Plains All American Pipeline (PAA) EBT Margin (2009 - 2026)
Plains All American Pipeline (PAA) posted EBT Margin of 2.13% for Q2 2026, down 20.89% on a QoQ basis from 2.69% in Q1 2026, and down 5.0% year-over-year from 2.24% in Q2 2025.
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Analysis
Plains All American Pipeline (PAA) EBT Margin (2009 - 2026) Analysis & Trends
Plains All American Pipeline has reported EBT Margin for 18 years, with the latest figure at 2.13% in Q2 2026.
- On a quarterly basis, EBT Margin fell 5.0% year-over-year to 2.13% in Q2 2026; TTM through Jun 2026 was 2.85%, a 95.0% increase from a year earlier, with the FY2025 full-year figure at 3.17%, up 118.0% from the prior year.
- EBT Margin was 2.13% for Q2 2026 at Plains All American Pipeline, down from 2.69% in the prior quarter.
- The five-year high for EBT Margin was 4.28% in Q1 2023, with the low at 0.51% in Q4 2024.
- Average EBT Margin over 5 years is 2.6%, with a median of 2.59% recorded in 2022.
- The largest YoY upside for EBT Margin was 463 bps in 2022 against a maximum downside of 354 bps in 2022.
- Over 5 years, EBT Margin stood at 2.49% in 2022, then sank by 34 bps to 1.64% in 2023, then sank by 69 bps to 0.51% in 2024, then surged by 503 bps to 3.06% in 2025, then sank by 30 bps to 2.13% in 2026.
- The last three EBT Margin figures came in at 2.13% (Q2 2026), 2.69% (Q1 2026), and 3.06% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn | 26.04% |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | 10.22% |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 7.93% |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | 36.72% |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | 22.63% |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 32.88% |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 10.51% |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 6.86% |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | 30.30% |
| 10 | Plains All American Pipeline | 18.13 Bn | 17.07 Bn | 1.14 Bn | 2.13% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.13% |
| Mar 31, 2026 | 2.69% |
| Dec 31, 2025 | 3.06% |
| Sep 30, 2025 | 3.96% |
| Jun 30, 2025 | 2.17% |
| Mar 31, 2025 | 3.39% |
| Dec 31, 2024 | 0.51% |
| Sep 30, 2024 | 1.65% |
| Jun 30, 2024 | 2.74% |
| Mar 31, 2024 | 3.14% |
| Dec 31, 2023 | 1.64% |
| Sep 30, 2023 | 2.20% |
| Jun 30, 2023 | 3.38% |
| Mar 31, 2023 | 4.28% |
| Dec 31, 2022 | 2.49% |
| Sep 30, 2022 | 3.84% |
| Jun 30, 2022 | 1.82% |
| Mar 31, 2022 | 1.80% |
| Dec 31, 2021 | 4.50% |
| Sep 30, 2021 | -0.79% |