KPIs & Operating Metrics(New)
Growth Metrics

Plains All American Pipeline (PAA) Operating Expenses (2016 - 2026)

Plains All American Pipeline has reported Operating Expenses over the past 17 years, most recently at $42.0 billion for Q4 2025.

  • For Q4 2025, Operating Expenses rose 248.17% year-over-year to $42.0 billion; the TTM value through Dec 2025 reached $64.8 billion, up 156.78%, while the annual FY2025 figure was $42.8 billion, 10.81% down from the prior year.
  • Operating Expenses for Q4 2025 was $42.0 billion at Plains All American Pipeline, up from $11.1 billion in the prior quarter.
  • Over five years, Operating Expenses peaked at $42.0 billion in Q4 2025 and troughed at -$41.7 billion in Q4 2022.
  • A 5-year average of $4.1 billion and a median of $5.3 billion in 2021 define the central range for Operating Expenses.
  • Biggest five-year swings in Operating Expenses: tumbled 560.72% in 2021 and later skyrocketed 52291.3% in 2024.
  • Year by year, Operating Expenses stood at -$27.8 billion in 2021, then crashed by 50.31% to -$41.7 billion in 2022, then surged by 100.06% to $23.0 million in 2023, then skyrocketed by 52291.3% to $12.0 billion in 2024, then soared by 248.17% to $42.0 billion in 2025.
  • Business Quant data shows Operating Expenses for PAA at $42.0 billion in Q4 2025, $11.1 billion in Q3 2025, and $286.0 million in Q2 2025.