Plains All American Pipeline (PAA) Operating Expenses (2009 - 2026)
Plains All American Pipeline (PAA) posted quarterly Operating Expenses of $301.0 million for Q1 2026, down 97.29% year-over-year from $11.1 billion in Q1 2025, and up 7.12% quarter-over-quarter from $281.0 million in Q4 2025.
Plains All American Pipeline (PAA) Operating Expenses (2009 - 2026) Analysis & Trends
Plains All American Pipeline's Operating Expenses history runs 18 years deep, the most recent figure standing at $301.0 million for Q1 2026.
- In Q1 2026, Operating Expenses fell 97.29% year-over-year to $301.0 million; the TTM figure through Mar 2026 stood at $12.0 billion (down 67.06% YoY), while the FY2025 annual figure was $1.2 billion, down 21.55% from the prior year.
- Operating Expenses for Q1 2026 stood at $301.0 million, up from $281.0 million in the prior quarter.
- The five-year high for Operating Expenses was $45.0 billion in Q4 2023, with the low 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.
- Peak annual rise in Operating Expenses reached 6228.57% in 2022, while the deepest fall reached 203.12% in 2022.
- Plains All American Pipeline's Operating Expenses stood at -$41.7 billion in 2022, then surged by 207.84% to $45.0 billion in 2023, then tumbled by 98.87% to $509.0 million in 2024, then slumped by 44.79% to $281.0 million in 2025, then gained by 7.12% to $301.0 million in 2026.
- Business Quant data shows PAA's Operating Expenses at $301.0 million in Q1 2026, $281.0 million in Q4 2025, and $11.1 billion in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 3.13 Bn |
| 2 | Enbridge | 111.13 Bn | 109.64 Bn | 5.23 Bn | 19.09 Bn |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | 16.13 Bn |
| 4 | Energy Transfer | 72.53 Bn | 71.50 Bn | 7.40 Bn | 30.76 Bn |
| 5 | Tc Energy | 66.12 Bn | 58.56 Bn | 1.24 Bn | 851.61 Mn |
| 6 | Mplx | 60.19 Bn | 59.16 Bn | 2.73 Bn | 1.93 Bn |
| 7 | Oneok | 60.00 Bn | 59.84 Bn | 2.81 Bn | 4.00 Mn |
| 8 | Targa Resources | 59.13 Bn | 59.00 Bn | 2.14 Bn | 354.10 Mn |
| 9 | Cheniere Energy | 56.04 Bn | 54.79 Bn | 5.29 Bn | 1.44 Bn |
| 10 | Plains All American Pipeline | 16.84 Bn | 15.78 Bn | 1.14 Bn | 17.30 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 17.30 Bn |
| Mar 31, 2026 | 301.00 Mn |
| Dec 31, 2025 | 281.00 Mn |
| Sep 30, 2025 | 11.09 Bn |
| Jun 30, 2025 | 286.00 Mn |
| Mar 31, 2025 | 11.12 Bn |
| Dec 31, 2024 | 509.00 Mn |
| Sep 30, 2024 | 12.26 Bn |
| Jun 30, 2024 | 12.43 Bn |
| Mar 31, 2024 | 11.63 Bn |
| Dec 31, 2023 | 45.02 Bn |
| Sep 30, 2023 | 372.00 Mn |
| Jun 30, 2023 | 333.00 Mn |
| Mar 31, 2023 | 357.00 Mn |
| Dec 31, 2022 | -41.75 Bn |
| Sep 30, 2022 | 13.71 Bn |
| Jun 30, 2022 | 15.95 Bn |
| Mar 31, 2022 | 346.00 Mn |
| Dec 31, 2021 | 40.48 Bn |
| Sep 30, 2021 | 274.00 Mn |