Plains All American Pipeline PAA
NASDAQ PAA
$25.70 +0.18 (+0.71%)
At close: Sep 4, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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%