CalgaryPembina Pipeline Corp. posted a profit of $286 million during the third quarter, a drop from the $385 million it earned during the same period a year earlier.Company posted $286M profit during 3rd quarter, drop from $385M last yearThe Canadian Press · Posted: Nov 06, 2025 9:14 PM EST | Last Updated: 9 hours agoListen to this articleEstimated 2 minutesThe audio version of this article is generated by text-to-speech, a technology based on artificial intelligence.Workers lay pipe during construction of the Trans Mountain pipeline expansion on farmland in Abbotsford, B.C., in 2023. (Darryl Dyck/The Canadian Press)Pembina Pipeline Corp. posted a profit of $286 million during the third quarter, a drop from the $385 million it earned during the same period a year earlier.The profit amounted to 43 cents per share versus 60 cents per share during the third quarter of 2024.Revenue was $1.79 billion, down from $1.84 billion.The Calgary-based natural gas shipper and processor says it has more than $1 billion of proposed pipeline expansions in the works to handle growing production out of the Montney, Duvernay and Deep Basin areas of Alberta and British Columbia.Pembina also says it and partner Kineticor are expecting to make a final investment decision on the Greenlight Electricity Centre natural gas-fired power plant in Alberta during the first half of next year.It adds that Cedar LNG, the liquefied natural gas export terminal under construction in B.C. that Pembina owns alongside the Haisla Nation, is tracking on budget and on schedule.Earlier this week, Pembina said it has signed a 20-year deal with Malaysia’s Petronas for one million tonnes per year of liquefaction capacity at the Cedar LNG project.
Pembina Pipeline posts drop in profit, gas pipeline expansions in the works
