Plains All American Pipeline (PAA) Operating Income (2009 - 2026)
Plains All American Pipeline's Operating Income came in at $398 million for Q2 2026, up 66.5% from $239 million a year earlier but down 1.7% from the prior quarter.
Powered by 
Analysis
Plains All American Pipeline (PAA) Operating Income (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Plains All American Pipeline reported Operating Income of $1.64 billion, up 111.9% year-over-year; for FY2025, it was $1.43 billion, up 65.2% from FY2024.
- Going back by year, Operating Income was $868 million in FY2024 (-31.0%), $1.26 billion in FY2023 (-2.6%), $1.29 billion in FY2022 (+51.8%) and $851 million in FY2021.
- The five-year range for quarterly Operating Income is -$38 million (Q3 2021) to $626 million (Q3 2022).
- Year-over-year, Operating Income increased in three of the last six quarters, with growth averaging 30.5%.
- The fastest year-over-year change in Operating Income over five years came in Q3 2025 (growth of 146.9%), and the weakest in Q3 2023 (a decline of 62.6%).
- Business Quant data shows PAA's Operating Income at $405 million (Q1 2026), $355 million (Q4 2025) and $484 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 102.52 Bn | 100.06 Bn | 4.84 Bn | 2.10 Bn |
| 2 | Enterprise Products Partners | 79.27 Bn | 77.71 Bn | - | 2.25 Bn |
| 3 | Energy Transfer | 69.21 Bn | 62.65 Bn | 7.40 Bn | 3.57 Bn |
| 4 | Kinder Morgan | 68.17 Bn | 69.12 Bn | 3.07 Bn | 1.35 Bn |
| 5 | Tc Energy | 61.09 Bn | 64.16 Bn | 2.81 Bn | 3.87 Bn |
| 6 | Targa Resources | 59.48 Bn | 59.10 Bn | 2.14 Bn | 1.23 Bn |
| 7 | Mplx | 58.45 Bn | 52.01 Bn | 2.91 Bn | 1.38 Bn |
| 8 | Oneok | 55.88 Bn | 54.37 Bn | 2.81 Bn | 1.59 Bn |
| 9 | Cheniere Energy | 55.70 Bn | 55.83 Bn | 5.29 Bn | 4.29 Bn |
| 10 | Plains All American Pipeline | 17.31 Bn | 14.57 Bn | 1.14 Bn | 398.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
API Access
Plains All American Pipeline Operating Income API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-income&ticker=PAA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "ticker": "PAA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-income&ticker=PAA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();