Quarterly ResultJul 31, 2026, 06:08 AM
Pembina Pipeline Joins 1M BPD Crude Pipeline Initiative; Q2 EPS $0.83
AI Summary
Pembina Pipeline Corporation announced its participation in a non-binding agreement for a new 1 million bpd crude oil pipeline system to Canada's West Coast, a significant strategic initiative. Concurrently, the company reported strong second-quarter 2026 financial results, with earnings increasing by $95 million to $512 million and Adjusted EBITDA rising by $51 million to $1,064 million. Basic earnings per common share grew to $0.83, up $0.18 year-over-year, driven by wider NGL frac spreads and strong operational performance across its Pipelines, Facilities, and Marketing & New Ventures divisions.
Key Highlights
- Pembina Pipeline joined a non-binding agreement for a new 1M bpd crude oil pipeline system to Canada's West Coast.
- Q2 2026 earnings increased by $95 million to $512 million.
- Q2 2026 Adjusted EBITDA rose by $51 million to $1,064 million.
- Basic earnings per common share for Q2 2026 were $0.83, up $0.18 YoY.
- Facilities division earnings increased by $61 million to $203 million.
- Marketing & New Ventures earnings increased by $90 million to $204 million.
- Pipelines division volumes increased by 41 mboe/d to 2,809 mboe/d.
- Three pipeline expansion projects (Fox Creek-to-Namao, Birch-to-Taylor, Taylor-to-Gordondale) are underway.
Price Impact
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