KPIs & Operating Metrics(New)
Growth Metrics

Plains All American Pipeline (PAA) Net Margin (2016 - 2026)

Plains All American Pipeline has reported Net Margin over the past 17 years, most recently at 0.97% for Q4 2025.

  • For Q4 2025, Net Margin rose 35.0% year-over-year to 0.97%; the TTM value through Dec 2025 reached 0.87%, up 40.0%, while the annual FY2025 figure was 0.87%, 39.0% up from the prior year.
  • Net Margin for Q4 2025 was 0.97% at Plains All American Pipeline, up from 0.66% in the prior quarter.
  • Over five years, Net Margin peaked at 5.32% in Q1 2021 and troughed at 2.29% in Q2 2021.
  • A 5-year average of 1.63% and a median of 1.41% in 2022 define the central range for Net Margin.
  • On a YoY basis, Net Margin climbed as much as 3954bps in 2021 and fell as far as -591bps in 2021.
  • Year by year, Net Margin stood at 4.2% in 2021, then tumbled by -45bps to 2.3% in 2022, then dropped by -12bps to 2.02% in 2023, then crashed by -70bps to 0.61% in 2024, then surged by 57bps to 0.97% in 2025.
  • Business Quant data shows Net Margin for PAA at 0.97% in Q4 2025, 0.66% in Q3 2025, and 0.66% in Q2 2025.