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

Plains All American Pipeline's Net Margin history runs 18 years deep, the most recent figure standing at 0.8% for Q1 2026.

• On a quarterly basis, Net Margin fell 219.0% year-over-year to 0.8% in Q1 2026; TTM through Mar 2026 was 2.05%, a 70.0% increase from a year earlier, with the FY2025 full-year figure at 2.64%, up 159.0% from the prior year.
• Net Margin slipped to 0.8% in Q1 2026 per PAA's latest filing, from 2.74% in the prior quarter.
• Across five years, Net Margin topped out at 3.34% in Q3 2025 and bottomed at 0.22% in Q4 2024.
• The 5-year median for Net Margin is 1.62% (2022), against an average of 1.74%.
• Biggest YoY gain for Net Margin was 364 bps in 2022; the steepest drop was 343 bps in 2022.
• Year by year, Net Margin stood at 1.62% in 2022, then soared by 35 bps to 2.19% in 2023, then tumbled by 110 bps to 0.22% in 2024, then jumped by 1366 bps to 2.74% in 2025, then tumbled by 71 bps to 0.8% in 2026.
• Per Business Quant, the three latest PAA Net Margin figures stand at 0.8% (Q1 2026), 2.74% (Q4 2025), and 3.34% (Q3 2025).