Plains All American Pipeline (PAA) Net Margin (2009 - 2026)
Plains All American Pipeline (PAA) posted Net Margin of 10.0% for Q2 2026, up 1147.49% on a QoQ basis from 0.8% in Q1 2026, and up 859.0% year-over-year from 1.04% in Q2 2025.
Analysis
Plains All American Pipeline (PAA) Net Margin (2009 - 2026) Analysis & Trends
Plains All American Pipeline has reported Net Margin for 18 years, with the latest figure at 10.0% in Q2 2026.
- On a quarterly basis, Net Margin rose 859.0% year-over-year to 10.0% in Q2 2026; TTM through Jun 2026 was 4.87%, a 353.0% increase from a year earlier, with the FY2025 full-year figure at 2.64%, up 159.0% from the prior year.
- Net Margin was 10.0% for Q2 2026 at Plains All American Pipeline, up from 0.8% in the prior quarter.
- The five-year high for Net Margin was 10.0% in Q2 2026, with the low at 0.22% in Q4 2024.
- Average Net Margin over 5 years is 2.2%, with a median of 1.68% recorded in 2022.
- The sharpest annual moves came in 2022 and 2026: Net Margin tumbled 343 bps in 2022, then soared 859 bps in 2026.
- Over 5 years, Net Margin stood at 1.62% in 2022, then jumped by 35 bps to 2.19% in 2023, then plunged by 110 bps to 0.22% in 2024, then surged by 1366 bps to 2.74% in 2025, then soared by 266 bps to 10.0% in 2026.
- The last three Net Margin figures came in at 10.0% (Q2 2026), 0.8% (Q1 2026), and 2.74% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 111.69 Bn | 112.81 Bn | 3.07 Bn | 19.97% |
| 2 | Enterprise Products Partners | 84.07 Bn | 83.21 Bn | - | 10.16% |
| 3 | Energy Transfer | 74.03 Bn | 73.00 Bn | 7.40 Bn | 5.90% |
| 4 | Tc Energy | 65.16 Bn | 64.62 Bn | 1.80 Bn | 24.94% |
| 5 | Targa Resources | 62.18 Bn | 62.19 Bn | 2.14 Bn | 17.22% |
| 6 | Mplx | 60.51 Bn | 59.48 Bn | 2.73 Bn | 32.82% |
| 7 | Oneok | 60.16 Bn | 60.09 Bn | 2.81 Bn | 8.03% |
| 8 | Enbridge | 54.38 Bn | 54.88 Bn | 5.23 Bn | 4.76% |
| 9 | Pembina Pipeline | 28.12 Bn | 27.76 Bn | 933.00 Mn | 23.70% |
| 10 | Plains All American Pipeline | 18.13 Bn | 17.07 Bn | 1.14 Bn | 10.00% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 10.00% |
| Mar 31, 2026 | 0.80% |
| Dec 31, 2025 | 2.74% |
| Sep 30, 2025 | 3.34% |
| Jun 30, 2025 | 1.41% |
| Mar 31, 2025 | 2.99% |
| Dec 31, 2024 | -0.22% |
| Sep 30, 2024 | 1.26% |
| Jun 30, 2024 | 1.41% |
| Mar 31, 2024 | 1.74% |
| Dec 31, 2023 | 2.19% |
| Sep 30, 2023 | 1.16% |
| Jun 30, 2023 | 1.96% |
| Mar 31, 2023 | 2.93% |
| Dec 31, 2022 | 1.62% |
| Sep 30, 2022 | 2.32% |
| Jun 30, 2022 | 0.94% |
| Mar 31, 2022 | 1.00% |
| Dec 31, 2021 | 3.08% |
| Sep 30, 2021 | -1.01% |