---
title: "RBC 表示，Pembina Pipeline 的新收费基础调整后每股 EBITDA 增长预期的低端是可以实现的"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/282086783.md"
description: "RBC 资本市场表示，Pembina Pipeline 的低端基于费用的调整后每股 EBITDA 增长前景是可实现的，这得益于保守的利润率假设。该公司预计到 2030 年将实现 5% 至 7% 的年复合增长率，得益于资产利用率的提高和新项目的推动。由于其 2026 年的压裂差价暴露有 65% 已对冲，RBC 对此 EBITDA 指引持积极看法。RBC 对 Pembina 维持 “跑赢大盘” 的评级，目标价为 64 加元（46.21 美元）"
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)
---

# RBC 表示，Pembina Pipeline 的新收费基础调整后每股 EBITDA 增长预期的低端是可以实现的

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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