Pembina Pipeline boosts financial target thanks to strengthening commodity prices
Posted May 7, 2026 07:16:26 PM.
Last Updated May 7, 2026 07:23:10 PM.
CALGARY — Pembina Pipeline Corp. has raised its financial targets for the year due to a strengthening commodity price outlook.
The Calgary-based natural gas processor and shipper expects its earnings before interest, taxes, depreciation and amortization to range between $4.35 billion and $4.55 billion.
At the mid-point of that range, it marks a $175-million increase over its earlier guidance.
In its first-quarter results, Pembina says its earnings dropped slightly to $498 million from $502 million a year earlier.
On a per-share basis, the earnings were flat year-over-year at 80 cents.
Revenue for the first three months of the year came in at $2.1 billion, down from $2.28 billion in the same 2025 quarter.
This report by The Canadian Press was first published May 7, 2026.
Companies in this story: (TSX:PPL)
The Canadian Press
