Plains All American Pipeline (PAAPU) Operating Expenses (2009 - 2026)
Plains All American Pipeline (PAAPU) recorded quarterly Operating Expenses of $301.0 million in Q1 2026, up 100.96% quarter-over-quarter from -$31.5 billion in Q4 2025, and down 97.29% on a YoY basis from $11.1 billion in Q1 2025.
Plains All American Pipeline (PAAPU) Operating Expenses (2009 - 2026) Analysis & Trends
Plains All American Pipeline's Operating Expenses history runs 18 years deep, the most recent figure standing at $301.0 million for Q1 2026.
- In Q1 2026, Operating Expenses fell 97.29% year-over-year to $301.0 million; the TTM figure through Mar 2026 stood at -$9.7 billion (up 8.34% YoY), while the FY2025 annual figure was $1.2 billion, down 21.55% from the prior year.
- Operating Expenses was $301.0 million for Q1 2026 at Plains All American Pipeline, up from -$31.5 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $55.1 billion in Q4 2022 to a low of -$34.5 billion in Q4 2024.
- Historically, Operating Expenses has averaged $3.6 billion across 5 years, with a median of $358.0 million in 2024.
- Biggest YoY gain for Operating Expenses was 3631.23% in 2024; the steepest drop was 150100.0% in 2024.
- A 5-year view of Operating Expenses shows it stood at $55.1 billion in 2022, then sank by 99.96% to $23.0 million in 2023, then tumbled by 150100.0% to -$34.5 billion in 2024, then advanced by 8.8% to -$31.5 billion in 2025, then jumped by 100.96% to $301.0 million in 2026.
- The last three Operating Expenses figures came in at $301.0 million (Q1 2026), -$31.5 billion (Q4 2025), and $11.1 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 13.95 Bn |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 12.50 Bn |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 3.38 Bn |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 1.70 Bn |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | -93.35 Mn |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 1.82 Bn |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 333.70 Mn |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 7.00 Mn |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 915.00 Mn |
| 10 | Plains All American Pipeline | - | - | 977.00 Mn | 301.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 301.00 Mn |
| Dec 31, 2025 | -31.46 Bn |
| Sep 30, 2025 | 11.09 Bn |
| Jun 30, 2025 | 10.40 Bn |
| Mar 31, 2025 | 11.12 Bn |
| Dec 31, 2024 | -34.50 Bn |
| Sep 30, 2024 | 408.00 Mn |
| Jun 30, 2024 | 12.43 Bn |
| Mar 31, 2024 | 358.00 Mn |
| Dec 31, 2023 | 23.00 Mn |
| Sep 30, 2023 | 11.84 Bn |
| Jun 30, 2023 | 333.00 Mn |
| Mar 31, 2023 | 357.00 Mn |
| Dec 31, 2022 | 55.08 Bn |
| Sep 30, 2022 | 318.00 Mn |
| Jun 30, 2022 | 307.00 Mn |
| Mar 31, 2022 | 13.40 Bn |
| Dec 31, 2021 | 40.48 Bn |
| Sep 30, 2021 | 10.81 Bn |
| Jun 30, 2021 | 10.17 Bn |