Plains All American Pipeline (PAAPU) Cost of Revenue (2009 - 2026)

Plains All American Pipeline (PAAPU) posted Cost of Revenue of $11.5 billion for Q1 2026, up 20.08% on a QoQ basis from $9.6 billion in Q4 2025, and up 9.28% year-on-year from $10.5 billion in Q1 2025.

Plains All American Pipeline (PAAPU) Cost of Revenue (2009 - 2026) Analysis & Trends

Plains All American Pipeline has disclosed Cost of Revenue across 18 years of filings, most recently posting $11.5 billion for Q1 2026.

  • Cost of Revenue for Q1 2026 came in at $11.5 billion, up 9.28% year-over-year; the trailing twelve-month figure through Mar 2026 was $41.4 billion (down 7.93% YoY), and the FY2025 annual result was $40.4 billion, down 10.47% from the prior year.
  • Cost of Revenue came in at $11.5 billion for Q1 2026 at Plains All American Pipeline, up from $9.6 billion in the prior quarter.
  • Over the last five years, Cost of Revenue for PAAPU reached as high as $15.3 billion in Q2 2022 and fell as low as $9.6 billion in Q4 2025.
  • Median Cost of Revenue over the past 5 years was $11.1 billion (2023), compared with a mean of $11.4 billion.
  • Year-over-year, Cost of Revenue soared 72.96% in 2022 and plunged 31.19% in 2023.
  • Over 5 years, Cost of Revenue stood at $12.0 billion in 2022, then fell by 8.59% to $11.0 billion in 2023, then increased by 1.01% to $11.1 billion in 2024, then fell by 13.59% to $9.6 billion in 2025, then rose by 20.08% to $11.5 billion in 2026.
  • Per Business Quant, the three latest PAAPU Cost of Revenue figures stand at $11.5 billion (Q1 2026), $9.6 billion (Q4 2025), and $10.6 billion (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Enbridge 1,308.38 Bn 1,309.08 Bn 6.70 Bn 9.60 Bn
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn 1.75 Bn
3 Enterprise Products Partners 79.55 Bn 78.40 Bn - -
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn 21.15 Bn
5 Targa Resources 57.60 Bn 57.63 Bn 1.70 Bn 2.39 Bn
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn 498.00 Mn
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn 7.05 Bn
8 Cheniere Energy Partners 29.50 Bn 29.22 Bn 838.00 Mn 2.76 Bn
9 Venture Global 27.41 Bn 27.36 Bn 4.33 Bn 270.00 Mn
10 Plains All American Pipeline - - 977.00 Mn 11.49 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 11.49 Bn
Mar 31, 2026 11.49 Bn
Dec 31, 2025 9.57 Bn
Dec 31, 2025 9.57 Bn
Sep 30, 2025 10.59 Bn
Sep 30, 2025 10.59 Bn
Jun 30, 2025 9.76 Bn
Jun 30, 2025 9.76 Bn
Mar 31, 2025 10.52 Bn
Mar 31, 2025 10.52 Bn
Dec 31, 2024 11.08 Bn
Dec 31, 2024 11.08 Bn
Sep 30, 2024 11.54 Bn
Sep 30, 2024 11.54 Bn
Jun 30, 2024 11.84 Bn
Jun 30, 2024 11.84 Bn
Mar 31, 2024 10.92 Bn
Mar 31, 2024 10.92 Bn
Dec 31, 2023 10.97 Bn
Dec 31, 2023 10.97 Bn