NYSE$PBA
Pembina Pipeline Corp · Q1 2026 earnings
Q1 2026 earnings · · After market close · Investor relations
Briefing
Pembina Q1 2026: $2.1B revenue, adjusted EPS $0.81 as Alliance toll reset weighs on pipelines
Pembina Pipeline reported first-quarter 2026 results on May 7, 2026, with revenue of $2.11 billion, down from $2.28 billion a year earlier, while adjusted earnings rose to $505 million or $0.81 per share from $489 million or $0.78. Reported earnings were $498 million or $0.80 per share. Adjusted EBITDA declined to $1.13 billion as the new Alliance Pipeline toll structure reduced pipeline net revenue, and narrower NGL frac spreads weighed on marketing, partially offset by stronger facilities performance and volume growth. Facilities adjusted EBITDA increased on higher PGI volumes, and the company declared a quarterly dividend of $0.71 per common share.
- Revenue was $2.11B while adjusted earnings rose to $505M, or $0.81 per share.
- Adjusted EBITDA fell to $1.13B as Alliance toll changes reduced pipeline net revenue by $26M.
- Facilities adjusted EBITDA increased to $363M on stronger PGI asset performance.
- Marketing net revenue declined on narrower WCSB and U.S. NGL frac spreads.
- Quarterly dividend remained $0.71 per common share.
Headline financials
Revenue & EPS history
Pembina · Revenue · Quarterly
C$2.11B
Revenue by segment
Pembina · C$2.37B total across 3 segments · Q1 2026
- Marketing & New VenturesC$1.2B—50.6%
- PipelinesC$861M—36.4%
- FacilitiesC$308M—13.0%
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2026
+0.3%
Avg return
Earnings day
+1.3%
Avg return
5 days after
+1.3%
Avg return
30 days after
56%
33 / 59 earnings
Positive
+6.9%
Q4 2024
Best reaction
-9.8%
Q4 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.1% | +5.0% | +8.6% | |
| Q3 2025 | -2.9% | -0.2% | +3.6% | |
| Q2 2025 | +0.2% | -3.2% | +3.1% | |
| Q1 2025 | -6.1% | -5.7% | -4.7% | |
| Q4 2024 | +6.9% | +3.7% | +9.8% | |
| Q2 2024 | +1.0% | -0.6% | +5.6% | |
| Q4 2023 | +1.3% | +2.0% | +1.5% | |
| Q3 2023 | +4.0% | +3.1% | +9.4% | |
| Q2 2023 | +0.6% | +0.7% | +2.0% | |
| Q1 2023 | +3.2% | +3.9% | +1.6% | |
| Q4 2022 | +0.7% | -0.2% | -7.1% | |
| Q3 2022 | +4.1% | +4.2% | +9.8% | |
| Q2 2022 | -5.0% | -2.3% | -5.0% | |
| Q1 2022 | +0.8% | -4.7% | +6.1% | |
| Q4 2021 | +1.6% | +5.2% | +15.8% | |
| Q3 2021 | +3.0% | +5.0% | -10.6% | |
| Q2 2021 | -1.6% | -1.1% | -4.5% | |
| Q1 2021 | -1.5% | -0.8% | +0.0% | |
| Q4 2020 | -9.8% | -7.5% | +2.6% | |
| Q3 2020 | -4.7% | +9.4% | +23.4% | |
| Q2 2020 | -1.7% | +3.9% | -3.8% | |
| Q1 2020 | +3.8% | +6.7% | +25.8% | |
| Q4 2019 | -4.7% | -5.2% | -54.6% | |
| Q3 2019 | +1.2% | +1.1% | -0.5% | |
| Q2 2019 | +2.3% | +0.7% | +1.0% | |
| Q1 2019 | -0.2% | -1.3% | +0.5% | |
| Q4 2018 | -0.8% | -0.4% | +0.7% | |
| Q3 2018 | +2.3% | +7.4% | +4.2% | |
| Q2 2018 | +2.1% | -0.5% | -4.8% | |
| Q1 2018 | +6.6% | +7.4% | +8.8% | |
| Q4 2017 | +3.0% | +1.4% | -5.5% | |
| Q3 2017 | +3.4% | +6.4% | +4.4% | |
| Q2 2017 | -0.7% | -1.5% | -5.5% | |
| Q1 2017 | +1.0% | +1.0% | +3.0% | |
| Q4 2016 | +0.2% | -0.2% | -2.1% | |
| Q3 2016 | -0.9% | +1.1% | +1.4% | |
| Q2 2016 | +0.7% | +2.3% | +4.8% | |
| Q1 2016 | -2.3% | — | — | |
| Q4 2015 | +3.0% | — | — | |
| Q3 2015 | -2.3% | — | — | |
| Q2 2015 | -1.6% | — | — | |
| Q1 2015 | -1.7% | — | — | |
| Q4 2014 | +0.9% | — | — | |
| Q3 2014 | -0.1% | — | — | |
| Q2 2014 | +2.8% | — | — | |
| Q1 2014 | -0.1% | — | — | |
| Q4 2013 | -0.8% | — | — | |
| Q3 2013 | -0.4% | — | — | |
| Q2 2013 | +1.2% | — | — | |
| Q1 2013 | -0.4% | — | — | |
| Q4 2012 | +2.9% | — | — | |
| Q3 2012 | -0.0% | — | — | |
| Q2 2012 | -1.2% | — | — | |
| Q1 2012 | +2.3% | — | — | |
| Q4 2011 | +1.5% | — | — | |
| Q3 2011 | -4.4% | — | — | |
| Q2 2011 | +1.2% | — | — | |
| Q1 2011 | +1.9% | — | — | |
| Q4 2010 | +0.0% | — | — | |
| Q3 2010 | — | — | — | |
| Q2 2010 | — | — | — | |
| Q1 2010 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro