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
DateValue
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