Pembina Pipeline stock gains 1.09 percent as EBITDA rises

Published on 09/28/2026 at 22:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Pembina Pipeline stock posted CAD 1.064 billion in adjusted EBITDA for Q2 2026, up 5 percent year over year. Guidance remains CAD 4.35 billion to CAD 4.55 billion.

PBA, CA7063271034, Illustration mit AI erstellt.

Pembina Pipeline (ISIN CA7063271034) stock was last at CAD 63.89 on the Toronto Stock Exchange on September 28, 2026, up 1.09 percent from the prior session. The operating catalyst is a second-quarter result that kept the company's full-year outlook intact.

Second-quarter EBITDA rises 5 percent

According to the Yahoo Finance transcript of the July 30, 2026 results call, Pembina reported second-quarter adjusted EBITDA of CAD 1.064 billion for the period ended June 30, 2026. That was CAD 51 million, or 5 percent, higher than in the second quarter of 2025, while adjusted earnings reached CAD 415 million, up 10 percent year over year.

The company also reported second-quarter earnings of CAD 512 million, a 23 percent increase from the same period a year earlier. Pipeline and facilities volumes reached 3.7 million barrels of oil equivalent per day, 3 percent above the prior-year quarter, according to the same Yahoo Finance transcript.

Guidance stays at CAD 4.35 billion

Pembina reaffirmed 2026 adjusted EBITDA guidance of CAD 4.35 billion to CAD 4.55 billion and said it was trending toward the midpoint. Management also pointed to a lower expected third-quarter contribution from seasonality and maintenance spending, followed by a stronger fourth quarter.

The growth framework remains quantified: Pembina is targeting 5 percent to 7 percent compound annual growth in fee-based adjusted EBITDA per share through 2030. The Q2 call also highlighted the 932 megawatt Greenlight gas-fired power project and continued progress toward first Cedar LNG exports in late 2028.

Stock gains while valuation stays below high

At CAD 63.89, the stock stood CAD 8.83 below its 52-week high of CAD 72.72 and CAD 13.74 above its 52-week low of CAD 50.15 on September 28, 2026. Trading volume was 1,953,269 shares, while market capitalization stood at CAD 37.1 billion.

Pembina's investor page identifies the company as a member of the TSX 60 and lists an annualized dividend of CAD 2.94 per share. It also states that Pembina had paid CAD 17.7 billion in dividends since inception through June 30, 2026, according to Pembina Pipeline.