The earnings call presented a mix of positive developments in project execution, export capability expansions, and long-term contract stability, offset by decreased earnings and challenges in the marketing segment. Competitive threats were acknowledged, though management expressed confidence in their strategic positioning.

Company Guidance -

Q3 2025

During the Pembina Pipeline Corporation Q2 2025 Results Conference Call, the company updated its full-year 2025 adjusted EBITDA guidance range to $4.225 billion to $4.425 billion. The call highlighted Pembina's progress on various projects, including the Cedar LNG Project, which remains on budget and on schedule for a late 2028 in-service date. Pembina also discussed the RFS IV project, which is trending approximately 5% under the previous cost estimate with a new expected total cost of approximately $500 million. The company emphasized the strength of the Western Canadian Sedimentary Basin (WCSB) fundamentals, projecting low to mid-single-digit annual volume growth through the end of the decade. Pembina also highlighted its propane export capabilities, anticipating access to 50,000 barrels per day of export capacity through its Prince Rupert Terminal and a commercial agreement with AltaGas. Additionally, Pembina reported second-quarter adjusted EBITDA of $1.013 billion and earnings of $417 million, reflecting a 7% and 13% decrease, respectively, compared to the same period in the prior year. The company remains focused on executing its construction projects and pursuing new initiatives to support growth in the WCSB.

Strong Project Progress

The Cedar LNG Project remains on budget and on time with an expected in-service date of late 2028. Additionally, the RFS IV project is trending approximately 5% under the previous cost estimate with a revised expected total cost of approximately $500 million.

Increased Export Capabilities

Pembina is strengthening its propane export capabilities with a new commercial agreement with AltaGas for 30,000 barrels per day of LPG export capacity and optimizing the Prince Rupert Terminal to expand access to global markets.

Long-Term Contracts and Growth Outlook

Pembina has a weighted average contract life of approximately 7.5 years for 1 million barrels of firm contracted volumes, reflecting the successful extension of existing contracts and new long-term agreements.

Greenlight Electricity Centre Progress

The Greenlight project, a partnership with Kineticor, advanced significantly, securing a sufficient megawatt allocation for a viable scale, aiming for a 2029 in-service date.

Pembina Pipeline (TSE:PPL) 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 >

TSE:PPL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	0.66 / -	0.6	―	―	―
Aug 07, 2025	2025 (Q2)	0.64 / 0.65	0.75	-13.33% (-0.10)	―
May 08, 2025	2025 (Q1)	0.80 / 0.80	0.74	8.11% (+0.06)	―
Feb 27, 2025	2024 (Q4)	0.84 / 0.92	1.21	-23.97% (-0.29)	―
Nov 05, 2024	2024 (Q3)	0.73 / 0.60	0.57	5.26% (+0.03)	―
Aug 08, 2024	2024 (Q2)	0.74 / 0.75	0.6	25.00% (+0.15)	―
May 09, 2024	2024 (Q1)	0.74 / 0.74	0.61	21.31% (+0.13)	―
Feb 22, 2024	2023 (Q4)	0.81 / 1.21	0.39	210.26% (+0.82)	―
Nov 02, 2023	2023 (Q3)	0.68 / 0.57	3.23	-82.35% (-2.66)	―
Aug 03, 2023	2023 (Q2)	0.59 / 0.60	0.69	-13.04% (-0.09)	―

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

TSE:PPL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	C$50.73	C$48.90	-3.61%
May 08, 2025	C$54.11	C$50.95	-5.85%
Feb 27, 2025	C$51.16	C$54.79	+7.10%
Nov 05, 2024	C$56.26	C$54.42	-3.28%

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 (TSE:PPL) report earnings?

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

What is Pembina Pipeline (TSE:PPL) earnings time?

Pembina Pipeline (TSE:PPL) 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 TSE:PPL EPS forecast?

TSE:PPL EPS forecast for the fiscal quarter 2025 (Q3) is 0.66.

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