13.6% | 13.4B+4.4% | ||
| Long-term debt | 8.08B+10.1% | 7.34B+5.0% | 6.99B+0.6% | 6.95B-8.2% | 7.57B-6.0% | |
| 12.2B+0.4% | 12.2B+2.1% | 11.9B+2.8% | 11.6B+3.5% | 11.2B-4.2% | ||
| Total equity incl. non-controlling | 12.2B+0.4% | 12.2B+2.1% | 11.9B+2.4% | 11.7B+3.5% | 11.3B-4.2% | |
| Common shares issued | 581M+5.8% | 549M-0.2% | 550M+0.0% | 550M+0.0% | 550M+0.4% | |
| Shares outstanding (cover) | 581M+0.1% | 581M+5.7% | 549M-0.2% | 550M+0.1% | 550M+0.0% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash from operations | 2.36B+0.8% | 2.34B+20.1% | 1.95B-13.2% | 2.25B+6.4% | 2.11B+25.9% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt issued | 731M-63.3% | 1.99B+449.1% | 363M | 0.00-100.0% | 1.27B+8.3% | |
| Long-term debt repaid | 826M+12.2% | 736M+65.6% | 445M-42.1% | 768M+54.5% | 497M+17.5% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 22.1B+3.1% | 21.5B+13.3% | 18.9B+1.4% | 18.7B+11.9% | 16.7B+28.2% | |
| P/E | 18.2×+16.2% | 15.7×+89.1% | 8.3×-56.0% | 18.8×+11.9% | 16.8× | |
| P/S | 4.0×-0.2% | 4.0×+87.5% | 2.1×-21.7% | 2.7×+11.9% | 2.4×-17.3% | |
| P/B | 1.8×+2.7% | 1.8×+7.9% | 1.6×-2.0% | 1.7×+11.9% | 1.5×+33.8% | |
| Earnings yield | 5.5%-14.0% | 6.4%-47.1% | 12.0%+127.0% | 5.3%-10.7% | 5.9% | |
| Source filing | 40-F | 40-F | 40-F | 40-F | 40-F |
About this data
Source: PBA’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all PBA filings on SEC EDGAR → Not investment advice.