Plains All American Pipeline (PAA) Operating Leases (2019 - 2026)
Plains All American Pipeline (PAA) posted Operating Leases of $202.0 million for Q1 2026, little changed on a QoQ basis from $202.0 million in Q4 2025, and down 32.89% year-on-year from $301.0 million in Q1 2025.
Plains All American Pipeline (PAA) Operating Leases (2019 - 2026) Analysis & Trends
Plains All American Pipeline has disclosed Operating Leases across 8 years of filings, most recently posting $202.0 million for Q1 2026.
- Operating Leases for Q1 2026 came in at $202.0 million, down 32.89% year-over-year; the trailing twelve-month figure through Mar 2026 was $202.0 million (down 32.89% YoY), and the FY2025 annual result was $202.0 million, up 5.21% from the prior year.
- Operating Leases came in at $202.0 million for Q1 2026 at Plains All American Pipeline, roughly flat from $202.0 million in the prior quarter.
- Over the last five years, Operating Leases for PAA reached as high as $379.0 million in Q4 2022 and fell as low as $188.0 million in Q3 2025.
- Median Operating Leases over the past 5 years was $280.0 million (2023), compared with a mean of $272.9 million.
- Year-over-year, Operating Leases plunged 44.02% in 2024 and increased 15.33% in 2025.
- Over 5 years, Operating Leases stood at $379.0 million in 2022, then declined by 9.5% to $343.0 million in 2023, then sank by 44.02% to $192.0 million in 2024, then increased by 5.21% 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 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn |
| 10 | Plains All American Pipeline | 15.72 Bn | 15.54 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 | 192.00 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 | 379.00 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 |