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Pembina Pipeline Corp PBA Stock Quote

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Morningstar‘s Stock Analysis PBA

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Capital Allocation


Pembina's Marketing Profits Continue to Boost Earnings in Second Quarter

Stephen Ellis Sector Strategist

Analyst Note

| Stephen Ellis |

Pembina Pipeline's second-quarter results were healthy, and the company boosted its 2022 EBITDA guidance modestly thanks to continued marketing strength. That guidance now stands at a midpoint of CAD 3.625 billion, matching our forecast. With no material changes to our outlook after refreshing our model, we are leaving our Canadian fair value estimate unchanged at CAD 37 per share. Our U.S. dollar fair value estimate declines by $0.50 per share to $29 after updating exchange rates. Our no-moat rating remains the same.

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Key Statistics PBA

Company Profile PBA

Business Description

Pembina Pipeline is a midstream company serving the Canadian and North American (primarily Bakken) markets with an integrated product portfolio. The firms' assets include pipelines and gas gathering as well as assets across fractionation, storage, and propane exports.

585 - 8th Avenue S.W., Suite 4000
Calgary, AB, T2P 1G1, Canada
T +1 403 231-7500
Sector Energy
Industry Oil & Gas Midstream
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Stock Type
Employees 2,349