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 0.83% for Q1 2026.

• In Q1 2026, Net Margin fell 201.0% year-over-year to 0.83%; the TTM figure through Mar 2026 stood at 0.32% (down 41.0% YoY), while the FY2025 annual figure was 0.87%, up 39.0% from the prior year.
• Net Margin was 0.83% for Q1 2026 at Plains All American Pipeline, down from 0.97% in the prior quarter.
• In the past five years, Net Margin ranged from a high of 3.85% in Q1 2023 to a low of 0.83% in Q1 2026.
• Historically, Net Margin has averaged 1.54% across 5 years, with a median of 1.18% in 2025.
• The sharpest annual moves came in 2022 and 2024: Net Margin surged 462 bps in 2022, then slumped 376 bps in 2024.
• A 5-year view of Net Margin shows it stood at 3.2% in 2022, then slumped by 37 bps to 2.02% in 2023, then tumbled by 70 bps to 0.61% in 2024, then soared by 57 bps to 0.97% in 2025, then plunged by 186 bps to 0.83% in 2026.
• The last three Net Margin figures came in at 0.83% (Q1 2026), 0.97% (Q4 2025), and 0.66% (Q3 2025), per Business Quant data.