Pembina Pipeline Announces 2026 Financial Guidance with Adjusted EBITDA of $4.125 Billion
- Financial Guidance Upgrade: Pembina expects adjusted EBITDA for 2026 to be between $4.125 billion and $4.425 billion, reflecting approximately a 4% increase over 2025, which enhances investor confidence in the company's robust growth in fee-based business.
- Capital Investment Plan: The 2026 capital investment program is projected at approximately $1.6 billion, ensuring the company remains self-funded over the next three years, further solidifying its market position in energy infrastructure.
- Cedar LNG Agreement Signed: Pembina has signed a 12-year agreement with Ovintiv for a processing capacity of 0.5 million tonnes per annum, marking a strategic expansion into the global LNG market and expected to provide a stable long-term revenue stream.
- Pipeline System Expansion: Pembina has approved a $200 million expansion of the Peace Pipeline System, which is expected to enhance propane delivery capacity in Alberta, addressing growing customer demand and strengthening the company's competitive edge.
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Pembina Aims for Expansion and LNG Initiatives to Drive Growth by 2026
Growth Strategy for 2026: Pembina Pipeline Corporation has outlined an ambitious growth strategy aiming for an adjusted EBITDA of C$4.1 billion to C$4.4 billion by 2026, driven by increased volumes across its diversified energy assets and significant capital investments, including C$1.6 billion for pipeline and facility expansions.
Strategic Agreements and Expansions: The company has secured a 12-year agreement with Ovintiv Inc. for liquefaction capacity at the Cedar LNG facility, expected to contribute C$220 million to C$280 million annually in adjusted EBITDA, while also expanding its Peace Pipeline System to meet rising energy product demand.
Leadership Transition: Pembina is undergoing a leadership transition with key executives retiring by the end of 2025, aiming to strengthen organizational capabilities and support its long-term strategic goals, including the development of the Greenlight Electricity Center for sustainable energy generation.
Market Position and Future Outlook: Despite challenges in its marketing segment due to fluctuating commodity prices, Pembina remains well-positioned in the North American energy infrastructure market, focusing on safe, reliable, and cost-effective solutions to meet future energy demands and drive innovation.
Pembina Pipeline Releases 2026 Forecast, Finalizes Cedar LNG Agreement, and Expands Peace Pipeline
2026 Financial Guidance: Pembina Pipeline Corp. forecasts adjusted EBITDA between C$4.125 billion and C$4.425 billion for 2026, indicating a four percent increase in fee-based adjusted EBITDA compared to 2025, with a capital investment program of approximately $1.6 billion.
New Commercial Agreement: The company signed a 12-year agreement with Ovintiv Inc. for 0.5 million tonnes per annum of capacity at the Cedar LNG facility, completing the remarketing of its total 1.5 mtpa allocation.
Peace Pipeline Expansion: Pembina approved a C$200 million expansion of the Peace Pipeline System to enhance propane-plus delivery capacity into the Namao, Alberta hub, with ongoing expansions in northeast British Columbia.
Greenlight Electricity Centre Project: Pembina and Kineticor are progressing on the Greenlight Electricity Centre project, with a final investment decision expected in the first half of 2026.
