Plains All American Pipeline (PAA) Cost of Revenue (2009 - 2026)
Plains All American Pipeline (PAA) posted Cost of Revenue of $11.5 billion for Q1 2026, up 20.08% on a QoQ basis from $9.6 billion in Q4 2025, and up 9.28% year-on-year from $10.5 billion in Q1 2025.
Plains All American Pipeline (PAA) Cost of Revenue (2009 - 2026) Analysis & Trends
Plains All American Pipeline has disclosed Cost of Revenue across 18 years of filings, most recently posting $11.5 billion for Q1 2026.
- Cost of Revenue for Q1 2026 came in at $11.5 billion, up 9.28% year-over-year; the trailing twelve-month figure through Mar 2026 was $41.4 billion (down 7.93% YoY), and the FY2025 annual result was $40.4 billion, down 10.47% from the prior year.
- Cost of Revenue came in at $11.5 billion for Q1 2026 at Plains All American Pipeline, up from $9.6 billion in the prior quarter.
- Over the last five years, Cost of Revenue for PAA reached as high as $15.3 billion in Q2 2022 and fell as low as $9.6 billion in Q4 2025.
- Median Cost of Revenue over the past 5 years was $11.1 billion (2023), compared with a mean of $11.4 billion.
- Year-over-year, Cost of Revenue soared 72.96% in 2022 and plunged 31.19% in 2023.
- Over 5 years, Cost of Revenue stood at $12.0 billion in 2022, then fell by 8.59% to $11.0 billion in 2023, then increased by 1.01% to $11.1 billion in 2024, then fell by 13.59% to $9.6 billion in 2025, then rose by 20.08% to $11.5 billion in 2026.
- Per Business Quant, the three latest PAA Cost of Revenue figures stand at $11.5 billion (Q1 2026), $9.6 billion (Q4 2025), and $10.6 billion (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 9.60 Bn |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 1.75 Bn |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | - |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 21.15 Bn |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 2.39 Bn |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 498.00 Mn |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 7.05 Bn |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 2.76 Bn |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 270.00 Mn |
| 10 | Plains All American Pipeline | 15.72 Bn | 15.54 Bn | 977.00 Mn | 11.49 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Dec 31, 2023 | 10.97 Bn |
| Dec 31, 2023 | 10.97 Bn |