Pembina Pipeline Corporation(NYSE:PBA) 
Pembina Pipeline Corporation provides transportation and midstream services for the energy industry. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transport...
Website: http://www.pembina.com
Founded: 1954
Full Time Employees: 2,791
Sector: Energy
Industry: Oil & Gas Midstream
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At a glance:
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Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-06-30 | 2019-03-31 | 2018-05-03 | 2017-09-30 | 2017-06-30 | 2017-05-04 | 2016-09-30 | 2016-08-04 | 2016-05-05 | 2015-11-05 | 2015-08-07 | 2015-05-08 | 2014-11-04 | 2014-08-08 | 2014-05-08 | 2014-02-26 | 2013-11-04 | 2013-11-01 | 2013-08-09 | 2013-05-09 | 2013-03-28 | 2013-03-01 | 2012-11-07 | 2012-11-02 | 2012-08-10 | 2012-08-09 | 2012-05-03 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenue | 1,791,000,000 | 1,792,000,000 | 2,282,000,000 | 1,844,000,000 | 1,855,000,000 | 1,540,000,000 | 6,659,000,000 | 4,367,000,000 | 1,569,000,000 | 1,837,000,000 | 1,041,000,000 | 1,166,000,000 | 1,485,000,000 | 970,000,000 | 1,027,000,000 | 1,017,000,000 | 1,026,000,000 | 1,213,000,000 | 1,154,000,000 | 1,445,000,000 | 1,606,000,000 | 1,759,000,000 | 1,300,200,000 | 1,300,200,000,000 | 1,175,000,000 | 1,285,700,000 | 1,265,700,000,000 | 815,347,000 | 815,300,000,000 | 870,900,000,000 | 475,300,000 | ||||||||||||||
yoy | -3.45% | 16.36% | -65.73% | -57.77% | 89.38% | 1.36% | 14.65% | 44.74% | -20.03% | -11.01% | -29.62% | -36.11% | -31.04% | 11.14% | -99.88% | 49.70% | 2.73% | 44.11% | -99.84% | 45.33% | 71.54% | ||||||||||||||||||||||||
qoq | -0.06% | -21.47% | 23.75% | -0.59% | 20.45% | -76.87% | 52.48% | 76.46% | -10.72% | -21.48% | 53.09% | -5.55% | 0.98% | -0.88% | -15.42% | 5.11% | -20.14% | -10.02% | -8.70% | -99.90% | 110555.32% | -8.61% | 155134.52% | -99.90% | 183131.64% | ||||||||||||||||||||
net revenue | 1,211,000,000 | 2,877,000,000 | 1,804,000,000 | 999,000,000 | 719,000,000 | 532,000,000 | 451,000,000 | 554,000,000 | 427,000,000 | 429,000,000 | 394,000,000 | ||||||||||||||||||||||||||||||||||
operating expenses | 259,000,000 | 6,000,000 | 22,000,000 | 7,000,000 | 25,000,000 | 11,000,000 | 59,000,000 | 39,000,000 | 112,000,000 | 101,000,000 | 107,000,000 | 109,000,000 | 93,000,000 | 94,000,000 | |||||||||||||||||||||||||||||||
gross profit | 658,000,000 | 780,000,000 | 928,000,000 | 747,000,000 | 815,000,000 | 730,000,000 | 1,990,000,000 | 1,331,000,000 | 563,000,000 | 455,000,000 | 630,000,000 | 568,000,000 | 270,000,000 | 276,000,000 | 381,000,000 | 246,000,000 | 248,000,000 | 237,000,000 | 201,000,000 | 200,000,000 | 228,000,000 | 216,000,000 | 214,000,000 | 302,000,000 | 177,200,000 | 177,200,000,000 | 176,800,000 | 203,800,000 | 172,100,000,000 | 102,923,000 | 102,900,000,000 | 161,181,000 | 161,200,000,000 | 106,200,000 | |||||||||||
yoy | -19.26% | 6.85% | -53.37% | -43.88% | 130.89% | 8.87% | 16.46% | 89.55% | 23.00% | 8.77% | 9.72% | -6.07% | -33.77% | 21.90% | -99.88% | 70.81% | 2.96% | 71.78% | -99.80% | 6.76% | -3.09% | ||||||||||||||||||||||||
qoq | -15.64% | -15.95% | 24.23% | -8.34% | 11.64% | -63.32% | 49.51% | 23.74% | -27.78% | 110.37% | -2.17% | -27.56% | 54.88% | -0.81% | 4.64% | 17.91% | 0.50% | -12.28% | 5.56% | 0.93% | -29.14% | -99.90% | 100126.24% | -13.25% | 167112.38% | -99.90% | 63741.27% | -99.90% | 151689.08% | ||||||||||||||||
gross margin % | 36.74% | 43.53% | 40.67% | 40.51% | 43.94% | 47.40% | 29.88% | 30.48% | NaN% | NaN% | NaN% | NaN% | 35.88% | Infinity% | Infinity% | NaN% | NaN% | NaN% | NaN% | NaN% | 30.92% | 25.94% | 23.67% | 25.66% | 25.36% | 24.15% | 23.30% | 19.59% | 16.49% | 19.76% | 14.95% | 13.33% | 17.17% | NaN% | 13.63% | 13.63% | 15.05% | 15.85% | NaN% | 13.60% | 12.62% | 12.62% | Infinity% | 18.51% | 22.34% |
adjusted ebitda | 1,034,000,000 | 54,000,000 | 26,000,000 | 58,000,000 | 117,000,000 | 71,000,000 | 171,000,000 | 835,000,000 | 60,000,000 | 81,000,000 | 57,000,000 | 65,000,000 | 85,000,000 | 688,000,000 | 365,000,000 | 303,000,000 | 363,000,000 | 287,000,000 | 291,000,000 | 269,000,000 | 200.8 | 199 | 153.8 | 125.9 | 111.6 | ||||||||||||||||||||
earnings | 286,000,000 | 417,000,000 | 502,000,000 | 385,000,000 | 479,000,000 | 438,000,000 | 1,078,000,000 | 732,000,000 | 320,000,000 | 52,000,000 | 410,000,000 | 418,000,000 | 17,000,000 | 330,000,000 | 107,000,000 | 124,000,000 | 215,000,000 | 120,000,000 | 113,000,000 | 102,000,000 | 351,000,000 | ||||||||||||||||||||||||
earnings per common share – basic and diluted | 430,000 | 510,000 | 590,000 | 490,000 | 250,000 | 230,000 | 200,000 | 210,000 | |||||||||||||||||||||||||||||||||||||
cash flow from operating activities | 810,000,000 | 79,000,000 | 49,000,000 | 197,000,000 | 146,000,000 | 20,000,000 | 199,000,000 | 456,000,000 | 101,000,000 | 217,000,000 | 198,000,000 | 58,000,000 | 110,000,000 | 498,000,000 | 302,000,000 | 362,000,000 | 326,000,000 | 247,000,000 | 273,000,000 | 271,000,000 | 87.3 | 139.5 | 130.9 | 24.1 | 65.3 | ||||||||||||||||||||
cash flow from operating activities per common share – basic | 1,390,000 | 3,190,000 | 2,020,000 | 830,000 | 990,000 | 820,000 | 700,000 | 720,000 | |||||||||||||||||||||||||||||||||||||
adjusted cash flow from operating activities | 648,000,000 | 71,000,000 | 77,000,000 | 66,000,000 | 212,000,000 | 145,000,000 | 118,000,000 | 582,000,000 | 34,000,000 | 8,000,000 | 48,000,000 | 530,000,000 | 314,000,000 | 275,000,000 | 308,000,000 | 250,000,000 | 235,000,000 | 209,000,000 | 188.7 | 172.3 | 133.2 | 89.5 | 98.8 | ||||||||||||||||||||||
adjusted cash flow from operating activities per common share – basic | 1,120,000 | 3,450,000 | 2,250,000 | 1,060,000 | 1,050,000 | 770,000 | 600,000 | 560,000 | |||||||||||||||||||||||||||||||||||||
capital expenditures | 178,000,000 | 429,000,000 | 260,000,000 | 324,000,000 | 341,000,000 | 475,000,000 | 709,000,000 | 537,000,000 | 380,000,000 | 375,000,000 | 244.8 | 254.7 | 143.4 | 136.6 | 54.9 | ||||||||||||||||||||||||||||||
pipelines | 2,750,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
facilities | 861,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
marketing & new ventures | 348,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
corporate | |||||||||||||||||||||||||||||||||||||||||||||
income tax (expense) recovery | |||||||||||||||||||||||||||||||||||||||||||||
total | |||||||||||||||||||||||||||||||||||||||||||||
cost of sales | 1,086,000,000 | 1,384,000,000 | 1,080,000,000 | 1,101,000,000 | 961,000,000 | 1,068,000,000 | 813,000,000 | 830,000,000 | 1,013,000,000 | 942,000,000 | 1,236,000,000 | 1,388,000,000 | 1,459,000,000 | 1,116,400,000 | 1,003,700,000 | 1,089,800,000 | 686,578,000 | 762,099,000 | |||||||||||||||||||||||||||
share of profit from equity accounted investees | 74,000,000 | 30,000,000 | -17,000,000 | 61,000,000 | 151,000,000 | 48,000,000 | 22,000,000 | 15,000,000 | 61,000,000 | 65,000,000 | 28,000,000 | 45,000,000 | 13,000,000 | 20,000,000 | |||||||||||||||||||||||||||||||
general and administrative | 97,000,000 | 134,000,000 | 120,000,000 | 112,000,000 | 108,000,000 | 15,000,000 | 29,000,000 | 37,000,000 | 49,000,000 | 56,000,000 | 35,000,000 | 37,000,000 | 29,800,000 | 26,200,000 | 32,600,000 | 26,870,000 | 25,782,000 | ||||||||||||||||||||||||||||
other income | 5,000,000 | 4,000,000 | -27,000,000 | -15,000,000 | 14,000,000 | 338,000,000 | 43,000,000 | 7,000,000 | 17,000,000 | -2,000,000 | -1,000,000 | 14,000,000 | 1,000,000 | 1,000,000 | |||||||||||||||||||||||||||||||
loss on acquisition | 616,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
results from operating activities | 684,000,000 | 789,000,000 | 623,000,000 | 114,000,000 | 637,000,000 | 155,000,000 | 165,000,000 | 180,000,000 | 146,000,000 | 178,000,000 | 264,000,000 | 147,400,000 | 150,000,000 | 171,800,000 | 74,544,000 | 134,861,000 | |||||||||||||||||||||||||||||
net finance costs | 151,000,000 | 150,000,000 | 149,000,000 | 141,000,000 | 108,000,000 | 29,000,000 | 83,000,000 | 72,000,000 | 124,000,000 | 130,000,000 | 18,000,000 | 20,000,000 | 59,000,000 | 51,000,000 | 33,000,000 | 30,000,000 | 34,000,000 | 41,000,000 | 40,000,000 | 10,000,000 | 26,000,000 | 13,000,000 | 30,000,000 | 50,000,000 | 61,000,000 | 36,000,000 | 36,000,000,000 | 24,400,000 | 50,800,000 | 35,700,000,000 | 33,111,000 | 33,100,000,000 | 26,705,000 | 26,700,000,000 | 23,200,000 | ||||||||||
earnings before income tax | 533,000,000 | 639,000,000 | 474,000,000 | -27,000,000 | 529,000,000 | 428,000,000 | 344,000,000 | 128,000,000 | 203,000,000 | ||||||||||||||||||||||||||||||||||||
current tax expense | 103,000,000 | 133,000,000 | 48,000,000 | 64,000,000 | 76,000,000 | 22,000,000 | 71,000,000 | 63,000,000 | 11,000,000 | 47,000,000 | -8,000,000 | 15,000,000 | 12,000,000 | 20,000,000 | 23,000,000 | 15,000,000 | 23,000,000 | 22,000,000 | 26,000,000 | 15,000,000 | 34,000,000 | 6,200,000 | 4,200,000 | ||||||||||||||||||||||
deferred tax expense | 13,000,000 | 4,000,000 | 41,000,000 | 15,000,000 | 24,000,000 | 210,000,000 | 25,000,000 | 14,000,000 | 58,000,000 | 24,000,000 | 8,000,000 | 50,000,000 | 93,000,000 | 56,000,000 | 41,000,000 | 67,000,000 | 53,000,000 | 25,000,000 | 15,000,000 | 15,000,000 | 70,000,000 | 23,000,000 | 36,000,000 | 22,000,000 | 33,800,000 | 23,100,000 | 26,000,000 | ||||||||||||||||||
income tax expense | 116,000,000 | 137,000,000 | 89,000,000 | 91,000,000 | 30,000,000 | 93,000,000 | 45,000,000 | 21,000,000 | 51,000,000 | 56,000,000 | 40,000,000 | 40,000,000,000 | 31,400,000 | 30,200,000 | 27,100,000,000 | 10,162,000 | 10,100,000,000 | 27,178,000 | 27,200,000,000 | ||||||||||||||||||||||||||
earnings attributable to: | |||||||||||||||||||||||||||||||||||||||||||||
shareholders | 417,000,000 | 383,000,000 | 471,000,000 | 30,555,000 | 80,368,000 | ||||||||||||||||||||||||||||||||||||||||
non-controlling interest | 2,000,000 | 8,000,000 | -100,000 | -100,000 | 200,000 | 144,000 | 40,000 | ||||||||||||||||||||||||||||||||||||||
other comprehensive income, net of tax | -299,000,000 | -84,000,000 | 40,000,000 | 88,000,000 | 9,000,000 | ||||||||||||||||||||||||||||||||||||||||
exchange gain on translation of foreign operations | -316,000,000 | 2,000,000 | -82,000,000 | 47,000,000 | 96,000,000 | ||||||||||||||||||||||||||||||||||||||||
impact of hedging activities | 17,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
total comprehensive income attributable to shareholders | 118,000,000 | 495,000,000 | 526,000,000 | 214,000,000 | 50,000,000 | 121,000,000 | 41,000,000 | 129,000,000 | |||||||||||||||||||||||||||||||||||||
comprehensive income attributable to: | |||||||||||||||||||||||||||||||||||||||||||||
earnings attributable to common shareholders, net of preferred share dividends | 380,000,000 | 464,000,000 | 346,000,000 | 436,000,000 | 404,000,000 | 279,000,000 | 214,000,000 | ||||||||||||||||||||||||||||||||||||||
earnings per common share – basic | 650,000 | 800,000 | 600,000 | 750,000 | 740,000 | 1,790,000 | 1,210,000 | 320,000 | |||||||||||||||||||||||||||||||||||||
earnings per common share – diluted | 650,000 | 800,000 | 600,000 | 750,000 | 730,000 | 1,780,000 | 1,210,000 | 320,000 | |||||||||||||||||||||||||||||||||||||
weighted-average number of common shares | |||||||||||||||||||||||||||||||||||||||||||||
basic | 581,000,000 | 581,000,000 | 580,000,000 | 580,000,000 | 549,000,000 | 345,000,000 | 342,000,000 | 339,000,000 | 327,000,000 | 323,000,000 | 319,000,000 | ||||||||||||||||||||||||||||||||||
diluted | 582,000,000 | 582,000,000 | 581,000,000 | 581,000,000 | 550,000,000 | 345,000,000 | 343,000,000 | 340,000,000 | 329,000,000 | 325,000,000 | 340,000,000 | ||||||||||||||||||||||||||||||||||
total comprehensive income | 301,000,000 | 519,000,000 | |||||||||||||||||||||||||||||||||||||||||||
deferred tax | -570,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
income tax (recovery) expense | -506,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
cost of goods sold | 530,000,000 | 863,000,000 | 533,000,000 | 1,100,000 | 867,000,000 | 946,000,000 | 388,000,000 | ||||||||||||||||||||||||||||||||||||||
total volumes | 26,000,000 | 157,000,000 | 181,000,000 | 13,000,000 | 156,000,000 | 113,000,000 | |||||||||||||||||||||||||||||||||||||||
depreciation and amortization included in operations | 21,000,000 | 34,000,000 | 10,000,000 | 49,000,000 | 89,000,000 | 89,000,000 | 79,000,000 | 79,000,000 | 72,000,000 | 66,000,000 | 62,000,000 | 46,500,000,000 | 47,800,000,000 | 51,600,000,000 | 52,500,000,000 | 21,700,000 | |||||||||||||||||||||||||||||
realized (gain) loss on commodity-related derivatives | 71,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
unrealized gain on commodity-related derivatives | 59,000,000 | 55,000,000 | 64,000,000 | 46,000,000 | 61,000,000 | ||||||||||||||||||||||||||||||||||||||||
▲ | |||||||||||||||||||||||||||||||||||||||||||||
realized loss on commodity-related derivatives | 24,000,000 | 16,000,000 | 41,000,000 | ||||||||||||||||||||||||||||||||||||||||||
general & administrative | 8,000,000 | 11,000,000 | 20,000,000 | ||||||||||||||||||||||||||||||||||||||||||
gain on pgi transaction | 1,100,000 | ||||||||||||||||||||||||||||||||||||||||||||
impairments | 23,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
unrealized (gain) loss on commodity-related derivatives | 30,000,000 | 38,000,000 | 154,000,000 | ||||||||||||||||||||||||||||||||||||||||||
earnings attributable to shareholders | 318,000,000 | 253,000,000 | 113,000,000 | 43,000,000 | |||||||||||||||||||||||||||||||||||||||||
earnings per common share - basic and diluted | 510,000 | 390,000 | 260,000 | 250,000 | |||||||||||||||||||||||||||||||||||||||||
infrastructure and other services revenue | 745,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
product sales revenue | 1,300,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
total revenue | 2,045,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
capital investments | 127,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
total volume | 3,482,000,000 | 15,000,000 | 73,000,000 | 105,000,000 | 137,000,000 | 3,266,000,000 | 2,134,000,000 | 1,963,000,000 | 2,010,000,000 | 1,903,000,000 | 1,793,000,000 | 1,804,000,000 | 1,516,000,000,000 | ||||||||||||||||||||||||||||||||
changes in results for the three months ended march 31 | |||||||||||||||||||||||||||||||||||||||||||||
realized gain on commodity-related derivatives | 33,000,000 | 10,000,000 | 37,000,000 | ||||||||||||||||||||||||||||||||||||||||||
general & administrative and other incomes | |||||||||||||||||||||||||||||||||||||||||||||
general & administrative and other | 10,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
general & administrative and other income | 37,000,000 | 12,000,000 | 13,000,000 | ||||||||||||||||||||||||||||||||||||||||||
deferred tax recovery | 278,000,000 | 326,000,000 | |||||||||||||||||||||||||||||||||||||||||||
unrealized loss on commodity-related derivatives | 75,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
current income tax expense | 54,000,000 | 22,000,000 | |||||||||||||||||||||||||||||||||||||||||||
operating expense | 150,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
realized loss on commodity-related derivative financial instruments | 18,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
share of profit of investments in equity accounted investees | 76,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
unrealized gain on commodity-related derivative financial instruments | -30,000,000 | 44,000,000 | -2,100,000,000 | -2,200,000,000 | -23,000,000,000 | 64,800,000,000 | |||||||||||||||||||||||||||||||||||||||
general and administrative expenses | 53,000,000 | 44,000,000 | 55,000,000 | 37,000,000 | 41,000,000 | 53,000,000 | 29,800,000,000 | 27,300,000,000 | 26,900,000,000 | 25,800,000,000 | 17,600,000 | ||||||||||||||||||||||||||||||||||
common share dividends declared | 272,000,000 | 205,000,000 | 205,000,000 | 191,000,000 | 188,000,000 | 187,000,000 | 172,000,000 | 129.1 | |||||||||||||||||||||||||||||||||||||
dividends per common share | 540,000 | 510,000 | 510,000 | 480,000 | 480,000 | 480,000 | 460,000 | 0.42 | 0.41 | 0.405 | 0.41 | 0.39 | |||||||||||||||||||||||||||||||||
preferred share dividends declared | 30,000,000 | 19,000,000 | 19,000,000 | 19,000,000 | 20,000,000 | 16,000,000 | 14,000,000 | ||||||||||||||||||||||||||||||||||||||
proportionately consolidated financial overview | |||||||||||||||||||||||||||||||||||||||||||||
operating margin | 757,000,000 | 403,000,000 | 355,000,000 | 407,000,000 | 317,000,000 | 327,000,000 | 315,000,000 | 225,800,000,000 | 222,100,000,000 | 177,500,000,000 | 148,900,000,000 | 127,900,000 | |||||||||||||||||||||||||||||||||
conventional pipelines revenue volumes | 780,000,000 | 692,000,000 | 691,000,000 | 643,000,000 | 648,000,000 | 670,000,000 | |||||||||||||||||||||||||||||||||||||||
oil sands & heavy oil contracted capacity | 1,060,000,000 | 975,000,000 | 975,000,000 | 975,000,000 | 880,000,000 | 880,000,000 | |||||||||||||||||||||||||||||||||||||||
gas services revenue volumes net to pembina | 171,000,000 | 172,000,000 | 171,000,000 | ||||||||||||||||||||||||||||||||||||||||||
midstream ngl sales volumes | 123,000,000 | 124,000,000 | 173,000,000 | 136,000,000 | 132,000,000 | 141,000,000 | |||||||||||||||||||||||||||||||||||||||
realized gain on commodity-related derivative financial instruments | 17,000,000 | 40,000,000 | 1,000,000 | 9,000,000 | -4,500,000,000 | 11,000,000,000 | -2,800,000,000 | -12,400,000,000 | |||||||||||||||||||||||||||||||||||||
other incomes | 15,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
earnings per common share - basic | 220,000 | ||||||||||||||||||||||||||||||||||||||||||||
earnings per common share - diluted | 220,000 | ||||||||||||||||||||||||||||||||||||||||||||
cash flow from operating activities per common share - basic | 750,000 | 900,000 | 630,000 | ||||||||||||||||||||||||||||||||||||||||||
adjusted cash flow from operating activities per common share - basic | 780,000 | 680,000 | 640,000 | ||||||||||||||||||||||||||||||||||||||||||
acquisition | 566,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
realized (gain) loss on commodity-related derivative financial instruments | -5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
general and administrative expenses (excluding depreciation) and other incomes | 57,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
unrealized (gain) loss on commodity-related derivative financial instruments | -53,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
gas services revenue volumes (mboe/d) net to pembina | 149,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
unrealized loss on commodity-related derivative financial instruments | 13,000,000 | 16,000,000 | |||||||||||||||||||||||||||||||||||||||||||
gas services average revenue volumes (mboe/d) net to pembina | 133,000,000 | 113,000,000 | |||||||||||||||||||||||||||||||||||||||||||
gain on commodity-related derivative financial instruments | -5,000,000 | 16,000,000 | 7,000,000 | -4,000,000 | 2,000,000 | -6,600,000 | 5,500,000 | 7,900,000 | -25,846,000 | 52,351,000 | |||||||||||||||||||||||||||||||||||
earnings before income tax and equity accounted investees | 145,000,000 | 139,000,000 | 167,000,000 | 116,000,000 | 111,400,000 | 125,600,000 | 121,000,000 | 41,433,000 | 108,156,000 | ||||||||||||||||||||||||||||||||||||
share of loss of investment in equity accounted investees, net of tax | 2,000,000 | 3,000,000 | 2,000,000 | 20,000,000 | |||||||||||||||||||||||||||||||||||||||||
other comprehensive income | |||||||||||||||||||||||||||||||||||||||||||||
exchange differences on translation of foreign operations that will not be reclassified into earnings, net of tax | 8,000,000 | -2,000,000 | 9,000,000 | ||||||||||||||||||||||||||||||||||||||||||
earnings per common share | 290,000 | 90,000 | |||||||||||||||||||||||||||||||||||||||||||
earnings and comprehensive income attributable to shareholders | 120,000,000 | 75,000,000 | 77,000,000 | ||||||||||||||||||||||||||||||||||||||||||
deferred tax (recovery) expense | -5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
earnings and total comprehensive income for the period attributable to shareholders | 147,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
earnings per common share | 290,000 | 90,000 | |||||||||||||||||||||||||||||||||||||||||||
basic | 440,000 | ||||||||||||||||||||||||||||||||||||||||||||
diluted | 410,000 | ||||||||||||||||||||||||||||||||||||||||||||
dividends on preferred shares | |||||||||||||||||||||||||||||||||||||||||||||
earnings contributable to common shareholders | 344,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
weighted-average number of common shares | |||||||||||||||||||||||||||||||||||||||||||||
effect of shares issued | 8,781,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
effect of share options exercised | 350,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
effect of conversion of convertible debentures | 83,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
effect of shares issued under dividend reinvestment plan | 4,771,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
dilutive effect of share options on issue | 870,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
basic and diluted earnings per common share | 1,120,000 | ||||||||||||||||||||||||||||||||||||||||||||
december 31 | |||||||||||||||||||||||||||||||||||||||||||||
registered plan | |||||||||||||||||||||||||||||||||||||||||||||
present value of unfunded obligations | |||||||||||||||||||||||||||||||||||||||||||||
present value of funded obligations | |||||||||||||||||||||||||||||||||||||||||||||
total present value of obligations | |||||||||||||||||||||||||||||||||||||||||||||
fair value of plan assets | |||||||||||||||||||||||||||||||||||||||||||||
recognized asset (liability) for defined benefit obligations | |||||||||||||||||||||||||||||||||||||||||||||
registered defined benefit pension plan assets comprise | |||||||||||||||||||||||||||||||||||||||||||||
equity securities | |||||||||||||||||||||||||||||||||||||||||||||
debt | |||||||||||||||||||||||||||||||||||||||||||||
other | |||||||||||||||||||||||||||||||||||||||||||||
movement in the present value of the defined benefit pension obligation | |||||||||||||||||||||||||||||||||||||||||||||
year ended december 31 | |||||||||||||||||||||||||||||||||||||||||||||
defined benefits obligations at january 1 | |||||||||||||||||||||||||||||||||||||||||||||
benefits paid by the plan | |||||||||||||||||||||||||||||||||||||||||||||
current service costs | |||||||||||||||||||||||||||||||||||||||||||||
interest expense | |||||||||||||||||||||||||||||||||||||||||||||
actuarial losses in other comprehensive income | |||||||||||||||||||||||||||||||||||||||||||||
defined benefit obligations at december 31 | |||||||||||||||||||||||||||||||||||||||||||||
movement in the present value of registered defined benefit pension plan assets | |||||||||||||||||||||||||||||||||||||||||||||
fair value of plan assets at january 1 | |||||||||||||||||||||||||||||||||||||||||||||
contributions paid into the plan | |||||||||||||||||||||||||||||||||||||||||||||
return on plan assets | |||||||||||||||||||||||||||||||||||||||||||||
interest income | |||||||||||||||||||||||||||||||||||||||||||||
fair value of registered plan assets at december 31 | |||||||||||||||||||||||||||||||||||||||||||||
expense recognition in earnings | |||||||||||||||||||||||||||||||||||||||||||||
interest on obligation | |||||||||||||||||||||||||||||||||||||||||||||
expected return on plan assets | |||||||||||||||||||||||||||||||||||||||||||||
the expense is recognized in the following line items in the statement of comprehensive income: | |||||||||||||||||||||||||||||||||||||||||||||
general and administrative expense | |||||||||||||||||||||||||||||||||||||||||||||
acquisition-related and other incomes | 500,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
finance income | -3,500,000 | -7,400,000 | -1,600,000 | -6,862,000 | -11,175,000 | ||||||||||||||||||||||||||||||||||||||||
finance costs | 39,500,000 | 31,800,000 | 52,400,000 | 39,973,000 | 37,880,000 | ||||||||||||||||||||||||||||||||||||||||
share of (profit) loss of investments in equity accounted investees, net of tax | -400,000 | ||||||||||||||||||||||||||||||||||||||||||||
earnings and total comprehensive income for the period | 71,800,000 | 93,800,000 | 90,500,000 | 30,699,000 | 80,408,000 | ||||||||||||||||||||||||||||||||||||||||
earnings and total comprehensive income attributable to: | |||||||||||||||||||||||||||||||||||||||||||||
shareholders of the company | 71,900,000 | 93,900,000 | 90,300,000 | ||||||||||||||||||||||||||||||||||||||||||
basic and diluted earnings per share attributable to shareholders of the company | 0.22 | 0.3 | |||||||||||||||||||||||||||||||||||||||||||
conventional pipelines throughput | 489,100,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
oil sands & heavy oil contracted capacity, end of period | 880,000,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
gas services average processed volume (mboe/d) net to pembina | 48,000,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
ngl sales volume | 98,900,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
operations | 86,600,000,000 | 86,000,000,000 | 69,500,000,000 | 67,700,000,000 | 48,500,000 | ||||||||||||||||||||||||||||||||||||||||
cost of goods sold, including product purchases | 983,300,000,000 | 968,600,000,000 | 565,500,000,000 | 641,900,000,000 | |||||||||||||||||||||||||||||||||||||||||
deduct/ | |||||||||||||||||||||||||||||||||||||||||||||
share of (profit) loss of investments in equity accounted investee, net of tax | -400,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
earnings for the period | 71,800,000,000 | 81,300,000,000 | 30,700,000,000 | 80,400,000,000 | 32,600,000 | ||||||||||||||||||||||||||||||||||||||||
earnings per share - basic and diluted | 0.22 | 0.28 | 0.11 | 0.28 | 0.19 | ||||||||||||||||||||||||||||||||||||||||
cash flow from operating activities per share | 0.28 | 0.48 | 0.45 | 0.08 | |||||||||||||||||||||||||||||||||||||||||
adjusted cash flow from operating activities per share | 0.61 | 0.59 | 0.46 | 0.31 | |||||||||||||||||||||||||||||||||||||||||
total enterprise value | 13.3 | 11 | 10.6 | 9.9 | 6,492.9 | ||||||||||||||||||||||||||||||||||||||||
total assets | 8.8 | 8.3 | 8.2 | 8.1 | 3,351.9 | ||||||||||||||||||||||||||||||||||||||||
acquisition-related and other income | 600,000 | -600,000 | 500,000,000 | 1,509,000 | 1,500,000,000 | 538,000 | |||||||||||||||||||||||||||||||||||||||
share of loss of investments in equity accounted investees, net of tax | 400,000 | ||||||||||||||||||||||||||||||||||||||||||||
current tax benefit | 8,300,000 | ||||||||||||||||||||||||||||||||||||||||||||
share of loss (profit) of investments in equity accounted investees, net of tax | 300,000 | 572,000 | 570,000 | ||||||||||||||||||||||||||||||||||||||||||
earnings per share attributable to shareholders of the company: | |||||||||||||||||||||||||||||||||||||||||||||
basic and diluted earnings per share | 0.3 | 0.11 | 0.28 | ||||||||||||||||||||||||||||||||||||||||||
average throughput - conventional pipelines | 480,200,000,000 | 443,900,000,000 | |||||||||||||||||||||||||||||||||||||||||||
contracted capacity - oil sands & heavy oil | 870,000,000,000 | 870,000,000,000 | |||||||||||||||||||||||||||||||||||||||||||
average processing volume - gas services (mboe/d) net to pembina | 46,000,000,000 | 45,800,000,000 | |||||||||||||||||||||||||||||||||||||||||||
ngl sales volume - ngl midstream | 115,800,000,000 | 86,700,000,000 | |||||||||||||||||||||||||||||||||||||||||||
share of loss (profit) of investments in equity accounted investee, net of tax | 200,000,000 | 600,000,000 | 600,000,000 | ||||||||||||||||||||||||||||||||||||||||||
adjusted earnings | 115.8 | 65.4 | 37.4 | ||||||||||||||||||||||||||||||||||||||||||
adjusted earnings per share | 0.4 | 0.23 | 0.13 | ||||||||||||||||||||||||||||||||||||||||||
dividends declared | 118.4 | 117.3 | 116.2 | 65.7 | |||||||||||||||||||||||||||||||||||||||||
earnings and comprehensive income attributable to: | |||||||||||||||||||||||||||||||||||||||||||||
earnings per share attributable to the shareholders of the company | |||||||||||||||||||||||||||||||||||||||||||||
revenues | 870,929,000 | ||||||||||||||||||||||||||||||||||||||||||||
average throughput - conventional | 433,900,000,000 | 466.9 | |||||||||||||||||||||||||||||||||||||||||||
contracted capacity - oil sands | 870,000,000,000 | 870 | |||||||||||||||||||||||||||||||||||||||||||
average processing volume - gas services | 47,500,000,000 | 41.7 | |||||||||||||||||||||||||||||||||||||||||||
total ngl sales volume | 90,400,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
product purchases | 298,900,000 | ||||||||||||||||||||||||||||||||||||||||||||
acquisition-related and other | 22,100,000 | ||||||||||||||||||||||||||||||||||||||||||||
share of profit of investments in equity accounted investee, net of tax | -200,000 | ||||||||||||||||||||||||||||||||||||||||||||
deferred income tax expense | 10,900,000 | ||||||||||||||||||||||||||||||||||||||||||||
aggregate volumes | 1,378.6 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-09-30 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-09-30 | 2019-06-30 | 2019-03-31 | 2018-09-30 | 2018-08-02 | 2016-12-31 | 2016-08-04 | 2015-11-05 | 2015-09-30 | 2015-06-30 | 2015-05-08 | 2015-03-31 | 2014-11-04 | 2014-09-30 | 2014-08-08 | 2014-06-30 | 2014-05-08 | 2014-03-31 | 2014-02-26 | 2013-11-04 | 2013-11-01 | 2013-09-30 | 2013-08-09 | 2013-06-30 | 2013-03-31 | 2013-03-01 | 2012-09-30 | 2012-08-10 | 2012-08-09 | 2012-06-30 | 2012-05-03 | 2012-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets current assets | |||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 149,000,000 | 104,000,000,000 | 256,000,000,000 | 1,704,000,000,000 | 86,000,000 | 57,000,000 | 93,000,000 | 294,000,000 | 71,000,000 | 28,000,000 | 112,000,000 | 57,000,000 | 45,000,000,000 | 31,000,000,000 | 328,000,000 | 172,000,000 | 129,000,000 | 81,000,000 | 20,000,000 | 44,000,000 | 44,000,000 | 204,000,000 | 42,000,000 | 42,000,000 | 329,000,000 | 329,000,000 | 287,000,000 | 287,000,000 | 153,000,000 | 153,000,000 | 51,000,000 | 15,500,000 | 15,500,000 | 15,500,000 | 9,800,000 | 9,800,000 | 46,400,000 | 27,336,000 | 25,391,000 | 2,981,000 | 2,981,000 | 2,981,000 | 2,247,000 | 2,247,000 | |
trade receivables and other | 868,000,000 | 1,026,000,000,000 | 1,030,000,000,000 | 1,022,000,000,000 | 843,000,000 | 715,000,000 | 724,000,000 | 892,000,000 | 990,000,000 | 1,022,000,000 | 826,000,000 | 751,000,000 | 773,000,000,000 | 637,000,000,000 | 534,000,000 | 578,000,000 | 590,000,000 | 512,000,000 | 392,000,000 | 482,000,000 | 482,000,000 | 453,000,000 | 443,000,000 | 443,000,000 | 421,000,000 | 421,000,000 | 422,000,000 | 422,000,000 | 432,000,000 | 432,000,000 | 434,000,000 | 395,500,000 | 395,500,000 | 395,500,000 | 375,600,000 | 375,600,000 | 368,400,000 | 331,692,000 | 294,168,000 | 289,204,000 | 289,204,000 | 289,204,000 | |||
income tax receivable | |||||||||||||||||||||||||||||||||||||||||||||
inventory | 304,000,000 | 322,000,000,000 | 313,000,000,000 | 291,000,000,000 | 329,000,000 | 154,000,000 | 160,000,000 | 276,000,000 | 285,000,000 | 227,000,000 | 310,000,000 | 276,000,000 | 184,000,000,000 | 217,000,000,000 | 96,000,000 | 150,000,000 | 279,000,000 | 247,000,000 | 113,000,000 | 105,000,000 | 105,000,000 | 90,000,000 | 107,000,000 | 107,000,000 | 202,000,000 | 202,000,000 | 193,000,000 | 193,000,000 | 135,000,000 | 135,000,000 | 159,000,000 | 143,900,000 | 143,900,000 | 143,900,000 | 107,200,000 | 107,200,000 | 95,200,000 | 108,096,000 | 140,719,000 | 102,227,000 | 102,227,000 | 102,227,000 | 2,451,000 | 2,451,000 | |
derivative financial instruments | 15,000,000 | 35,000,000,000 | 24,000,000,000 | 31,000,000,000 | 34,000,000 | 90,000,000 | 56,000,000 | 99,000,000 | 55,000,000 | 46,000,000 | 30,000,000 | 25,000,000 | 20,000,000,000 | 31,000,000,000 | 20,000,000 | 11,000,000 | 5,000,000 | 4,000,000 | 15,000,000 | 11,000,000 | 11,000,000 | 20,000,000 | 38,000,000 | 38,000,000 | 5,000,000 | 5,000,000 | 7,000,000 | 7,000,000 | 9,000,000 | 9,000,000 | 4,000,000 | 5,200,000 | 5,200,000 | 5,200,000 | 4,900,000 | 4,900,000 | 1,500,000 | 7,528,000 | 21,885,000 | 37,770,000 | 37,770,000 | 37,770,000 | 3,328,000 | 3,328,000 | |
non-current assets | |||||||||||||||||||||||||||||||||||||||||||||
property, plant and equipment | 22,599,000,000 | 22,339,000,000,000 | 22,299,000,000,000 | 15,871,000,000,000 | 15,516,000,000 | 15,517,000,000 | 15,520,000,000 | 15,521,000,000 | 15,530,000,000 | 18,097,000,000 | 18,535,000,000 | 18,427,000,000 | 18,534,000,000,000 | 19,486,000,000,000 | 15,421,000,000 | 15,067,000,000 | 14,388,000,000 | 14,188,000,000 | 10,513,000,000 | 8,835,000,000 | 8,835,000,000 | 8,388,000,000 | 8,098,000,000 | 8,098,000,000 | 6,591,000,000 | 6,591,000,000 | 6,278,000,000 | 6,278,000,000 | 6,041,000,000 | 6,041,000,000 | 5,750,000,000 | 5,482,800,000 | 5,482,800,000 | 5,482,800,000 | 5,277,000,000 | 5,277,000,000 | 5,109,800,000 | 5,014,542,000 | 4,914,846,000 | 4,827,773,000 | 4,827,773,000 | 4,827,773,000 | 2,774,742,000 | 2,774,742,000 | |
intangible assets and goodwill | 6,402,000,000 | 6,461,000,000,000 | 6,498,000,000,000 | 6,061,000,000,000 | 6,097,000,000 | 6,087,000,000 | 6,115,000,000 | 6,064,000,000 | 6,025,000,000 | 6,214,000,000 | 6,284,000,000 | 6,278,000,000 | 6,307,000,000,000 | 6,415,000,000,000 | 4,383,000,000 | 4,395,000,000 | 4,427,000,000 | 4,428,000,000 | 2,849,000,000 | 2,835,000,000 | 2,835,000,000 | 2,832,000,000 | 2,839,000,000 | 2,839,000,000 | 2,519,000,000 | 2,519,000,000 | 2,532,000,000 | 2,532,000,000 | 2,551,000,000 | 2,551,000,000 | 2,564,000,000 | 2,577,000,000 | 2,577,000,000 | 2,577,000,000 | 2,590,200,000 | 2,590,200,000 | 2,606,500,000 | 2,622,677,000 | 2,644,145,000 | 2,657,479,000 | 2,657,479,000 | 2,657,479,000 | |||
investments in equity accounted investees | 4,194,000,000 | 4,263,000,000,000 | 4,290,000,000,000 | 7,069,000,000,000 | 6,996,000,000 | 7,162,000,000 | 7,301,000,000 | 7,498,000,000 | 4,538,000,000 | 4,553,000,000 | 4,379,000,000 | 4,346,000,000 | 4,323,000,000,000 | 6,114,000,000,000 | 6,222,000,000 | 6,307,000,000 | 6,210,000,000 | 6,330,000,000 | 141,000,000 | 148,000,000 | 148,000,000 | 150,000,000 | 152,000,000 | 152,000,000 | 136,000,000 | 136,000,000 | 162,000,000 | 162,000,000 | 165,000,000 | 165,000,000 | 165,000,000 | 164,900,000 | 164,900,000 | 164,900,000 | 164,700,000 | 164,700,000 | 163,600,000 | 161,205,000 | 158,580,000 | 158,116,000 | 158,116,000 | 158,116,000 | 159,827,000 | 159,827,000 | |
right-of-use assets | 554,000,000 | 545,000,000,000 | 532,000,000,000 | 527,000,000,000 | 498,000,000 | 524,000,000 | 528,000,000 | 507,000,000 | 521,000,000 | 542,000,000 | 630,000,000 | 652,000,000 | 634,000,000,000 | 703,000,000,000 | 409,000,000 | 412,000,000 | |||||||||||||||||||||||||||||
finance lease receivables | 241,000,000 | 225,000,000,000 | 226,000,000,000 | 228,000,000,000 | 234,000,000 | 197,000,000 | 201,000,000 | ||||||||||||||||||||||||||||||||||||||
other assets | 119,000,000 | 92,000,000,000 | 149,000,000,000 | 138,000,000,000 | 85,000,000 | 50,000,000 | 54,000,000 | 49,000,000 | 11,000,000 | 11,000,000 | 2,000,000 | 71,000,000 | 11,000,000 | 11,000,000 | 10,000,000 | ||||||||||||||||||||||||||||||
total assets | 35,445,000,000 | 35,412,000,000,000 | 35,617,000,000,000 | 33,224,000,000,000 | 30,967,000,000 | 30,814,000,000 | 31,038,000,000 | 31,800,000,000 | 31,684,000,000 | 31,376,000,000 | 31,739,000,000 | 31,396,000,000 | 31,324,000,000,000 | 33,995,000,000,000 | 27,570,000,000 | 27,217,000,000 | 26,135,000,000 | 25,888,000,000 | 14,145,000,000 | 12,497,000,000 | 12,497,000,000 | 12,167,000,000 | 11,738,000,000 | 11,738,000,000 | 10,215,000,000 | 10,215,000,000 | 9,892,000,000 | 9,892,000,000 | 9,498,000,000 | 9,498,000,000 | 9,142,000,000 | 8,802,500,000 | 8,802,500,000 | 8,802,500,000 | 8,544,900,000 | 8,544,900,000 | 8,391,600,000 | 8,276,499,000 | 8,203,827,000 | 8,081,853,000 | 8,081,853,000 | 8,081,853,000 | 3,351,933,000 | 3,351,933,000 | |
liabilities and equity current liabilities | |||||||||||||||||||||||||||||||||||||||||||||
trade payables and other | 1,253,000,000 | 1,187,000,000,000 | 1,067,000,000,000 | 917,000,000,000 | 1,064,000,000 | 807,000,000 | 811,000,000 | 1,022,000,000 | 1,045,000,000 | 1,059,000,000 | 1,008,000,000 | 820,000,000 | 762,000,000,000 | 699,000,000,000 | 865,000,000 | 826,000,000 | |||||||||||||||||||||||||||||
loans and borrowings | 1,093,000,000 | 946,000,000,000 | 1,101,000,000,000 | 550,000,000,000 | 650,000,000 | 650,000,000 | 1,250,000,000 | 1,050,000,000 | 1,475,000,000 | 950,000,000 | 900,000,000 | 399,000,000 | 400,000,000,000 | 250,000,000,000 | 340,000,000 | 471,000,000 | 364,000,000 | 363,000,000 | 6,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 | 262,000,000 | 262,000,000 | 262,000,000 | 261,800,000 | 261,800,000 | 261,800,000 | 261,400,000 | 261,400,000 | 12,100,000 | 11,652,000 | 11,319,000 | 9,963,000 | 9,963,000 | 9,963,000 | 58,070,000 | 58,070,000 | |
lease liabilities | 85,000,000 | 87,000,000,000 | 85,000,000,000 | 81,000,000,000 | 74,000,000 | 75,000,000 | 77,000,000 | 77,000,000 | 79,000,000 | 84,000,000 | 90,000,000 | 92,000,000 | 97,000,000,000 | 97,000,000,000 | 65,000,000 | 64,000,000 | |||||||||||||||||||||||||||||
contract liabilities | 47,000,000 | 63,000,000,000 | 58,000,000,000 | 46,000,000,000 | 58,000,000 | 82,000,000 | 57,000,000 | 70,000,000 | 94,000,000 | 81,000,000 | 78,000,000 | 80,000,000 | 69,000,000,000 | 92,000,000,000 | 43,000,000 | 41,000,000 | 31,000,000 | 53,000,000 | |||||||||||||||||||||||||||
non-current liabilities | |||||||||||||||||||||||||||||||||||||||||||||
subordinated hybrid notes | 795,000,000 | 596,000,000,000 | 596,000,000,000 | 596,000,000,000 | 595,000,000 | 595,000,000 | 595,000,000 | 595,000,000 | 595,000,000 | 595,000,000 | 594,000,000 | 594,000,000 | 594,000,000,000 | ||||||||||||||||||||||||||||||||
decommissioning provision | 521,000,000 | 411,000,000,000 | 362,000,000,000 | 311,000,000,000 | 257,000,000 | 303,000,000 | 261,000,000 | 235,000,000 | 233,000,000 | 277,000,000 | 388,000,000 | 383,000,000 | 361,000,000,000 | 1,073,000,000,000 | 689,000,000 | 665,000,000 | 504,000,000 | 497,000,000 | 526,000,000 | 433,000,000 | 433,000,000 | 411,000,000 | 473,000,000 | 473,000,000 | |||||||||||||||||||||
deferred tax liabilities | 2,897,000,000 | 2,758,000,000,000 | 2,717,000,000,000 | 2,620,000,000,000 | 2,492,000,000 | 2,502,000,000 | 2,500,000,000 | 2,366,000,000 | 2,578,000,000 | 3,034,000,000 | 3,021,000,000 | 2,979,000,000 | 2,964,000,000,000 | 3,056,000,000,000 | 2,586,000,000 | 2,829,000,000 | 2,638,000,000 | 2,530,000,000 | 209,000,000 | 1,006,000,000 | 920,000,000 | 920,000,000 | 898,000,000 | 829,000,000 | 829,000,000 | 736,000,000 | 736,000,000 | 748,000,000 | 748,000,000 | 717,000,000 | 717,000,000 | 699,000,000 | 675,200,000 | 675,200,000 | 675,200,000 | 640,900,000 | 640,900,000 | 606,800,000 | 584,489,000 | 568,656,000 | 559,401,000 | 559,401,000 | 559,401,000 | 117,840,000 | 117,840,000 |
other liabilities | 167,000,000 | 161,000,000,000 | 147,000,000,000 | 64,000,000,000 | 52,000,000 | 110,000,000 | 101,000,000 | 164,000,000 | 158,000,000 | 174,000,000 | 230,000,000 | 227,000,000 | 163,000,000,000 | 152,000,000,000 | 183,000,000 | 171,000,000 | 151,000,000 | 153,000,000 | |||||||||||||||||||||||||||
total liabilities | 18,444,000,000 | 17,304,000,000,000 | 15,335,000,000 | 15,220,000,000 | 15,282,000,000 | 15,457,000,000 | 16,895,000,000 | 16,870,000,000 | 17,097,000,000 | 17,089,000,000 | 16,591,000,000,000 | 17,226,000,000,000 | 12,861,000,000 | 12,796,000,000 | 12,070,000,000 | 11,847,000,000 | 5,925,000,000 | 5,731,000,000 | 5,731,000,000 | 5,566,000,000 | 5,334,000,000 | 5,334,000,000 | 4,172,000,000 | 4,172,000,000 | 4,167,000,000 | 4,167,000,000 | 3,875,000,000 | 3,875,000,000 | 3,971,000,000 | 3,848,200,000 | 3,848,200,000 | 3,848,200,000 | 3,857,500,000 | 3,857,500,000 | 3,747,500,000 | 4,001,067,000 | 3,951,308,000 | 3,811,300,000 | 3,811,300,000 | 3,811,300,000 | 2,393,971,000 | 2,393,971,000 | |||
total equity | 17,001,000,000 | 17,023,000,000,000 | 17,380,000,000,000 | 15,920,000,000,000 | 15,632,000,000 | 15,594,000,000 | 15,756,000,000 | 16,343,000,000 | 14,789,000,000 | 14,506,000,000 | 14,642,000,000 | 14,307,000,000 | 14,733,000,000,000 | 16,769,000,000,000 | 14,709,000,000 | 14,421,000,000 | 14,065,000,000 | 14,041,000,000 | 8,220,000,000 | 6,766,000,000 | 6,766,000,000 | 6,601,000,000 | 6,404,000,000 | 6,404,000,000 | 6,043,000,000 | 6,043,000,000 | 5,725,000,000 | 5,725,000,000 | 5,623,000,000 | 5,623,000,000 | 5,171,000,000 | 4,954,300,000 | 4,954,300,000 | 4,954,300,000 | 4,687,400,000 | 4,687,400,000 | 4,644,100,000 | 4,275,432,000 | |||||||
total liabilities and equity | 35,445,000,000 | 35,412,000,000,000 | 35,617,000,000,000 | 33,224,000,000,000 | 30,967,000,000 | 30,814,000,000 | 31,038,000,000 | 31,800,000,000 | 31,684,000,000 | 31,376,000,000 | 31,739,000,000 | 31,396,000,000 | 31,324,000,000,000 | 33,995,000,000,000 | 27,570,000,000 | 27,217,000,000 | 26,135,000,000 | 25,888,000,000 | 14,145,000,000 | 12,497,000,000 | 12,497,000,000 | 12,167,000,000 | 11,738,000,000 | 11,738,000,000 | 10,215,000,000 | 10,215,000,000 | 9,892,000,000 | 9,892,000,000 | 9,498,000,000 | 9,498,000,000 | 9,142,000,000 | ||||||||||||||
subscription receipts | |||||||||||||||||||||||||||||||||||||||||||||
deferred tax assets | 275,000,000,000 | 219,000,000 | 225,000,000 | 248,000,000 | 233,000,000 | 239,000,000 | 246,000,000 | 305,000,000 | 303,000,000 | 313,000,000,000 | 31,000,000 | 26,000,000 | 26,000,000 | 20,000,000 | 19,000,000 | 19,000,000 | 12,000,000 | 12,000,000 | 11,000,000 | 11,000,000 | 12,000,000 | 12,000,000 | 15,000,000 | 17,000,000 | 17,000,000 | 17,000,000 | 14,800,000 | 14,800,000 | |||||||||||||||||
equity | |||||||||||||||||||||||||||||||||||||||||||||
attributable to shareholders | 17,023,000,000,000 | 17,234,000,000,000 | 15,920,000,000,000 | 15,572,000,000 | 15,534,000,000 | 15,696,000,000 | 16,283,000,000 | 14,729,000,000 | 14,446,000,000 | 14,582,000,000 | 14,247,000,000 | 14,673,000,000,000 | 16,709,000,000,000 | 14,649,000,000 | 14,361,000,000 | ||||||||||||||||||||||||||||||
attributable to non-controlling interest | 146,000,000,000 | 60,000,000 | 60,000,000 | 60,000,000 | 60,000,000 | 60,000,000 | 60,000,000 | 60,000,000 | 60,000,000 | 60,000,000,000 | 60,000,000,000 | 60,000,000 | 60,000,000 | ||||||||||||||||||||||||||||||||
income tax payable | 10,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
assets held for sale | 86,000,000 | 3,112,000,000 | 780,000,000 | ||||||||||||||||||||||||||||||||||||||||||
finance lease receivable | 218,000,000 | 222,000,000 | 220,000,000 | 213,000,000 | 215,000,000 | 136,000,000,000 | 140,000,000,000 | ||||||||||||||||||||||||||||||||||||||
dividends payable | 120,000,000 | 117,000,000 | 116,000,000 | 116,000,000 | 116,000,000 | 115,000,000,000 | 115,000,000,000 | 109,000,000 | 104,000,000 | 103,000,000 | 96,000,000 | 26,000,000 | 62,000,000 | 53,000,000 | 53,000,000 | 52,000,000 | 49,000,000 | 49,000,000 | 48,000,000 | 48,000,000 | 47,000,000 | 47,000,000 | 45,000,000 | 45,000,000 | 44,000,000 | 43,700,000 | 43,700,000 | 43,700,000 | 41,800,000 | 41,800,000 | 41,400,000 | 39,586,000 | 39,218,000 | 38,850,000 | 38,850,000 | 38,850,000 | 21,974,000 | 21,974,000 | |||||||
derivative financial instruments and other assets | 96,000,000 | 181,000,000 | |||||||||||||||||||||||||||||||||||||||||||
liabilities related to assets held for sale | 624,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
subsequent events | |||||||||||||||||||||||||||||||||||||||||||||
see accompanying notes to the condensed consolidated interim financial statements | |||||||||||||||||||||||||||||||||||||||||||||
advances to related parties and other assets | 115,000,000 | 66,000,000 | 55,000,000,000 | 221,000,000,000 | 157,000,000 | 125,000,000 | |||||||||||||||||||||||||||||||||||||||
taxes payable | 51,000,000 | 14,000,000,000 | 39,000,000 | 22,000,000 | 2,000,000 | 30,000,000 | 30,000,000 | 26,000,000 | 26,000,000 | 38,000,000 | |||||||||||||||||||||||||||||||||||
pembina has recast certain comparative information to reflect changes to the purchase price allocation originally presented december 31, 2019. see note 3. | |||||||||||||||||||||||||||||||||||||||||||||
liabilities and equitycurrent liabilities | |||||||||||||||||||||||||||||||||||||||||||||
assetscurrent assets | |||||||||||||||||||||||||||||||||||||||||||||
advances to related parties | 96,000,000 | 87,000,000 | |||||||||||||||||||||||||||||||||||||||||||
trade payables and accrued liabilities | 762,000,000 | 719,000,000 | 502,000,000 | 550,000,000 | 550,000,000 | 502,000,000 | 529,000,000 | 529,000,000 | 468,000,000 | 468,000,000 | 442,000,000 | 442,000,000 | 460,000,000 | 460,000,000 | 461,000,000 | 433,600,000 | 433,600,000 | 433,600,000 | 408,000,000 | 408,000,000 | 407,900,000 | 344,740,000 | 308,182,000 | 251,640,000 | 251,640,000 | 251,640,000 | 116,174,000 | 116,174,000 | |||||||||||||||||
convertible debentures | 54,000,000 | 90,000,000 | 143,000,000 | 144,000,000 | 144,000,000 | 386,000,000 | 386,000,000 | 386,000,000 | 410,000,000 | 410,000,000 | 462,000,000 | 462,000,000 | 521,000,000 | 521,000,000 | 604,000,000 | 612,100,000 | 612,100,000 | 612,100,000 | 611,300,000 | 611,300,000 | 611,100,000 | 609,968,000 | 608,668,000 | 607,458,000 | 607,458,000 | 607,458,000 | 289,657,000 | 289,657,000 | |||||||||||||||||
employee benefits, share-based payments and other | 62,000,000 | 56,000,000 | 37,000,000 | 34,000,000 | 34,000,000 | 35,000,000 | 31,000,000 | 31,000,000 | 30,000,000 | 30,000,000 | 19,000,000 | 19,000,000 | 23,000,000 | 23,000,000 | 25,000,000 | ||||||||||||||||||||||||||||||
common share capital | 13,570,000,000 | 13,496,000,000 | 8,563,000,000 | 7,290,000,000 | 7,290,000,000 | 7,074,000,000 | 6,974,000,000 | 6,974,000,000 | 6,497,000,000 | 6,497,000,000 | 6,344,000,000 | 6,344,000,000 | 6,172,000,000 | 6,172,000,000 | 5,972,000,000 | 5,877,500,000 | 5,877,500,000 | 5,877,500,000 | |||||||||||||||||||||||||||
preferred share capital | 2,423,000,000 | 2,424,000,000 | 1,510,000,000 | 1,100,000,000 | 1,100,000,000 | 1,100,000,000 | 879,000,000 | 879,000,000 | 882,000,000 | 882,000,000 | 636,000,000 | 636,000,000 | 636,000,000 | 636,000,000 | 391,000,000 | 244,400,000 | 244,400,000 | 244,400,000 | |||||||||||||||||||||||||||
deficit | -1,844,000,000 | -1,619,000,000 | -1,619,000,000 | -1,560,000,000 | -1,438,000,000 | -1,438,000,000 | -1,328,000,000 | -1,328,000,000 | -1,252,000,000 | -1,252,000,000 | -1,182,000,000 | -1,182,000,000 | -1,189,000,000 | -1,146,700,000 | -1,146,700,000 | -1,146,700,000 | -1,089,500,000 | -1,089,500,000 | -1,058,400,000 | -1,027,678,000 | -990,658,000 | -903,922,000 | -903,922,000 | -903,922,000 | -868,077,000 | -868,077,000 | |||||||||||||||||||
accumulated other comprehensive income | 118,000,000 | 183,000,000 | -9,000,000 | -5,000,000 | -5,000,000 | -13,000,000 | -11,000,000 | -11,000,000 | -8,000,000 | -8,000,000 | -8,000,000 | -8,000,000 | -8,000,000 | -8,000,000 | -26,100,000 | -26,100,000 | -26,100,000 | -26,100,000 | -26,100,000 | -26,100,000 | -26,123,000 | -15,196,000 | -15,196,000 | -15,196,000 | -15,196,000 | -15,196,000 | -15,196,000 | ||||||||||||||||||
non-controlling interest | 60,000,000 | 60,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,200,000 | 5,200,000 | 5,200,000 | 5,300,000 | 5,300,000 | 5,400,000 | 5,175,000 | 5,251,000 | 5,107,000 | 5,107,000 | 5,107,000 | |||||||||||||||||||||||||||
assets | |||||||||||||||||||||||||||||||||||||||||||||
current assets | |||||||||||||||||||||||||||||||||||||||||||||
cash and short-term investments | 108,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
distributions receivable | 50,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
accounts receivable and other | 27,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
investments in jointly-controlled businesses | 1,431,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
investments held at cost | 1,818,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
pipeline, plant and other capital assets | 307,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
intangible assets | 46,000,000 | 248,730,000 | 248,730,000 | ||||||||||||||||||||||||||||||||||||||||||
due from jointly-controlled businesses | 3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
liabilities | |||||||||||||||||||||||||||||||||||||||||||||
current liabilities | |||||||||||||||||||||||||||||||||||||||||||||
accounts payable and other | 73,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
deferred revenue | 3,000,000 | 84,000,000 | 51,000,000 | 51,000,000 | 47,000,000 | 45,000,000 | 45,000,000 | 30,000,000 | 30,000,000 | 31,000,000 | 31,000,000 | 4,400,000 | 4,400,000 | 4,400,000 | 4,300,000 | 4,300,000 | 4,100,000 | 3,099,000 | 2,943,000 | 2,411,000 | 2,411,000 | 2,411,000 | 2,367,000 | 2,367,000 | |||||||||||||||||||||
current portion of long-term senior debt | 304,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
liabilities associated with assets held for sale | 177,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
long-term senior debt | 903,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
other long-term liabilities | 45,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
shareholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||
share capital | 5,797,700,000 | 5,797,700,000 | 5,723,200,000 | 5,324,058,000 | 5,253,122,000 | 5,184,564,000 | 5,184,564,000 | 5,184,564,000 | 1,841,235,000 | 1,841,235,000 | |||||||||||||||||||||||||||||||||||
preferred shares | 536,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
common shares | 3,482,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
additional paid-in capital | 28,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
cumulative other comprehensive income | 281,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
accumulated deficit | -1,495,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
liabilities and equity | |||||||||||||||||||||||||||||||||||||||||||||
equity attributable to shareholders of the company | |||||||||||||||||||||||||||||||||||||||||||||
tax payable | 5,000,000 | 5,000,000 | 43,000,000 | 43,000,000 | |||||||||||||||||||||||||||||||||||||||||
provisions | 338,000,000 | 338,000,000 | 314,000,000 | 314,000,000 | 338,000,000 | 338,000,000 | 309,000,000 | 293,300,000 | 293,300,000 | 293,300,000 | 307,600,000 | 307,600,000 | 343,900,000 | 361,206,000 | 483,412,000 | 501,192,000 | 501,192,000 | 501,192,000 | 409,377,000 | 409,377,000 | |||||||||||||||||||||||||
liabilities and shareholders' equity | |||||||||||||||||||||||||||||||||||||||||||||
liabilities and shareholders' equity current liabilities | |||||||||||||||||||||||||||||||||||||||||||||
see accompanying notes to the consolidated financial statements | |||||||||||||||||||||||||||||||||||||||||||||
other receivables | 3,080,000 | 3,983,000 | 5,579,000 | 5,579,000 | 5,579,000 | 8,073,000 | 8,073,000 | ||||||||||||||||||||||||||||||||||||||
employee benefits | 28,000,000 | 28,000,000 | 28,000,000 | 28,200,000 | 28,200,000 | 28,400,000 | 28,623,000 | 14,701,000 | 15,281,000 | 15,281,000 | 15,281,000 | 15,882,000 | 15,882,000 | ||||||||||||||||||||||||||||||||
share-based payments | 13,000,000 | 13,000,000 | 13,000,000 | 9,700,000 | 9,700,000 | 7,100,000 | 17,239,000 | 14,321,000 | 10,837,000 | 10,837,000 | 10,837,000 | 5,633,000 | 5,633,000 | ||||||||||||||||||||||||||||||||
shareholders' equity | |||||||||||||||||||||||||||||||||||||||||||||
equity attributable to shareholders of the company: | |||||||||||||||||||||||||||||||||||||||||||||
total liabilities and shareholders' equity | 8,802,500,000 | 8,802,500,000 | 8,802,500,000 | 8,544,900,000 | 8,544,900,000 | 8,391,600,000 | 8,276,499,000 | 8,203,827,000 | 8,081,853,000 | 8,081,853,000 | 8,081,853,000 | 3,351,933,000 | 3,351,933,000 | ||||||||||||||||||||||||||||||||
bank indebtedness | |||||||||||||||||||||||||||||||||||||||||||||
equity attributable to shareholders: | |||||||||||||||||||||||||||||||||||||||||||||
trade and other receivables | 150,770,000 | 150,770,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-09-30 | 2018-08-02 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-09-30 | 2016-08-04 | 2016-06-30 | 2016-03-31 | 2015-11-05 | 2015-09-30 | 2015-06-30 | 2015-05-08 | 2015-03-31 | 2014-11-04 | 2014-09-30 | 2014-08-08 | 2014-06-30 | 2014-05-08 | 2014-03-31 | 2013-12-31 | 2013-11-04 | 2013-11-01 | 2013-09-30 | 2013-08-09 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-08-10 | 2012-08-09 | 2012-06-30 | 2012-05-03 | 2012-03-31 |
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cash from | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings | 286,000,000 | 417,000,000 | 502,000,000 | 385,000,000 | 479,000,000 | 438,000,000 | 346,000,000 | 363,000,000 | 369,000,000 | 1,829,000,000 | 418,000,000 | 481,000,000 | 588,000,000 | 254,000,000 | 320,000,000 | 318,000,000 | 253,000,000 | 314,000,000 | 370,000,000 | 664,000,000 | 313,000,000 | 334,000,000 | 246,000,000 | 246,000,000 | 330,000,000 | 445,000,000 | 107,000,000 | 124,000,000 | 215,000,000 | 120,000,000 | 113,000,000 | 113,000,000 | 102,000,000 | 113,000,000 | 120,000,000 | 75,000,000 | 77,000,000 | |||||||||||||||||||||
adjustments for items not involving cash: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
share of profit from equity accounted investees | 66,000,000 | -74,000,000 | -30,000,000 | -61,000,000 | -151,000,000 | -123,000,000 | -74,000,000 | -86,000,000 | -75,000,000 | -52,000,000 | 96,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 241,000,000 | 257,000,000 | 233,000,000 | 231,000,000 | 240,000,000 | 156,000,000 | 146,000,000 | 198,000,000 | 177,000,000 | 180,000,000 | 188,000,000 | 121,000,000 | 125,000,000 | 109,000,000 | 103,000,000 | 71,000,000 | 69,000,000 | 57,000,000 | 54,000,000 | 53,000,000 | 54,000,000 | 48,600,000 | 48,600,000 | 34,800,000 | 54,165,000 | 54,165,000 | 22,512,000 | 22,512,000 | ||||||||||||||||||||||||||||||
loss on acquisition | 616,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized loss from derivative instruments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net finance costs | 153,000,000 | 151,000,000 | 150,000,000 | 149,000,000 | 141,000,000 | 108,000,000 | 140,000,000 | 124,000,000 | 109,000,000 | 144,000,000 | 95,000,000 | 78,000,000 | 79,000,000 | 68,000,000 | 96,000,000 | 59,000,000 | 41,000,000 | 10,000,000 | 10,000,000 | 26,000,000 | 13,000,000 | 13,000,000 | 30,000,000 | 30,000,000 | 50,000,000 | 50,000,000 | 61,000,000 | 61,000,000 | 36,000,000 | 36,000,000 | 24,400,000 | 24,400,000 | 50,800,000 | 26,705,000 | 26,705,000 | 23,252,000 | 23,252,000 | |||||||||||||||||||||
share-based compensation expense | 39,000,000 | 29,000,000 | 41,000,000 | 20,000,000 | 20,000,000 | 5,000,000 | 25,000,000 | 47,000,000 | 20,000,000 | 29,000,000 | 14,000,000 | 26,000,000 | 14,000,000 | 26,000,000 | 12,000,000 | 13,000,000 | 24,000,000 | 11,000,000 | 10,000,000 | |||||||||||||||||||||||||||||||||||||||
income tax expense | 112,000,000 | 116,000,000 | 137,000,000 | 89,000,000 | 91,000,000 | 97,000,000 | 152,000,000 | 193,000,000 | 74,000,000 | 119,000,000 | 113,000,000 | 89,000,000 | 45,000,000 | 30,000,000 | 30,000,000 | 93,000,000 | 45,000,000 | 45,000,000 | 21,000,000 | 21,000,000 | 51,000,000 | 56,000,000 | 31,400,000 | 30,200,000 | ||||||||||||||||||||||||||||||||||
gain on asset disposal | -19,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
derecognition of insurance contract provision | -34,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash items paid or received: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions from equity accounted investees | 128,000,000 | 136,000,000 | 132,000,000 | 133,000,000 | 123,000,000 | 239,000,000 | 138,000,000 | 145,000,000 | 155,000,000 | 106,000,000 | 112,000,000 | 140,000,000 | 170,000,000 | 170,000,000 | 168,000,000 | |||||||||||||||||||||||||||||||||||||||||||
net interest paid | -172,000,000 | -115,000,000 | -177,000,000 | -171,000,000 | -99,000,000 | -112,000,000 | -122,000,000 | -100,000,000 | -119,000,000 | -136,000,000 | -88,000,000 | -26,000,000 | -21,000,000 | -14,000,000 | -14,000,000 | -28,000,000 | -11,000,000 | -16,400,000 | -16,400,000 | -41,000,000 | -40,004,000 | -40,004,000 | ||||||||||||||||||||||||||||||||||||
share-based compensation payment | -86,000,000 | -86,000,000 | -45,000,000 | -27,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
taxes paid | -30,000,000 | -65,000,000 | -62,000,000 | -62,000,000 | -91,000,000 | -199,000,000 | -68,000,000 | -86,000,000 | -152,000,000 | -69,000,000 | -69,000,000 | -28,000,000 | -13,000,000 | -45,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
change in non-cash operating working capital | 23,000,000 | 18,000,000 | 16,000,000 | 136,000,000 | 82,000,000 | -188,000,000 | 157,000,000 | -103,000,000 | -39,000,000 | 7,000,000 | 2,000,000 | 40,000,000 | 31,000,000 | -5,000,000 | -18,000,000 | -32,000,000 | -13,000,000 | -57,000,000 | -7,000,000 | |||||||||||||||||||||||||||||||||||||||
net change in contract liabilities | 8,000,000 | 5,000,000 | 27,000,000 | -19,000,000 | 34,000,000 | 6,000,000 | 14,000,000 | 3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
other | -17,000,000 | 7,000,000 | -16,000,000 | 11,000,000 | 3,000,000 | 2,000,000 | 5,000,000 | 27,000,000 | 16,000,000 | 100,000 | 100,000 | 200,000 | -3,000 | 314,000 | 314,000 | |||||||||||||||||||||||||||||||||||||||||||
cash flow from operating activities | 810,000,000 | 790,000,000 | 840,000,000 | 922,000,000 | 954,000,000 | 436,000,000 | 644,000,000 | 653,000,000 | 458,000,000 | 767,000,000 | 604,000,000 | 655,000,000 | 913,000,000 | 584,000,000 | 456,000,000 | 434,000,000 | 642,000,000 | 410,000,000 | 535,000,000 | 661,000,000 | 608,000,000 | 481,000,000 | 603,000,000 | 603,000,000 | 498,000,000 | 523,000,000 | 302,000,000 | 362,000,000 | 326,000,000 | 247,000,000 | 273,000,000 | 273,000,000 | 271,000,000 | 187,000,000 | 120,000,000 | 188,000,000 | 155,000,000 | 261,000,000 | 194,000,000 | 87,300,000 | 87,300,000 | 87,300,000 | 140,200,000 | 139,500,000 | 130,900,000 | 24,073,000 | 24,073,000 | 24,100,000 | 65,334,000 | 65,334,000 | ||||||||
financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in bank borrowings | 84,000,000 | 385,000,000 | 77,000,000 | -447,000,000 | 105,000,000 | -278,000,000 | 289,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt, net of issue costs | 197,000,000 | 946,000,000 | 1,789,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from subscription receipts | 1,228,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of long-term debt | -110,000,000 | -550,000,000 | -150,000,000 | -650,000,000 | -425,000,000 | -75,000,000 | -50,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of lease liability | -21,000,000 | -20,000,000 | -21,000,000 | -19,000,000 | -20,000,000 | -18,000,000 | -20,000,000 | -22,000,000 | -23,000,000 | -23,000,000 | -17,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
issuance of common shares on exercise of options | 3,000,000 | 3,000,000 | 10,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of preferred shares | -200,000,000 | -26,000,000 | -250,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
common share dividends paid | -413,000,000 | -412,000,000 | -401,000,000 | -401,000,000 | -400,000,000 | -367,000,000 | -349,000,000 | -349,000,000 | -347,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
preferred share dividends paid | -32,000,000 | -35,000,000 | -35,000,000 | -34,000,000 | -33,000,000 | -31,000,000 | -31,000,000 | -32,000,000 | -31,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
distributions to non-controlling interest | -10,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of non-controlling interest | -220,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flow (used in) from financing activities | -583,000,000 | -386,000,000 | -645,000,000 | -751,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
investing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital expenditures | -178,000,000 | -197,000,000 | -174,000,000 | -262,000,000 | -265,000,000 | -186,000,000 | 169,000,000 | 123,000,000 | 137,000,000 | -131,000,000 | -152,000,000 | -179,000,000 | -209,000,000 | -146,000,000 | 174,000,000 | 211,000,000 | 483,000,000 | 421,000,000 | 255,000,000 | 324,000,000 | 314,000,000 | 341,000,000 | 475,000,000 | 709,000,000 | 537,000,000 | -380,000,000 | 380,000,000 | 375,000,000 | -478,000,000 | -498,000,000 | -344,000,000 | -298,000,000 | -287,000,000 | -244,800,000 | -244,800,000 | -222,700,000 | ||||||||||||||||||||||
contributions to equity accounted investees | -108,000,000 | -126,000,000 | -49,000,000 | -124,000,000 | -144,000,000 | -103,000,000 | -17,000,000 | -19,000,000 | -18,000,000 | -1,000,000 | -19,000,000 | -2,000,000 | -3,000,000 | -2,000,000 | -2,400,000 | -2,400,000 | -3,300,000 | |||||||||||||||||||||||||||||||||||||||||
acquisition net of cash acquired | -2,621,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of assets | 2,000,000 | 2,000,000 | 2,000,000 | 11,000,000 | 20,000,000 | 3,000,000 | 1,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
interest paid during construction | -10,000,000 | -20,000,000 | -14,000,000 | -13,000,000 | -13,000,000 | -13,000,000 | -4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
return of capital from equity accounted investees | 63,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in non-cash investing working capital and other | -14,000,000 | 45,000,000 | 59,000,000 | -45,000,000 | 1,000,000 | -76,000,000 | -47,000,000 | 47,000,000 | -46,000,000 | 50,000,000 | 27,000,000 | 40,000,000 | 7,000,000 | 12,000,000 | 28,000,000 | 28,000,000 | 7,000,000 | -1,000,000 | 47,800,000 | 47,800,000 | -300,000 | |||||||||||||||||||||||||||||||||||||
cash flow used in investing activities | -294,000,000 | -341,000,000 | -182,000,000 | -321,000,000 | -2,913,000,000 | -376,000,000 | 389,000,000 | -184,000,000 | -204,000,000 | -186,000,000 | -219,000,000 | -984,000,000 | -477,000,000 | -478,000,000 | -331,000,000 | -307,000,000 | -293,000,000 | -199,400,000 | -199,400,000 | -226,300,000 | -122,995,000 | -122,995,000 | -87,234,000 | -87,234,000 | ||||||||||||||||||||||||||||||||||
change in cash and cash equivalents | -67,000,000 | 63,000,000 | 13,000,000 | -150,000,000 | -1,466,000,000 | 1,564,000,000 | 68,000,000 | 186,000,000 | -15,000,000 | 52,000,000 | 7,000,000 | 150,000,000 | 18,000,000 | 36,000,000 | -226,000,000 | -160,000,000 | ||||||||||||||||||||||||||||||||||||||||||
effect of movement in exchange rates on cash held | 6,000,000 | 1,000,000 | 4,000,000 | 3,000,000 | 8,000,000 | 4,000,000 | 3,000,000 | 5,000,000 | 6,000,000 | 12,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of period | 210,000,000 | 155,000,000 | 141,000,000 | 256,000,000 | 1,718,000,000 | 151,000,000 | 218,000,000 | 28,000,000 | 43,000,000 | 57,000,000 | 45,000,000 | 172,000,000 | 157,000,000 | 81,000,000 | 359,000,000 | 246,000,000 | 204,000,000 | |||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, end of period | 149,000,000 | 210,000,000 | 155,000,000 | 104,000,000 | 256,000,000 | 1,718,000,000 | 294,000,000 | 71,000,000 | 28,000,000 | 112,000,000 | 57,000,000 | 328,000,000 | 172,000,000 | 129,000,000 | 81,000,000 | 20,000,000 | 44,000,000 | 42,000,000 | 329,000,000 | 15,500,000 | 15,500,000 | 9,800,000 | 2,981,000 | 2,981,000 | 2,247,000 | 2,247,000 | ||||||||||||||||||||||||||||||||
cash provided by | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized (gain) income from derivative instruments | -31,000,000 | -18,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loan receivable from equity investment partner | 89,000,000 | -89,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term restricted cash included in other assets | 14,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short-term cash and cash equivalents, end of period | 155,000,000 | 104,000,000 | 256,000,000 | 1,704,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
share of loss (profit) from equity accounted investees | 17,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchase of common shares | -155,000,000 | -66,000,000 | -28,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gain from derivative instruments | 45,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax (recovery) expense | -506,000,000 | -88,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain) loss on asset disposal | -13,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flow used in financing activities | 493,000,000 | 1,504,000,000 | -1,088,000,000 | -234,000,000 | -466,000,000 | -675,000,000 | -358,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized income from derivative instruments | 102,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receipt of finance lease payments | 4,000,000 | 6,000,000 | 3,000,000 | 3,000,000 | 2,000,000 | 3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
revenue | 2,292,000,000 | 2,070,000,000 | 2,297,000,000 | 1,268,000,000 | 1,671,000,000 | 1,700,000,000 | 1,945,000,000 | 1,837,000,000 | 1,716,000,000 | 1,041,000,000 | 1,166,000,000 | 1,485,000,000 | 970,000,000 | 1,027,000,000 | 1,017,000,000 | 1,026,000,000 | 1,213,000,000 | 1,154,000,000 | 1,445,000,000 | 1,606,000,000 | 1,759,000,000 | 1,301,000,000 | 1,300,200,000 | 1,175,000,000 | 1,285,700,000 | 1,265,700,000 | 815,300,000 | 870,900,000 | ||||||||||||||||||||||||||||||
net revenue | 1,073,000,000 | 858,000,000 | 946,000,000 | 999,000,000 | 849,000,000 | 776,000,000 | 865,000,000 | 751,000,000 | 669,000,000 | 719,000,000 | 709,000,000 | 532,000,000 | 451,000,000 | 554,000,000 | 427,000,000 | 429,000,000 | 394,000,000 | |||||||||||||||||||||||||||||||||||||||||
gross profit | 659,000,000 | 659,000,000 | 672,000,000 | 630,000,000 | 563,000,000 | 455,000,000 | 728,000,000 | 613,000,000 | 511,000,000 | 568,000,000 | 555,000,000 | 270,000,000 | 276,000,000 | 381,000,000 | 246,000,000 | 248,000,000 | 237,000,000 | 201,000,000 | 200,000,000 | 228,000,000 | 216,000,000 | 214,000,000 | 302,000,000 | 235,000,000 | 177,200,000 | 176,800,000 | 203,800,000 | 172,100,000 | 102,900,000 | 161,200,000 | ||||||||||||||||||||||||||||
adjusted ebitda | 1,021,000,000 | 823,000,000 | 947,000,000 | 835,000,000 | 796,000,000 | 789,000,000 | 830,000,000 | 736,000,000 | 700,000,000 | 688,000,000 | 674,000,000 | 365,000,000 | 303,000,000 | 363,000,000 | 287,000,000 | 291,000,000 | 269,000,000 | 235,000,000 | 200,800,000 | 199,000,000 | 153,800,000 | 125,900,000 | ||||||||||||||||||||||||||||||||||||
earnings per common share – basic | 580,000 | 600,000 | 510,000 | 390,000 | 500,000 | 660,000 | 430,000 | 830,000 | 320,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
earnings per common share – diluted | 570,000 | 600,000 | 510,000 | 390,000 | 500,000 | 660,000 | 830,000 | 320,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
cash flow from operating activities per common share – basic | 1,170,000 | 1,190,000 | 830,000 | 830,000 | 790,000 | 1,170,000 | 750,000 | 1,050,000 | 1,200,000 | 990,000 | 1,040,000 | 820,000 | 700,000 | 720,000 | ||||||||||||||||||||||||||||||||||||||||||||
adjusted cash flow from operating activities | 659,000,000 | 606,000,000 | 634,000,000 | 582,000,000 | 524,000,000 | 586,000,000 | 576,000,000 | 530,000,000 | 558,000,000 | 530,000,000 | 499,000,000 | 314,000,000 | 275,000,000 | 308,000,000 | 250,000,000 | 235,000,000 | 209,000,000 | 180,000,000 | 188,700,000 | 172,300,000 | 133,200,000 | 89,500,000 | ||||||||||||||||||||||||||||||||||||
adjusted cash flow from operating activities per common share – basic | 1,200,000 | 1,100,000 | 1,150,000 | 1,060,000 | 950,000 | 1,070,000 | 1,050,000 | 1,040,000 | 1,110,000 | 1,050,000 | 990,000 | 770,000 | 600,000 | 560,000 | ||||||||||||||||||||||||||||||||||||||||||||
total volumes | 3,398,000,000 | 3,187,000,000 | 3,188,000,000 | 3,385,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in results for the three months ended september 30 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of goods sold | 530,000,000 | 863,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating expenses | 6,000,000 | 22,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in results for the three months ended june 30 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per common share – basic and diluted | 610,000 | 510,000 | 590,000 | 490,000 | 250,000 | 230,000 | 200,000 | 210,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
changes in results for the three months ended march 31 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization included in operations | 89,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
realized (gain) loss on commodity-related derivatives | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gain on commodity-related derivatives | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
general and administrative | 29,000,000 | 37,000,000 | 49,000,000 | 56,000,000 | 35,000,000 | 37,000,000 | 26,200,000 | 32,600,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
other income | 17,000,000 | -2,000,000 | -1,000,000 | 14,000,000 | 1,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
current tax expense | 15,000,000 | 23,000,000 | 22,000,000 | 26,000,000 | 15,000,000 | 15,000,000 | 34,000,000 | 34,000,000 | 8,300,000 | 4,200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
deferred tax expense | 93,000,000 | 15,000,000 | 70,000,000 | 23,000,000 | 36,000,000 | 36,000,000 | 22,000,000 | 22,000,000 | 23,100,000 | 26,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
adjustments for: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment expense | 23,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on pembina gas infrastructure transaction | -1,110,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gain on commodity-related derivative financial instruments | -102,000,000 | -30,000,000 | -4,000,000 | -1,400,000 | -64,820,000 | -64,820,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in bank borrowings | -115,000,000 | -84,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
exercise of stock options | 7,000,000 | 205,000,000 | 97,000,000 | 3,000,000 | 2,000,000 | 29,000,000 | 86,000,000 | 16,000,000 | 29,000,000 | 4,000,000 | 3,000,000 | 2,000,000 | 11,000,000 | 3,000,000 | 4,000,000 | 5,100,000 | 5,100,000 | 2,500,000 | 1,611,000 | 1,611,000 | 1,036,000 | 1,036,000 | ||||||||||||||||||||||||||||||||||||
cedar acquisition | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from disposition | 609,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advances to related parties | 1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized loss on commodity-related derivative financial instruments | -65,000,000 | -25,000,000 | -47,000,000 | 45,000,000 | 46,000,000 | 13,000,000 | 3,000,000 | 2,000,000 | -3,000,000 | 4,000,000 | 2,100,000 | 2,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||
acquisitions | -37,000,000 | 6,400,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
recovery of assets or proceeds from sale of assets | 25,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash transferred to assets held for sale | -147,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
see accompanying notes to the condensed consolidated interim financial statements | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends paid | -377,000,000 | -382,000,000 | -81,000,000 | -76,000,000 | -72,000,000 | -69,000,000 | -65,000,000 | -62,000,000 | -53,800,000 | -53,800,000 | -54,200,000 | -99,338,000 | -99,338,000 | -65,562,000 | -65,562,000 | |||||||||||||||||||||||||||||||||||||||||||
recovery of assets or proceeds from sale | 12,000,000 | 6,000,000 | 5,000,000 | 4,000,000 | 24,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
infrastructure and other services revenue | 745,000,000 | 744,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
product sales revenue | 1,300,000,000 | 825,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total revenue | 2,045,000,000 | 1,569,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital investments | 127,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total volume | 3,482,000,000 | 3,451,000,000 | 3,427,000,000 | 3,508,000,000 | 3,436,000,000 | 3,266,000,000 | 2,917,000,000 | 2,134,000,000 | 1,963,000,000 | 2,010,000,000 | 1,903,000,000 | 1,793,000,000 | 1,804,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
realized gain on commodity-related derivatives | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
general & administrative and other incomes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
general & administrative and other | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
general & administrative and other income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized (gain) loss on commodity-related derivatives | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
bank borrowings and issuance of debt | 94,000,000 | 121,000,000 | 38,000,000 | 321,000,000 | 280,000,000 | 600,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of loans and borrowings | -2,000,000 | -1,000,000 | -461,000,000 | -3,000,000 | -247,000,000 | -50,000,000 | -115,900,000 | -115,900,000 | -176,600,000 | -57,315,000 | -57,315,000 | |||||||||||||||||||||||||||||||||||||||||||||||
issuance of medium term notes | 800,000,000 | 600,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issue costs and financing fees | -7,000,000 | -1,000,000 | -2,000,000 | -4,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on asset disposal | 1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contributions to investments in equity accounted investees | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments for | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net payments collected and deferred (recognized) through contract liabilities | 1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common share dividends declared | 282,000,000 | 272,000,000 | 272,000,000 | 205,000,000 | 205,000,000 | 191,000,000 | 188,000,000 | 187,000,000 | 172,000,000 | 132,000,000 | 129,100,000 | |||||||||||||||||||||||||||||||||||||||||||||||
preferred share dividends declared | 31,000,000 | 30,000,000 | 26,000,000 | 19,000,000 | 19,000,000 | 19,000,000 | 20,000,000 | 16,000,000 | 14,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
dividends per common share | 560,000 | 540,000 | 540,000 | 510,000 | 510,000 | 480,000 | 480,000 | 480,000 | 460,000 | 420,000 | 420,000 | 410,000 | 405,000 | 410,000 | ||||||||||||||||||||||||||||||||||||||||||||
proportionately consolidated financial overview | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating margin | 787,000,000 | 757,000,000 | 749,000,000 | 403,000,000 | 355,000,000 | 407,000,000 | 317,000,000 | 327,000,000 | 315,000,000 | 275,000,000 | 225,800,000 | 222,100,000 | 177,500,000 | 148,900,000 | ||||||||||||||||||||||||||||||||||||||||||||
operating expense | 150,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
realized loss on commodity-related derivative financial instruments | 18,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
share of profit of investments in equity accounted investees | 76,000,000 | 116,000,000 | -172,000 | -172,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
general and administrative expenses | 53,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current income tax expense | 22,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
conventional pipelines revenue volumes | 780,000,000 | 692,000,000 | 691,000,000 | 643,000,000 | 648,000,000 | 670,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
oil sands & heavy oil contracted capacity | 1,060,000,000 | 975,000,000 | 975,000,000 | 975,000,000 | 880,000,000 | 880,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
gas services revenue volumes net to pembina | 171,000,000 | 172,000,000 | 171,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
midstream natural gas liquids | 123,000,000 | 124,000,000 | 173,000,000 | 136,000,000 | 132,000,000 | 141,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per common share - basic | 220,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per common share - diluted | 220,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flow from operating activities per common share - basic | 750,000 | 900,000 | 630,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjusted cash flow from operating activities per common share - basic | 780,000 | 680,000 | 640,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition | -566,000,000 | 566,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
conventional pipelines | 232,000,000 | 197,000,000 | 188,000,000 | 183,000,000 | 177,000,000 | 175,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
oil sands & heavy oil | 51,000,000 | 50,000,000 | 54,000,000 | 49,000,000 | 47,000,000 | 52,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
gas services | 88,000,000 | 87,000,000 | 92,000,000 | 72,000,000 | 64,000,000 | 53,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
midstream | 161,000,000 | 117,000,000 | 220,000,000 | 122,000,000 | 142,000,000 | 114,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
corporate | 1,000,000 | -1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total | 532,000,000 | 451,000,000 | 554,000,000 | 427,000,000 | 429,000,000 | 394,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per common share - basic and diluted | 260,000 | 250,000 | 290,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
gas services revenue volumes (mboe/d) net to pembina | 149,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
share of (profit) loss of investments in equity accounted investees, net of tax | -400,000 | -400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments from equity accounted investees | 3,000,000 | 5,400,000 | 5,400,000 | 4,400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments received & deferred | 1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of common shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of preferred shares | 250,000,000 | 250,000,000 | 250,000,000 | 250,000,000 | 250,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flow from financing activities | 485,000,000 | 130,000,000 | 347,000,000 | 185,000,000 | 286,000,000 | 134,000,000 | 117,800,000 | 117,800,000 | 49,500,000 | 99,656,000 | 99,656,000 | 24,823,000 | 24,823,000 | |||||||||||||||||||||||||||||||||||||||||||||
deposit | -25,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gas services average revenue volumes (mboe/d) net to pembina | 133,000,000 | 113,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
share of loss of investments in equity accounted investees, net of tax | 2,000,000 | 400,000 | 400,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
bank borrowings | 205,000,000 | 40,000,000 | 40,000,000 | 80,000,000 | 200,000,000 | 200,000,000 | 66,861,000 | 66,861,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
cost of sales | 830,000,000 | 1,013,000,000 | 942,000,000 | 1,236,000,000 | 1,388,000,000 | 1,459,000,000 | 1,003,700,000 | 1,089,800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
gain on commodity-related derivative financial instruments | -5,000,000 | 16,000,000 | 7,000,000 | -4,000,000 | 2,000,000 | 5,500,000 | 7,900,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
results from operating activities | 155,000,000 | 165,000,000 | 180,000,000 | 146,000,000 | 178,000,000 | 264,000,000 | 150,000,000 | 171,800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
earnings before income tax and equity accounted investees | 145,000,000 | 139,000,000 | 167,000,000 | 116,000,000 | 125,600,000 | 121,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
share of loss of investment in equity accounted investees, net of tax | 2,000,000 | 3,000,000 | 2,000,000 | 2,000,000 | 20,000,000 | 20,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings attributable to shareholders | 113,000,000 | 43,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
exchange differences on translation of foreign operations that will not be reclassified into earnings, net of tax | 8,000,000 | -2,000,000 | 9,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
total comprehensive income attributable to shareholders | 121,000,000 | 41,000,000 | 129,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per common share | 290,000 | 90,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average number of common shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 345,000,000 | 342,000,000 | 339,000,000 | 327,000,000 | 323,000,000 | 440,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | 345,000,000 | 343,000,000 | 340,000,000 | 329,000,000 | 325,000,000 | 410,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
december 31, 2014 | 6,876,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
exchange differences on translation of foreign operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total comprehensive income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
transactions with shareholders of the company | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred shares issued, net of issue costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividend reinvestments | 274,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debenture conversions | 121,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
share-based payment transactions | 19,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends declared – common | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends declared – preferred | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total transactions with shareholders of the company | 414,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
september 30, 2015 | 7,290,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
december 31, 2013 | 5,972,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings and total comprehensive income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred shares issues, net of issue costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
share-based payment transactions and other | 19,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
disposal of subsidiary | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
september 30, 2014 | 6,497,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tax paid | -75,000,000 | -12,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in cash | -11,000,000 | 42,000,000 | 134,000,000 | 102,000,000 | 5,700,000 | 5,700,000 | -36,600,000 | 734,000 | 734,000 | 2,923,000 | 2,923,000 | |||||||||||||||||||||||||||||||||||||||||||||||
cash, beginning of period | 53,000,000 | 287,000,000 | 153,000,000 | 51,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings and comprehensive income attributable to shareholders | 120,000,000 | 75,000,000 | 77,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive income, net of tax | 9,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments from equity accounted investees and other | 6,000,000 | 7,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred tax (recovery) expense | -5,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
financing fees | -5,000,000 | -8,000,000 | -100,000 | -100,000 | -1,900,000 | -2,275,000 | -2,275,000 | -2,791,000 | -2,791,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents end of period | 287,000,000 | 153,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings before income tax | 128,000,000 | 203,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
33 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings for the period | 147,000,000 | 95,000,000 | 71,800,000 | 71,800,000 | 71,800,000 | 93,800,000 | 81,300,000 | 30,700,000 | 80,408,000 | 80,408,000 | 80,400,000 | 32,552,000 | 32,552,000 | |||||||||||||||||||||||||||||||||||||||||||||
earnings and total comprehensive income for the period attributable to shareholders | 147,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings for the year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income tax expense | 33,800,000 | 33,800,000 | 23,100,000 | 27,780,000 | 27,780,000 | 10,870,000 | 10,870,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
share-based payments expense | 8,200,000 | 8,200,000 | 5,700,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in non-cash working capital | -101,400,000 | -101,400,000 | -3,700,000 | -65,093,000 | -65,093,000 | -12,429,000 | -12,429,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of debt | 200,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash acquired on acquisition | 8,874,000 | 8,874,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash (bank indebtedness), beginning of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents end of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
see accompanying notes to the consolidated financial statements | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flow from operating activities per common share | 620,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjusted cash flow from operating activities per common share | 570,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
· | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash from: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
employee future benefits expense | 2,900,000 | 2,900,000 | 2,600,000 | 1,898,000 | 1,898,000 | 1,431,000 | 1,431,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
decommissioning liability expenditures | -300,000 | -1,310,000 | -1,310,000 | -1,057,000 | -1,057,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
employer future benefit contributions | -3,100,000 | -3,100,000 | -3,100,000 | -2,500,000 | -2,500,000 | -2,500,000 | -2,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
financing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common share issue costs | -300,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred share issue costs | -7,500,000 | -7,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash (bank indebtedness), beginning of period | 9,800,000 | 9,800,000 | 46,400,000 | 2,247,000 | 2,247,000 | -676,000 | -676,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per share - basic and diluted | 220,000 | 280,000 | 280,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjusted cash flow from operating activities per share | 610,000 | 590,000 | 460,000 | 310,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition-related and other income | 600,000 | -600,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
finance income | -7,400,000 | -1,600,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
finance costs | 31,800,000 | 52,400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings and total comprehensive income for the period | 93,800,000 | 90,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings and total comprehensive income attributable to: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders of the company | 93,900,000 | 90,300,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-controlling interest | -100,000 | 200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted earnings per share attributable to shareholders of the company | 300,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
share of loss (profit) of investments in equity accounted investees, net of tax | 300,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per share attributable to shareholders of the company: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted earnings per share | 300,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net capital expenditures | -131,869,000 | -131,869,000 | -87,234,000 | -87,234,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents (bank indebtedness), end of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends declared | 118,400,000 | 117,300,000 | 116,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
refer to non-gaap measures. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per share – basic and diluted | 110,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
share of loss | 570,000 | 570,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
share-based payments | 2,689,000 | 2,689,000 | 3,610,000 | 3,610,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions from investments in equity accounted investees | 3,588,000 | 3,588,000 | 4,145,000 | 4,145,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
issue of shares under dividend reinvestment plan | 56,973,000 | 56,973,000 | 28,001,000 | 28,001,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
measurement | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
bbl | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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bpd | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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km | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest paid | -17,194,000 | -17,194,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of senior secured notes | -2,087,000 | -2,087,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of finance leases | -635,000 | -635,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash provided by: |