Plains All American Pipeline (PAA) Net Margin (2009 - 2026)
Plains All American Pipeline (PAA) posted quarterly Net Margin of 0.8% for Q1 2026, down 219.0% year-over-year from 0.67% in Q1 2025, and down 70.68% quarter-over-quarter from 2.74% in Q4 2025.
Plains All American Pipeline (PAA) Net Margin (2009 - 2026) Analysis & Trends
Plains All American Pipeline's Net Margin history runs 18 years deep, the most recent figure standing at 0.8% for Q1 2026.
- In Q1 2026, Net Margin fell 219.0% year-over-year to 0.8%; the TTM figure through Mar 2026 stood at 2.05% (up 70.0% YoY), while the FY2025 annual figure was 2.64%, up 159.0% from the prior year.
- Net Margin for Q1 2026 stood at 0.8%, down from 2.74% in the prior quarter.
- The five-year high for Net Margin was 3.34% in Q3 2025, with the low at 0.22% in Q4 2024.
- The 5-year median for Net Margin is 1.62% (2022), against an average of 1.74%.
- Peak annual rise in Net Margin reached 364 bps in 2022, while the deepest fall reached 343 bps in 2022.
- Plains All American Pipeline's Net Margin stood at 1.62% in 2022, then surged by 35 bps to 2.19% in 2023, then plunged by 110 bps to 0.22% in 2024, then soared by 1366 bps to 2.74% in 2025, then plunged by 71 bps to 0.8% in 2026.
- Business Quant data shows PAA's Net Margin at 0.8% in Q1 2026, 2.74% in Q4 2025, and 3.34% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 19.97% |
| 2 | Enbridge | 110.90 Bn | 109.41 Bn | 5.23 Bn | 4.76% |
| 3 | Enterprise Products Partners | 83.47 Bn | 82.57 Bn | - | 10.16% |
| 4 | Energy Transfer | 72.69 Bn | 71.66 Bn | 7.40 Bn | 5.90% |
| 5 | Tc Energy | 65.95 Bn | 58.39 Bn | 1.24 Bn | 55.36% |
| 6 | Oneok | 60.15 Bn | 59.99 Bn | 2.81 Bn | 8.03% |
| 7 | Mplx | 59.97 Bn | 58.94 Bn | 2.73 Bn | 32.82% |
| 8 | Targa Resources | 59.51 Bn | 59.37 Bn | 2.14 Bn | 17.22% |
| 9 | Cheniere Energy | 56.09 Bn | 54.84 Bn | 5.29 Bn | 63.54% |
| 10 | Plains All American Pipeline | 16.81 Bn | 15.75 Bn | 1.14 Bn | 10.00% |
Historic Data
Download 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% |