Plains All American Pipeline (PAA) Operating Leases (2019 - 2026)
Plains All American Pipeline's (PAA) quarterly Operating Leases came in at $202.0 million in Q1 2026, down 32.89% year-on-year from $301.0 million in Q1 2025, and little changed quarter-over-quarter from $202.0 million in Q4 2025.
Plains All American Pipeline (PAA) Operating Leases (2019 - 2026) Analysis & Trends
Plains All American Pipeline's Operating Leases history runs 8 years deep, the most recent figure standing at $202.0 million for Q1 2026.
- On a quarterly basis, Operating Leases fell 32.89% year-over-year to $202.0 million in Q1 2026; TTM through Mar 2026 was $202.0 million, a 32.89% decrease from a year earlier, with the FY2025 full-year figure at $202.0 million, down 9.01% from the prior year.
- Operating Leases was little changed at $202.0 million in Q1 2026 per PAA's latest filing, from $202.0 million in the prior quarter.
- Across five years, Operating Leases topped out at $343.0 million in Q4 2023 and bottomed at $188.0 million in Q3 2025.
- The 5-year median for Operating Leases is $280.0 million (2023), against an average of $270.5 million.
- Across the five-year window, Operating Leases tumbled 35.28% in 2024 and rose 15.33% in 2025, its largest moves.
- Year by year, Operating Leases stood at $308.0 million in 2022, then climbed by 11.36% to $343.0 million in 2023, then tumbled by 35.28% to $222.0 million in 2024, then dropped by 9.01% to $202.0 million in 2025, then changed by 0.0% to $202.0 million in 2026.
- Per Business Quant, the three latest PAA Operating Leases figures stand at $202.0 million (Q1 2026), $202.0 million (Q4 2025), and $188.0 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn |
| 10 | Plains All American Pipeline | 17.42 Bn | 17.25 Bn | 977.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 202.00 Mn |
| Dec 31, 2025 | 202.00 Mn |
| Sep 30, 2025 | 188.00 Mn |
| Jun 30, 2025 | 190.00 Mn |
| Mar 31, 2025 | 301.00 Mn |
| Dec 31, 2024 | 222.00 Mn |
| Sep 30, 2024 | 269.00 Mn |
| Jun 30, 2024 | 279.00 Mn |
| Mar 31, 2024 | 261.00 Mn |
| Dec 31, 2023 | 343.00 Mn |
| Sep 30, 2023 | 280.00 Mn |
| Jun 30, 2023 | 299.00 Mn |
| Mar 31, 2023 | 307.00 Mn |
| Dec 31, 2022 | 308.00 Mn |
| Sep 30, 2022 | 300.00 Mn |
| Jun 30, 2022 | 316.00 Mn |
| Mar 31, 2022 | 331.00 Mn |
| Dec 31, 2021 | 416.00 Mn |
| Sep 30, 2021 | 326.00 Mn |
| Jun 30, 2021 | 289.00 Mn |