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
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 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