PBA vs. VG: Pembina Pipeline vs. Venture Global Stock Comparison

November 11, 2026

How do Pembina Pipeline (PBA) and Venture Global (VG) 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 Venture Global (VG) both belong to the Oil, Gas & Consumable Fuels industry, though PBA is classified under Oil & Gas Storage & Transportation while VG falls under Oil & Gas Exploration & Production.

Pembina Pipeline (PBA) has been public since October 6, 2010, giving it a longer listed trading history, while Venture Global (VG) listed on January 24, 2025 and still has a shorter public-market record.

Company profile comparison for Pembina Pipeline (PBA) and Venture Global (VG)
Profile Item	PBA	VG
Name	Pembina Pipeline Corp.	Venture Global Inc. Class A
Country/Region	Canada	United States
GICS Sector	Energy	Energy
GICS Industry Group	Energy	Energy
GICS Industry	Oil, Gas & Consumable Fuels	Oil, Gas & Consumable Fuels
GICS Sub-Industry	Oil & Gas Storage & Transportation	Oil & Gas Exploration & Production
Market Capitalization	28.08 billion USD	28.83 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	October 6, 2010	January 24, 2025
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

PBA

GSPC

Pembina Pipeline (PBA) vs. Venture Global (VG), 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 Venture Global (VG). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Pembina Pipeline (PBA) and Venture Global (VG). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Pembina Pipeline (PBA) and Venture Global (VG)
Metric	PBA	VG
Total Return (1Y)	35.84%	49.08%
Total Return (3Y, Annualized)	20.26%	--
Total Return (5Y, Annualized)	12.46%	--

Risk Profile

Drawdown History

PBA

GSPC

Pembina Pipeline (PBA) vs. Venture Global (VG), 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 Venture Global (VG). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Venture Global (VG) is heavily traded at around 14.78M shares per day, whereas Pembina Pipeline (PBA) sees a more moderate 993.87K — larger orders in the latter may require more patience and tighter control over order sizing.

Risk profile metrics for Pembina Pipeline (PBA) and Venture Global (VG)
Metric	PBA	VG
Volatility (1Y, Annualized)	20.43%	75.79%
Beta (5Y)	0.59	0.48
Max Drawdown (5Y)	-27.37%	-75.16%
Avg. Volume (3M)	993.87K	14.78M

Risk-Adjusted Performance

Risk-Return Positioning

PBA and VG 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 Venture Global (VG)
Metric	PBA	VG
Sharpe Ratio (1Y)	1.54	0.59
Sortino Ratio (1Y)	2.32	0.90

Profitability

ROE (TTM)

Venture Global (VG) at 33.64% sits in the top ROE quartile, while Pembina Pipeline (PBA) at 12.10% is closer to the peer norm — stronger capital efficiency for VG.

PBA

Energy industry group

12.10%

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

VG

Energy industry group

33.64%

Max: 53.85%
VG: 33.64%
Q3: 24.79%
Median: 12.85%
Q1: 2.03%
Min: -29.09%

Pembina Pipeline (PBA) vs. Venture Global (VG): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

Pembina Pipeline (PBA) at 24.78% retains a top-quartile share of revenue as profit, ahead of Venture Global (VG) at 22.05%, which keeps about the industry-typical 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%

VG

Energy industry group

22.05%

Max: 56.92%
Q3: 22.92%
VG: 22.05%
Median: 10.10%
Q1: 0.07%
Min: -27.38%

Pembina Pipeline (PBA) vs. Venture Global (VG): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Venture Global (VG) at 47.79% operates in the top operating margin quartile, ahead of Pembina Pipeline (PBA) at 32.63%, which runs 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%

VG

Energy industry group

47.79%

Max: 71.31%
VG: 47.79%
Q3: 33.75%
Median: 18.73%
Q1: 6.94%
Min: -24.52%

Pembina Pipeline (PBA) vs. Venture Global (VG): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Pembina Pipeline (PBA) and Venture Global (VG)
Metric	PBA	VG
ROE (TTM)	12.10%	33.64%
ROA (TTM)	4.65%	7.38%
Net Margin (TTM)	24.78%	22.05%
Operating Margin (TTM)	32.63%	47.79%
Gross Margin (TTM)	38.23%	46.92%

Growth

Revenue Growth

Venture Global (VG) at 176.93% clears its industry range for revenue growth, far stronger top-line momentum than Pembina Pipeline (PBA) at 5.34%, which is closer to a typical peer reading.

Pembina Pipeline (PBA) vs. Venture Global (VG): A comparison of their Revenue Growth across different time periods.

EPS Growth

Venture Global (VG) at 41.08% sits in the top EPS growth quartile, while Pembina Pipeline (PBA) at -11.33% is closer to the peer norm — faster per-share earnings growth for VG.

Pembina Pipeline (PBA) vs. Venture Global (VG): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Pembina Pipeline (PBA) and Venture Global (VG)
Metric	PBA	VG
Revenue Growth (YoY)	5.34%	176.93%
Revenue Growth (3Y CAGR)	-12.50%	28.77%
EPS Growth (YoY)	-11.33%	41.08%
EPS Growth (3Y CAGR)	-19.61%	6.05%

Financial Strength

Current Ratio (MRQ)

Venture Global (VG) at 1.19 keeps current ratio within its industry’s typical mid-range, while Pembina Pipeline (PBA) at 0.75 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for PBA.

PBA

Energy industry group

0.75

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

VG

Energy industry group

1.19

Max: 3.64
Q3: 2.21
Median: 1.41
VG: 1.19
Q1: 0.88
Min: 0.24

Pembina Pipeline (PBA) vs. Venture Global (VG): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Pembina Pipeline (PBA) at 0.80 is near its industry mid-range for debt-to-equity ratio, while Venture Global (VG) at 3.55 sits above its benchmark range, pointing to a heavier debt load relative to equity.

PBA

Energy industry group

0.80

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

VG

Energy industry group

3.55

VG: 3.55
Max: 1.75
Q3: 0.93
Median: 0.54
Q1: 0.30
Min: 0.00

Pembina Pipeline (PBA) vs. Venture Global (VG): 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 Venture Global (VG)
Metric	PBA	VG
Current Ratio (MRQ)	0.75	1.19
Debt / Equity (MRQ)	0.80	3.55
Net Debt / EBITDA	3.74	5.40

Dividends

Dividend Yield (TTM)

Pembina Pipeline (PBA) at 6.13% delivers top-quartile income for its industry, while Venture Global (VG) at 0.61% 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%

VG

Energy industry group

0.61%

Max: 8.57%
Q3: 3.58%
Median: 1.71%
VG: 0.61%
Q1: 0.00%
Min: 0.00%

Pembina Pipeline (PBA) vs. Venture Global (VG): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Venture Global (VG) at 5.51% 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%

VG

Energy industry group

5.51%

Max: 133.24%
Q3: 53.31%
Median: 25.24%
VG: 5.51%
Q1: 0.00%
Min: 0.00%

Pembina Pipeline (PBA) vs. Venture Global (VG): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Pembina Pipeline (PBA) and Venture Global (VG)
Metric	PBA	VG
Dividend Yield (TTM)	6.13%	0.61%
Dividend Payout Ratio (TTM)	86.79%	5.51%

Valuation

P/E Ratio (TTM)

Both Pembina Pipeline (PBA) at 20.12 and Venture Global (VG) at 9.08 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

PBA

Energy industry group

20.12

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

VG

Energy industry group

9.08

Max: 39.54
Q3: 21.72
Median: 12.19
VG: 9.08
Q1: 7.71
Min: 2.99

Pembina Pipeline (PBA) vs. Venture Global (VG): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

Venture Global (VG) at 1.70 is priced about in line with its industry on P/S ratio, while Pembina Pipeline (PBA) at 3.36 sits in the pricier quartile — PBA costs more per dollar of sales.

PBA

Energy industry group

3.36

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

VG

Energy industry group

1.70

Max: 5.40
Q3: 2.85
VG: 1.70
Median: 1.69
Q1: 0.88
Min: 0.00

Pembina Pipeline (PBA) vs. Venture Global (VG): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

Both Pembina Pipeline (PBA) at 2.55 and Venture Global (VG) at 3.36 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.

PBA

Energy industry group

2.55

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

VG

Energy industry group

3.36

Max: 4.21
VG: 3.36
Q3: 2.38
Median: 1.51
Q1: 1.08
Min: 0.01

Pembina Pipeline (PBA) vs. Venture Global (VG): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Pembina Pipeline (PBA) and Venture Global (VG)
Metric	PBA	VG
P/E Ratio (TTM)	20.12	9.08
P/S Ratio (TTM)	3.36	1.70
P/B Ratio (MRQ)	2.55	3.36
Free Cash Flow Yield (TTM)	5.53%	-29.96%