PBA FY 2024 Earnings Report — Pembina Pipeline Corporation Revenue & Financial Results | Market Cap Arena

Pembina Pipeline CorporationPBA

FY 2024 Earnings

Reported February 27, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2024	Prior Q	FY 2023	QoQ Change	YoY Change
Revenue	$5.4B	—	$4.6B	—	16.6%
Op. Income	$1.7B	—	$1.9B	—	-14.1%
Gross Margin	44.9%	—	44.9%	—	0.0pp
Net Margin	25.2%	—	28.1%	—	-2.8pp
EPS (Diluted)	$2.19	—	$2.19	—	0.3%
Free Cash Flow	$1.7B	—	$1.5B	—	11.3%

Revenue Flow

Item	Amount
REVENUE	$5.4B
Cost of Revenue	$3.0B
GROSS PROFIT	$2.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$324M
SG&A Expenses	$324M
Other Expenses	$432M
Operating Expenses	$756M
Cost & Expenses	$3.7B
OPERATING INCOME	$1.7B
Interest Income	$34M
Interest Expense	$435M
Other Income/Expenses	-$410M
INCOME BEFORE TAX	$1.3B
Income Tax Expense	-$113M
NET INCOME	$1.4B
D&A	$630M
EBIT	$1.7B
EBITDA	$2.3B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$5.4B
Cost of Revenue	$3.0B
GROSS PROFIT	$2.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$324M
SG&A Expenses	$324M
Other Expenses	$432M
Operating Expenses	$756M
Cost & Expenses	$3.7B
OPERATING INCOME	$1.7B
Interest Income	$34M
Interest Expense	$435M
Other Income/Expenses	-$410M
INCOME BEFORE TAX	$1.3B
Income Tax Expense	-$113M
NET INCOME	$1.4B
D&A	$630M
EBIT	$1.7B
EBITDA	$2.3B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.4B
Depreciation & Amortization	$630M
Stock-Based Compensation	$61M
Deferred Income Tax	-$113M
Other Non-Cash Items	$439M
Change in Working Capital	-$31M
OPERATING CASH FLOW	$2.3B
Capital Expenditure	-$698M
Acquisitions (Net)	-$1.9B
Purchases of Investments	-$271M
Sales/Maturities of Investments	$46M
Other Investing Activities	-$50M
NET CASH FROM INVESTING	-$2.9B
Net Debt Issuance	$1.0B
Common Stock Repurchased	$0
Common Dividends Paid	-$1.1B
Other Financing Activities	$728M
NET CASH FROM FINANCING	$495M
FREE CASH FLOW	$1.7B
Net Change in Cash	-$7M

Balance Sheet

Item	Amount
Cash & Equivalents	$103M
Short-Term Investments	$0
Net Receivables	$791M
Inventory	$220M
Other Current Assets	$10M
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$17.0B
Goodwill	$3.7B
Intangible Assets	$1.1B
Long-Term Investments	$3.1B
Tax Assets	$0
Other Non-Current Assets	$242M
TOTAL NON-CURRENT ASSETS	$25.1B
TOTAL ASSETS	$26.3B
Account Payables	$387M
Short-Term Debt	$1.1B
Deferred Revenue	$31M
Other Current Liabilities	$55M
TOTAL CURRENT LIABILITIES	$2.1B
Long-Term Debt	$8.1B
Deferred Revenue NC	$186M
Deferred Tax Liabilities	$2.1B
Other Non-Current Liabilities	$525M
TOTAL NON-CURRENT LIABILITIES	$11.4B
TOTAL LIABILITIES	$13.5B
Common Stock	$12.4B
Additional Paid-In Capital	$0
Retained Earnings	-$1.7B
Treasury Stock	$0
Accum. Other Comp. Income	$468M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$12.8B
Minority Interest	$0
TOTAL EQUITY	$12.8B
TOTAL LIABILITIES & EQUITY	$26.3B
Total Debt	$9.7B
Net Debt	$9.6B