Quarterly ResultMay 8, 2026, 06:07 AM
Pembina Pipeline Raises Dividend 3.5%, Updates 2026 EBITDA Guidance
AI Summary
Pembina Pipeline Corporation announced its first quarter 2026 financial and operating results, reporting adjusted EBITDA of $1,131 million and adjusted cash flow from operating activities of $790 million. The company raised its quarterly common share dividend by 3.5% to $0.735 per share and updated its full-year 2026 adjusted EBITDA guidance range to $4.35 billion to $4.55 billion, primarily due to stronger commodity prices impacting its marketing business. Several key projects, including the Wapiti Expansion and K3 Cogeneration Facility, entered service, and significant progress was made on others like RFS IV and Cedar LNG.
Key Highlights
- Pembina Pipeline increased its Q2 2026 common share dividend by 3.5% to $0.735 per share.
- Updated 2026 adjusted EBITDA guidance range to $4.35 billion - $4.55 billion, an increase of $175 million at the midpoint.
- Reported Q1 2026 adjusted EBITDA of $1,131 million, a 3% decrease compared to Q1 2025.
- Q1 2026 adjusted cash flow from operating activities was $790 million, or $1.36 per share.
- The Wapiti Expansion and K3 Cogeneration Facility were placed into service on time and on budget.
- Renewed and executed new contracts totaling approximately 110,000 bpd on Peace Pipeline.
- RFS IV fractionator commissioning is underway, expected in-service by end of May 2026.
Price Impact
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