Plains All American Pipeline (PAAPU) EBITDA Margin (2009 - 2026)
Plains All American Pipeline (PAAPU) recorded quarterly EBITDA Margin of 3.25% in Q1 2026, down 3.34% quarter-over-quarter from 3.36% in Q4 2025, and up 15.0% on a YoY basis from 2.82% in Q1 2025.
Plains All American Pipeline (PAAPU) EBITDA Margin (2009 - 2026) Analysis & Trends
Plains All American Pipeline's EBITDA Margin history runs 18 years deep, the most recent figure standing at 3.25% for Q1 2026.
- In Q1 2026, EBITDA Margin rose 15.0% year-over-year to 3.25%; the TTM figure through Mar 2026 stood at 3.28% (up 150.0% YoY), while the FY2025 annual figure was 4.76%, up 168.0% from the prior year.
- EBITDA Margin was 3.25% for Q1 2026 at Plains All American Pipeline, down from 3.36% in the prior quarter.
- In the past five years, EBITDA Margin ranged from a high of 4.37% in Q3 2022 to a low of 0.29% in Q4 2022.
- Historically, EBITDA Margin has averaged 2.5% across 5 years, with a median of 2.6% in 2024.
- Biggest YoY gain for EBITDA Margin was 471 bps in 2022; the steepest drop was 951 bps in 2022.
- A 5-year view of EBITDA Margin shows it stood at 0.29% in 2022, then soared by 621 bps to 1.53% in 2023, then slumped by 109 bps to 0.13% in 2024, then jumped by 2627 bps to 3.36% in 2025, then fell by 3 bps to 3.25% in 2026.
- The last three EBITDA Margin figures came in at 3.25% (Q1 2026), 3.36% (Q4 2025), and 4.18% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 14.43% |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 13.17% |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 29.91% |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 10.74% |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | - |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 50.33% |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 28.57% |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 14.85% |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 68.07% |
| 10 | Plains All American Pipeline | - | - | 977.00 Mn | 3.25% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 3.25% |
| Dec 31, 2025 | 3.36% |
| Sep 30, 2025 | 4.18% |
| Jun 30, 2025 | 2.25% |
| Mar 31, 2025 | 3.10% |
| Dec 31, 2024 | -0.13% |
| Sep 30, 2024 | 1.57% |
| Jun 30, 2024 | 2.60% |
| Mar 31, 2024 | 3.06% |
| Dec 31, 2023 | 1.53% |
| Sep 30, 2023 | 1.94% |
| Jun 30, 2023 | 3.26% |
| Mar 31, 2023 | 3.83% |
| Dec 31, 2022 | -0.29% |
| Sep 30, 2022 | 4.37% |
| Jun 30, 2022 | 2.51% |
| Mar 31, 2022 | 2.14% |
| Dec 31, 2021 | 9.22% |
| Sep 30, 2021 | -0.19% |
| Jun 30, 2021 | -2.20% |