Plains All American Pipeline (PAAPU) EBT Margin (2009 - 2026)
Plains All American Pipeline (PAAPU) posted EBT Margin of 2.69% for Q1 2026, down 12.13% on a QoQ basis from 3.06% in Q4 2025, and down 70.0% year-on-year from 8.95% in Q1 2025.
Plains All American Pipeline (PAAPU) EBT Margin (2009 - 2026) Analysis & Trends
Plains All American Pipeline has disclosed EBT Margin across 18 years of filings, most recently posting 2.69% for Q1 2026.
- EBT Margin for Q1 2026 came in at 2.69%, down 70.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 2.98% (up 91.0% YoY), and the FY2025 annual result was 3.17%, up 118.0% from the prior year.
- EBT Margin came in at 2.69% for Q1 2026 at Plains All American Pipeline, down from 3.06% in the prior quarter.
- Over the last five years, EBT Margin for PAAPU reached as high as 4.28% in Q1 2023 and fell as low as 0.51% in Q4 2024.
- Median EBT Margin over the past 5 years was 2.69% (2026), compared with a mean of 2.63%.
- On a YoY basis, EBT Margin climbed as much as 463 bps in 2022 and fell as far as 354 bps in 2022.
- Over 5 years, EBT Margin stood at 2.49% in 2022, then plunged by 34 bps to 1.64% in 2023, then plunged by 69 bps to 0.51% in 2024, then jumped by 503 bps to 3.06% in 2025, then slipped by 12 bps to 2.69% in 2026.
- Per Business Quant, the three latest PAAPU EBT Margin figures stand at 2.69% (Q1 2026), 3.06% (Q4 2025), and 3.96% (Q3 2025).
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 10.58% |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 26.68% |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 10.55% |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 7.60% |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 14.93% |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 30.38% |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 10.62% |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 5.08% |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 16.00% |
| 10 | Plains All American Pipeline | - | - | 977.00 Mn | 2.69% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.69% |
| Dec 31, 2025 | 3.06% |
| Sep 30, 2025 | 3.96% |
| Jun 30, 2025 | 2.17% |
| Mar 31, 2025 | 3.39% |
| Dec 31, 2024 | 0.51% |
| Sep 30, 2024 | 1.65% |
| Jun 30, 2024 | 2.74% |
| Mar 31, 2024 | 3.14% |
| Dec 31, 2023 | 1.64% |
| Sep 30, 2023 | 2.20% |
| Jun 30, 2023 | 3.38% |
| Mar 31, 2023 | 4.28% |
| Dec 31, 2022 | 2.49% |
| Sep 30, 2022 | 3.84% |
| Jun 30, 2022 | 1.82% |
| Mar 31, 2022 | 1.80% |
| Dec 31, 2021 | 4.50% |
| Sep 30, 2021 | -0.79% |
| Jun 30, 2021 | -2.28% |