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StockVS

TSX · Oil & Gas Midstream · CAD

Pembina Pipeline Corporation (PPL.TO) Stock Analysis

Pembina Pipeline Corporation (PPL.TO) is a Oil & Gas Midstream stock listed on TSX and quoted in Canadian Dollar.

Last Updated: October 21, 2026

PPL.TO

CA$71.13

+CA$0.64 (+0.91%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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PPL.TO Key Statistics

As of Oct 21, 2026
Trading
Open
CA$70.46
Previous Close
CA$70.49
Day's Range
70.46–71.74
52-Week Range
50.15–72.72
Volume
2.06M
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
0.75
Valuation
Market Cap
CA$41.37B
P/E Ratio
25.05
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
22.23
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
1.71
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
5.20
EPS (ttm)Profit attributable to each share over the last twelve months.
2.84
Financials (FY)
Revenue (FY)
CA$7.78B+5.34%
Net Income (FY)
CA$1.69B−9.12%
Profit marginThe share of revenue left as profit after all costs and taxes.
22.42%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
581.56M
1-Year Return
+38.92%
Dividend and dates
Dividend
CA$2.94+4.17%
Ex-Dividend Date
September 15, 2026
Earnings Date
November 5, 2026
Avg Volume
2.21M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, PPL.TO closed at CA$71.13, +38.92% over 1 year.

Pembina Pipeline Corporation (PPL.TO) has a market capitalization of CA$41.37B.

In fiscal 2025, PPL.TO reported revenue of CA$7.78B.

PPL.TO Stock Return by Calendar Year

Pembina Pipeline Corporation (PPL.TO) 10-year return: what CA$10,000 became

1 year
CA$10,000 CA$13,892
+38.92%
5 years
CA$10,000 CA$22,039
+120.39%
10 years
CA$10,000 CA$29,319
+193.19%

If you had invested CA$10,000 in Pembina Pipeline Corporation (PPL.TO) 10 years ago, at the close on October 21, 2016, it would have been worth CA$29,319 at the close on October 21, 2026: +193.19% in total, +11.36% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+39.14%
2025+3.76%
2024+22.71%
2023+5.56%
2022+26.63%
2021+36.13%
2020−32.39%
2019+24.75%
2018−6.28%
2017+13.75%
2016 (partial year)+8.72%

As of October 21, 2026.

PPL.TO Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025CA$7.78BCA$1.69B21.8%
2024CA$7.38BCA$1.86B25.2%
2023CA$6.33BCA$1.78B28.1%
2022CA$11.61BCA$2.97B25.6%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025CA$7.78BCA$3.19BCA$2.70BCA$1.69B21.8%
2024CA$7.38BCA$3.32BCA$2.88BCA$1.86B25.2%
2023CA$6.33BCA$2.84BCA$2.42BCA$1.78B28.1%
2022CA$11.61BCA$3.12BCA$2.60BCA$2.97B25.6%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

PPL.TO Dividend History

CA$2.82+3.0% vs 2024

Dividends per share, 2025 · 4 payments

YearDividends per sharePaymentsChange
2026*CA$2.183—
2025CA$2.824+3.0%
2024CA$2.744+3.0%
2023CA$2.664+4.1%
YearDividends per sharePaymentsChange
2026 (partial year)CA$2.183—
2025CA$2.824+3.0%
2024CA$2.744+3.0%
2023CA$2.664+4.1%
2022CA$2.5512+1.3%
2021CA$2.5212+0.0%
2020CA$2.5212+6.8%
2019CA$2.3612+5.4%
2018CA$2.2412+9.8%
2017CA$2.0412+325.0%
2016CA$0.483—

Most recent payment: CA$0.73 per share, ex-dividend September 15, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

PPL.TO Valuation vs Oil & Gas Midstream Median

Median of 63 stocks
MetricPPL.TOOil & Gas Midstream medianvs median
P/E25.0514.1178% above
P/S ratio5.202.6794% above
Profit margin22.42%22.05%0.4 pts above

Medians across 63 Oil & Gas Midstream stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Analysis

Data-derived

Company Overview

The market values Pembina Pipeline Corporation (PPL.TO) at CA$41.37B. The company sits in the Energy sector, in the Oil & Gas Midstream industry. The company reports 2,974 employees.

Over the past 52 weeks the price has ranged from CA$50.15 to CA$72.72. The most recent close on file for PPL.TO is CA$71.13, dated October 21, 2026. That is +CA$0.64 (+0.91%) against the previous close. The latest close sits 41.83% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2025, shows revenue of CA$7.78B. That is +5.34% against the prior fiscal year, when revenue was CA$7.38B. Net income for the same year was CA$1.69B. That is −9.12% against the prior fiscal year. The reported profit margin is 22.42%. That is 0.4 percentage points above the Oil & Gas Midstream median of 22.05%. Earnings per share on a trailing basis come to 2.84.

Across the 4 fiscal years on file, revenue moves from CA$11.61B in 2022 to CA$7.78B in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

The trailing P/E ratio stands at 25.05. That is 77.53% above the Oil & Gas Midstream median of 14.11. The forward P/E on file is 22.23. The PEG ratio, which sets the P/E against expected earnings growth, reads 1.71. The price-to-sales ratio is 5.2. On price-to-sales that is 94.37% above the Oil & Gas Midstream median of 2.67. The medians here are taken across 63 Oil & Gas Midstream companies that report the metric.

The reported beta is 0.75. Daily returns over the trailing 10 years annualize to a volatility of 30.98%. Over the trailing twelve months the total return is +38.92%. Across 10 years the annualized return works out at +11.36%.

Growth & Income

PPL.TO pays a dividend yielding 4.17%. That is 1.2 percentage points below the Oil & Gas Midstream median yield of 5.41%. The indicated annual rate is CA$2.94 a share. The ex-dividend date on file is September 15, 2026. Dividends are recorded for 11 calendar years; 2026 shows 3 payments totalling CA$2.18 a share. The year before, 2025, totalled CA$2.82 a share.

So far in 2026 the total return is +39.14%. The strongest complete calendar year on file is 2021 at +36.13%; the weakest is 2020 at −32.39%. Of the 9 complete calendar years on file, 7 finished higher.

Peer Comparison

Pembina Pipeline Corporation (PPL.TO) operates in the Oil & Gas Midstream industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Pembina Pipeline Corporation PPL.TO CA$41.37B 25.1
Enbridge Inc. ENB $107.01B 25.7
The Williams Companies, Inc. WMB $89.05B 29.0
Enterprise Products Partners L.P. EPD $79.02B 12.7

Market caps are shown in each company's own trading currency, without conversion, and the peers are listed in order of these unconverted figures.

The Oil & Gas Midstream industry average P/E ratio is 14.1x. Pembina Pipeline Corporation trades at a P/E of 25.1.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About Pembina Pipeline Corporation

Pembina Pipeline Corporation provides energy transportation and midstream services. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 3.0 million of barrels of oil equivalent per day, and the ground storage capacity of 10 million of barrels serving markets and basins across North America. The Facilities segment offers infrastructure that provides customers with crude oil, natural gas, condensate, and natural gas liquids (NGLs), including ethane, propane, butane, and condensate; and includes 430 thousands of barrels of NGL fractionation capacity, 21 million of barrels of cavern storage capacity, and various oil batteries, associated pipeline, and rail terminalling facilities and a liquefied propane export facility. The Marketing & New Ventures segment buys and sells hydrocarbon liquids and natural gas originating in the Western Canadian sedimentary basin and other basins. Pembina Pipeline Corporation was incorporated in 1954 and is headquartered in Calgary, Canada.

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