The earnings call presented a balanced view with significant achievements in project execution and strategic expansions, particularly in propane export capabilities and long-term contracts. However, these were offset by declines in adjusted EBITDA and earnings, as well as challenges in the NGL marketing segment. The sentiment is balanced due to the mix of positive project milestones and financial challenges.

Company Guidance

During Pembina Pipeline Corporation's Q2 2025 results conference call, the company provided updated guidance and project updates. Pembina reported a quarterly adjusted EBITDA of $1.013 billion and revised their full-year 2025 adjusted EBITDA guidance to a range of $4.225 billion to $4.425 billion. The Cedar LNG Project is advancing on schedule with an anticipated in-service date in late 2028, while the RFS IV project is expected to be operational in the first half of 2026 and is trending 5% under budget at approximately $500 million. Pembina is also undertaking a significant expansion of its propane export capabilities, with a new commercial agreement with AltaGas for 30,000 barrels per day of LPG export capacity. Additionally, they are investing in infrastructure projects such as the Taylor-to-Gordondale and Fox Creek-to-Namao expansions, with final investment decisions expected by the end of 2025 and the first quarter of 2026, respectively. Pembina's long-term outlook remains positive, supported by strong business fundamentals and expected volume growth across the Western Canadian Sedimentary Basin (WCSB) products, driven by robust producer economics and new egress projects.

Strong Project Execution and Milestones

The Cedar LNG Project is progressing on time and on budget, with major milestones achieved, such as the start of steel cutting for the floating LNG vessel. The RFS IV project is also progressing towards an in-service date in 2026, trending approximately 5% under the previous cost estimate.

Propane Export Capacity Expansion

Pembina is strengthening its propane export capabilities, with access to 50,000 barrels per day of competitive export capacity through its own Prince Rupert Terminal and an agreement with AltaGas. The company has approved optimization of the Prince Rupert Terminal for increased storage capacity.

Long-term Contracts and Strategic Partnerships

Pembina secured long-term take-or-pay commitments with key customers and expanded its footprint in the Wapiti region, enhancing its propane and NGL business with strategic partnerships and acquisitions.

Positive Volume Growth Outlook

Pembina anticipates low to mid-single-digit annual volume growth through the end of the decade across all WCSB products, supported by strong business fundamentals and potential new demand from data centers and petrochemical facilities.

Pembina Pipeline (PBA) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

PBA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	0.48 / -	0.435	―	―	―
Aug 07, 2025	2025 (Q2)	0.46 / 0.47	0.544	-13.33% (-0.07)	―
May 08, 2025	2025 (Q1)	0.58 / 0.58	0.537	8.11% (+0.04)	―
Feb 27, 2025	2024 (Q4)	0.61 / 0.67	0.878	-23.97% (-0.21)	―
Nov 05, 2024	2024 (Q3)	0.53 / 0.44	0.414	5.26% (+0.02)	―
Aug 08, 2024	2024 (Q2)	0.54 / 0.54	0.435	25.00% (+0.11)	―
May 09, 2024	2024 (Q1)	0.54 / 0.54	0.443	21.31% (+0.09)	―
Feb 22, 2024	2023 (Q4)	0.59 / 0.88	0.283	210.26% (+0.60)	―
Nov 02, 2023	2023 (Q3)	0.49 / 0.41	2.344	-82.35% (-1.93)	―
Aug 03, 2023	2023 (Q2)	0.43 / 0.44	0.501	-13.04% (-0.07)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

PBA Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	$36.89	$35.50	-3.77%
May 08, 2025	$38.87	$36.58	-5.89%
Feb 27, 2025	$35.41	$37.87	+6.95%
Nov 05, 2024	$40.64	$38.99	-4.06%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Pembina Pipeline (PBA) report earnings?

Pembina Pipeline (PBA) is schdueled to report earning on Oct 30, 2025, After Close (Confirmed).

What is Pembina Pipeline (PBA) earnings time?

Pembina Pipeline (PBA) earnings time is at Oct 30, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is PBA EPS forecast?

PBA EPS forecast for the fiscal quarter 2025 (Q3) is 0.48.

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