Quarterly ResultMay 8, 2026, 06:08 AM
Pembina Q1 Adjusted EPS 0.81; Earnings 498M
AI Summary
Pembina Pipeline Corporation reported Q1 2026 adjusted earnings per share of 0.81, up from 0.78 in Q1 2025, while consolidated earnings decreased slightly to 498 million. Adjusted EBITDA declined to 1,131 million, primarily due to the Alliance New Toll Structure and narrower NGL frac spreads, partially offset by strong operational performance and volume growth in Pipelines and Facilities. The company also highlighted significant progress on several expansion projects, including RFS IV, Prince Rupert Terminal Optimization, and Cedar LNG, many of which are on schedule or ahead of schedule and within budget.
Key Highlights
- Q1 2026 Adjusted EPS rose to 0.81 from 0.78.
- Q1 2026 Earnings decreased to 498 million from 502 million.
- Q1 2026 Adjusted EBITDA fell to 1,131 million from 1,167 million.
- Pipelines earnings decreased to 489 million due to Alliance New Toll Structure.
- Facilities earnings increased to 198 million from stronger PGI performance.
- Marketing & New Ventures earnings rose to 175 million.
- RFS IV fractionator commissioning for Q2 2026 in-service, trending under budget.
- Cedar LNG project over 50% complete, on time for late-2028 in-service.