PBA (Pembina Pipeline) Gross Profit: $2,323 Mil (TTM As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

PBA Pembina Pipeline Corp PBA
68 GF Score
Price $50.84
GF Value $39.40
Valuation Modestly Overvalued
! 9 Warning Signs
View Full Analysis

What is Pembina Pipeline Gross Profit?

Pembina Pipeline PBA +0.81% 68 Gross Profit is $2,323 Mil as of Mar. 2026. GuruFocus rates PBA with a GF Score™ of 68/100 and a GF Value™ of $39.40 (Modestly Overvalued). The stock has 9 warning signs investors should review.

Pembina Pipeline's gross profit for the three months ended in Mar. 2026 was $677 Mil. Pembina Pipeline's gross profit for the trailing twelve months (TTM) ended in Mar. 2026 was $2,323 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Pembina Pipeline's gross profit for the three months ended in Mar. 2026 was $677 Mil. Pembina Pipeline's Revenue for the three months ended in Mar. 2026 was $1,535 Mil. Therefore, Pembina Pipeline's Gross Margin % for the quarter that ended in Mar. 2026 was 44.11%.

Pembina Pipeline had a gross margin of 44.11% for the quarter that ended in Mar. 2026 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of Pembina Pipeline was 44.91%. The lowest was 23.49%. And the median was 32.70%.


Pembina Pipeline  (NYSE:PBA) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Pembina Pipeline had a gross margin of 44.11% for the quarter that ended in Mar. 2026 => Durable competitive advantage


Pembina Pipeline Gross Profit Related Terms


Pembina Pipeline Gross Profit Historical Data

* Premium members only.

The historical data trend for Pembina Pipeline's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Pembina Pipeline Gross Profit Chart

Pembina Pipeline Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Gross Profit
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,067.97 2,298.86 2,116.88 2,327.51 2,314.61

Pembina Pipeline Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Gross Profit Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 646.42 570.68 475.64 599.49 677.11

PBA vs WMB, EPD, KMI: Gross Profit Comparison

For the Oil & Gas Midstream subindustry, Pembina Pipeline's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Pembina Pipeline Gross Profit vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Pembina Pipeline's Gross Profit distribution charts can be found below:

* The bar in red indicates where Pembina Pipeline's Gross Profit falls into.


PBA
68GF Score
Pembina Pipeline Corp PBA
Gross Profit is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pembina Pipeline Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Pembina Pipeline's Gross Profit for the fiscal year that ended in Dec. 2025 is calculated as

Gross Profit (A: Dec. 2025 )=Revenue - Cost of Goods Sold
=5638.275 - 3323.668
=2,315

Pembina Pipeline's Gross Profit for the quarter that ended in Mar. 2026 is calculated as

Gross Profit (Q: Mar. 2026 )=Revenue - Cost of Goods Sold
=1534.985 - 857.871
=677

Gross Profit for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,323 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Pembina Pipeline's Gross Margin % for the quarter that ended in Mar. 2026 is calculated as

Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=(Revenue - Cost of Goods Sold) / Revenue
=677 / 1534.985
=44.11 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Frequently Asked Questions Learn more about Gross Profit →
What does a Gross Profit of $2,323 Mil mean?
Pembina Pipeline (PBA) has a Gross Profit of $2,323 Mil as of Mar. 2026. Gross Profit equals net sales less total cost of goods sold. View historical data on Pembina Pipeline and its competitors.
Is Pembina Pipeline's Gross Profit too high?
Pembina Pipeline's current Gross Profit is $2,323 Mil. Overall, Pembina Pipeline has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pembina Pipeline's Gross Profit compare to WMB and EPD?
Pembina Pipeline's Gross Profit of $2,323 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Profit for an Oil & Gas company?
A good Gross Profit depends on the Oil & Gas industry context. However, Gross Profit should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Profit mean?
A high Gross Profit can signal that a stock is expensive relative to its fundamentals. Gross Profit equals net sales less total cost of goods sold. View historical data on Pembina Pipeline and its competitors. Pembina Pipeline's current Gross Profit is $2,323 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pembina Pipeline stock overvalued right now?
Based on GuruFocus' analysis, Pembina Pipeline (PBA) is currently considered Modestly Overvalued. The stock's GF Value™ is $39.40, compared to a current price of $50.84 — trading 29% above its estimated fair value. The current Gross Profit is $2,323 Mil. Pembina Pipeline's overall GF Score™ is 68/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Profit calculated?
Gross Profit is calculated from a company's financial statements. For Pembina Pipeline (PBA), the current Gross Profit is $2,323 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Pembina Pipeline (PBA) Overvalued in 2026?

Based on GuruFocus' analysis, Pembina Pipeline stock appears to be overvalued. The current stock price of $50.84 is trading 29% above its estimated GF Value™ of $39.40. GuruFocus considers Pembina Pipeline to be Modestly Overvalued.

Key valuation signals for PBA:

  • Gross Profit: $2,323 Mil
  • GF Value™: $39.40 vs. price of $50.84 (29% above fair value)
  • GF Score™: 68/100 with 9 warning signs

No single metric tells the full story. See the PBA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Pembina Pipeline Business Description

Industry EnergyOil & Gas
Address 585 - 8th Avenue SW, Suite 4000, Calgary, AB, CAN, T2P 1G1
Pembina Pipeline is a midstream company serving the Canadian and North American (primarily Bakken) markets with an integrated product portfolio. Its operations include transmission pipelines, oil and gas gathering, fractionation, storage, and natural gas liquid exports. It also has a joint venture through the Cedar LNG export terminal.
68GF Score

Get the complete analysis for PBA

Gross Profit is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$50.84
Price
$39.40
GF Value