Plains All American Pipeline (PAA) Operating Margin (2009 - 2026)

Plains All American Pipeline has reported Operating Margin for 18 years, with the latest figure at 2.25% in Q2 2026.

• On a quarterly basis, Operating Margin changed 0.0% year-over-year to 2.25% in Q2 2026; TTM through Jun 2026 was 3.14%, a 148.0% increase from a year earlier, with the FY2025 full-year figure at 3.24%, up 146.0% from the prior year.
• Operating Margin was 2.25% for Q2 2026 at Plains All American Pipeline, down from 3.25% in the prior quarter.
• The five-year high for Operating Margin was 4.37% in Q3 2022, with the low at 0.29% in Q4 2022.
• Average Operating Margin over 5 years is 2.49%, with a median of 2.56% recorded in 2024.
• The largest YoY upside for Operating Margin was 489 bps in 2022 against a maximum downside of 490 bps in 2022.
• Over 5 years, Operating Margin stood at 0.29% in 2022, then jumped by 621 bps to 1.53% in 2023, then sank by 109 bps to 0.13% in 2024, then surged by 2627 bps to 3.36% in 2025, then slumped by 33 bps to 2.25% in 2026.
• The last three Operating Margin figures came in at 2.25% (Q2 2026), 3.25% (Q1 2026), and 3.36% (Q4 2025), per Business Quant data.