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
DateValue
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