RFS IV entered service in late May, adding 55,000 bpd of propane-plus fractionation capacity at Redwater; total fractionation capacity is now about 256,000 bpd.
Pembina sanctioned about $3 billion (net) of new growth projects, including the Greenlight Electricity Centre and the Heartland Extraction Plant.
2026 adjusted EBITDA guidance (non-GAAP) was reiterated at $4.35 billion to $4.55 billion, with results trending toward the midpoint.
Q2 earnings, revenue and cash flow rise
Pembina Pipeline posted Q2 2026 earnings of $512 million, up 23% from a year earlier; revenue climbed 20.09% to $2.15 billion.
Adjusted EBITDA (non-GAAP) rose 5.03% to $1.06 billion; adjusted cash flow from operating activities (non-GAAP) increased 11.46% to $778 million.
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