Plains All American Pipeline (PAA) Cost of Revenue (2009 - 2026)
Plains All American Pipeline (PAA) posted quarterly Cost of Revenue of $11.5 billion for Q1 2026, up 9.28% year-over-year from $10.5 billion in Q1 2025, and up 20.08% quarter-over-quarter from $9.6 billion in Q4 2025.
Plains All American Pipeline (PAA) Cost of Revenue (2009 - 2026) Analysis & Trends
Plains All American Pipeline's Cost of Revenue history runs 18 years deep, the most recent figure standing at $11.5 billion for Q1 2026.
- In Q1 2026, Cost of Revenue rose 9.28% year-over-year to $11.5 billion; the TTM figure through Mar 2026 stood at $41.4 billion (down 7.93% YoY), while the FY2025 annual figure was $40.4 billion, down 10.47% from the prior year.
- Cost of Revenue for Q1 2026 stood at $11.5 billion, up from $9.6 billion in the prior quarter.
- The five-year high for Cost of Revenue was $15.3 billion in Q2 2022, with the low at $9.6 billion in Q4 2025.
- The 5-year median for Cost of Revenue is $11.1 billion (2023), against an average of $11.4 billion.
- The sharpest annual moves came in 2022 and 2023: Cost of Revenue jumped 72.96% in 2022, then plunged 31.19% in 2023.
- Plains All American Pipeline's Cost of Revenue stood at $12.0 billion in 2022, then declined by 8.59% to $11.0 billion in 2023, then grew by 1.01% to $11.1 billion in 2024, then declined by 13.59% to $9.6 billion in 2025, then increased by 20.08% to $11.5 billion in 2026.
- Business Quant data shows PAA's Cost of Revenue at $11.5 billion in Q1 2026, $9.6 billion in Q4 2025, and $10.6 billion in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 1.41 Bn |
| 2 | Enbridge | 111.07 Bn | 109.57 Bn | 5.23 Bn | 15.96 Bn |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | - |
| 4 | Energy Transfer | 72.38 Bn | 71.35 Bn | 7.40 Bn | 26.94 Bn |
| 5 | Tc Energy | 65.96 Bn | 58.40 Bn | 1.24 Bn | 52.77 Mn |
| 6 | Oneok | 60.08 Bn | 59.92 Bn | 2.81 Bn | 9.24 Bn |
| 7 | Mplx | 60.06 Bn | 59.03 Bn | 2.73 Bn | 587.00 Mn |
| 8 | Targa Resources | 59.31 Bn | 59.18 Bn | 2.14 Bn | 2.30 Bn |
| 9 | Cheniere Energy | 56.08 Bn | 54.82 Bn | 5.29 Bn | 439.00 Mn |
| 10 | Plains All American Pipeline | 16.79 Bn | 15.73 Bn | 1.14 Bn | 16.56 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 16.56 Bn |
| Jun 30, 2026 | 16.56 Bn |
| Mar 31, 2026 | 11.49 Bn |
| Mar 31, 2026 | 11.49 Bn |
| Dec 31, 2025 | 9.57 Bn |
| Dec 31, 2025 | 9.57 Bn |
| Sep 30, 2025 | 10.59 Bn |
| Sep 30, 2025 | 10.59 Bn |
| Jun 30, 2025 | 9.76 Bn |
| Jun 30, 2025 | 9.76 Bn |
| Mar 31, 2025 | 10.52 Bn |
| Mar 31, 2025 | 10.52 Bn |
| Dec 31, 2024 | 11.08 Bn |
| Dec 31, 2024 | 11.08 Bn |
| Sep 30, 2024 | 11.54 Bn |
| Sep 30, 2024 | 11.54 Bn |
| Jun 30, 2024 | 11.84 Bn |
| Jun 30, 2024 | 11.84 Bn |
| Mar 31, 2024 | 10.92 Bn |
| Mar 31, 2024 | 10.92 Bn |