Pembina Pipeline Reports Strong Q3 2026 Results with 99% Earnings Increase

Pembina Pipeline reported robust third-quarter 2026 financial results, highlighted by a 99% increase in earnings to CAD 570 million. This growth was primarily driven by higher NGL margins and an increased share of profit from PGI. Adjusted EBITDA rose 9% to CAD 1.128 billion, supported by strong operational performance and a favorable commodity environment. The company's Facilities segment saw a 13% EBITDA increase following the entry into service of RFS IV in May 2026, while Marketing & New Ventures surged 69%. Despite a slight dip in Pipeline EBITDA due to new toll structures on the Alliance Pipeline, total midstream volumes grew to 3.7 million barrels of oil equivalent per day. Looking ahead, Pembina raised its full-year 2026 Adjusted EBITDA guidance to a range of CAD 4.45 billion to CAD 4.55 billion. Strategic growth remains a priority, with nearly CAD 3 billion in project sanctions since April 2026 and the Cedar LNG project currently at 80% completion.

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