Plains All American Pipeline PAA
NASDAQ PAA
$25.70 +0.18 (+0.71%)
At close: Sep 4, 2026 · 4:00 PM EDT

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

Plains All American Pipeline (PAA) posted Operating Income of $398.0 million for Q2 2026, down 1.73% on a QoQ basis from $405.0 million in Q1 2026, and up 66.53% year-over-year from $239.0 million in Q2 2025.

Analysis

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

Plains All American Pipeline has reported Operating Income for 18 years, with the latest figure at $398.0 million in Q2 2026.

  • On a quarterly basis, Operating Income rose 66.53% year-over-year to $398.0 million in Q2 2026; TTM through Jun 2026 was $1.6 billion, a 111.87% increase from a year earlier, with the FY2025 full-year figure at $1.4 billion, up 65.21% from the prior year.
  • Operating Income was $398.0 million for Q2 2026 at Plains All American Pipeline, down from $405.0 million in the prior quarter.
  • The five-year high for Operating Income was $626.0 million in Q3 2022, with the low at -$38.0 million in Q4 2022.
  • Average Operating Income over 5 years is $314.2 million, with a median of $355.5 million recorded in 2024.
  • The sharpest annual moves came in 2024 and 2025: Operating Income slumped 109.25% in 2024, then surged 2318.75% in 2025.
  • Over 5 years, Operating Income stood at -$38.0 million in 2022, then soared by 555.26% to $173.0 million in 2023, then plunged by 109.25% to -$16.0 million in 2024, then soared by 2318.75% to $355.0 million in 2025, then climbed by 12.11% to $398.0 million in 2026.
  • The last three Operating Income figures came in at $398.0 million (Q2 2026), $405.0 million (Q1 2026), and $355.0 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Kinder Morgan 111.69 Bn 112.81 Bn 3.07 Bn 1.35 Bn
2 Enterprise Products Partners 84.07 Bn 83.21 Bn - 2.25 Bn
3 Energy Transfer 74.03 Bn 73.00 Bn 7.40 Bn 3.57 Bn
4 Tc Energy 65.16 Bn 64.62 Bn 1.80 Bn -
5 Targa Resources 62.18 Bn 62.19 Bn 2.14 Bn 1.23 Bn
6 Mplx 60.51 Bn 59.48 Bn 2.73 Bn 1.38 Bn
7 Oneok 60.16 Bn 60.09 Bn 2.81 Bn 1.59 Bn
8 Enbridge 54.38 Bn 54.88 Bn 5.23 Bn 2.10 Bn
9 Pembina Pipeline 28.12 Bn 27.76 Bn 933.00 Mn 806.00 Mn
10 Plains All American Pipeline 18.13 Bn 17.07 Bn 1.14 Bn 398.00 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 398.00 Mn
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