Pembina Pipeline Corporation

PPL-PC.TOTSXEnergy● Active

$25.31

$-0.19(-0.75%)

Market Cap$39.6B

P/E Ratio—

52W High$25.61

52W Low$23.09

Avg Volume4K

Open$25.35

Beta0.70

Free Cash Flow Financials Revenue

Pembina Pipeline Corporation (PPL-PC.TO) Free Cash Flow & Analysis

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

PPL-PC.TO · free cash flow · updated Jun 8, 2026

Core FCF metrics

PPL-PC.TO · FCF · TTM · margin & CAGR

Free cash flow was $2.49B for FY2025 (fiscal year ending 2025-12-31), up 11.5% year-over-year The FCF margin was 32.4%. Five-year CAGR stands at +16.2%.

FY2025 Free Cash Flow$2.49B▲ +11.5% YoY

Trailing 12M (TTM)$1.97Btrailing 4 quarters sum

FCF Margin32.4%$2.49B ÷ revenue

3-Year CAGR+2.6%FY2022 → FY2025

5-Year CAGR+16.2%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

PPL-PC.TO · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$3.27B(784M)$2.49B▲ +11.5%32.4%

FY2024$3.19B(955M)$2.23B▲ +10.9%30.2%

FY2023$2.62B(606M)$2.01B▼ 12.5%31.8%

FY2022$2.91B(605M)$2.30B▲ +17.1%19.8%

FY2021$2.63B(658M)$1.97B▲ +67.1%22.8%

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

FCF valuation metrics

PPL-PC.TO · P/FCF · FCF yield · FCF per share

Pembina Pipeline Corporation (PPL-PC.TO) trades at a FCF yield of 4.99% and a price-to-free-cash-flow ratio of 7.5x. FCF per share stands at $3.39, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

4.99%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$3.39

TTM FCF ÷ Shares Outstanding

Price / FCF

x7.5

Share Price ÷ FCF per Share

EV / FCF (TTM)

x27.0

Enterprise Value basis

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

Cash flow statement summary

PPL-PC.TO · cash flow statement · operating / investing / financing

For FY2025, Pembina Pipeline Corporation generated $3.27B in operating cash flow and spent 784M in capital expenditures, yielding $2.49B in free cash flow.

Operating Activities

+$3.27B

Cash from core business operations

2025-12-31

Investing Activities

−$1.06B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$2.24B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($3.27B) − |CapEx| (784M) = FCF ($2.49B)

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

View Full Cash Flow Statement →

Free cash flow vs peers (Energy)

PPL-PC.TO vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Pembina Pipeline CorporationYOU

PPL-PC.TO

$2.49B+11.5%32.4%

11%

Exxon Mobil Corporation

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

About Free Cash Flow & Methodology

Pembina Pipeline Corporation (PPL-PC.TO) reported free cash flow of $2.49B for FY2025 (fiscal year ending 2025-12-31), up 11.5% year-over-year. The FCF margin was 32.4%.

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 +16.2%.

Pembina Pipeline Corporation's FCF yield is 4.99% and price-to-FCF ratio is 7.5x 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

PPL-PC.TO free cash flow · 8 questions

Pembina Pipeline Corporation free cash flow was $2.49B for FY2025, up 11.5% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $1.97B.

PPL-PC.TO free cash flowPPL-PC.TO FCFPPL-PC.TO FCF 2025PPL-PC.TO 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