Plains All American Pipeline (PAA) Asset Utilization Ratio (2009 - 2026)
Plains All American Pipeline's (PAA) quarterly Asset Utilization Ratio came in at 1.46 in Q1 2026, down 19.42% year-on-year from 1.82 in Q1 2025, and down 3.6% quarter-over-quarter from 1.52 in Q4 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.
- On a quarterly basis, Asset Utilization Ratio fell 19.42% year-over-year to 1.46 in Q1 2026; TTM through Mar 2026 was 1.46, a 19.42% decrease from a year earlier, with the FY2025 full-year figure at 1.56, down 13.96% from the prior year.
- Asset Utilization Ratio declined to 1.46 in Q1 2026 per PAA's latest filing, from 1.52 in the prior quarter.
- Across five years, Asset Utilization Ratio topped out at 2.07 in Q4 2022 and bottomed at 1.46 in Q1 2026.
- The 5-year median for Asset Utilization Ratio is 1.76 (2024), against an average of 1.77.
- Across the five-year window, Asset Utilization Ratio surged 70.28% in 2022 and slipped 19.42% in 2026, its largest moves.
- Year by year, 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 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 0.33 |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | 0.13 |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 0.24 |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 0.31 |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 0.65 |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | - |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 0.49 |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 0.63 |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 0.52 |
| 10 | Plains All American Pipeline | 17.42 Bn | 17.25 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 |