PBA Overview

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.

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.