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PBA vs. TPL: Pembina Pipeline vs. Texas Pacific Land Stock Comparison

How do Pembina Pipeline (PBA) and Texas Pacific Land (TPL) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Pembina Pipeline (PBA) and Texas Pacific Land (TPL) both belong to the Oil, Gas & Consumable Fuels industry, though PBA is classified under Oil & Gas Storage & Transportation while TPL falls under Oil & Gas Exploration & Production.

Company profile comparison for Pembina Pipeline (PBA) and Texas Pacific Land (TPL)
Profile ItemPBATPL
NamePembina Pipeline Corp.Texas Pacific Land Corporation
Country/RegionCanadaUnited States
GICS SectorEnergyEnergy
GICS Industry GroupEnergyEnergy
GICS IndustryOil, Gas & Consumable FuelsOil, Gas & Consumable Fuels
GICS Sub-IndustryOil & Gas Storage & TransportationOil & Gas Exploration & Production
Market Capitalization28.08 billion USD18.79 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateOctober 6, 2010March 17, 1980
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

PBA
TPL
GSPC
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Pembina Pipeline (PBA) vs. Texas Pacific Land (TPL), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Pembina Pipeline (PBA) and Texas Pacific Land (TPL). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Pembina Pipeline (PBA) and Texas Pacific Land (TPL). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Pembina Pipeline (PBA) and Texas Pacific Land (TPL)
MetricPBATPL
Total Return (1Y)35.84%-14.10%
Total Return (3Y, Annualized)20.26%16.13%
Total Return (5Y, Annualized)12.46%13.42%

Risk Profile

Drawdown History

PBA
TPL
GSPC
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Pembina Pipeline (PBA) vs. Texas Pacific Land (TPL), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Pembina Pipeline (PBA) and Texas Pacific Land (TPL). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Pembina Pipeline (PBA) and Texas Pacific Land (TPL)
MetricPBATPL
Volatility (1Y, Annualized)20.43%49.74%
Beta (5Y)0.590.62
Max Drawdown (5Y)-27.37%-52.50%
Avg. Volume (3M)993.87K380.93K

Risk-Adjusted Performance

Risk-Return Positioning

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PBA and TPL are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Pembina Pipeline (PBA) and Texas Pacific Land (TPL)
MetricPBATPL
Sharpe Ratio (1Y)1.54-0.37
Sortino Ratio (1Y)2.32-0.50

Profitability

ROE (TTM)

Texas Pacific Land (TPL) at 37.07% sits in the top ROE quartile, while Pembina Pipeline (PBA) at 12.10% is closer to the peer norm — stronger capital efficiency for TPL.

PBA

Energy industry group

12.10%

Max
53.85%
Q3
24.79%
Median
12.85%
PBA
12.10%
Q1
2.03%
Min
-29.09%

TPL

Energy industry group

37.07%

Max
53.85%
TPL
37.07%
Q3
24.79%
Median
12.85%
Q1
2.03%
Min
-29.09%
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Pembina Pipeline (PBA) vs. Texas Pacific Land (TPL): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

Texas Pacific Land (TPL) at 60.71% keeps the most of each sales dollar — above its industry’s net margin range — and Pembina Pipeline (PBA) at 24.78% also retains a top-quartile share.

PBA

Energy industry group

24.78%

Max
56.92%
PBA
24.78%
Q3
22.92%
Median
10.10%
Q1
0.07%
Min
-27.38%

TPL

Energy industry group

60.71%

TPL
60.71%
Max
56.92%
Q3
22.92%
Median
10.10%
Q1
0.07%
Min
-27.38%
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Pembina Pipeline (PBA) vs. Texas Pacific Land (TPL): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Texas Pacific Land (TPL) at 76.20% turns sales into operating profit above its industry’s benchmark range, while Pembina Pipeline (PBA) at 32.63% operates around its industry’s norm.

PBA

Energy industry group

32.63%

Max
71.31%
Q3
33.75%
PBA
32.63%
Median
18.73%
Q1
6.94%
Min
-24.52%

TPL

Energy industry group

76.20%

TPL
76.20%
Max
71.31%
Q3
33.75%
Median
18.73%
Q1
6.94%
Min
-24.52%
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Pembina Pipeline (PBA) vs. Texas Pacific Land (TPL): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Pembina Pipeline (PBA) and Texas Pacific Land (TPL)
MetricPBATPL
ROE (TTM)12.10%37.07%
ROA (TTM)4.65%26.08%
Net Margin (TTM)24.78%60.71%
Operating Margin (TTM)32.63%76.20%
Gross Margin (TTM)38.23%94.09%

Growth

Revenue Growth

Both Pembina Pipeline (PBA) at 5.34% and Texas Pacific Land (TPL) at 13.09% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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Pembina Pipeline (PBA) vs. Texas Pacific Land (TPL): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Pembina Pipeline (PBA) at -11.33% and Texas Pacific Land (TPL) at 6.04% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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Pembina Pipeline (PBA) vs. Texas Pacific Land (TPL): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Pembina Pipeline (PBA) and Texas Pacific Land (TPL)
MetricPBATPL
Revenue Growth (YoY)5.34%13.09%
Revenue Growth (3Y CAGR)-12.50%6.15%
EPS Growth (YoY)-11.33%6.04%
EPS Growth (3Y CAGR)-19.61%2.78%

Financial Strength

Current Ratio (MRQ)

Texas Pacific Land (TPL) at 5.41 carries current ratio above its industry’s typical mid-range, while Pembina Pipeline (PBA) at 0.75 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

PBA

Energy industry group

0.75

Max
3.64
Q3
2.21
Median
1.41
Q1
0.88
PBA
0.75
Min
0.24

TPL

Energy industry group

5.41

TPL
5.41
Max
3.64
Q3
2.21
Median
1.41
Q1
0.88
Min
0.24
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Pembina Pipeline (PBA) vs. Texas Pacific Land (TPL): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Texas Pacific Land (TPL) at 0.01 keeps leverage in the lower industry quartile, while Pembina Pipeline (PBA) at 0.80 runs a more typical debt-to-equity mix.

PBA

Energy industry group

0.80

Max
1.75
Q3
0.93
PBA
0.80
Median
0.54
Q1
0.30
Min
0.00

TPL

Energy industry group

0.01

Max
1.75
Q3
0.93
Median
0.54
Q1
0.30
TPL
0.01
Min
0.00
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Pembina Pipeline (PBA) vs. Texas Pacific Land (TPL): A comparison of their debt-to-equity ratio against the Energy industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Pembina Pipeline (PBA) and Texas Pacific Land (TPL)
MetricPBATPL
Current Ratio (MRQ)0.755.41
Debt / Equity (MRQ)0.800.01
Net Debt / EBITDA3.74-0.44

Dividends

Dividend Yield (TTM)

Pembina Pipeline (PBA) at 6.13% delivers top-quartile income for its industry, while Texas Pacific Land (TPL) at 0.86% pays a more typical yield — both are credible income propositions, PBA the richer one.

PBA

Energy industry group

6.13%

Max
8.57%
PBA
6.13%
Q3
3.58%
Median
1.71%
Q1
0.00%
Min
0.00%

TPL

Energy industry group

0.86%

Max
8.57%
Q3
3.58%
Median
1.71%
TPL
0.86%
Q1
0.00%
Min
0.00%
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Pembina Pipeline (PBA) vs. Texas Pacific Land (TPL): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Texas Pacific Land (TPL) at 27.42% pays out a band-typical share of earnings, while Pembina Pipeline (PBA) at 86.79% distributes more than its industry norm — less retained, thinner cover.

PBA

Energy industry group

86.79%

Max
133.24%
PBA
86.79%
Q3
53.31%
Median
25.24%
Q1
0.00%
Min
0.00%

TPL

Energy industry group

27.42%

Max
133.24%
Q3
53.31%
TPL
27.42%
Median
25.24%
Q1
0.00%
Min
0.00%
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Pembina Pipeline (PBA) vs. Texas Pacific Land (TPL): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Pembina Pipeline (PBA) and Texas Pacific Land (TPL)
MetricPBATPL
Dividend Yield (TTM)6.13%0.86%
Dividend Payout Ratio (TTM)86.79%27.42%

Valuation

P/E Ratio (TTM)

Pembina Pipeline (PBA) at 20.12 is near its industry’s usual P/E ratio, while Texas Pacific Land (TPL) at 32.00 sits in the richer quartile — TPL needs stronger growth or earnings quality to justify the premium.

PBA

Energy industry group

20.12

Max
39.54
Q3
21.72
PBA
20.12
Median
12.19
Q1
7.71
Min
2.99

TPL

Energy industry group

32.00

Max
39.54
TPL
32.00
Q3
21.72
Median
12.19
Q1
7.71
Min
2.99
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Pembina Pipeline (PBA) vs. Texas Pacific Land (TPL): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

Both look expensive on sales: Pembina Pipeline (PBA) at 3.36 sits in the upper P/S ratio quartile, and Texas Pacific Land (TPL) at 19.41 prices even higher, above its industry range.

PBA

Energy industry group

3.36

Max
5.40
PBA
3.36
Q3
2.85
Median
1.69
Q1
0.88
Min
0.00

TPL

Energy industry group

19.41

TPL
19.41
Max
5.40
Q3
2.85
Median
1.69
Q1
0.88
Min
0.00
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Pembina Pipeline (PBA) vs. Texas Pacific Land (TPL): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

Both look rich against book: Pembina Pipeline (PBA) at 2.55 sits in the upper P/B ratio quartile, and Texas Pacific Land (TPL) at 10.42 prices even higher, above its industry range.

PBA

Energy industry group

2.55

Max
4.21
PBA
2.55
Q3
2.38
Median
1.51
Q1
1.08
Min
0.01

TPL

Energy industry group

10.42

TPL
10.42
Max
4.21
Q3
2.38
Median
1.51
Q1
1.08
Min
0.01
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Pembina Pipeline (PBA) vs. Texas Pacific Land (TPL): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Pembina Pipeline (PBA) and Texas Pacific Land (TPL)
MetricPBATPL
P/E Ratio (TTM)20.1232.00
P/S Ratio (TTM)3.3619.41
P/B Ratio (MRQ)2.5510.42
Free Cash Flow Yield (TTM)5.53%0.43%