• Pembina Pipeline average return on tangible equity for 2023 was 21.22, a 8.06% decline from 2022.
• Pembina Pipeline average return on tangible equity for 2022 was 23.08, a 2185.15% decline from 2021.
• Pembina Pipeline average return on tangible equity for 2021 was 1.01, a 85.87% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.