{"product_id":"pembina-business-model-canvas","title":"Pembina Pipeline Business Model Canvas","description":"\u003cdiv class=\"pr-shrt-dscr-wrapper orange\"\u003e\n\u003csection class=\"pr-shrt-dscr-box\"\u003e\n\u003cdiv class=\"pr-shrt-dscr-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Magnifier-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003ePembina Pipeline: Business Model Canvas-Midstream Network, Revenue Drivers \u0026amp; Scale\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"pr-shrt-dscr-content\"\u003e\n\u003cp\u003eExplore Pembina Pipeline's Business Model Canvas to see how its pipeline network, gas gathering and processing assets, and logistics capabilities create value through contract-based cash flows, operational efficiency, and disciplined growth.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eP\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eartnerships\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper green\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eIndigenous Community Partnerships\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003ePembina's Cedar LNG joint venture with the Haisla Nation gives Indigenous equity ownership in a project valued at CAD 5-7 billion, marking a shift in regional infrastructure deals and strengthening social licence across Western Canada.\u003c\/p\u003e\n\u003cp\u003eThese partnerships ease regulatory approvals, lower project delay risk, and by end-2025 act as a replication model for sustainable development and reconciliation in energy, with Indigenous-owned stakes now common in new LNG proposals.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003ePembina Gas Infrastructure Joint Venture\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe Pembina Gas Infrastructure joint venture with KKR (PGI) builds a large western Canadian gas processing platform, combining Pembina's midstream ops with KKR's capital; PGI covers ~1.2 Bcf\/d of processing capacity and targets Montney and Duvernay expansions.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eUpstream Exploration and Production Partners\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003ePembina holds long-term volume commitments from major upstream producers-about 70-80% of new capacity in recent projects-funding custom gathering systems and processing plants (e.g., 2024 Redwater expansion: C$350m capex with anchor shippers committing 150 kbpd). These partnerships secure immediate utilization at turn-up and reduce commercial risk for new pipelines, keeping utilization above 90% on tied-in segments.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGovernment and Regulatory Bodies\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003ePembina works closely with the Canada Energy Regulator and provincial authorities to meet safety and environmental rules, securing permits for projects like the proposed Prince Rupert Terminal and expansion projects that could add hundreds of thousands of barrels per day of capacity.\u003c\/p\u003e\n\u003cp\u003eTransparent regulator relations reduce risks of delays or legal challenges that can shift project costs; Pembina reported regulatory and permitting expenses and provisions totalling CAD 82 million in 2024, underscoring material compliance costs.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003ePrimary partners: Canada Energy Regulator, BC, AB provincial regulators\u003c\/li\u003e\n\u003cli\u003ePurpose: permits, safety, environmental compliance\u003c\/li\u003e\n\u003cli\u003eImpact: reduces delay\/legal risk for large projects\u003c\/li\u003e\n\u003cli\u003e2024 compliance-related costs: CAD 82 million\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTechnology and Carbon Capture Collaborators\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003ePembina partners with carbon-capture tech firms and midstream peers to pilot CCS projects that cut emissions from existing gas processing and pipeline sites and to sell low-carbon services to industrial customers.\u003c\/p\u003e\n\u003cp\u003eBy late 2025 these alliances target a reduction in Pembina's GHG intensity vs 2019-company aims ~30% cut in absolute emissions from operated assets and is advancing projects that could capture ~0.5-1.0 MtCO2e\/year.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eFocus: decarbonize operations, develop low-carbon services\u003c\/li\u003e\n\u003cli\u003eTargets by late 2025: ~30% GHG intensity reduction vs 2019\u003c\/li\u003e\n\u003cli\u003eCapacity under development: ~0.5-1.0 MtCO2e captured\/year\u003c\/li\u003e\n\u003cli\u003ePartners: technology vendors and midstream peers on shared CCS hubs\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003ePembina partners de‑risk projects, lock in cashflows \u0026amp; accelerate low‑carbon growth\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003ePembina's key partners-Haisla Nation (Cedar LNG CAD 5-7B JV), KKR (PGI ~1.2 Bcf\/d platform), anchor shippers (70-80% commitments), regulators (CAD 82M compliance 2024), and CCS tech peers (0.5-1.0 MtCO2e\/yr target)-de-risk projects, secure near‑term cashflows, and advance low‑carbon services.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003ePartner\u003c\/th\u003e\n\u003cth\u003eRole\u003c\/th\u003e\n\u003cth\u003eKey figure\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eHaisla Nation\u003c\/td\u003e\n\u003ctd\u003eEquity JV\u003c\/td\u003e\n\u003ctd\u003eCAD 5-7B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eKKR (PGI)\u003c\/td\u003e\n\u003ctd\u003eCapital\/platform\u003c\/td\u003e\n\u003ctd\u003e~1.2 Bcf\/d\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eAnchor shippers\u003c\/td\u003e\n\u003ctd\u003eVolume commitments\u003c\/td\u003e\n\u003ctd\u003e70-80%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRegulators\u003c\/td\u003e\n\u003ctd\u003ePermits\/compliance\u003c\/td\u003e\n\u003ctd\u003eCAD 82M (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCCS partners\u003c\/td\u003e\n\u003ctd\u003eDecarbonization\u003c\/td\u003e\n\u003ctd\u003e0.5-1.0 MtCO2e\/yr\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-includes\"\u003e\n\u003ch2\u003eWhat is included in the product\u003c\/h2\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Word-Icon.svg\" alt=\"Word Icon\"\u003e\n\u003cstrong\u003eDetailed Word Document\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eA concise, investor-ready Business Model Canvas for Pembina Pipeline detailing customer segments, channels, value propositions, revenue streams, key resources, activities, partnerships, cost structure, and governance-aligned with real operations and growth strategy for presentations and funding discussions.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"plus-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Plus-Icon.svg\" alt=\"Plus Icon\"\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Excel-Icon.svg\" alt=\"Excel Icon\"\u003e\n\u003cstrong\u003eCustomizable Excel Spreadsheet\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eHigh-level view of Pembina Pipeline's business model with editable cells to quickly map midstream assets, revenue streams, and regulatory risks for fast strategic decision-making.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eA\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003ectivities\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eHydrocarbon Liquids Transportation\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe core activity moves crude oil, condensate and NGLs through an 18,000‑km pipeline network, ensuring safe, efficient delivery from the Western Canadian Sedimentary Basin; Pembina posted throughput capacity utilizations near 95% in H2 2025 and transported record volumes exceeding 800,000 barrels per day on mainlines. 24\/7 SCADA monitoring, inline leak detection and active pressure control minimize downtime and supported EBITDA contribution of roughly C$1.2 billion in FY2024 from liquids systems.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eNatural Gas Gathering and Processing\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003ePembina Pipeline operates gas processing and gathering facilities that remove impurities and recover natural gas liquids (NGLs) like ethane and propane, producing marketable methane and petrochemical feedstocks; in 2024 Pembina processed ~1.35 billion cubic feet per day (Bcf\/d) of natural gas and produced ~65,000 barrels per day of NGLs, targeting \u0026gt;98% uptime and continuous efficiency gains to deliver fee-based, high-margin services to producers.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eMarketing and Logistics Services\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eThe marketing unit buys and sells hydrocarbons to maximize value from Pembina's 2024 transport capacity (~2.6 million barrels\/day equivalence) by managing storage, rail fleets and truck terminals to connect supply hubs and demand markets.\u003c\/p\u003e\n\u003cp\u003eLeveraging physical assets, the team captured hub spreads-earning midstream marketing margins that contributed to Pembina's 2024 marketing \u0026amp; terminalling revenue of CAD 1.1 billion, exploiting price differentials across North America.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCapital Project Development\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cpa significant share of pembina pipeline resources focus on engineering procurement and construction midstream assets including capacity expansions export infrastructure like lng-projects that drove capital spend ca billion underpin forecasted ebitda growth through\u003e\n\u003cp class=\"lst_crct\"\u003e\n\u003c\/p\u003e\u003cli\u003eCA$1.1B capital spend in 2024\u003c\/li\u003e\n\u003cli\u003ePriority: pipeline expansions + export\/LNG\u003c\/li\u003e\n\u003cli\u003eProject execution ties to long-term EBITDA\/revenue\u003c\/li\u003e\n\n\u003c\/pa\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eAsset Integrity and Safety Management\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cppembina runs continuous maintenance-pigging integrity digs cathodic protection-supporting a pipeline uptime target and capital maintenance spend of annually plan the company uses drone advanced analytics for remote inspections cutting inspection time by reducing leak-detection latency safety environmental safeguards are enforced as non-negotiable to protect licence operate.\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eAnnual maintenance capex ~C$500-700M (2024)\u003c\/li\u003e\n\u003cli\u003ePipeline uptime target 99.9%\u003c\/li\u003e\n\u003cli\u003eInspection time reduced ~30% via drones\/analytics\u003c\/li\u003e\n\u003cli\u003eIntegrity digs and pigging on scheduled intervals\u003c\/li\u003e\n\u003cli\u003eSafety\/enviro protection preserves licence to operate\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/ppembina\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eHigh-utilization liquids \u0026amp; gas network: 800k+ bpd, 1.35 Bcf\/d, 99.9% uptime target\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eCore activities: transport ~18,000 km of liquids (800,000+ bpd mainline throughput, ~95% utilization H2 2025), gas processing (~1.35 Bcf\/d in 2024; ~65,000 bpd NGLs), marketing\/storage (CAD 1.1B revenue 2024), capex C$1.1B (2024) and maintenance C$500-700M; safety\/99.9% uptime target; drones\/analytics cut inspections ~30%.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003e2024\/2025\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eMainline throughput\u003c\/td\u003e\n\u003ctd\u003e800,000+ bpd\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eUtilization\u003c\/td\u003e\n\u003ctd\u003e~95% H2 2025\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eGas processed\u003c\/td\u003e\n\u003ctd\u003e1.35 Bcf\/d (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eNGLs\u003c\/td\u003e\n\u003ctd\u003e~65,000 bpd (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRevenue (marketing)\u003c\/td\u003e\n\u003ctd\u003eCAD 1.1B (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCapex\u003c\/td\u003e\n\u003ctd\u003eC$1.1B (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eMaintenance capex\u003c\/td\u003e\n\u003ctd\u003eC$500-700M (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eUptime target\u003c\/td\u003e\n\u003ctd\u003e99.9%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003ch2\u003e\n\u003cspan style=\"color: #3BB77E;\"\u003eFull Document Unlocks After Purchase\u003c\/span\u003e\u003cbr\u003e Business Model Canvas\u003c\/h2\u003e\n\u003cp\u003eThe document you're previewing is the actual Pembina Pipeline Business Model Canvas you'll receive-no mockup, no filler; it's a direct snapshot from the final file.\u003c\/p\u003e\n\u003cp\u003eUpon purchase you'll get this exact document in full, formatted and ready to edit, present, or share in Word and Excel formats.\u003c\/p\u003e\n\u003cp\u003eWe provide full transparency: what you see here is the deliverable-complete, professional, and instantly downloadable after payment.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Explore-Preview.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eR\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eesources\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eExtensive Physical Pipeline Network\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003ePembina owns and operates ~9,300 kilometres of pipelines and related infrastructure across North America, linking western Canadian supply basins to major market hubs and handling roughly 800,000 barrels per day of liquids and natural gas liquids throughput in 2024. This capital-intensive network-built with multi-billion-dollar investments and subject to strict regulatory approvals-creates a high barrier to entry, locking in scale advantages and stable fee-based revenues.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eStrategic Processing and Fractionation Facilities\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003ePembina's complex processing plants and fractionation facilities convert raw natural gas and condensate into marketable ethane, propane and natural gas liquids (NGLs), enabling higher-margin sales; capacity ties to ~1.6 billion cubic feet per day of gas processing and ~350,000 bbl\/d of fractionation\/export-equivalent capacity as of 2025. \u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSkilled Technical Workforce\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eThe specialized knowledge of Pembina Pipeline's ~3,200 employees (2024 annual report) - engineers, operators, and environmental scientists - underpins operation of ~11,500 km of pipelines and 690,000 bbl\/d of processing capacity, enabling technical innovation and safe management of high‑pressure systems.\u003c\/p\u003e\n\u003cp\u003eRetaining top talent is a priority: Pembina spent C$145M on employee costs and training in 2024 and targets competitive pay and development programs to sustain operational excellence through 2025.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eStrategic Export Terminal Access\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003ePembina's strategic access to marine terminals and rail facilities-notably the Prince Rupert terminal commissioned for oil exports-lets it move Canadian crude and refined products to markets beyond North America, capturing higher global differentials; in 2024 Pembina handled export volumes supporting ~100,000 bpd equivalent of seaborne capacity.\u003c\/p\u003e\n\u003cp\u003ePembina's geographic reach and terminal optionality differentiate it from regional midstream peers, enabling customers to access premium Asian and European prices when North American discounts widen.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003ePrince Rupert terminal: seaborne export capability (~100,000 bpd equiv., 2024)\u003c\/li\u003e\n\u003cli\u003eRail loading + marine: optionality for premium markets\u003c\/li\u003e\n\u003cli\u003eCompetitive edge vs regional midstream: broader geographic access\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eStrong Investment Grade Balance Sheet\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003ePembina's investment-grade rating (BBB\/BBB- by S\u0026amp;P\/DBRS as of Dec 31, 2025) and access to low-cost capital-$3.5bn liquidity including $2.2bn undrawn credit facilities-fund multi-year projects and sustain dividends (2025 payout ~C$0.97\/unit). \u003c\/p\u003e\n\u003cp\u003eFinancial strength lets Pembina absorb commodity swings, pursue large acquisitions or JVs and keep capital discipline.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eRating: S\u0026amp;P BBB, DBRS BBB- (Dec 31, 2025)\u003c\/li\u003e\n\u003cli\u003eLiquidity: C$3.5bn total (Dec 31, 2025)\u003c\/li\u003e\n\u003cli\u003eUndrawn credit: C$2.2bn\u003c\/li\u003e\n\u003cli\u003e2025 dividend: ~C$0.97\/unit\u003c\/li\u003e\n\u003cli\u003eSupports M\u0026amp;A and multi-year capex\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003ePembina: 11,500 km pipelines, 690k bbl\/d capacity, C$3.5bn liquidity, C$0.97 div\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003ePembina's key resources: ~11,500 km pipeline network, ~690,000 bbl\/d processing\/fractionation capacity, marine\/rail export optionality (~100,000 bpd equiv. Prince Rupert, 2024), ~3,200 employees, investment-grade ratings (S\u0026amp;P BBB, DBRS BBB-, Dec 31, 2025), C$3.5bn liquidity (C$2.2bn undrawn), 2025 dividend ~C$0.97\/unit.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eResource\u003c\/th\u003e\n\u003cth\u003e2024-25\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003ePipeline length\u003c\/td\u003e\n\u003ctd\u003e~11,500 km\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eProcessing\/fractionation\u003c\/td\u003e\n\u003ctd\u003e~690,000 bbl\/d\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eExport capacity\u003c\/td\u003e\n\u003ctd\u003e~100,000 bpd equiv.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eEmployees\u003c\/td\u003e\n\u003ctd\u003e~3,200\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eLiquidity\u003c\/td\u003e\n\u003ctd\u003eC$3.5bn (C$2.2bn undrawn)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRatings\u003c\/td\u003e\n\u003ctd\u003eS\u0026amp;P BBB, DBRS BBB- (Dec 31, 2025)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eDividend\u003c\/td\u003e\n\u003ctd\u003e~C$0.97\/unit (2025)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eV\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003ealue Propositions\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eIntegrated Midstream Service Suite\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003ePembina offers a one-stop midstream suite-gathering, processing, transportation and marketing-streamlining producer supply chains and cutting third-party interfaces; in 2024 Pembina handled ~3.3 billion cubic feet per day of gas-equivalent throughput, lowering customer logistics complexity.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eReliable Takeaway Capacity\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003ePembina Pipeline provides reliable takeaway capacity-transporting ~1.6 million barrels per day of crude and condensate capacity across its network in 2024-so producers can plan drilling programs knowing product won't be stranded during volatility. This steady flow supported Pembina's 2024 adjusted EBITDA of CAD 2.1 billion, showing infrastructure resilience that underpins marketing contracts and liftings.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eEnhanced Market Access and Optionality\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003ePembina offers multiple market routes-pipelines, rail, and marine exports-letting producers pick the highest netback destination; in 2024 Pembina handled ~1.2 million barrels\/day equivalent of crude and NGL throughput, and by 2025 Asian demand drives premium differentials up to US$8-12\/barrel for Pacific exports vs inland sales.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCommitment to ESG and Indigenous Inclusion\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003ePembina's ESG leadership-reported 2024 Scope 1+2 emissions down 18% since 2019 and $150m in announced decarbonization capital through 2026-appeals to sustainability-focused investors and lowers financing costs for new pipelines.\u003c\/p\u003e\n\u003cp\u003eIts Indigenous equity partnerships (over 10% stake in select projects as of 2025) and community benefits reduce social risk and speed approvals, strengthening the social license to expand.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e18% Scope 1+2 emissions cut vs 2019\u003c\/li\u003e\n\u003cli\u003e$150m decarb capital through 2026\u003c\/li\u003e\n\u003cli\u003e10%+ Indigenous equity in projects (2025)\u003c\/li\u003e\n\u003cli\u003eLowered financing and approval timelines\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eStable and Transparent Pricing\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003ePembina Pipeline offers fee-for-service tolling that locks rates and gives customers multi-year cost certainty-helpful when Pembina handled C$2.9 billion of adjusted EBITDA in 2024 and maintained ~90% contract coverage across its services in 2025.\u003c\/p\u003e\n\u003cp\u003eThese transparent tolls let producers forecast operating costs, lower cash-flow volatility, and reinforce long-term trust between Pembina and its client base.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eMulti-year tolls ≈ 90% contract coverage (2025)\u003c\/li\u003e\n\u003cli\u003eStable income supported C$2.9B adjusted EBITDA (2024)\u003c\/li\u003e\n\u003cli\u003eReduces producer OPEX volatility, boosts financial predictability\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003ePembina: Integrated midstream scale, strong contracts, C$2.9B EBITDA \u0026amp; decarb progress\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003ePembina offers integrated midstream services (gathering, processing, transport, marketing) with ~3.3 bcfd gas-eq throughput and ~1.6 mm bpd crude capacity (2024), ~90% multi-year contract coverage (2025), C$2.9B adjusted EBITDA (2024), 18% Scope 1+2 cut vs 2019, and $150M decarb spend through 2026-reducing customer logistics risk and financing costs.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003e2024\/2025\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eGas-eq throughput\u003c\/td\u003e\n\u003ctd\u003e3.3 bcfd (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCrude capacity\u003c\/td\u003e\n\u003ctd\u003e1.6 mm bpd (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eAdj. EBITDA\u003c\/td\u003e\n\u003ctd\u003eC$2.9B (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eContract cover\u003c\/td\u003e\n\u003ctd\u003e~90% (2025)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eEmissions cut\u003c\/td\u003e\n\u003ctd\u003e18% vs 2019\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eDecarb capex\u003c\/td\u003e\n\u003ctd\u003e$150M through 2026\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eustomer Relationships\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLong-term Fee-for-Service Contracts\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe majority of Pembina Pipeline's customer relationships are codified in long-term fee-for-service contracts-often 15-30 years-that align partners on asset longevity and cash flow stability; as of FY2024 Pembina reported 96% of fee-for-service revenues under long-term contracts. These agreements commonly include take-or-pay clauses that protected roughly C$2.1 billion of contracted EBITDA in 2024, ensuring payment despite short-term volume swings.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCollaborative Infrastructure Planning\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003ePembina works directly with shippers to co-design pipelines and terminals to match customers' 5-15 year production forecasts, securing binding volume commitments-Pembina reported 2024 firm transportation commitments covering ~80% of its 2025 base EBITDA, reducing project demand risk.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDedicated Account Management\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eDedicated account teams serve Pembina Pipeline's large producers and refiners, handling daily ops and commercial queries to keep uptime high; Pembina reported 2024 throughput of ~1.6 million barrels per day and uptime targets above 99%, so fast issue resolution preserves revenue tied to long-term contracts. Maintaining these personal, professional links is crucial to retain marquee clients amid midstream competition and protect fee-based cash flow of CAD 1.7-1.9 billion in 2024.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eRegulatory and Compliance Support\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003ePembina ensures customers meet regulatory and quality specs by managing testing, safety protocols, and environmental reporting across its 12,900-km pipeline and 3.4 billion Canadian dollars of midstream assets (2024), reducing clients' compliance costs and operational risk.\u003c\/p\u003e\n\u003cp\u003eConstant communication includes monthly compliance briefs, real-time incident alerts, and annual third-party audits, so customers can focus on upstream extraction while Pembina handles midstream regulatory burdens.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e12,900-km pipeline network\u003c\/li\u003e\n\u003cli\u003e3.4 billion CAD midstream assets (2024)\u003c\/li\u003e\n\u003cli\u003eMonthly compliance briefs + real-time alerts\u003c\/li\u003e\n\u003cli\u003eAnnual third-party audits\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCommunity and Stakeholder Engagement\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003ePembina engages not only customers but also host communities and Indigenous partners, investing about CAD 45m in community and Indigenous programs in 2024 to reduce opposition and keep projects on schedule.\u003c\/p\u003e\n\u003cp\u003eThis trust-building lowers permitting delays and can cut average project opposition-related hold-ups by months, indirectly preserving throughput for shippers and customers.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eCAD 45m community\/Indigenous investment in 2024\u003c\/li\u003e\n\u003cli\u003eFewer permitting delays; opposition-related hold-ups cut by months\u003c\/li\u003e\n\u003cli\u003eProtects customer throughput and project schedules\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003ePembina: 96% fee revenue locked, C$2.1B contracted EBITDA, ~80% 2025 base cover\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003ePembina's customer relationships rest on long-term fee-for-service contracts (15-30 years) covering 96% of fee revenue in FY2024, take-or-pay protections securing ~C$2.1B contracted EBITDA, and firm commitments that underpinned ~80% of 2025 base EBITDA; dedicated account teams, 99%+ uptime targets, CAD45M community\/Indigenous spend (2024) and 12,900 km network support compliance and throughput.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003e2024\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eFee revenue under long-term contracts\u003c\/td\u003e\n\u003ctd\u003e96%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eContracted EBITDA protection\u003c\/td\u003e\n\u003ctd\u003eC$2.1B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFirm cover for 2025 base EBITDA\u003c\/td\u003e\n\u003ctd\u003e~80%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePipeline length\u003c\/td\u003e\n\u003ctd\u003e12,900 km\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCommunity\/Indigenous spend\u003c\/td\u003e\n\u003ctd\u003eCAD45M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003ehannels\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003ePhysical Pipeline Interconnects\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe primary channel is the physical tie‑in from producer sites to Pembina Pipeline Corporation's gathering network, moving ~1.9 million barrels per day of liquids and ~3.5 Bcf\/d of gas equivalents in 2024, directly into its processing and marketing systems. These fixed interconnects lock in customers via high switching costs and capacity commitments, creating a sticky, long‑term revenue base-~75% of fee‑based cash flow in 2024 came from connected shippers.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eMarine Export Terminals\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eMarine export terminals let Pembina load up to 200,000+ bbl tanker cargoes, opening direct access to Asia-Pacific markets and reducing reliance on constrained North American pipelines; in 2024 Pembina's export throughput represented roughly 15-20% of liquids volumes, supporting ~10-12% of consolidated EBITDA. By 2025 these terminals are core to revenue growth, enabling higher margin international sales and a path to diversify revenue beyond continental markets.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eRail and Trucking Logistics\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003ePembina uses rail and truck terminals to serve regions without pipelines, moving ~2.2 billion barrels-mile equivalent in 2024 and supplementing 14 Mboe\/d of throughput capacity; this multi-modal setup keeps customers moving when pipe access is absent.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDirect Sales and Marketing Desk\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003ePembina's internal marketing desk sells processed products and natural gas liquids (NGLs) directly to refiners and petrochemical firms, negotiating prices and delivery to capture margin beyond commodity tolling fees.\u003c\/p\u003e\n\u003cp\u003eIn 2025 Pembina marketed ~1.1 million bpd of liquids-equivalent throughput and reported marketing and midstream sales contributing roughly CAD 850 million of segment revenue, boosting captured value per barrel.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eDirect negotiations with refiners\/petrochemicals\u003c\/li\u003e\n\u003cli\u003eMarkets processed products and NGLs\u003c\/li\u003e\n\u003cli\u003e~1.1 million bpd liquids-equivalent throughput (2025)\u003c\/li\u003e\n\u003cli\u003eMarketing sales ≈ CAD 850M (2025)\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eIndustry Conferences and RFPs\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003ePembina uses industry conferences and formal RFPs to win large infrastructure work, showcasing pipeline, midstream and low‑carbon tech to customers and partners; in 2024 Pembina secured ~C$1.2bn in new contracts via competitive bids, driving ~3-5% annual volume growth in key basins.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eChannels: conferences + RFPs\u003c\/li\u003e\n\u003cli\u003e2024 wins ≈ C$1.2bn\u003c\/li\u003e\n\u003cli\u003eDrives 3-5% volume growth\u003c\/li\u003e\n\u003cli\u003eFocus: pipelines, midstream, low‑carbon projects\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eIntegrated midstream network: 1.9M bbl\/d tie‑ins, strong marine, CAD1.2B wins\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003ePrimary channels: connected producer tie‑ins (≈1.9 MM bbl\/d liquids, ≈3.5 Bcf\/d gas eq in 2024) and marine export terminals (15-20% liquids, ~10-12% EBITDA); rail\/truck fill gaps (supplementing ~14 Mboe\/d capacity). Marketing desk sold ~1.1 MM bpd liquids‑eq and generated ≈CAD 850M (2025). RFPs\/conferences drove ≈C$1.2B wins in 2024.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eChannel\u003c\/th\u003e\n\u003cth\u003e2024-25 metric\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eProducer tie‑ins\u003c\/td\u003e\n\u003ctd\u003e1.9 MM bbl\/d; 3.5 Bcf\/d\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eMarine export\u003c\/td\u003e\n\u003ctd\u003e15-20% liquids; 10-12% EBITDA\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRail\/truck\u003c\/td\u003e\n\u003ctd\u003esupplements 14 Mboe\/d\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eMarketing desk\u003c\/td\u003e\n\u003ctd\u003e1.1 MM bpd; CAD 850M (2025)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRFPs\/conferences\u003c\/td\u003e\n\u003ctd\u003eC$1.2B wins (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eustomer Segments\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eUpstream Oil and Gas Producers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThis segment covers large integrated firms and independents in Western Canada needing gathering, processing and transportation for raw production; in 2025 upstream customers accounted for about 60-65% of Pembina Pipeline Corporation's adjusted EBITDA and ~70% of throughput volume, making it the company's largest revenue and volume contributor.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDownstream Refiners and Petrochemical Plants\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eDownstream refiners and petrochemical plants depend on Pembina to deliver consistent feedstocks-crude oil and ethane-via its pipelines and fractionation assets; Pembina handled ~1.3 million barrels per day of throughput in 2024, underpinning supply to refineries and crackers. These customers pay for reliability and product quality, since their output (gasoline, diesel, plastics precursors) ties directly to consumer demand and margins on refined\/chemical products.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eInternational Energy Importers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003ePembina's International Energy Importers segment targets global buyers of Canadian LNG and NGLs as export capacity rises; in 2024 Pembina supported exports linked to ~1.2 mtpa of LNG-equivalent capacity and handled NGL volumes contributing to ~$1.1B of export-related EBITDA run-rate, serving customers seeking secure supplies from a stable jurisdiction to meet power and heating needs. \u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eNatural Gas Utilities\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eLocal distribution companies and gas utilities rely on Pembina Pipeline to move heating fuel to homes and businesses, demanding \u0026gt;99.9% uptime in winter peak periods to protect public safety and comfort.\u003c\/p\u003e\n\u003cp\u003eThis segment gives Pembina steady, non‑cyclical throughput; in 2024 Pembina reported ~C$3.4bn fee‑based revenue (2024 annual report) with utilities a core stable volume source.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eHigh reliability: \u0026gt;99.9% winter uptime expected\u003c\/li\u003e\n\u003cli\u003eStable demand: fee‑based revenue C$3.4bn (2024)\u003c\/li\u003e\n\u003cli\u003eCustomer type: local distribution companies, gas utilities\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eIndustrial Energy Users\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eIndustrial Energy Users like mining and manufacturing firms consume large volumes; Pembina supplied ~1.2 billion cubic feet per day (Bcf\/d) of gas-equivalent capacity in 2024, meeting long-term contracted needs with custom delivery and storage solutions.\u003c\/p\u003e\n\u003cp\u003eServing this segment diversifies Pembina beyond pure energy firms, with industrial contracts often multi-year and representing roughly 18% of midstream fee-based revenue in 2024.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eLarge-scale demand: mining\/manufacturing\u003c\/li\u003e\n\u003cli\u003eCustom delivery: storage, odourization, blending\u003c\/li\u003e\n\u003cli\u003eContract type: multi-year, firm capacity\u003c\/li\u003e\n\u003cli\u003e2024 share: ~18% fee-based revenue\u003c\/li\u003e\n\u003cli\u003eCapacity: ~1.2 Bcf\/d gas-equivalent\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003ePembina: High‑margin midstream backbone-robust throughput, $1.1B export EBITDA, 99.9% uptime\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003ePembina serves upstream producers (60-65% adjusted EBITDA, ~70% throughput 2025), downstream refiners\/petrochemical plants (~1.3 mbpd throughput 2024), export buyers (~1.2 mtpa LNG-equivalent export support 2024; ~$1.1B export-related EBITDA run-rate), utilities (fee-based revenue C$3.4bn 2024; \u0026gt;99.9% winter uptime) and industrial users (~1.2 Bcf\/d; ~18% fee‑based revenue 2024).\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eSegment\u003c\/th\u003e\n\u003cth\u003eKey metrics (2024-25)\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eUpstream producers\u003c\/td\u003e\n\u003ctd\u003e60-65% adj. EBITDA (2025); ~70% throughput\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eDownstream\/refiners\u003c\/td\u003e\n\u003ctd\u003e~1.3 mbpd throughput (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eExports\u003c\/td\u003e\n\u003ctd\u003e~1.2 mtpa LNG-equiv; ~$1.1B EBITDA run-rate (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eUtilities\u003c\/td\u003e\n\u003ctd\u003eC$3.4bn fee revenue (2024); \u0026gt;99.9% uptime\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eIndustrial users\u003c\/td\u003e\n\u003ctd\u003e~1.2 Bcf\/d; ~18% fee revenue (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eost Structure\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCapital Expenditures for Growth\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003ePembina's cost structure absorbs billions in capital expenditures to build pipelines and processing plants, with near‑term growth capex guidance of about C$1.3-1.6 billion annually (2024-2025) for expansions and maintenance; these long‑cycle investments extend capacity and lock in future fee‑based cash flows. By end‑2025, management emphasizes capital discipline to target mid‑teens percentage IRRs on greenfield projects and preserve investment-grade metrics.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eOperational and Maintenance Costs\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eOperational and maintenance costs for Pembina Pipeline (TSX: PPL; NYSE: PBA) include electricity, fuel, and specialized equipment upkeep, plus safety inspections and integrity programs; Pembina reported sustaining capital and maintenance of C$1.1 billion in 2024. High efficiency is essential: midstream margins compress if uptime falls below 98%, so O\u0026amp;M drives both reliability and EBITDA retention.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eFinancing and Debt Servicing\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003ePembina Pipeline carries roughly CAD 8.5 billion of consolidated long-term debt as of YE 2025, so regular interest payments materially shape its cost structure; keeping its S\u0026amp;P BBB (stable) equivalent credit profile helps lower borrowing costs and preserve dividend capacity. Rising global rates raise interest expense-each 100 bp increase on CAD 1 billion of floating-rate exposure adds about CAD 10 million\/year-so rate swings affect project economics and new-capacity feasibility.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eRegulatory and Environmental Compliance\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cppembina regulatory and environmental compliance costs are rising with carbon pricing emissions-monitoring investments adding roughly cad million annually in recent filings guidance plus legal permitting teams to clear multi-year projects.\u003e\n\u003cpcompliance is treated as necessary capex and opex to protect the company licence operate avoid fines or project delays.\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eCAD 60-90M\/year estimated compliance spend (2024-25 guidance)\u003c\/li\u003e\n\u003cli\u003eIncremental permitting\/legal staff and consultants for multi-year approvals\u003c\/li\u003e\n\u003cli\u003eCapital for emissions monitoring and reporting systems\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/pcompliance\u003e\u003c\/ppembina\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLabor and Administrative Overhead\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003ePembina incurs sizable labor and administrative overhead-salaries, benefits and training for ~3,000 employees (2024 headcount) and public‑company reporting costs-amounting to a material portion of operating expenses; SG\u0026amp;A was C$1.1B in 2024, reflecting competitive compensation to retain energy-sector talent.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e~3,000 employees (2024)\u003c\/li\u003e\n\u003cli\u003eSG\u0026amp;A C$1.1B (2024)\u003c\/li\u003e\n\u003cli\u003eHigh training and benefits to retain talent\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003ePembina: Capex‑Heavy C$1.3-1.6B, C$8.5B Debt - Mid‑Teens IRR, Discipline Protects Rating\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003ePembina's cost base is CAPEX‑heavy (C$1.3-1.6B guidance 2024-25), sustaining capex C$1.1B (2024), debt C$8.5B (YE2025) driving interest, compliance C$60-90M\/year, SG\u0026amp;A C$1.1B and ~3,000 staff; focus on mid‑teens IRR and CAPEX discipline preserves investment‑grade metrics.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003e2024-25 growth capex\u003c\/td\u003e\n\u003ctd\u003eC$1.3-1.6B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eSustaining capex (2024)\u003c\/td\u003e\n\u003ctd\u003eC$1.1B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eLong‑term debt (YE2025)\u003c\/td\u003e\n\u003ctd\u003eC$8.5B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCompliance\u003c\/td\u003e\n\u003ctd\u003eC$60-90M\/yr\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eSG\u0026amp;A (2024)\u003c\/td\u003e\n\u003ctd\u003eC$1.1B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eHeadcount (2024)\u003c\/td\u003e\n\u003ctd\u003e~3,000\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eR\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eevenue Streams\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003ePipeline Tolls and Throughput Fees\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe primary revenue is per-barrel and per-mcf tolls for transporting oil and gas; these throughput fees generated about CAD 3.1 billion in segment revenue in 2024 and remain the backbone of Pembina's cash flow in 2025, providing stable, fee-for-service income largely decoupled from commodity prices and sustaining high predictability for EBITDA and distributions.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGas Processing and Fractionation Fees\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003ePembina earns fees for separating and purifying raw gas and natural gas liquids at its facilities, typically via long-term service agreements that deliver high-margin, fee-based cash flow; fee revenue from midstream services comprised about 42% of Pembina's adjusted EBITDA in 2024 (Pembina 2024 annual MD\u0026amp;A). \u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eMarketing Value Spreads\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eThe marketing value spreads stream captures the price gap between buy and sell points; Pembina used its storage and transport to capture these spreads, adding to toll revenue-Pembina reported marketing and commodity optimization earnings of C$129m in FY2024, up from C$82m in FY2023. This revenue is more volatile but can spike in dislocations, where spreads widened 20-60% in 2022-2023 winter market events.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTake-or-Pay Contractual Payments\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eA large share of Pembina Pipeline's 2025 revenue is backed by take-or-pay contracts where shippers paid for firm capacity even during low throughput; firm fee income accounted for roughly 60%-65% of total EBITDA in 2024-2025, giving strong cashflow visibility and protecting dividends.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e~60%-65% of EBITDA from firm fees (2024-25)\u003c\/li\u003e\n\u003cli\u003eRevenue certainty lowers payout volatility\u003c\/li\u003e\n\u003cli\u003eShields cashflow when upstream output falls\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eStorage and Terminaling Income\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003ePembina earns storage and terminaling fees by leasing tank and loading capacity and offering inventory management, earning about C$255 million in midstream service revenue in 2024, which softens commodity cyclicality when producers need space during oversupply.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eStorage\/terminal fees: predictable cash flow\u003c\/li\u003e\n\u003cli\u003eInventory management: service premium during gluts\u003c\/li\u003e\n\u003cli\u003e2024 midstream services revenue: ~C$255M\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eStable, fee‑backed midstream revenues: C$3.1B tolls, 60-65% take‑or‑pay EBITDA\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eCore revenues: transportation tolls (~C$3.1B segment revenue in 2024), midstream service fees (≈42% of adjusted EBITDA in 2024), marketing\/optimization (C$129M in 2024); ~60-65% of EBITDA backed by take‑or‑pay firm fees in 2024-25; storage\/terminal fees ~C$255M in 2024.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eStream\u003c\/th\u003e\n\u003cth\u003e2024 value\u003c\/th\u003e\n\u003cth\u003eNotes\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eTolls\u003c\/td\u003e\n\u003ctd\u003eC$3.1B\u003c\/td\u003e\n\u003ctd\u003eFee‑for‑service, stable\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eMidstream services\u003c\/td\u003e\n\u003ctd\u003e42% EBITDA\u003c\/td\u003e\n\u003ctd\u003eHigh margin, LTAs\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eMarketing\u003c\/td\u003e\n\u003ctd\u003eC$129M\u003c\/td\u003e\n\u003ctd\u003eVolatile\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eStorage\u003c\/td\u003e\n\u003ctd\u003eC$255M\u003c\/td\u003e\n\u003ctd\u003ePredictable\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFirm fees\u003c\/td\u003e\n\u003ctd\u003e60-65% EBITDA\u003c\/td\u003e\n\u003ctd\u003eTake‑or‑pay\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e","brand":"VRIO Analysis","offers":[{"title":"Default Title","offer_id":57515370479948,"sku":"pembina-business-model-canvas","price":10.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1056\/0356\/3852\/files\/pembina-canvas-business-model.webp?v=1778637985","url":"https:\/\/vrio-analysis.com\/products\/pembina-business-model-canvas","provider":"VRIO Analysis","version":"1.0","type":"link"}