---
title: "Pembina Pipeline's Low-End of New Fee-Based Adjusted EBITDA Per Share Growth Outlook 'Deliverable,' RBC Says"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282086783.md"
description: "RBC Capital Markets has stated that Pembina Pipeline's low-end fee-based adjusted EBITDA per share growth outlook is achievable, supported by conservative margin assumptions. The company anticipates a 5% to 7% compound annual growth rate through 2030, aided by increased asset utilization and new projects. With 65% of its 2026 frac spread exposure hedged, RBC views this positively for EBITDA guidance. RBC maintains an outperform rating on Pembina with a price target of 64 CAD ($46.21)."
datetime: "2026-04-08T18:55:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282086783.md)
  - [en](https://longbridge.com/en/news/282086783.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282086783.md)
---

# Pembina Pipeline's Low-End of New Fee-Based Adjusted EBITDA Per Share Growth Outlook 'Deliverable,' RBC Says

02:55 PM EDT, 04/08/2026 (MT Newswires) -- Pembina Pipeline's ( PBA ) low-end of the new fee-based adjusted earnings before interest, taxes, depreciation and amortization per share compound annual growth rate outlook is "deliverable," given the company's conservative margin assumptions, RBC Capital Markets said in a Wednesday note.

RBC said that Pembina's "well-established" platform and funding plan further position the company to deliver the upper-end of its guidance range, thus, also improving the market's perception of the company's stock.

On Tuesday, Pembina Pipeline ( PBA ) said it expects compound annual growth of 5% to 7% in fee-based adjusted EBITDA per share through 2030, supported by higher utilization of existing assets and contributions from projects entering service, among others.

With Pembina hedging about 65% of its 2026 frac spread exposure, RBC said it sees this as being "directionally positive" to the company's EBITDA guidance for the year.

RBC maintained its outperform rating on Pembina Pipeline ( PBA ) with a price target of 64 Canadian dollars ($46.21).

Price: 44.10, Change: -0.52, Percent Change: -1.17

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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