Plains All American Pipeline (PAA) Operating Income (2009 - 2026)
Plains All American Pipeline's Operating Income came in at $516 million for Q3 2026, up 6.6% from $484 million a year earlier and up 29.6% from the prior quarter.
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Analysis
Plains All American Pipeline (PAA) Operating Income (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Plains All American Pipeline reported Operating Income of $1.67 billion, up 57.5% 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 Q3 2026 figure represents the highest quarterly Operating Income since Q3 2022.
- Year-over-year, Operating Income has increased for three consecutive quarters, with growth averaging 34.3% over the last six quarters.
- 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 $398 million (Q2 2026), $405 million (Q1 2026) and $355 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 106.26 Bn | 104.14 Bn | 4.35 Bn | 1.53 Bn |
| 2 | Williams Companies | 86.41 Bn | 89.20 Bn | 2.59 Bn | 1.14 Bn |
| 3 | Enterprise Products Partners | 82.58 Bn | 80.98 Bn | 14.00 Mn | 1.99 Bn |
| 4 | Kinder Morgan | 71.13 Bn | 71.22 Bn | 2.97 Bn | 1.16 Bn |
| 5 | Tc Energy | 67.40 Bn | 71.05 Bn | - | - |
| 6 | Energy Transfer | 66.89 Bn | 62.98 Bn | 6.57 Bn | 2.78 Bn |
| 7 | Targa Resources | 63.77 Bn | 62.98 Bn | 2.02 Bn | 1.10 Bn |
| 8 | Cheniere Energy | 63.04 Bn | 62.60 Bn | 2.97 Bn | 1.92 Bn |
| 9 | Mplx | 58.00 Bn | 52.25 Bn | 3.19 Bn | 1.48 Bn |
| 10 | Plains All American Pipeline | 17.30 Bn | 18.05 Bn | 1.14 Bn | 516.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 516.00 Mn |
| 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 |
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();