Pembina Pipeline Corp. Ordinary Shares (Canada) (PBA) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, thank you for joining us and welcome to Pembina Pipeline Corporation Q1 2026 results. After today's prepared remarks, we will host a question and answer session. If you would like to ask a question, please press star 1 to raise your hand. To withdraw your question, press star 1 again. I will now hand the conference over to Dan Tucanel, Vice President, Capital Markets. Dan, please go ahead. Thank you, Jen. Good morning, everyone. Welcome to Pembina's conference call and webcast to review highlights from the first quarter of 2026. On the call today, we have Scott Burrows, President and Chief Executive Officer, and Cameron Golding, Chief Financial Officer, along with other members of Pembina's leadership team. I would like to remind you that some of the comments made today may be forward-looking in nature and are based on Pembina's current expectations, estimates, judgments, and projections. Forward-looking statements we may express or imply today are subject to risks and uncertainties, which could cause actual results to differ materially from expectations. Further, some of the information provided refers to non-GAAP measures. To learn more about these forward-looking statements and non-GAAP measures, please see Pembina Management's discussion and analysis, dated May 7, 2026, for the period ended March 31, 2026, as well as the press release we issued yesterday. all of which are available online at Pemina.com and on both CDAR Plus and EDGAR. I will now turn things over to Scott. Thanks, Dan. Yesterday, we reported first quarter results, which were highlighted by adjusted EBITDA of $1.131 billion. It was a strong start to 2026, operationally, commercially, and financially. The fee-based business is tracking to plan, and overall results are outperfor...