• Pembina Pipeline average operating margin for 2023 was 29.27%, a 7.18% decline from 2022.
• Pembina Pipeline average operating margin for 2022 was 27.31%, a 285.73% increase from 2021.
• Pembina Pipeline average operating margin for 2021 was 7.08%, a 69.4% increase from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.