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

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).