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
DateValue
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