Companies: 10,795·Total market cap: $144.5T
Pembina Pipeline Corporation

Pembina Pipeline Corporation

PPL-PQ.TOTSXEnergy● Active
$26.23
+$0.13(+0.50%)
Market Cap$36.7B
P/E Ratio—
52W High$26.23
52W Low$24.55
Free Cash FlowFinancialsRevenue

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

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

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

Core FCF metrics

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

Positive FCFNegative FCF
Free Cash Flow
YoY Growth %
ppl-pq.to free cash flow history · ppl-pq.to free cash flow chart · ppl-pq.to free cash flow growth rate · ppl-pq.to free cash flow last 10 years

Annual free cash flow data

Fiscal YearFree Cash FlowYoY ChangeFCF Margin
FY2025Latest$2.49B▲ +11.5%32.4%
FY2024$2.23B▲ +10.9%30.2%
FY2023$2.01B▼ 12.5%31.8%
FY2022$2.30B▲ +17.1%19.8%
FY2021$1.97B▲ +67.1%22.8%
FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP
ppl-pq.to free cash flow 2025 · ppl-pq.to free cash flow 2024 · ppl-pq.to free cash flow 2023 · ppl-pq.to operating cash flow

FCF valuation metrics

Pembina Pipeline Corporation (PPL-PQ.TO) trades at a FCF yield of 4.98% and a price-to-free-cash-flow ratio of 7.7x. FCF per share stands at $3.39, 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)
$3.39
TTM FCF ÷ Shares Outstanding
Price / FCF
x7.7
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
ppl-pq.to price to free cash flow · ppl-pq.to free cash flow yield · ppl-pq.to free cash flow per share · ppl-pq.to price to cash flow ratio

Cash flow statement summary

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 →
ppl-pq.to cash flow statement · ppl-pq.to cash flow statement 2025 · ppl-pq.to operating cash flow · ppl-pq.to cash flow from operations

Free cash flow vs peers (Energy)

#CompanyFree Cash FlowYoY
#1
Pembina Pipeline Corporation
Pembina Pipeline CorporationYOU
PPL-PQ.TO
$2.49B+11.5%
#2
Exxon Mobil Corporation
Exxon Mobil Corporation
XOM
$23.61B-23.1%#3
Shell plc
Shell plc
SHEL
$21.82B-37.8%#4
Chevron Corporation
Chevron Corporation
CVX
$16.59B+10.3%#5
TotalEnergies SE
TotalEnergies SE
TTE
$10.81B-32.2%#6
Enbridge Inc.
Enbridge Inc.
ENB.TO
$3.98B-29.8%
Energy · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Pembina Pipeline Corporation (PPL-PQ.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 4.98% and price-to-FCF ratio is 7.7x 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.
RevenueFinancial statementsNet incomeEarningsForecastPrice historyMarket capCash on handP/E ratio

Frequently asked questions

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