PEMBINA PIPELINE CORP

Ticker: PBA CUSIP: 706327103 Class: Common Stock

Recurrent Investment Advisors LLC's Holding History (CIK: 0001803146)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 1,490,143 Value ($000) $56,951 Avg Close $38.46 Range $36.39 - $42.40

Q3 2025

Shares 1,699,083 Value ($000) $69,007 Avg Close $37.73 Range $35.45 - $40.89

Q2 2025

Shares 1,851,164 Value ($000) $69,663 Avg Close $37.32 Range $33.67 - $40.52

Q1 2025

Shares 1,982,211 Value ($000) $79,639 Avg Close $36.64 Range $33.86 - $40.15

Q4 2024

Shares 1,621,868 Value ($000) $60,182 Avg Close $39.30 Range $34.81 - $41.79

Q3 2024

Shares 1,637,910 Value ($000) $67,994 Avg Close $37.23 Range $34.96 - $40.00

Q2 2024

Shares 1,596,628 Value ($000) $59,654 Avg Close $33.95 Range $31.71 - $35.58

Q1 2024

Shares 1,421,035 Value ($000) $50,643 Avg Close $31.94 Range $30.32 - $33.43

Q4 2023

Shares 1,345,011 Value ($000) $46,295 Avg Close $29.27 Range $25.64 - $32.14

Q3 2023

Shares 1,212,978 Value ($000) $36,869 Avg Close $27.70 Range $26.75 - $28.61

Q2 2023

Shares 1,062,940 Value ($000) $33,805 Avg Close $28.25 Range $26.53 - $30.15

Q1 2023

Shares 965,696 Value ($000) $31,289 Avg Close $29.42 Range $26.10 - $31.98

Q4 2022

Shares 853,964 Value ($000) $28,992 Avg Close $28.92 Range $25.40 - $31.95

Q3 2022

Shares 716,309 Value ($000) $21,754 Avg Close $30.32 Range $25.90 - $32.54

Q2 2022

Shares 602,143 Value ($000) $21,286 Avg Close $32.30 Range $27.77 - $35.96

Q1 2022

Shares 511,099 Value ($000) $19,217 Avg Close $27.96 Range $24.42 - $31.87

Q4 2021

Shares 496,999 Value ($000) $15,074 Avg Close $25.94 Range $23.62 - $28.14

Q3 2021

Shares 448,999 Value ($000) $14,229 Avg Close $25.30 Range $23.73 - $26.83

Q2 2021

Shares 374,756 Value ($000) $11,906 Avg Close $24.77 Range $22.42 - $27.14

Q1 2021

Shares 317,316 Value ($000) $9,151 Avg Close $21.56 Range $18.36 - $24.11

Q4 2020

Shares 299,612 Value ($000) $7,089 Avg Close $17.88 Range $15.27 - $20.94

Q3 2020

Shares 257,568 Value ($000) $5,468 Avg Close $18.31 Range $15.50 - $20.19

Q2 2020

Shares 253,476 Value ($000) $6,337 Avg Close $16.93 Range $11.94 - $21.10

Q1 2020

Shares 165,000 Value ($000) $3,104 Avg Close $23.51 Range $7.59 - $29.07

Q4 2019

Shares 124,572 Value ($000) $4,617 Avg Close $25.28 Range $24.27 - $26.53

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	1,490,143	$56,951	$38.46	$36.39 - $42.40
Q3 2025	1,699,083	$69,007	$37.73	$35.45 - $40.89
Q2 2025	1,851,164	$69,663	$37.32	$33.67 - $40.52
Q1 2025	1,982,211	$79,639	$36.64	$33.86 - $40.15
Q4 2024	1,621,868	$60,182	$39.30	$34.81 - $41.79
Q3 2024	1,637,910	$67,994	$37.23	$34.96 - $40.00
Q2 2024	1,596,628	$59,654	$33.95	$31.71 - $35.58
Q1 2024	1,421,035	$50,643	$31.94	$30.32 - $33.43
Q4 2023	1,345,011	$46,295	$29.27	$25.64 - $32.14
Q3 2023	1,212,978	$36,869	$27.70	$26.75 - $28.61
Q2 2023	1,062,940	$33,805	$28.25	$26.53 - $30.15
Q1 2023	965,696	$31,289	$29.42	$26.10 - $31.98
Q4 2022	853,964	$28,992	$28.92	$25.40 - $31.95
Q3 2022	716,309	$21,754	$30.32	$25.90 - $32.54
Q2 2022	602,143	$21,286	$32.30	$27.77 - $35.96
Q1 2022	511,099	$19,217	$27.96	$24.42 - $31.87
Q4 2021	496,999	$15,074	$25.94	$23.62 - $28.14
Q3 2021	448,999	$14,229	$25.30	$23.73 - $26.83
Q2 2021	374,756	$11,906	$24.77	$22.42 - $27.14
Q1 2021	317,316	$9,151	$21.56	$18.36 - $24.11
Q4 2020	299,612	$7,089	$17.88	$15.27 - $20.94
Q3 2020	257,568	$5,468	$18.31	$15.50 - $20.19
Q2 2020	253,476	$6,337	$16.93	$11.94 - $21.10
Q1 2020	165,000	$3,104	$23.51	$7.59 - $29.07
Q4 2019	124,572	$4,617	$25.28	$24.27 - $26.53