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Plains All American Pipeline (PAA) Operating Expenses (2016 - 2025)

Plains All American Pipeline (PAA) has 17 years of Operating Expenses data on record, last reported at $10.2 billion in Q4 2025.

  • For Q4 2025, Operating Expenses fell 70.93% year-over-year to $10.2 billion; the TTM value through Dec 2025 reached $42.8 billion, down 10.81%, while the annual FY2025 figure was $42.8 billion, 10.81% down from the prior year.
  • Operating Expenses reached $10.2 billion in Q4 2025 per PAA's latest filing, down from $32.0 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $35.1 billion in Q4 2024 and bottomed at -$28.4 billion in Q3 2022.
  • Average Operating Expenses over 5 years is $7.3 billion, with a median of $4.1 billion recorded in 2021.
  • Peak YoY movement for Operating Expenses: skyrocketed 4157.48% in 2021, then plummeted 362.42% in 2022.
  • A 5-year view of Operating Expenses shows it stood at $12.4 billion in 2021, then crashed by 97.22% to $344.0 million in 2022, then soared by 3140.99% to $11.1 billion in 2023, then skyrocketed by 215.03% to $35.1 billion in 2024, then plummeted by 70.93% to $10.2 billion in 2025.
  • Per Business Quant database, its latest 3 readings for Operating Expenses were $10.2 billion in Q4 2025, $32.0 billion in Q3 2025, and $217.0 million in Q2 2025.