Plains All American Pipeline (PAA) EBITDA (2009 - 2026)
Plains All American Pipeline (PAA) reported EBITDA of $640 million for Q2 2026, up 35.0% from $474 million a year earlier but down 1.2% from the prior quarter.
Plains All American Pipeline (PAA) EBITDA (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Plains All American Pipeline's EBITDA came in at $2.61 billion, up 54.3% year-over-year; for FY2025, it was $2.39 billion, up 34.9% from FY2024.
- By year, EBITDA came in at $1.77 billion in FY2024 (-18.4%), $2.17 billion in FY2023 (-4.0%), $2.26 billion in FY2022 (+38.9%) and $1.63 billion in FY2021.
- Five-year quarterly EBITDA spans a low of $140 million in Q3 2021 and a high of $864 million in Q3 2022.
- Year over year, EBITDA has now increased in each of the last four quarters, with growth averaging 30.2% over the last eight quarters.
- The high point for year-over-year EBITDA in five years was Q4 2021 (growth of 765.3%); the low point was Q4 2022 (a decline of 73.7%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $648 million (Q1 2026), $612 million (Q4 2025) and $714 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 102.52 Bn | 100.06 Bn | 4.84 Bn | 3.14 Bn |
| 2 | Enterprise Products Partners | 79.27 Bn | 77.71 Bn | - | 2.88 Bn |
| 3 | Energy Transfer | 69.21 Bn | 62.65 Bn | 7.40 Bn | 5.15 Bn |
| 4 | Kinder Morgan | 68.17 Bn | 69.12 Bn | 3.07 Bn | 1.97 Bn |
| 5 | Tc Energy | 61.09 Bn | 64.16 Bn | 2.81 Bn | 4.40 Bn |
| 6 | Targa Resources | 59.48 Bn | 59.10 Bn | 2.14 Bn | 1.69 Bn |
| 7 | Mplx | 58.45 Bn | 52.01 Bn | 2.91 Bn | 1.74 Bn |
| 8 | Oneok | 55.88 Bn | 54.37 Bn | 2.81 Bn | 1.98 Bn |
| 9 | Cheniere Energy | 55.70 Bn | 55.83 Bn | 5.29 Bn | 4.67 Bn |
| 10 | Plains All American Pipeline | 17.31 Bn | 14.57 Bn | 1.14 Bn | 640.00 Mn |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 640.00 Mn |
| Mar 31, 2026 | 648.00 Mn |
| Dec 31, 2025 | 612.00 Mn |
| Sep 30, 2025 | 714.00 Mn |
| Jun 30, 2025 | 474.00 Mn |
| Mar 31, 2025 | 588.00 Mn |
| Dec 31, 2024 | 210.00 Mn |
| Sep 30, 2024 | 422.00 Mn |
| Jun 30, 2024 | 558.00 Mn |
| Mar 31, 2024 | 610.00 Mn |
| Dec 31, 2023 | 306.00 Mn |
| Sep 30, 2023 | 494.00 Mn |
| Jun 30, 2023 | 637.00 Mn |
| Mar 31, 2023 | 729.00 Mn |
| Dec 31, 2022 | 216.00 Mn |
| Sep 30, 2022 | 864.00 Mn |
| Jun 30, 2022 | 653.00 Mn |
| Mar 31, 2022 | 523.00 Mn |
| Dec 31, 2021 | 822.00 Mn |
| Sep 30, 2021 | 140.00 Mn |
Plains All American Pipeline EBITDA API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda&ticker=PAA&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda", "ticker": "PAA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()
const res = await fetch("https://data.businessquant.com/historic?slug=ebitda&ticker=PAA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();