Pembina Pipeline Income Statement

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	7,778	7,384	6,331	11,611	8,627
Revenue Growth (YoY)	5.34%	16.63%	-45.47%	34.59%	44.92%
Cost of Revenue	4,794	4,396	3,807	8,877	6,134
Gross Profit	2,984	2,988	2,524	2,734	2,493
Selling, General & Admin	477	444	383	360	306
Other Operating Expenses	-	-29	-78	101	229
Operating Expenses	477	415	344	500	535
Operating Income	2,507	2,573	2,180	2,234	1,958
Interest Expense	-587	-575	-454	-446	-424
Interest & Investment Income	11	46	7	-	-
Earnings From Equity Investments	209	328	316	361	281
Currency Exchange Gain (Loss)	-1	-12	-22	-12	9
Other Non Operating Income (Expenses)	-25	-20	3	-28	-35
EBT Excluding Unusual Items	2,114	2,340	2,030	2,109	1,789
Merger & Restructuring Charges	-20	-25	-72	-	350
Gain (Loss) on Sale of Assets	113	21	-	1,110	-
Asset Writedown	-	-	231	-	-474
Other Unusual Items	-	-616	-	-	-
Pretax Income	2,207	1,720	2,189	3,219	1,665
Income Tax Expense	513	-154	413	248	423
Earnings From Continuing Operations	1,694	1,874	1,776	2,971	1,242
Minority Interest in Earnings	-	-10	-	-	-
Net Income	1,694	1,864	1,776	2,971	1,242
Preferred Dividends & Other Adjustments	144	143	128	129	144
Net Income to Common	1,550	1,721	1,648	2,842	1,098
Net Income Growth	-9.12%	4.96%	-40.22%	139.21%	-
Shares Outstanding (Basic)	581	573	550	553	550
Shares Outstanding (Diluted)	582	574	551	554	551
Shares Change (YoY)	1.39%	4.17%	-0.54%	0.54%	0.18%
EPS (Basic)	2.67	3.00	3.00	5.14	2.00
EPS (Diluted)	2.66	3.00	2.99	5.12	1.99
EPS Growth	-11.33%	0.33%	-41.60%	157.29%	-
Free Cash Flow	2,489	2,233	2,014	2,303	1,967
Free Cash Flow Per Share	4.28	3.89	3.65	4.16	3.57
Dividend Per Share	2.840	2.737	2.655	2.550	2.520
Dividend Growth	3.74%	3.11%	4.12%	1.19%	-
Gross Margin	38.37%	40.47%	39.87%	23.55%	28.90%
Operating Margin	32.23%	34.85%	34.43%	19.24%	22.70%
Profit Margin	19.93%	23.31%	26.03%	24.48%	12.73%
Free Cash Flow Margin	32.00%	30.24%	31.81%	19.84%	22.80%
EBITDA	3,436	3,378	2,784	2,851	2,606
EBITDA Margin	44.18%	45.75%	43.97%	24.55%	30.21%
D&A For EBITDA	929	805	604	617	648
EBIT	2,507	2,573	2,180	2,234	1,958
EBIT Margin	32.23%	34.85%	34.43%	19.24%	22.70%
Effective Tax Rate	23.24%	-	18.87%	7.70%	25.41%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.