Plains All American Pipeline (PAA) Operating Expenses (2009 - 2026)

Plains All American Pipeline's Operating Expenses history runs 18 years deep, the most recent figure standing at $301.0 million for Q1 2026.

• On a quarterly basis, Operating Expenses fell 97.29% year-over-year to $301.0 million in Q1 2026; TTM through Mar 2026 was $12.0 billion, a 67.06% decrease from a year earlier, with the FY2025 full-year figure at $1.2 billion, down 21.55% from the prior year.
• Operating Expenses improved to $301.0 million in Q1 2026 per PAA's latest filing, from $281.0 million in the prior quarter.
• Across five years, Operating Expenses topped out at $45.0 billion in Q4 2023 and bottomed at -$41.7 billion in Q4 2022.
• The 5-year median for Operating Expenses is $509.0 million (2024), against an average of $5.5 billion.
• Biggest YoY gain for Operating Expenses was 6228.57% in 2022; the steepest drop was 203.12% in 2022.
• Year by year, Operating Expenses stood at -$41.7 billion in 2022, then soared by 207.84% to $45.0 billion in 2023, then slumped by 98.87% to $509.0 million in 2024, then sank by 44.79% to $281.0 million in 2025, then advanced by 7.12% to $301.0 million in 2026.
• Per Business Quant, the three latest PAA Operating Expenses figures stand at $301.0 million (Q1 2026), $281.0 million (Q4 2025), and $11.1 billion (Q3 2025).