Pembina Announces 2026 Guidance, Agreement for Cedar Capacity, and Business Update

December 15, 2025 — Leads & Copy — Pembina Pipeline Corporation (TSX: PPL; NYSE: PBA) has announced its 2026 financial guidance, a commercial agreement for Cedar LNG capacity, and an expansion of the Peace Pipeline System. Adjusted EBITDA is expected to increase by approximately four percent to between $4.125 billion and $4.425 billion, the midpoint of which represents 2023 to 2026 fee-based adjusted EBITDA per share compound annual growth of approximately five percent.

A 12-year agreement with Ovintiv Inc. has been signed for 0.5 million tonnes per annum at the Cedar LNG facility. An expansion of the Peace Pipeline System has also been approved to increase propane-plus market delivery capacity into the Namao, Alberta hub.

Sarah Schwann has been appointed Chief Legal, People, & Corporate Affairs Officer.

Contact:

Investor Relations

(403) 231-3156

Toll-free: 1-888-428-3222

e-mail: investor-relations@pembina.com

Source: Pembina Pipeline Corporation

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