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
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