Pembina Pipeline annual net debt
2018
2019
2020
2021
2022
2023
2024
2025
Pembina Pipeline Net Debt Growth & History (PBA)
Pembina Pipeline's net debt was $12.18B for fiscal 2025.
View full Pembina Pipeline company overviewPembina Pipeline annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $12.18B | −$402.0M | −3.19% |
| 2024 | 2024-12-31 | $12.58B | $2.19B | +21.05% |
| 2023 | 2023-12-31 | $10.40B | −$177.0M | −1.67% |
| 2022 | 2022-12-31 | $10.57B | −$752.0M | −6.64% |
| 2021 | 2021-12-31 | $11.32B | −$244.0M | −2.11% |
| 2020 | 2020-12-31 | $11.57B | $727.0M | +6.71% |
| 2019 | 2019-12-31 | $10.84B | $3.46B | +46.91% |
| 2018 | 2018-12-31 | $7.38B | — | — |
Pembina Pipeline quarterly net debt
Q4.18
Q4.19
Q4.20
Q4.21
Q4.22
Q4.23
Q4.24
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $13.65B | $489.0M | +3.71% |
| Q1 2026 | 2026-03-31 | $13.74B | — | — |
| Q4 2025 | 2025-12-31 | $12.18B | −$402.0M | −3.19% |
| Q3 2025 | 2025-09-30 | $13.14B | — | — |
| Q2 2025 | 2025-06-30 | $13.16B | — | — |
| Q4 2024 | 2024-12-31 | $12.58B | $2.19B | +21.05% |
| Q4 2023 | 2023-12-31 | $10.40B | −$177.0M | −1.67% |
| Q4 2022 | 2022-12-31 | $10.57B | −$752.0M | −6.64% |
| Q4 2021 | 2021-12-31 | $11.32B | −$244.0M | −2.11% |
| Q4 2020 | 2020-12-31 | $11.57B | $727.0M | +6.71% |
| Q4 2019 | 2019-12-31 | $10.84B | $3.46B | +46.91% |
| Q4 2018 | 2018-12-31 | $7.38B | — | — |
Pembina Pipeline net debt trends
Over the last five fiscal years, Pembina Pipeline's net debt increased from $11.57B to $12.18B, a change of $613.0M. The latest reported quarter, Q2 2026, shows $13.65B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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