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
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