Pembina Pipeline Corporation Just Beat Revenue By 11%: Here's What Analysts Think Will Happen Next

Pembina Pipeline Corporation (TSE:PPL) defied analyst predictions to release its quarterly results, which were ahead of market expectations. It was a positive result, with revenues and statutory earnings per share (EPS) both performing well. Revenues were 11% higher than the analysts had forecast, at CA$2.1b, while EPS of CA$0.80 beat analyst models by 7.6%. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

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Taking into account the latest results, the consensus forecast from Pembina Pipeline's seven analysts is for revenues of CA$8.74b in 2026. This reflects a meaningful 15% improvement in revenue compared to the last 12 months. Per-share earnings are expected to increase 9.7% to CA$2.93. In the lead-up to this report, the analysts had been modelling revenues of CA$7.97b and earnings per share (EPS) of CA$2.89 in 2026. So it looks like there's been no major change in sentiment following the latest results, although the analysts have made a small increase to to revenue forecasts.

View our latest analysis for Pembina Pipeline

Even though revenue forecasts increased, there was no change to the consensus price target of CA$63.44, suggesting the analysts are focused on earnings as the driver of value creation. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. There are some variant perceptions on Pembina Pipeline, with the most bullish analyst valuing it at CA$71.00 and the most bearish at CA$52.00 per share. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth.

Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. For example, we noticed that Pembina Pipeline's rate of growth is expected to accelerate meaningfully, with revenues forecast to exhibit 20% growth to the end of 2026 on an annualised basis. That is well above its historical decline of 3.3% a year over the past five years. Compare this against analyst estimates for the broader industry, which suggest that (in aggregate) industry revenues are expected to grow 3.9% annually. Not only are Pembina Pipeline's revenues expected to improve, it seems that the analysts are also expecting it to grow faster than the wider industry.

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The Bottom Line

The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Pleasantly, they also upgraded their revenue estimates, and their forecasts suggest the business is expected to grow faster than the wider industry. The consensus price target held steady at CA$63.44, with the latest estimates not enough to have an impact on their price targets.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have forecasts for Pembina Pipeline going out to 2028, and you can see them free on our platform here.

However, before you get too enthused, we've discovered 2 warning signs for Pembina Pipeline that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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