Plains All American Pipeline (PAA) EBITDA Margin (2009 - 2026)
Plains All American Pipeline (PAA) posted EBITDA Margin of 2.25% for Q2 2026, down 30.74% on a QoQ basis from 3.25% in Q1 2026, and little changed year-over-year from 2.25% in Q2 2025.
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Plains All American Pipeline (PAA) EBITDA Margin (2009 - 2026) Analysis & Trends
Plains All American Pipeline has reported EBITDA Margin for 18 years, with the latest figure at 2.25% in Q2 2026.
- On a quarterly basis, EBITDA Margin changed 0.0% year-over-year to 2.25% in Q2 2026; TTM through Jun 2026 was 3.14%, a 148.0% increase from a year earlier, with the FY2025 full-year figure at 4.76%, up 168.0% from the prior year.
- EBITDA Margin was 2.25% for Q2 2026 at Plains All American Pipeline, down from 3.25% in the prior quarter.
- The five-year high for EBITDA Margin was 4.37% in Q3 2022, with the low at 0.29% in Q4 2022.
- Average EBITDA Margin over 5 years is 2.49%, with a median of 2.56% recorded in 2024.
- The largest YoY upside for EBITDA Margin was 471 bps in 2022 against a maximum downside of 951 bps in 2022.
- Over 5 years, EBITDA Margin stood at 0.29% in 2022, then jumped by 621 bps to 1.53% in 2023, then sank by 109 bps to 0.13% in 2024, then surged by 2627 bps to 3.36% in 2025, then slumped by 33 bps to 2.25% in 2026.
- The last three EBITDA Margin figures came in at 2.25% (Q2 2026), 3.25% (Q1 2026), and 3.36% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn | 30.06% |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | 12.31% |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 10.41% |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | 58.43% |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | 35.71% |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 51.27% |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 13.22% |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 9.93% |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | 37.45% |
| 10 | Plains All American Pipeline | 18.13 Bn | 17.07 Bn | 1.14 Bn | 2.25% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.25% |
| Mar 31, 2026 | 3.25% |
| Dec 31, 2025 | 3.36% |
| Sep 30, 2025 | 4.18% |
| Jun 30, 2025 | 2.25% |
| Mar 31, 2025 | 3.10% |
| Dec 31, 2024 | -0.13% |
| Sep 30, 2024 | 1.57% |
| Jun 30, 2024 | 2.60% |
| Mar 31, 2024 | 3.06% |
| Dec 31, 2023 | 1.53% |
| Sep 30, 2023 | 1.94% |
| Jun 30, 2023 | 3.26% |
| Mar 31, 2023 | 3.83% |
| Dec 31, 2022 | -0.29% |
| Sep 30, 2022 | 4.37% |
| Jun 30, 2022 | 2.51% |
| Mar 31, 2022 | 2.14% |
| Dec 31, 2021 | 9.22% |
| Sep 30, 2021 | -0.19% |