Plains All American Pipeline (PAA) Asset Utilization Ratio (2009 - 2026)
Plains All American Pipeline's Asset Utilization Ratio came in at 1.90 for Q3 2026, up 15.1% from 1.66 a year earlier and up 10.8% from the prior quarter.
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Analysis
Plains All American Pipeline (PAA) Asset Utilization Ratio (2009 - 2026) Analysis & Trends
For FY2025, Plains All American Pipeline's Asset Utilization Ratio was 1.56, down 14.0% from FY2024.
- Going back by year, Asset Utilization Ratio was 1.81 in FY2024 (+5.8%), 1.71 in FY2023 (-15.6%), 2.03 in FY2022 (+28.1%) and 1.58 in FY2021 (+80.9%).
- The Q3 2026 figure represents the highest quarterly Asset Utilization Ratio since Q1 2023.
- Year-over-year, Asset Utilization Ratio increased in three of the last eight quarters, with an average decline of 2.0%.
- The fastest year-over-year change in Asset Utilization Ratio over five years came in Q1 2022 (growth of 70.3%), and the weakest in Q1 2026 (a decline of 19.4%).
- Business Quant data shows PAA's Asset Utilization Ratio at 1.72 (Q2 2026), 1.46 (Q1 2026) and 1.52 (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 106.26 Bn | 104.14 Bn | 4.35 Bn | 0.39 |
| 2 | Williams Companies | 86.41 Bn | 89.20 Bn | 2.59 Bn | 0.19 |
| 3 | Enterprise Products Partners | 82.58 Bn | 80.98 Bn | 14.00 Mn | 0.78 |
| 4 | Kinder Morgan | 71.13 Bn | 71.22 Bn | 2.97 Bn | 0.25 |
| 5 | Tc Energy | 67.40 Bn | 71.05 Bn | - | - |
| 6 | Energy Transfer | 66.89 Bn | 62.98 Bn | 6.57 Bn | 0.84 |
| 7 | Targa Resources | 63.77 Bn | 62.98 Bn | 2.02 Bn | 0.63 |
| 8 | Cheniere Energy | 63.04 Bn | 62.60 Bn | 2.97 Bn | 0.48 |
| 9 | Mplx | 58.00 Bn | 52.25 Bn | 3.19 Bn | 0.30 |
| 10 | Plains All American Pipeline | 17.30 Bn | 18.05 Bn | 1.14 Bn | 1.90 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.90 |
| Jun 30, 2026 | 1.72 |
| 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 |
API Access
Plains All American Pipeline Asset Utilization Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=PAA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-utilization-ratio", "ticker": "PAA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=PAA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();