Plains All American Pipeline (PAA) Asset Utilization Ratio (2009 - 2026)
Plains All American Pipeline (PAA) recorded quarterly Asset Utilization Ratio of 1.46 in Q1 2026, down 3.6% quarter-over-quarter from 1.52 in Q4 2025, and down 19.42% on a YoY basis from 1.82 in Q1 2025.
Plains All American Pipeline (PAA) Asset Utilization Ratio (2009 - 2026) Analysis & Trends
Plains All American Pipeline's Asset Utilization Ratio history runs 18 years deep, the most recent figure standing at 1.46 for Q1 2026.
- In Q1 2026, Asset Utilization Ratio fell 19.42% year-over-year to 1.46; the TTM figure through Mar 2026 stood at 1.46 (down 19.42% YoY), while the FY2025 annual figure was 1.56, down 13.96% from the prior year.
- Asset Utilization Ratio was 1.46 for Q1 2026 at Plains All American Pipeline, down from 1.52 in the prior quarter.
- In the past five years, Asset Utilization Ratio ranged from a high of 2.07 in Q4 2022 to a low of 1.46 in Q1 2026.
- Historically, Asset Utilization Ratio has averaged 1.77 across 5 years, with a median of 1.76 in 2024.
- The sharpest annual moves came in 2022 and 2026: Asset Utilization Ratio soared 70.28% in 2022, then retreated 19.42% in 2026.
- A 5-year view of Asset Utilization Ratio shows it 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.
- The last three Asset Utilization Ratio figures came in at 1.46 (Q1 2026), 1.52 (Q4 2025), and 1.66 (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 0.31 |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 0.65 |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 0.24 |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 0.49 |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | - |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 0.21 |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 0.63 |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 0.52 |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | - |
| 10 | Plains All American Pipeline | 15.89 Bn | 15.72 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 |