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

Plains All American Pipeline (PAA) posted Operating Income of $405.0 million for Q1 2026, up 14.08% on a QoQ basis from $355.0 million in Q4 2025, and up 13.76% year-on-year from $356.0 million in Q1 2025.

Plains All American Pipeline (PAA) Operating Income (2009 - 2026) Analysis & Trends

Plains All American Pipeline has disclosed Operating Income across 18 years of filings, most recently posting $405.0 million for Q1 2026.

  • Operating Income for Q1 2026 came in at $405.0 million, up 13.76% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.5 billion (up 70.85% YoY), and the FY2025 annual result was $1.4 billion, up 65.21% from the prior year.
  • Operating Income came in at $405.0 million for Q1 2026 at Plains All American Pipeline, up from $355.0 million in the prior quarter.
  • Over the last five years, Operating Income for PAA reached as high as $626.0 million in Q3 2022 and fell as low as -$38.0 million in Q4 2022.
  • Median Operating Income over the past 5 years was $355.0 million (2025), compared with a mean of $309.2 million.
  • Year-over-year, Operating Income slumped 109.25% in 2024 and surged 2318.75% in 2025.
  • Over 5 years, Operating Income stood at -$38.0 million in 2022, then surged by 555.26% to $173.0 million in 2023, then tumbled by 109.25% to -$16.0 million in 2024, then surged by 2318.75% to $355.0 million in 2025, then rose by 14.08% to $405.0 million in 2026.
  • Per Business Quant, the three latest PAA Operating Income figures stand at $405.0 million (Q1 2026), $355.0 million (Q4 2025), and $484.0 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Enbridge 1,308.38 Bn 1,309.08 Bn 6.70 Bn 2.35 Bn
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn 1.44 Bn
3 Enterprise Products Partners 79.55 Bn 78.40 Bn - 1.90 Bn
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn 2.98 Bn
5 Targa Resources 57.60 Bn 57.63 Bn 1.70 Bn 846.90 Mn
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn 1.21 Bn
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn 1.43 Bn
8 Cheniere Energy Partners 29.50 Bn 29.22 Bn 838.00 Mn 361.00 Mn
9 Venture Global 27.41 Bn 27.36 Bn 4.33 Bn 1.15 Bn
10 Plains All American Pipeline 15.72 Bn 15.54 Bn 977.00 Mn 405.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 405.00 Mn
Dec 31, 2025 355.00 Mn
Sep 30, 2025 484.00 Mn
Jun 30, 2025 239.00 Mn
Mar 31, 2025 356.00 Mn
Dec 31, 2024 -16.00 Mn
Sep 30, 2024 196.00 Mn
Jun 30, 2024 332.00 Mn
Mar 31, 2024 356.00 Mn
Dec 31, 2023 173.00 Mn
Sep 30, 2023 234.00 Mn
Jun 30, 2023 378.00 Mn
Mar 31, 2023 473.00 Mn
Dec 31, 2022 -38.00 Mn
Sep 30, 2022 626.00 Mn
Jun 30, 2022 411.00 Mn
Mar 31, 2022 293.00 Mn
Dec 31, 2021 599.00 Mn
Sep 30, 2021 -38.00 Mn
Jun 30, 2021 -236.00 Mn