Plains All American Pipeline (PAA) Asset Utilization Ratio (2009 - 2026)
Plains All American Pipeline (PAA) posted Asset Utilization Ratio of 1.46 for Q1 2026, down 3.6% on a QoQ basis from 1.52 in Q4 2025, and down 19.42% year-on-year from 1.82 in Q1 2025.
Plains All American Pipeline (PAA) Asset Utilization Ratio (2009 - 2026) Analysis & Trends
Plains All American Pipeline has disclosed Asset Utilization Ratio across 18 years of filings, most recently posting 1.46 for Q1 2026.
- Asset Utilization Ratio for Q1 2026 came in at 1.46, down 19.42% year-over-year; the trailing twelve-month figure through Mar 2026 was 1.46 (down 19.42% YoY), and the FY2025 annual result was 1.56, down 13.96% from the prior year.
- Asset Utilization Ratio came in at 1.46 for Q1 2026 at Plains All American Pipeline, down from 1.52 in the prior quarter.
- Over the last five years, Asset Utilization Ratio for PAA reached as high as 2.07 in Q4 2022 and fell as low as 1.46 in Q1 2026.
- Median Asset Utilization Ratio over the past 5 years was 1.76 (2024), compared with a mean of 1.77.
- Year-over-year, Asset Utilization Ratio jumped 70.28% in 2022 and decreased 19.42% in 2026.
- Over 5 years, Asset Utilization Ratio stood at 2.07 in 2022, then dropped by 17.06% to 1.72 in 2023, then rose by 5.92% to 1.82 in 2024, then slipped by 16.54% to 1.52 in 2025, then retreated by 3.6% to 1.46 in 2026.
- Per Business Quant, the three latest PAA Asset Utilization Ratio figures stand at 1.46 (Q1 2026), 1.52 (Q4 2025), and 1.66 (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 0.31 |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 0.24 |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 0.65 |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 0.49 |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 0.63 |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 0.21 |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 0.52 |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 0.66 |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 0.28 |
| 10 | Plains All American Pipeline | 15.72 Bn | 15.54 Bn | 977.00 Mn | 1.46 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.46 |
| Dec 31, 2025 | 1.52 |
| Sep 30, 2025 | 1.66 |
| Jun 30, 2025 | 1.72 |
| Mar 31, 2025 | 1.82 |
| Dec 31, 2024 | 1.82 |
| Sep 30, 2024 | 1.76 |
| Jun 30, 2024 | 1.74 |
| Mar 31, 2024 | 1.70 |
| Dec 31, 2023 | 1.72 |
| Sep 30, 2023 | 1.79 |
| Jun 30, 2023 | 1.89 |
| Mar 31, 2023 | 2.02 |
| Dec 31, 2022 | 2.07 |
| Sep 30, 2022 | 2.04 |
| Jun 30, 2022 | 1.81 |
| Mar 31, 2022 | 1.60 |
| Dec 31, 2021 | 1.59 |
| Sep 30, 2021 | 1.41 |
| Jun 30, 2021 | 1.19 |