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Pembina Pipeline ( (TSE:PPL) ) has issued an announcement.
On February 26, 2026, Pembina Pipeline reported its financial and operating results for the fourth quarter and full year 2025, posting full-year earnings of $1.69 billion, adjusted EBITDA of $4.29 billion, and adjusted operating cash flow of $2.85 billion, alongside record annual pipeline and facilities throughput of 3.7 million barrels of oil equivalent per day. While quarterly earnings and adjusted metrics were down versus 2024, cash flow from operating activities improved year-on-year, and capital spending fell, underscoring disciplined investment.
Operationally, Pembina sanctioned two conventional pipeline expansion projects totaling $425 million to support rising volumes in northeast British Columbia and Alberta, adding significant incremental capacity between Birch, Taylor and Gordondale. During the quarter it also fully remarketed its 1.5 mtpa Cedar LNG capacity through long-term deals with PETRONAS and Ovintiv, and secured new long-term, take-or-pay agreements with Tourmaline covering gas processing at PGI, transportation on its Peace Pipeline and fractionation at Redwater, which together strengthen contracted cash flows and reinforce its positioning in Western Canadian gas and LNG value chains.
The most recent analyst rating on (TSE:PPL) stock is a Hold with a C$60.00 price target. To see the full list of analyst forecasts on Pembina Pipeline stock, see the TSE:PPL Stock Forecast page.
Spark’s Take on TSE:PPL Stock
According to Spark, TipRanks’ AI Analyst, TSE:PPL is a Outperform.
Pembina Pipeline’s overall stock score reflects a balance of strong technical indicators and strategic initiatives, offset by financial challenges such as declining revenue and free cash flow growth. The company’s efforts to optimize its capital structure and secure long-term contracts are positive, but addressing financial weaknesses is crucial for sustained performance.
To see Spark’s full report on TSE:PPL stock, click here.
More about Pembina Pipeline
Pembina Pipeline Corporation is a Calgary-based energy infrastructure company operating midstream assets across Western Canada and the U.S., including conventional and oil sands pipelines, gas processing and fractionation facilities, and related services. It focuses on transporting and processing natural gas and natural gas liquids, with a growing emphasis on export-oriented projects such as Canadian West Coast LNG to serve Asian markets.
Average Trading Volume: 2,852,760
Technical Sentiment Signal: Buy
Current Market Cap: C$35.25B
See more insights into PPL stock on TipRanks’ Stock Analysis page.