Earnings Alerts

Pembina Pipeline (PPL) Earnings: 2026 Adjusted EBITDA Projected at C$4.13B to C$4.43B with Strategic Growth Initiatives

By December 16, 2025 No Comments
  • Pembina Pipeline projects its adjusted EBITDA for 2026 to be between C$4.13 billion and C$4.43 billion.
  • This projection represents about a four percent increase in fee-based adjusted EBITDA over the 2025 forecast.
  • Pembina has secured a 12-year agreement with Ovintiv Inc. for 0.5 million tonnes per annum of capacity at the Cedar LNG facility.
  • The company plans to hedge approximately 30 percent of its frac spread exposure for the full year 2026, with the goal of achieving this by the end of the first quarter.
  • The midpoint of the 2026 guidance range indicates a compound annual growth of about five percent in fee-based adjusted EBITDA per share from 2023 to 2026, aligning with targets set at its 2024 Investor Day.
  • Pembina’s anticipated income tax expense in 2026 is projected to be between $370 million and $430 million, taking advantage of tax pools available from recently serviced assets.
  • Analyst recommendations for Pembina are 13 buys, 5 holds, and 1 sell.

Pembina Pipeline on Smartkarma



Analysts on Smartkarma have recently covered Pembina Pipeline, with a positive outlook on the company’s future. In a research report titled “Primer: Pembina Pipeline (PPL CN) – Sep 2025″ by Ξ±SK, it is highlighted that Pembina Pipeline is a key player in the Canadian midstream energy sector. The company boasts an extensive network of assets in the Western Canadian Sedimentary Basin, providing various services from pipeline transportation to gas processing. With a focus on fee-based long-term contracts, Pembina Pipeline enjoys stable cash flows, shielding it from direct commodity price fluctuations. The company’s strategic capital program, targeting NGL and condensate pipelines, export terminal enhancements, and investments in energy transition projects, sets a promising path for future growth and dividend sustainability.



A look at Pembina Pipeline Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth3
Resilience3
Momentum3
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

According to Smartkarma’s Smart Scores, Pembina Pipeline has a positive long-term outlook. With a strong overall score across various factors, including Value and Dividend, Pembina Pipeline is positioned well for the future. Its solid Value score indicates that the company is considered a sound investment opportunity based on its current price relative to its intrinsic value. Additionally, the high Dividend score implies that Pembina Pipeline offers attractive dividend payouts to investors. While its Growth, Resilience, and Momentum scores are slightly lower, the company’s strong performance in Value and Dividend aspects signifies a stable and lucrative investment choice.

Pembina Pipeline Corporation, known for providing energy transportation and midstream services, has garnered favorable evaluations in key areas such as Value and Dividend based on Smartkarma’s Smart Scores. Operating in the transportation and storage of hydrocarbon liquids and natural gas products, as well as gas gathering and processing facilities, Pembina Pipeline caters to customers primarily in Canada. Despite slightly lower scores in Growth, Resilience, and Momentum, the company’s robust performance in Value and Dividend underscores its potential as a reliable and rewarding investment in the long run.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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