Pembina Pipeline Corporation (PPL.TO) stock analysis

In our weekly check, Pembina Pipeline Corporation is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 16 pass, warnings: 5, red flags: 4.

About Pembina Pipeline Corporation

Pembina Pipeline Corporation is an Energy company (Oil & Gas Midstream) based in Canada, listed on TSX as PPL.TO.

What our checks show for PPL.TO

Red flags

• Revenue fell 12.1% a year over the last 3 years.
• The dividend takes 100% of profit: little cushion if profit falls.
• The stock has fallen as much as 69% from a peak. Would you have held through that?
• Recovering from its deepest fall took about 4.3 years.

Warning signs

• Net debt is 3.6x a year of EBITDA (debt/equity 0.81). That limits room in a downturn and raises refinancing risk.
• Analysts expect the net margin to shrink by 2.3 points from today's 22.6%.
• Earnings per share fell 17.9% a year over the last 3 years.
• Net profit fell 15.6% a year over the last 3 years.
• Return on capital (ROCE) is only 7.2%.

Strengths

• The net margin rose by 8.2 points over 5 years, to 22.6%.
• The gross margin is 37.4% and has risen by 8.5 points: pricing power is holding.
• Operating cash flow is 1.61x net profit: the profit arrives as real cash.
• The company keeps 22.6% of its revenue as net profit.
• Free cash flow is 26.1% of revenue: cash for dividends, buybacks or growth.
• A large company: market value $29.27 billion.

Next earnings report: 2026-11-05

Similar companies

VG · CQP · MPLX · OKE · LNG · TRGP

Questions

What grade does Pembina Pipeline Corporation (PPL.TO) have?

In our weekly check, Pembina Pipeline Corporation is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 16 pass, warnings: 5, red flags: 4. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of PPL.TO stock?

This week's biggest flags for Pembina Pipeline Corporation: Weak revenue growth, Dividend stretched, Deep past fall. In total 9 of 25 checks show a warning or a red flag.

What does Pembina Pipeline Corporation do?

Pembina Pipeline Corporation is an Energy company (Oil & Gas Midstream) based in Canada, listed on TSX as PPL.TO.

When does Pembina Pipeline Corporation report earnings next?

The next earnings report is expected on 2026-11-05. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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