Plains All American Pipeline (PAA) EBITDA (2009 - 2026)
Plains All American Pipeline (PAA) recorded quarterly EBITDA of $405.0 million in Q1 2026, up 14.08% quarter-over-quarter from $355.0 million in Q4 2025, and up 13.76% on a YoY basis from $356.0 million in Q1 2025.
Plains All American Pipeline (PAA) EBITDA (2009 - 2026) Analysis & Trends
Plains All American Pipeline's EBITDA history runs 18 years deep, the most recent figure standing at $405.0 million for Q1 2026.
- In Q1 2026, EBITDA rose 13.76% year-over-year to $405.0 million; the TTM figure through Mar 2026 stood at $1.5 billion (up 70.85% YoY), while the FY2025 annual figure was $2.1 billion, up 39.81% from the prior year.
- EBITDA was $405.0 million for Q1 2026 at Plains All American Pipeline, up from $355.0 million in the prior quarter.
- In the past five years, EBITDA ranged from a high of $626.0 million in Q3 2022 to a low of -$38.0 million in Q4 2022.
- Historically, EBITDA has averaged $309.2 million across 5 years, with a median of $355.0 million in 2025.
- The sharpest annual moves came in 2022 and 2024: EBITDA jumped 3230.0% in 2022, then tumbled 109.25% in 2024.
- A 5-year view of EBITDA shows it stood at -$38.0 million in 2022, then surged by 555.26% to $173.0 million in 2023, then sank by 109.25% to -$16.0 million in 2024, then surged by 2318.75% to $355.0 million in 2025, then rose by 14.08% to $405.0 million in 2026.
- The last three EBITDA figures came in at $405.0 million (Q1 2026), $355.0 million (Q4 2025), and $484.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.15 Bn | 88.85 Bn | 6.70 Bn | 2.35 Bn |
| 2 | Enterprise Products Partners | 81.41 Bn | 80.26 Bn | - | 1.90 Bn |
| 3 | Kinder Morgan | 69.70 Bn | 70.78 Bn | 3.08 Bn | 1.44 Bn |
| 4 | Energy Transfer | 66.51 Bn | 65.79 Bn | 6.62 Bn | 2.98 Bn |
| 5 | Scorpio Tankers | 59.31 Bn | 58.33 Bn | - | 214.13 Mn |
| 6 | Mplx | 57.21 Bn | 55.70 Bn | 2.54 Bn | 1.53 Bn |
| 7 | Targa Resources | 56.78 Bn | 56.82 Bn | 1.70 Bn | 1.17 Bn |
| 8 | Oneok | 55.57 Bn | 55.44 Bn | 2.57 Bn | 1.43 Bn |
| 9 | Tc Energy | 50.90 Bn | 52.09 Bn | 2.95 Bn | 2.03 Bn |
| 10 | Plains All American Pipeline | 16.11 Bn | 15.94 Bn | 977.00 Mn | 405.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 405.00 Mn |
| Dec 31, 2025 | 355.00 Mn |
| Sep 30, 2025 | 484.00 Mn |
| Jun 30, 2025 | 239.00 Mn |
| Mar 31, 2025 | 356.00 Mn |
| Dec 31, 2024 | -16.00 Mn |
| Sep 30, 2024 | 196.00 Mn |
| Jun 30, 2024 | 332.00 Mn |
| Mar 31, 2024 | 356.00 Mn |
| Dec 31, 2023 | 173.00 Mn |
| Sep 30, 2023 | 234.00 Mn |
| Jun 30, 2023 | 378.00 Mn |
| Mar 31, 2023 | 473.00 Mn |
| Dec 31, 2022 | -38.00 Mn |
| Sep 30, 2022 | 626.00 Mn |
| Jun 30, 2022 | 411.00 Mn |
| Mar 31, 2022 | 293.00 Mn |
| Dec 31, 2021 | 1.20 Bn |
| Sep 30, 2021 | -20.00 Mn |
| Jun 30, 2021 | -218.00 Mn |