# Pembina Pipeline (PBA) — Earnings

PBA · NYSE · Stock

Canonical page: https://www.lighthorse.io/tickers/pba/earnings

## Most recent quarter

| Metric | Value |
| --- | --- |
| Fiscal period | Q2 2026 |
| Period end | Jun 30, 2026 |
| EPS actual | $0.46 |
| EPS estimate | $0.51 |
| EPS surprise | −9.31% |
| Revenue surprise | +3.71% |
| Revenue | $1.5B |
| Revenue estimate | $1.5B |
| Reported | Jul 31, 2026 |
| SEC filing | [View filing](https://www.sec.gov:443/Archives/edgar/data/1546066/000154606626000063/form6-kcoverpressreleaseq2.htm) |

Pembina Pipeline reported Q2 2026 results on July 31, 2026. Earnings per share were $0.46, missing the $0.51 estimate by 9.31%. Revenue of $1.5 billion beat the consensus by 3.71%. Compared with Q2 2025, EPS was about 4% lower than $0.48, while revenue rose from $1.3 billion. EPS also fell from $0.58 in Q1 2026.

Over the longer record, earnings have drifted lower. Annual EPS was $3.81 in 2022, then $2.23 in 2023, $2.18 in 2024 and $1.92 in 2025. The 2022 total includes Q3 2022, an unusually large quarter at $2.33 per share and the table's high. Revenue peaked at $2.4 billion in Q1 and Q2 2022 and has ranged from $1.1 billion to $1.9 billion a quarter since 2023. The first half of 2026 totals $1.04, the same as a year earlier. Pembina beat EPS estimates in 11 of the 20 quarters, with misses in Q3 of each year from 2023 to 2025.

Pembina reported third-quarter results between November 2 and November 6 in each of the past five years. That points to early November 2026 for the Q3 2026 report, which will show how the quarter compares with $0.31 per share in Q3 2025.

## Earnings history

| Fiscal period | Report date | EPS estimate | EPS actual | Surprise | Revenue estimate | Revenue actual |
| --- | --- | --- | --- | --- | --- | --- |
| Q2 2026 | Jul 31, 2026 | $0.51 | $0.46 | -9.31% | $1.5B | $1.5B |
| Q1 2026 | May 8, 2026 | $0.53 | $0.58 | 10.54% | $1.4B | $1.5B |
| Q4 2025 | Feb 27, 2026 | $0.52 | $0.57 | 8.33% | $1.6B | $1.4B |
| Q3 2025 | Nov 6, 2025 | $0.46 | $0.31 | -33.15% | $1.5B | $1.3B |
| Q2 2025 | Aug 7, 2025 | $0.47 | $0.48 | 1.49% | $1.5B | $1.3B |
| Q1 2025 | May 8, 2025 | $0.56 | $0.56 | -0.11% | $1.6B | $1.6B |
| Q4 2024 | Feb 27, 2025 | $0.59 | $0.64 | 8.91% | $1.4B | $1.5B |
| Q3 2024 | Nov 5, 2024 | $0.54 | $0.44 | -17.68% | $1.5B | $1.4B |
| Q2 2024 | Aug 8, 2024 | $0.54 | $0.55 | 0.79% | $1.4B | $1.4B |
| Q1 2024 | May 9, 2024 | $0.55 | $0.55 | -0.42% | $1.9B | $1.1B |
| Q4 2023 | Feb 23, 2024 | $0.61 | $0.91 | 49.24% | $1.9B | $1.9B |
| Q3 2023 | Nov 2, 2023 | $0.50 | $0.42 | -15.78% | $1.6B | $1.7B |
| Q2 2023 | Aug 3, 2023 | $0.44 | $0.45 | 2.35% | $1.7B | $1.6B |
| Q1 2023 | May 4, 2023 | $0.49 | $0.45 | -8.83% | $1.8B | $1.7B |
| Q4 2022 | Feb 23, 2023 | $0.55 | $0.29 | -47.41% | $1.8B | $2.0B |
| Q3 2022 | Nov 3, 2022 | $0.45 | $2.33 | 420.75% | $1.8B | $2.0B |
| Q2 2022 | Aug 4, 2022 | $0.48 | $0.54 | 11.51% | $2.3B | $2.4B |
| Q1 2022 | May 5, 2022 | $0.56 | $0.65 | 15.65% | $1.9B | $2.4B |
| Q4 2021 | Feb 25, 2022 | $0.51 | $0.06 | -87.60% | $1.3B | $2.0B |
| Q3 2021 | Nov 5, 2021 | $0.49 | $0.80 | 62.44% | $1.3B | $1.7B |

## Frequently Asked Questions

### When did Pembina Pipeline (PBA) last report earnings?

Pembina Pipeline last reported on Jul 31, 2026, covering fiscal Q2 2026.

### Did PBA beat earnings estimates?

No. Pembina Pipeline reported EPS of $0.46 for Q2 2026 against a $0.51 estimate — a 9.31% miss.

### How much revenue did PBA report last quarter?

Pembina Pipeline reported $1.5B in revenue for Q2 2026, against a consensus estimate of $1.5B.

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Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).
