Pembina Pipeline Corporation

PBANYSEEnergy● Active

$48.91

+$0.09(+0.17%)

Market Cap$28.4B

P/E Ratio—

52W High$50.1

52W Low$35.45

Avg Volume1.3M

Open$48.78

Beta0.70

Free Cash Flow Financials Revenue

Pembina Pipeline Corporation (PBA) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

PBA · free cash flow · updated Jun 8, 2026

Core FCF metrics

PBA · FCF · TTM · margin & CAGR

Free cash flow was $2.49B for FY2025 (fiscal year ending 2025-12-31), up 10.2% year-over-year The FCF margin was 32.0%. Five-year CAGR stands at +15.3%.

FY2025 Free Cash Flow$2.49B▲ +10.2% YoY

Trailing 12M (TTM)$1.98Btrailing 4 quarters sum

FCF Margin32.0%$2.49B ÷ revenue

3-Year CAGR+2.3%FY2022 → FY2025

5-Year CAGR+15.3%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

PBA · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$3.30B(812M)$2.49B▲ +10.2%32.0%

FY2024$3.21B(955M)$2.26B▲ +11.3%30.6%

FY2023$2.63B(606M)$2.03B▼ 12.7%32.0%

FY2022$2.93B(605M)$2.32B▲ +16.7%20.0%

FY2021$2.65B(658M)$1.99B▲ +62.9%23.1%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

PBA · P/FCF · FCF yield · FCF per share

Pembina Pipeline Corporation (PBA) trades at a FCF yield of 4.98% and a price-to-free-cash-flow ratio of 15.8x. FCF per share stands at $3.10, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

4.98%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$3.10

TTM FCF ÷ Shares Outstanding

Price / FCF

x15.8

Share Price ÷ FCF per Share

EV / FCF (TTM)

x27.1

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

PBA · cash flow statement · operating / investing / financing

For FY2025, Pembina Pipeline Corporation generated $3.30B in operating cash flow and spent 812M in capital expenditures, yielding $2.49B in free cash flow.

Operating Activities

+$3.30B

Cash from core business operations

2025-12-31

Investing Activities

−$1.09B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$2.24B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($3.30B) − |CapEx| (812M) = FCF ($2.49B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Energy)

PBA vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Pembina Pipeline CorporationYOU

PBA

$2.49B+10.2%32.0%

11%

Exxon Mobil Corporation

Energy · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Pembina Pipeline Corporation (PBA) reported free cash flow of $2.49B for FY2025 (fiscal year ending 2025-12-31), up 10.2% year-over-year. The FCF margin was 32.0%.

Based on available data, Pembina Pipeline Corporation has maintained positive free cash flow for at least 8 fiscal year(s). FCF peaked at $2.49B in FY2025. The 5-year CAGR stands at +15.3%.

Pembina Pipeline Corporation's FCF yield is 4.98% and price-to-FCF ratio is 15.8x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

PBA free cash flow · 8 questions

Pembina Pipeline Corporation free cash flow was $2.49B for FY2025, up 10.2% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $1.98B.

PBA free cash flowPBA FCFPBA FCF 2025PBA free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Pembina Pipeline Corporation · Pembina Pipeline Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026