Pembina Pipeline Corporation (PBA) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 2.07B | 1.91B | 1.79B | 1.79B | 2.31B | 2.15B | 1.84B | 1.85B | 1.69B | 2.47B | 2.29B | 1.42B | 1.7B | 2.7B | 2.78B | 3.1B | 3.12B | 2.56B | 2.15B | 1.9B |
| Revenue Growth % | -10.41% | -10.82% | -2.87% | -3.4% | 36.72% | -13.02% | -19.55% | 30.45% | -0.53% | -8.63% | -17.52% | -54.05% | -45.57% | 5.43% | 29.32% | 62.72% | 54.91% | 51.12% | 43.65% | 50% |
| Cost of Goods Sold | 1.27B | 1.09B | 1.13B | 1.01B | 1.38B | 1.12B | 1.1B | 1.04B | 961M | 1.62B | 1.63B | 763M | 1.03B | 2.02B | 1.91B | 2.38B | 2.27B | 1.77B | 1.47B | 1.35B |
| COGS % of Revenue | 61.52% | 56.77% | 63.26% | 56.47% | 59.86% | 52.26% | 59.49% | 56.06% | 56.83% | 65.53% | 71.25% | 53.66% | 60.47% | 74.77% | 68.55% | 77.03% | 72.56% | 69.34% | 68.26% | 71.08% |
| Gross Profit | 797.05M | 827M | 658M | 780M | 928M | 1.02B | 747M | 815M | 730M | 850M | 659M | 659M | 672M | 681M | 874M | 711M | 857M | 785M | 682M | 550M |
| Gross Margin % | 38.48% | 43.23% | 36.74% | 43.53% | 40.14% | 47.74% | 40.51% | 43.94% | 43.17% | 34.47% | 28.75% | 46.34% | 39.53% | 25.23% | 31.45% | 22.97% | 27.44% | 30.66% | 31.74% | 28.92% |
| Gross Profit Growth % | -14.11% | -19.24% | -11.91% | -4.29% | 27.12% | 20.47% | 13.35% | 23.67% | 8.63% | 24.82% | -24.6% | -7.31% | -21.59% | -13.25% | 28.15% | 29.27% | 36.03% | 199.62% | 20.07% | 19.57% |
| Operating Expenses | 126.33M | 155M | 107M | 96M | 139M | 117M | 124M | 701M | 93M | -81M | 87M | 93M | 86M | 238M | -1.01B | 72M | 115M | 545M | -243M | 127M |
| OpEx % of Revenue | 6.1% | 8.1% | 5.97% | 5.36% | 6.01% | 5.45% | 6.72% | 37.79% | 5.5% | -3.28% | 3.8% | 6.54% | 5.06% | 8.82% | -36.24% | 2.33% | 3.68% | 21.29% | -11.31% | 6.68% |
| Selling, General & Admin | 126.33M | 120M | 126M | 97M | 134M | 104M | 120M | 112M | 108M | 142M | 104M | 84M | 92M | 126M | 76M | 90M | 107M | 72M | 68M | 79M |
| SG&A % of Revenue | 6.1% | 6.27% | 7.04% | 5.41% | 5.8% | 4.85% | 6.51% | 6.04% | 6.39% | 5.76% | 4.54% | 5.91% | 5.41% | 4.67% | 2.73% | 2.91% | 3.43% | 2.81% | 3.16% | 4.15% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 1000K | -1000K | -1000K | 1000K | 1000K | 1000K | 1000K | -1000K | -1000K | -1000K | 1000K | -1000K | 1000K | -1000K | -1000K | 1000K | 1000K | -1000K | 1000K |
| Operating Income | 670.73M | 672M | 551M | 684M | 789M | 907M | 623M | 114M | 637M | 931M | 572M | 566M | 586M | 443M | 1.88B | 639M | 742M | 240M | 925M | 423M |
| Operating Margin % | 32.38% | 35.13% | 30.76% | 38.17% | 34.13% | 42.28% | 33.79% | 6.15% | 37.67% | 37.75% | 24.96% | 39.8% | 34.47% | 16.41% | 67.69% | 20.65% | 23.76% | 9.38% | 43.04% | 22.24% |
| Operating Income Growth % | -14.99% | -25.91% | -11.56% | 500% | 23.86% | -2.58% | 8.92% | -79.86% | 8.7% | 110.16% | -69.59% | -11.42% | -21.02% | 84.58% | 103.35% | 51.06% | 40.8% | 115.26% | 79.26% | 0.48% |
| EBITDA | 908.34M | 928M | 792M | 941M | 1.02B | 1.14B | 859M | 354M | 793M | 1.11B | 736M | 732M | 741M | 605M | 2.03B | 837M | 919M | 420M | 1.1B | 611M |
| EBITDA Margin % | 43.85% | 48.51% | 44.22% | 52.51% | 44.2% | 53.24% | 46.58% | 19.08% | 46.9% | 44.97% | 32.11% | 51.48% | 43.59% | 22.42% | 72.94% | 27.04% | 29.43% | 16.41% | 51.42% | 32.12% |
| EBITDA Growth % | -11.12% | -18.74% | -7.8% | 165.82% | 28.88% | 2.98% | 16.71% | -51.64% | 7.02% | 83.31% | -63.69% | -12.54% | -19.37% | 44.05% | 83.44% | 36.99% | 30.91% | 129.89% | 59.91% | 3.04% |
| D&A (Non-Cash Add-back) | 237.61M | 256M | 241M | 257M | 233M | 235M | 236M | 240M | 156M | 178M | 164M | 166M | 155M | 162M | 146M | 198M | 177M | 180M | 180M | 188M |
| EBIT | 670.73M | 789M | 555M | 685M | 790M | 898M | 642M | 127M | 660M | 932M | 561M | 575M | 591M | 447M | 1.86B | 630M | 746M | 242M | 891M | 440M |
| Net Interest Income | -142.37M | -149M | -153M | -151M | -148M | -153M | -144M | -145M | -102M | -117M | -119M | -117M | -114M | -117M | -117M | -115M | -113M | -109M | -110M | -112M |
| Interest Income | 4.01M | 3M | 4M | 1M | 3M | 1M | 7M | 9M | 29M | 0 | 0 | 1M | 2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 146.38M | 152M | 157M | 152M | 151M | 154M | 151M | 154M | 131M | 117M | 119M | 118M | 116M | 117M | 117M | 115M | 113M | 109M | 110M | 112M |
| Other Income/Expense | -38.1M | -35M | -153M | -151M | -150M | -163M | -149M | -141M | -108M | -116M | -130M | -109M | -111M | -113M | -140M | -124M | -109M | -107M | -144M | -95M |
| Pretax Income | 632.63M | 637M | 398M | 533M | 639M | 744M | 474M | -27M | 529M | 815M | 442M | 457M | 475M | 330M | 1.74B | 515M | 633M | 133M | 781M | 328M |
| Pretax Margin % | 30.54% | 33.3% | 22.22% | 29.74% | 27.64% | 34.69% | 25.7% | -1.46% | 31.28% | 33.05% | 19.28% | 32.14% | 27.94% | 12.23% | 62.65% | 16.64% | 20.27% | 5.2% | 36.34% | 17.24% |
| Income Tax | 133.34M | 148M | 112M | 116M | 137M | 172M | 89M | -506M | 91M | 117M | 96M | 94M | 106M | 87M | -88M | 97M | 152M | 53M | 193M | 74M |
| Effective Tax Rate % | 21.08% | 23.23% | 28.14% | 21.76% | 21.44% | 23.12% | 18.78% | 1874.07% | 17.2% | 14.36% | 21.72% | 20.57% | 22.32% | 26.36% | -5.05% | 18.83% | 24.01% | 39.85% | 24.71% | 22.56% |
| Net Income | 499.29M | 489M | 286M | 417M | 502M | 572M | 383M | 471M | 438M | 698M | 346M | 363M | 369M | 243M | 1.83B | 418M | 481M | 80M | 588M | 254M |
| Net Margin % | 24.1% | 25.56% | 15.97% | 23.27% | 21.71% | 26.67% | 20.77% | 25.39% | 25.9% | 28.3% | 15.1% | 25.53% | 21.71% | 9% | 65.81% | 13.51% | 15.4% | 3.13% | 27.36% | 13.35% |
| Net Income Growth % | -0.54% | -14.51% | -25.33% | -11.46% | 14.61% | -18.05% | 10.69% | 29.75% | 18.7% | 187.24% | -81.08% | -13.16% | -23.28% | 203.75% | 211.05% | 64.57% | 50.31% | 106.66% | 82.04% | -1.55% |
| Net Income (Continuing) | 499.29M | 489M | 286M | 417M | 502M | 572M | 385M | 479M | 438M | 698M | 346M | 363M | 369M | 243M | 1.83B | 418M | 481M | 80M | 588M | 254M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 146M | 0 | 0 | 60M | 60M | 60M | 60M | 60M | 60M | 60M | 60M | 60M | 60M |
| EPS (Diluted) | 0.81 | 0.78 | 0.43 | 0.65 | 0.80 | 0.92 | 0.60 | 0.75 | 0.73 | 1.21 | 0.57 | 0.60 | 0.61 | 0.44 | 3.23 | 0.69 | 0.87 | 0.14 | 1.01 | 0.39 |
| EPS Growth % | 1.25% | -15.22% | -28.33% | -13.33% | 9.59% | -23.97% | 5.26% | 25% | 19.67% | 175% | -82.35% | -13.04% | -29.89% | 214.29% | 219.8% | 76.92% | 70.59% | 106.42% | 94.23% | -2.5% |
| EPS (Basic) | 0.81 | 0.78 | 0.43 | 0.65 | 0.80 | 0.92 | 0.60 | 0.75 | 0.74 | 1.21 | 0.58 | 0.60 | 0.61 | 0.44 | 3.24 | 0.69 | 0.87 | 0.15 | 1.01 | 0.39 |
| Diluted Shares Outstanding | 582M | 582M | 582M | 582M | 582M | 582M | 581M | 581M | 550M | 550M | 550M | 551M | 551M | 550M | 556M | 557M | 552M | 552M | 551M | 551M |
| Basic Shares Outstanding | 581M | 626.92M | 665.12M | 581M | 581M | 581M | 580M | 580M | 549M | 549M | 549M | 550M | 550M | 550M | 554M | 554M | 551M | 551M | 550M | 550M |
| Dividend Payout Ratio | 82.93% | 90.8% | 155.59% | 98.8% | 55.5% | 70.1% | 77.38% | 62.06% | 61.85% | 52.58% | 105.78% | 101.1% | 97.29% | 145.72% | 19.08% | 64.83% | 57.66% | 473.75% | 50.54% | 136.61% |