Plains All American Pipeline (PAA) EBT Margin (2009 - 2026)

Plains All American Pipeline's EBT Margin history runs 18 years deep, the most recent figure standing at 2.69% for Q1 2026.

• On a quarterly basis, EBT Margin fell 70.0% year-over-year to 2.69% in Q1 2026; TTM through Mar 2026 was 2.98%, a 91.0% increase from a year earlier, with the FY2025 full-year figure at 3.17%, up 118.0% from the prior year.
• EBT Margin fell to 2.69% in Q1 2026 per PAA's latest filing, from 3.06% in the prior quarter.
• Across five years, EBT Margin topped out at 4.28% in Q1 2023 and bottomed at 0.51% in Q4 2024.
• The 5-year median for EBT Margin is 2.69% (2026), against an average of 2.63%.
• Biggest YoY gain for EBT Margin was 463 bps in 2022; the steepest drop was 354 bps in 2022.
• Year by year, EBT Margin stood at 2.49% in 2022, then plunged by 34 bps to 1.64% in 2023, then plunged by 69 bps to 0.51% in 2024, then jumped by 503 bps to 3.06% in 2025, then slipped by 12 bps to 2.69% in 2026.
• Per Business Quant, the three latest PAA EBT Margin figures stand at 2.69% (Q1 2026), 3.06% (Q4 2025), and 3.96% (Q3 2025).